Udayavni Special

TCS CEO Rajesh Gopinathan draws Rs 20.36 crore salary in 2020-21


PTI, May 20, 2021, 12:26 PM IST

Source: Getty images

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 NSE -0.47 %’ 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 percent, the report said.

“Increase in the managerial remuneration for FY2021 is not comparable with FY2020 owing to decrease in remuneration of 15 percent 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 percent in India. However, during the course of the year, the total increase is approximately 6.4 percent, after accounting for promotions and other event-based compensation revisions. Employees outside India received a wage increase varying from 2 to 6 percent, the report said.

The increase in remuneration is in line with the market trends in the respective countries, it added.

The report said the percentage increase in the median remuneration of employees in FY2021 was 0.03 percent. TCS’ permanent employee base was at 4,48,649 at the end of the 2020-21 fiscal year.

The 26th Annual General Meeting of the Mumbai-based company will be held virtually on June 10, 2021.

TCS Chairman N Chandrasekaran said the company sees immense opportunities for growth, riding the new technology cycle that has kicked off, powered by the belief that its differentiated capabilities and collaborative, solution-centric approach make it the preferred transformation partner of its customers.

“It is building on that belief, and investing in sharpening the capabilities needed to expand its footprint in this large opportunity,” he said in his letter to the shareholders.

Despite a sharp fall in revenues in the first quarter, TCS made a swift recovery during the rest of the year and clocked full-year revenues of Rs 164,177 crore in FY2021.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Assess if physical classes can be held for students of classes 10 and 12 in COVID-free villages: Maha CM

2 more Cong MLAs back Siddaramaiah as CM candidate in next assembly election

Complete pending road works soon: Udupi DC Jagadeesh directs NH officials

B’luru-based firm launches helpline for COVID related legal queries

‘Jal Jeevan Mission’: Govt to provide tap water connection to 25 lakh rural households this year

Sitharaman meets Infosys officials, reviews tech glitches on new I-T e-filing portal

SC refuses to interfere with CBSE, CISCE assessment scheme for evaluating Class 12 students



Related Articles More

Eccentric Engine to provide interactive digital experience for Citroen’s new SUV

Sensex ends flat, retreats from 53K mark on profit-booking

NCLT clears Jalan-Kalrock Consortium’s resolution plan for Jet Airways

I-T dept functionality to identify ‘specified persons’ on whom higher TDS will be levied from Jul 1

Govt proposes ban on mis-selling, fraudulent flash sales on e-commerce platforms

MUST WATCH

Karnataka Covid-19 Unlock

Jayalaxmi Silks Udyavara | Premium Chiffon Sarees

Massive Landslide in Chorla Ghat

Forest Department personnel responsible for cattle smuggling

All shops permitted to open from June 23 in Dakshina Kannada: Kota Poojary

Latest Additions

Assess if physical classes can be held for students of classes 10 and 12 in COVID-free villages: Maha CM

West Bengal budget session to begin from July 2

2 more Cong MLAs back Siddaramaiah as CM candidate in next assembly election

Complete pending road works soon: Udupi DC Jagadeesh directs NH officials

Power lunch: Adityanath, RSS leaders meet at Dy CM Maurya’s home

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.