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Thursday, June 5, 2014

TCS CEO N Chandrasekaran receives 60% hike in salary,highest-paid CEO of all time

2:28 AM

TCS CEO Mr. N Chandrasekaran the highest-paid CEO among the country's information technology companies, reports Our Bureau. Chandrasekaran earned Rs 18.7 crore for the year 2013-14, as against Rs 11.7 crore in the year-ago period, according to TCS' annual report filed on Tuesday.

The nation's biggest programming organization's prize to its top manager underlines the amazing development recorded by the Mumbai-based organization. For financial year 2014, TCS' income development beat Nasscom's development target and figured out how to grow its topline by 16%. TCS takes after the pattern for the year set by two other Bangalore-based programming exporters, Infosys and Wipro which excessively gave noteworthy pay treks to its top supervisors.

A month ago, ET reported that Wipro CEO TK Kurien's compensation crossed the million-dollar mark surprisingly, in a sign that the organization kept on support his turnaround plans. Wipro's CEO TK Kurien saw his pay, including profits, expand from $888,228 in monetary year 2012-13 to $1.1 million before the end of March in the not so distant future, fundamentally by virtue of ascent in variable pay part.

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