The latest annual report of Tata Consultancy Services (TCS) has disclosed the remuneration of CEO Rajesh Gopinathan, COO N Ganapathy Subramanium and CFO Ramakrishnan V for fiscal 2017-18, Business Standard reported.
TCS salary package in fiscal 2017-18
TCS CEO Rajesh Gopinathan INR 1249.2 lakh
TCS COO N Ganapathy Subramaniam INR 929.8 lakh
TCS ED Aarthi Subramanian, who joined Tata Sons, INR 231.6 lakh
TCS CFO Ramakrishnan V INR 337 lakh
Remuneration of TCS CEO Rajesh Gopinathan in fiscal 2017-18 was 212 times compared to the median remuneration of TCS employees in the financial year, the TCS annual report for 2017-18 said.
TCS COO N Ganapathy Subramanium came second highest at almost 180 times that of the median employee earning.
TCS CEO’s total compensation for the last 12 months was Rs 125 million including profit share from the IT services company. TCS COO earned almost Rs 93 million during the same period. TCS CFO earned Rs 33 million last year.
Gopinathan replaced N Chandrasekaran at the TCS leadership last year following the latter’s move to lead Tata Sons. Gopinathan’s earnings included Rs 100 million worth of commissions apart from gross salary of Rs 10.2 million and other allowances of Rs 8.6 million.
During the year, the company’s employee cost rose to FY15 levels of around 54 percent of total revenue.
“We have doubled down on investing in internal talent development at scale, empowering individuals to acquire skills that will keep them relevant in an evolving technology landscape. In FY 2018, over 247,000 employees were trained in digital technologies, resulting in them gaining over 861,000 digital competencies,” said Gopinathan in a note to investors.
TCS has offered 120 percent quarterly variable pay in the fourth quarter ended March 31st as it passed on benefits of strong quarter results. The company also announced salary hikes for FY19 in the range of 2-6 percent depending on geography.
TCS earlier said the technology outsourcing company has reduced attrition rate by 10 basis points to 11 percent in the Q4 with the total headcount reaching 394,998 with net addition of 4,118 employees over the quarter.
