TCS chief Chandrasekaran's salary jumps 14% to Rs 21.2 crore

Bengaluru, June 9: N Chandrasekaran, the CEO and Managing Director of Tata Consultancy Services (TCS), saw his salary package going up by about 14 per cent to Rs 21.28 crore in the 2014-15 fiscal from the year-ago period.

The head of India's largest software services firm had taken home a package of Rs 18.68 crore in the 2013-14 financial year.

According to the company's annual report, Mr Chandrasekaran received Rs 1.79 crore in salary, Rs 2.62 crore in value of perquisites, Rs 16 crore in commission and Rs 86.61 lakh under other heads and allowances.

Besides, he holds 88,528 shares in the Tata group firm.

TCS CFO Rajesh Gopinathan took home a package of Rs 2.14 crore in the 2014-15 fiscal.

Meanwhile, Infosys CEO Vishal Sikka's pay package stood at Rs 4.56 crore in the said year, while T K Kurien -- CEO of India's third-largest software services firm Wipro - received over 33 per cent hike to $1.46 million (about Rs 9.3 crore) in 2014-15 fiscal.

Mr Sikka was appointed as Infosys Director on June 14, 2014 and elevated to managing director and chief executive officer effective August 1, 2014.

Mr Sikka also got 27,067 restricted stock units or RSUs, which is equivalent to 54,134 RSUs after adjusting for the bonus issue made in December 2014.

The RSUs will vest over a period of four years, Infosys said in a statement. The stock units are worth over Rs 10 crore according to current market price (around Rs 2,000) of Infosys shares.

PTI