TCS chief exec’s pay package grows 28% in 2018-19

Software services firm Tata Consultancy Services (TCS) chief executive officer and managing director (CEO and MD) Rajesh Gopinathan took home almost Rs 16 crore as pay package for the financial year ended March, a 28% rise over last year's Rs 12.5 crore, according to the company’s annual report.

As part of his package, Gopinathan, who took over as CEO and MD in February 2017, received a commission of Rs 13 crore, the largest component in his package, salary of Rs 1.16 crore, prerequisites of Rs 1.27 crore, and over Rs 60 lakh in other allowances. 

The Mumbai-based firm's chief operating officer and executive director N Ganapathy Subramaniam took home Rs 11.6 crore as pay package for the financial year ended March 2019, a 25% growth over Rs 9.3 crore during the last year. His compensation for the financial year ended March 2019 included a salary of Rs 1.1 crore and a commission of Rs 9 crore.

One of the non-executive directors, Tata Sons and TCS chairman N Chandrasekaran, did not take any commission and was only paid sitting fees for his board meeting attendance.

Chief financial officer V Ramakrishnan took home a pay package of Rs 4.13 crore for 2018-19, and company secretary Rajendra Moholkar Rs 1.4 crore.

TCS' total revenue for the year ended March 2019 stood at Rs 1.5 lakh crore compared to Rs 1.2 trillion for 2017-18.