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TCS CEO’s Pay Grew 60% in 2013-14

BI India BureauJun 4, 2014, 15:27 IST

N Chandrasekaran, chief executive of the IT major Tata Consultancy Services (TCS) , received Rs 18.7 crore as salary in FY2013-14. He is probably the highest paid CEO of an Indian IT firm. His compensation does not include dividends that he received from the 88,528 shares he owns in the company.

Chandrasekaran's remuneration is more than double the amount of former Infosys president BG Srinivas who received Rs 7.8 crore during the same period. Wipro chairman Azim Premji's compensation was Rs 10.2 crore in FY2013-14.

The steep increase in Chandrasekaran's compensation reflects the company's healthy performance, surpassing the industry growth of about 13%. TCS's revenue grew 16.2% to $13.4 billion and its net income increased 22.9% to $3.1 billion.