TCS CEO Rajesh Gopinathan takes home Rs 12.4 cr pay package in FY18

TCS chief executive Rajesh Gopinathan drew a pay package of Rs 12.49 crore in FY18, following his elevation to the lead role at the country's largest IT services company last year.

Gopinathan, who was earlier serving as the chief financial officer at the Mumbai-based company, took over the CEO role in February last year after N Chandrasekaran was made the chairman of Tata Sons.

According to TCS' annual report 2017-18, Gopinathan's compensation included Rs 1.02 crore in salary, Rs 60 lakhs in perquisites, Rs 10 crore in commission and Rs 86.8 lakhs in other allowances.

Compared to this, his remuneration was Rs 6.22 crore in FY2016-17 (as CFO from April 1, 2016 to February 21, 2017 and as CEO and MD from February 21, 2017 to March 31, 2017).

Chief Operating Officer and Executive Director N Ganapathy Subramaniam took home a pay package of Rs 9.29 crore, while CFO Ramakrishnan V's remuneration was Rs 3.37 crore in FY18, the report said.

TCS said the average annual increase in wages in India was around 5-6 per cent. "However, during the course of the year, the total increase is approximately 7 per cent, after accounting for promotions and other event based compensation revisions," it pointed out.

Employees outside India received a wage increase varying from 2-5 per cent.

"...it has been a full year after our leadership transition. I am happy to report that it has been a very stable and seamless experience for all our stakeholders...We refocused the organisation on the market opportunity presented by four big themes: Intelligence, Agility, Automation and Cloud, and re-organised the teams to align with these themes," Gopinathan said in his letter to shareholders.

In FY 2018, TCS reported revenue of Rs 1,23,104 crore, growing 4.4 per cent over the previous year, he said.