TCS New CEO’s Wage Revealed: Know How A lot Okay Krithivasan Earns In A YearUpdated 44 minutes in the past

Okay Krithivasan, the chief government officer of TCS, took over as the corporate’s chief government on June 1 after Rajesh Gopinathan resigned as the corporate’s MD and CEO. Krithivasan is the fifth CEO of TCS in its over-five-decade-long historical past. Right here’s a have a look at TCS CEO Okay Krithivasan’s wage:

Krithivasan’s primary wage at present stands at Rs 10 lakh per 30 days or Rs 1.2 crore a 12 months, which may go as much as Rs 16 lakh per 30 days or practically Rs 1.90 crore, plus different advantages. In response to reviews, his month-to-month wage package deal in 2018-19 was Rs 4.3 crore.

Within the monetary 12 months 2022-23, the corporate’s COO N G Subramaniam earned a complete compensation of Rs 23.59 crore in the course of the fiscal 12 months 2023, up 14 per cent by way of the 12 months. It had grown 18 per cent in FY22.

TCS pays remuneration by wage, advantages, perquisites and allowances (mounted part) and fee (variable part) to its managing director and the chief administrators, the corporate has mentioned in its annual report. Variable pay, higher understood as efficiency pay, relies upon totally on the corporate’s efficiency.

Rajesh Gopinathan, who lately stepped down because the MD and CEO, recieved a complete compensation of Rs 25.75 crore within the monetary 12 months 2021-22. It comprised a wage of Rs 1.5 crore, advantages and allowance of Rs 2.25 crore, and a complete fee (from earnings) of Rs 22 crore.

Who Is Okay Krithivasan?

Okay Krithivasan has been the president and international head of the banking, monetary providers, and insurance coverage (BFSI) enterprise group at Tata Consultancy Providers

Okay Krithivasa has been a part of the worldwide expertise sector for over 34 years. He joined Tata Consultancy Providers in 1989. Throughout his lengthy tenure at TCS, he has held varied management roles in supply, buyer relationship administration, massive program administration and gross sales.

Okay Krithivasa can also be a member of the Board of Administrators of TCS Iberoamerica, TCS Eire and the supervisory board of TCS Know-how Options AG.

Okay Krithivasa holds a Bachelor’s Diploma in Mechanical Engineering from the College of Madras and a Grasp’s Diploma in Industrial and Administration Engineering from IIT Kanpur.

Okay Krithivasa takes cost at a time when progress is slowing down for the IT sector on account of uncertainties, and warning in key markets such because the US and Europe.