More than 100 TCS employees earn more than Rs 1 crore annually - News Summed Up

More than 100 TCS employees earn more than Rs 1 crore annually


BENGALURU: The number of employees at Tata Consultancy Services whose annual compensation topped Rs 1 crore has crossed 100 in FY19, data accessed by ET shows. Nearly a quarter of these employees began their careers with the country’s largest IT company.In FY17, TCS had 91 crorepatis, which jumped to 103 in FY19, excluding the compensation of CEO Rajesh Gopinathan and COO NG Subramaniam. The data also excludes the salaries of executives based outside India.In comparison, Infosys had over 60 employees earning salaries over Rs 1.02 crore. Unlike Infosys, TCS’ compensation does not include a stock component, which strips out a significant amount of variability.Debashis Ghosh, head of TCS’ life sciences, healthcare and public services business earned over Rs 4.7 crore; Krishnan Ramanujam, head of business and technology services, made more than Rs 4.1 crore, and K Krithivasan, head of the company’s banking, financial services and insurance business, earned over Rs 4.3 crore.K Ananth Krishnan, the company’s chief technology officer, earned more than Rs 3.5 crore. Pratik Pal, the former head of retail and consumer products, got over Rs 4.3 crore in compensation.


Source: Economic Times June 13, 2019 01:17 UTC



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