Tata Consultancy Services CEO and MD Rajesh Gopinathan took home a pay package of about Rs 20.36 crore in 2020-21, according to the company’s annual report.
In 2019-20, Gopinathan had received a total remuneration of Rs 13.3 crore.
According to TCS’ annual report for 2020-21, Gopinathan received Rs 1.27 crore in salary, Rs 2.09 crore in benefits, perquisites and allowances, and Rs 17 crore in commission.
TCS chief operating officer N. Ganapathy Subramaniam drew a pay package of about Rs 16.1 crore in the last financial year. This includes Rs 1.21 crore in salary, Rs 1.88 crore in benefits, perquisites and allowances, and Rs 13 crore in commission.
The increase in the managerial remuneration for the year was 55.22 per cent, the report said.
“Increase in the managerial remuneration for FY2021 is not comparable with FY2020 owing to decrease in remuneration of 15 per cent in FY2020 in view of the economic conditions impacted by the Covid-19 pandemic wherein the directors had decided to moderate the executive remuneration for FY2020 to express solidarity and conserve resources,” it added.
The average annual increase in salaries was 5.2 per cent in India. However, during the course of the year, the total increase is approximately 6.4 per cent, after accounting for promotions and other event-based compensation revisions. Employees outside India received a raise varying from 2-6 6 per cent, the report said.
