Wipro, Tech Mahindra, and HCL had some of the highest paid CEOs in India this year.
After Zerodha founders Nikhil and Nithin Kamath’s salaries went public with the company filings, the debate started over the high pay for the top positions in IT sector and start-ups. The IT sector once again stood at the top of the list of CEOs with the highest salary packages across India.
According to data gathered by The Economic Times, seven out of the total 10 highest-paid CEOs in India belong to the IT sector. The salaries of these top CEOs ranged from ₹29 crore to ₹82 crore per annum, the ET analysis data showed.
An analysis of the Bombay Stock Exchange 500 companies on the stock market showed that the highest-paid CEOs in the country included Thierry Delaporte of Wipro, Sandeep Kalra of Persistent Systems, Nitin Rakesh of Mphasis, Salil Parekh of Infosys, Sudhir Singh of Coforge, CP Gurnani, outgoing CEO of Tech Mahindra, and Rajesh Gopinathan, former CEO of TCS.
Wipro’s Thierry Delaporte has been ranked as the highest-paid CEO of India in the IT sector, with a salary of over ₹80 crore. Meanwhile, former TCS CEO Rajesh Gopinath reported a salary of ₹29 crore this year.
Further, HCL Technologies CEO and MD C Vijayakumar was the eleventh highest-paid CEO in India, reporting an annual salary of ₹28 crore in FY23. One of the main reasons why IT companies reward their executives and directors handsomely is because, unlike the majority of the other industries, they compete in the global market.
Zerodha founders Kamath brother’s salary revealed
Zerodha founders and directors Nithin Kamath and Nikhil Kamath became the highest-paid CEOs of a startup company in India, reporting an annual salary of ₹72 crore each. The second on the list was Oyo founder Ritesh Agarwal, with an annual salary of ₹12 crore.
However, Nithin Kamath had explained in the past that the high salaries of top management and executives are not actually the drawn salary of the individual. Saying that nearly half of it goes out in taxes, the value of the salaries are set high to reduce the risk of losses during liquidation of the firm.
Read more news like this on HindustanTimes.com
News Related
-
Anurag Kashyap unveils teaser of ‘Kastoori’ Finally, the highly anticipated teaser of the National Award-winning film ‘Kastoori’ launched, offering a glimpse into the compelling tale of childhood in search of the smell of happiness. Directed by Vinod Kamble and presented by acclaimed filmmakers Anurag Kashyap and Nagraj Popatrao Manjule, delves ...
See Details:
Anurag Kashyap unveils teaser of ‘Kastoori’
-
New Delhi: After the overwhelming response to the action-packed trailer of the noir crime drama, ‘Shehar Lakhot’, Prime Video has unveiled intriguing posters featuring the intriguing leads of the series, raising the excitement among the audiences and capturing their attention. The eight-episode drama features interesting and multi-layered characters played by ...
See Details:
Shehar Lakhot: Meet The Intriguing Characters Of The Upcoming Noir Crime Drama
-
Watch: ‘My name is VVS Laxman…’: When Ishan Kishan gave wrong answers to right questions NEW DELHI: With a comfortable 2-0 series lead against Australia in the five-match series, Indian cricketers are chilling it out, having fun, enjoying each others’ company. After Monday’s video of Axar Patel throwing a ‘challenge’ ...
See Details:
Watch: 'My name is VVS Laxman...': When Ishan Kishan gave wrong answers to right questions
-
FILE PHOTO: Tennis – WTA Finals – Cancun, Mexico – November 5, 2023 Belarus’ Aryna Sabalenka in action during her semi final match against Poland’s Iga Swiatek REUTERS/Henry Romero SYDNEY (Reuters) – World number two Aryna Sabalenka and number four Elena Rybakina will open their 2024 seasons at the Brisbane ...
See Details:
Tennis-Sabalenka, Rybakina to open new season in Brisbane
-
-
A view of the under-construction Barapullah flyover near Mayur Vihar on Monday. Work on the third and last phase of the much-delayed Barapullah flyover project will be completed in one year, officials in the Public Works Department said, a week after the lieutenant governor (LG) approved the land transfer for ...
See Details:
Delayed Barapullah work yet to begin despite land transfer
-
Army called in to help in tunnel rescue operation Vertical drilling also starts as part of ‘Plan B’SILKYARA: Personnel from Madras Sappers regiment of the Army’s Corps of Engineers were pressed into service on Sunday to clear the escape passage in the Silkyara tunnel where blades of the auger drilling ...
See Details:
Army called in to help in tunnel rescue operation
-
-
-
-
On October 19, the training institute’s Tecnam P2008JC (single engine) aircraft VT-RBC took off from runway 11 at Baramati with sole occupant on board. The Baramati Taluka Police have lodged a first information report (FIR) against flying training school Redbird Flight Training Academy on Monday, officials said. The Directorate General ...
See Details:
The Judge behind China's financial reckoning
-
-
-
On October 19, the training institute’s Tecnam P2008JC (single engine) aircraft VT-RBC took off from runway 11 at Baramati with sole occupant on board. The Baramati Taluka Police have lodged a first information report (FIR) against flying training school Redbird Flight Training Academy on Monday, officials said. The Directorate General ...
See Details:
'Gurdwaras are...': US Sikh body on Indian envoy's heckling by Khalistani backers
OTHER NEWS
In a greeting from 10 Downing Street on the occasion of Guru Nanak Jayanti, British Prime Minister Rishi Sunak mentioned his Punjabi Indian origin, news agency PTI reported. The 43-year-old ...
Read more »
This report is the second of a three-part series on recent Indian engagement in the Latin American and Caribbean (LAC) region. New Delhi: The US’ decision last month to ease ...
Read more »
Rajshri Deshpande dedicates OTT award to innocent lives lost in Gaza, Palestine Actor and social worker Rajshri Deshpande won the Best Actor, Series (Female) award for Netflix’s ‘Trial By Fire’. ...
Read more »
‘Ramchandra Keh Gaye…’: From Jan 1, RSS to Spread Word of God, Ayodhya Inauguration Among 10 Crore People In its effort to take the Ram Janmabhoomi message to households across ...
Read more »
Ace designer Rohit Bal critical, on ventilator: report Celebrated fashion designer Rohit Bal is in critical condition and is on ventilator support, HT City reported, quoting sources. He has been ...
Read more »
Bengaluru: Traffic Advisory Issued, Parking Restrictions In Place As Samyukta Horata Samiti Holds Protest | Details The Bengaluru Traffic Police has issued a traffic advisory for November 27 and 28 ...
Read more »
vistara flights diverted due to air congestion at delhi airport | details Delhi: Two Vistara flight has been diverted to Lucknow and Jaipur due to bad weather and air congestion ...
Read more »
