Big companies of the world give hefty salaries to their top executives. Often the salary of such officers becomes a topic of discussion among the people. The latest case is about the salary of the CEO of the country’s largest IT company TCS. You will be surprised to hear the salary of the CEO of Tata Group’s software company.
Gopinathan got paid like this
Companies like TCS give various benefits to their top executives. These include basic salary, allowances, commission etc. Talking about TCS CEO Rajesh Gopinathan, he got a total of Rs 25.75 crore during the financial year 2021-22. This includes salary of Rs 1.5 crore, allowances and other benefits of Rs 2.25 crore and commission of Rs 22 crore. During the financial year 2021-22, Gopinathan got 26.6 per cent more payment than a year ago.
This is how TCS gives money
TCS has told in its annual report that it Pays salary, allowances and other benefits and commission etc. to its Managing Director and Executive Directors. In this, allowances and other benefits are fixed, while commission is variable. Variable pay is also known as performance pay. It depends on the financial performance of the company. If the company makes more profits, then the executives get more money.
Five years extension
Rajesh Gopinathan holds a degree in Electrical and Electronics Engineering from NIT Trichy. He has also done PG-Diploma in Management from IIM Ahmedabad. He is credited with getting TCS included in Fortune’s list of Preferred Partners 500 companies. The company this month appointed Gopinathan as managing partner and chief executive officer for five more years. His tenure has been extended from 21 February 2022 to 20 February 2027.
This week’s achievement
TCS is India’s second largest listed company and the largest IT and software company Is. TCS has been named by American magazine Forbes in the prestigious list of America’s Best Large Employers this week. According to BSE, the market capitalization of TCS is currently around Rs 12.19 lakh crore. Currently, the total employee strength of TCS is around 5.30 lakh.
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