25% IT chiefs draw more than Rs 100 million, says a report by IiAS

The pay levels of chief executive officers (CEOs) in the information technology (IT) sector have grown at a faster pace than profits over the past five years, said a report by proxy advisory firm Indian Institute of Advanced Study (IiAS). While a fourth of the CEOs drew a remuneration of Rs 100 million or more in 2016-17, the median pay in the sector is in line with the market. Further, the ratio of CEO-pay to median employee pay, at 62 times, is among the lowest across sectors.