TCS CEO’s salary up 27% to Rs 26 crore, average hike at 5-8%

As per the company, for employees, average annual increase in salary was 5-8% in India.

Published: 20th May 2022 08:18 AM  |   Last Updated: 20th May 2022 06:19 PM   |  A+A-

TCS office building

Image used for representational purpose. (File Photo | PTI)

Express News Service

BENGALURU: IT major Tata Consultancy Services (TCS) CEO and MD Rajesh Gopinathan has received Rs 25.76 crore total compensation in FY22. This is nearly a 27% jump from his previous pay- Rs 20.36 crore in FY21. According to the company’s annual report, Gopinathan received a salary of Rs 1.51 crore, benefits, perquisites and allowances of Rs 2.25 crore and commission of Rs 22 crore.

TCS chief operating officer and executive director N Ganapathy Subramaniam received a salary of Rs 1.44 crore, benefits, perquisites and allowances of Rs 2.24 crore and commission of Rs 17 crore. His total compensation in the last fiscal stood at Rs 20.7 crore, which is a 29% jump from his previous compensation of Rs 16 crore. Gopinathan was appointed for 5 years in 2017, and was re-appointed for a period of five years till February 20, 2027.

As per the company, for employees, average annual increase in salary was 5-8% in India. “However, during the course of the year, the total increase is nearly 10.5%, after accounting for promotions and other event-based compensation revisions,” TCS said. The percentage increase in the median remuneration of employees in 2021-22 was 4.24%. Also, according to the report, Gopinathan’s compensation is 397 times the median remuneration of the staff, which is a 26.52% increase in the financial year. In the previous year, the ratio was 327:1. “At our current pace of growth, it is only a matter of time before we double our revenues and hit the $50 billion mark,” Gopinathan said in a letter to shareholders.

“Artificial intelligence and data are key differentiators for enterprises today. TCS helps its customers stay ahead of the game by investing in research and innovation, tapping the intellectual capital within the organisation and also of our ecosystem through our Co-Innovation Network,” Tata Group chairman N Chandrasekaran said in the annual report. TCS is the largest employer of women, over 2,10,000 strong in the workforce.  Women make up 13% of its senior management.

TCS top deck’s salary increase in FY22
CEO and MD Rajesh Gopinathan’s salary is 397 times the median remuneration of the staff, which is a 26.52% increase in the financial year. In the previous year, the ratio was 327:1.  COO N Ganapathy Subramaniam’s salary stood at Rs 20.7 crore, up 29% .

ALSO WATCH |



Comments(1)

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

  • Akash Pandey

    Average hike is 2.5 to 4.3% and very less employees are got 5-6 %. In TCS only higher management and CEO are working hard and rest of us are doing nothing
    2 months ago reply
flipboard facebook twitter whatsapp