Earlier this month, K Krithivasan took over as the TCS CEO. An IIT-Kanpur alumnus, 58-year-old Krithivasan is a TCS veteran, having been with the company for 30-plus years. He was previously president and global head of banking, financial services and insurance (BFSI) vertical that accounts for nearly a third of the company’s revenue. The IT services company has said that its new CEO, K Krithivasan, will have a basic salary of Rs 10 lakh per month, which can go up to Rs 16 lakh, plus other benefits. The company’s COO NG Subramaniam earned a total compensation of Rs 23.59 crore during the fiscal year 2023, up 14% through the year. It had grown 18% in FY22.
Gopinathan, 52, has been with TCS for 22 years. He was elevated from the role of chief financial officer to CEO in February 2017 after his predecessor N Chandrasekaran was appointed as chairman of Tata Sons. In March 2022, Gopinathan was reappointed for a period of five years ending February 2027.
Rival Infosys‘ CEO salary dropped in FY2023
Rival Infosys CEO Salil Parekh’s compensation dropped 29.3% to Rs 56.4 crore in the 2022-23 financial year, after a massive 88% jump to Rs 79.8 crore in the year before that. His remuneration included Rs 30.6 crore due to RSUs (restricted stock units). Infosys’ outgoing president Mohit Joshi’s compensation rose 64.6% to Rs 57.3 crore, up from Rs 34.8 crore in the previous year. Joshi resigned from the company earlier this year.
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