CEOs of Indian IT industry are leaders in pay packages also. See who earns how much

Wipro Chief Executive TK Kurien received an impressive appraisal of 32% in 2014-15 and drew a package of around $ 1.5 million. In last financial year, Wipro performed marginally better as compared to previous years but the overall revenue growth fell short of industry-level growth rates.

It is noteworthy that his pay package does not include earnings from the shares he holds in Wipro.

Coming to Wipro's billionaire chairman Azim Premji, who next year will complete his 50th anniversary at the company that originally started out as a vegetable-oil maker, his package was $767,685 during the financial year ended March 2015.

Economic Times reported the salary of Premji, who currently holds 73.39% of Wipro's total shares, includes a 0.3% commission on incremental net profits of Wipro during a typical financial year.

"Azim H. Premji was paid a commission at the rate of 0.3% on incremental net profits of Wipro Ltd. over the previous year computed based on the method approved by the Board Governance, Nomination and Compensation Committee and in accordance with the provisions of the Companies Act, 2013," Wipro said in a regulatory filing to the US Securities and Exchange Commission.

ET reported that during the financial year ended March 2015, Kurien's total package stood at $1.46 million, including variable pay, bonus and other long-term compensation payouts, according to the filing. Wipro's former finance Suresh Senapaty, who retired earlier this year, took home a pay package of $541,561 during the year.

Meanwhile, CEO of Infosys, Vishal Sikka, gets an annual pay package of $5.08 million, without stock options. ET in its report said that on a pro rata basis, Sikka made $741,433 during 2014-15. CEO of Tata Consultancy Services, N. Chandrasekaran, commanded a salary of nearly $3.15 million during 2013-14.

CEOs of India's IT industry are among the best paid leaders across industries in the corporate sector over the past decade.

But, e-Commerce companies such as Flipkart and Snapdeal, which receive funds from generous investors, are also now splurging heavily on hiring the creme-de-la-creme of talent and are paying out multi-million dollar packages to their top executives.

For instance, in March, two of Google's engineering VPs - Piyush Ranjan and Punit Soni - relocated from the Bay Area to work with India's largest e-Commerce company Flipkart. Both are being paid Valley salaries too - $5-6 million annual packages.

(Image: Indiatimes)