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).
|Name||Company||Salary (Rs. Crore)|
|C.P. Gurnani||MD & CEO, Tech Mahindra||165.6|
|Pawan Munjal||CMD & CEO, Hero MotoCorp||43.9|
|D.B. Gupta||Chairman, Lupin||37.6|
|Aditya Puri||MD, HDFC Bank||32.8|
|Sunil Mittal||Chairman, Bharti Airtel||27.2|
|N. Chandrasekeran||CEO & MD, TCS||21.3|
|Rajiv Bajaj||MD, Bajaj Auto||20.5|
|K.M. Birla||Chairman & Non-executive director, UltraTech||19|
|Y.C. Deveshwar||Chairman & Wholetime Director, ITC||15.3|
|Navin Agarwal||Chairman, Vedanta||15.1|