Salaries of top CEOs in the Indian IT sector

Tata Consultancy Services CEO and Managing Director N Chandrasekaran saw his salary package rise by about 14 per  cent to Rs 21.28 crore in 2014-15, making him one of the highest paid executives in the Indian IT services industry. Let us have a look at the salaries of other top CEOs in the Indian IT sector.

CEO of Infosys, Vishal Sikka joined the company in August on an annual pay package of Rs 30 crore. He will also get a stock option worth Rs 12.8 crore, PTI reported.

Wipro Chief Executive TK Kurien got 32 per cent hike in salary in the FY 2015. His pay package stood at Rs 9.6 crore in the last fiscal, excluding earnings from Wipro shares. His salary includes variable pay, bonus and other monetary compensations.

Wipro's billionaire chairman Azim Premji's earnings in the FY 2015 were Rs 4.9 crore.  Premji also holds 73.39 per cent of Wipro shares. The Economic Times reported that Premji's salary includes 0.3 per cent commission paid on incremental net profits.

The salaries of CEOs in the Indian IT sector however still have a long way to go when compared with US-based IT companies. US-listed Cognizant CEO Francisco D'Souza earned Rs 70.3 crore in the FY 2015, including his stock options. Microsoft CEO Satya Nadella however is the top-paid CEO in the US with a pay package of Rs 525 crore that includes long-term stock bonds.