1/ 11 Vishal Sikka, CEO and MD of Bengaluru-headquartered software services exporter Infosys, took home a remuneration of Rs. 48.73 crore in the year 2015-16. Reuters C.P. Gurnani, CEO and MD of Tech Mahindra, earned the highest remuneration in the country for 2014-15. His total pay package was Rs. 165.6 crore. Tech Mahindra is an Indian multinational providing information technology services, outsourcing and consulting to the telecommunication industry. REUTERS Pawan Kant Munjal, CMD & CEO of Hero MotoCorp, is India's 2nd top earner with Rs. 43.9 crore in 2014-15. Hero MotoCorp is the World's single largest two wheeler motorcycle manufacturer based in India. REUTERS Desh Bandu Gupta, Founder Chairman of Lupin Limited, ranked 3rd with Rs. 37.6 crore package in 2014-15. Among the top five pharmaceutical majors in India, Lupin Pharmaceutical, is globally the seventh and tenth largest generic pharmaceutical company by market capitalization and revenue, respectively. Wikimedia Commons Aditya Puri, Managing Director of India's HDFC Bank, ranked 4th with Rs. 32.8 crore in earnings in 2014-15. HDFC Bank is Indian banking and financial services company headquartered in Mumbai. REUTERS Sunil Bharti Mittal, chairman of Bharti Enterprises, took home the 5th highest salary package of Rs. 27.2 crore in 2014-2015. New Delhi headquartered, Bharti Airtel Limited, is a leading global telecommunications company with operations in 20 countries across Asia and Africa. REUTERS Natarajan Chandrasekeran, the chief executive officer and managing director of Tata Consultancy Services (TCS), shovels in Rs. 21.3 crore in 2014-15. He stood 6th as India's top earners. TCS, a subsidiary of Tata Group, is a multinational informational technology (IT) services, consulting and business solutions company. Wikimedia Commons Rajiv Bajaj, Managing Director of Bajaj Auto Ltd., with Rs. 20.5 crore package in 2014-15 was India 7th top salaried employee. A part of the Bajaj Group, Bajaj Auto is is India's leading two wheeler manufacturer. REUTERS Kumar Mangalam Birla (C), Chairman of Aditya Birla Group, stood 8th among country's top earners with Rs. 19 crore as remuneration for 2014-2015. The Aditya Birla Group is an Indian multinational conglomerate with subsidiaries companies like Idea Cellular, Minacs, Hindalco Industries, Grasim Industries, Pantaloons Fashion & Retail, Louis Philippe and more. In Picture: Kumar Mangalam Birla (C), Chairman of Aditya Birla Group, speaks during a news conference in Mumbai February 11, 2007. India's Hindalco Industries Ltd., part of the Aditya Birla Group, has entered into an agreement with Novelis Inc. to acquire the Canadian aluminium products maker, a spokesperson for the group said on Sunday. REUTERS Yogesh Chander Deveshwar, chairman of India's top tobacco firm ITC Ltd., raked in Rs. 15.3 crore as remuneration in 2014-15 and ranked 9th among country's top paid executives. Headquartered in Kolkata, ITC Ltd is a multi-business conglomerate with diversified presence in FMCG, Hotels, Paperboards and Packaging, Agri Business and Information Technology. REUTERS Navin Agarwal, the Executive Chairman of Vedanta Ltd, earned the 10th position for country's highly paid executives of 2014-15. He raked in Rs. 15.1 crore for the financial year. Vedanta Limited is one of the world's largest diversified natural resources companies. In Picture: A bird flies by the Vedanta office building in Mumbai August 16, 2010. REUTERS
With Infosys filing its annual report for 2015-2016, its executive pay package information is out in the open. Vishal Sikka, the CEO and MD of the Bengaluru-based IT services exporter, took home a salary package of Rs. 48.73 crore in 2015-16.
His basic salary was Rs. 5.96 crore, while variable pay, inclusive of bonus, retirals and others, amounted to Rs. 42.77 crore, according to the disclosures in the annual report. The variable pay component included Rs. 14 crore for the financial year 2014-15.
Sikka will get about a 50 percent hike in remuneration for 2016-2017. The company approved a compensation of $11 million (about Rs. 74 crore) in February this year.
Yet, his compensation will be less when compared to that of Francisco D'Souza, CEO of Cognizant Technology Solutions, who took home $12 million in 2015, the
Economic Times reported.
It would be interesting here to know
India's top 10 highest paid CEOs in 2014-15 as reported by the Business Standard. (Their earnings for 2015-16 will be available when the companies file their annual reports for the year).
Salary (Rs. Crore)
MD & CEO, Tech Mahindra
CMD & CEO, Hero MotoCorp
MD, HDFC Bank
Chairman, Bharti Airtel
CEO & MD, TCS
MD, Bajaj Auto
Chairman & Non-executive director, UltraTech
Chairman & Wholetime Director, ITC