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TCS defies tech-sector inertia: Top execs see salary hikes in FY23

The salary cuts come at a time when the IT services industry is witnessing demand torpor, especially in discretionary spending

Shivani Shinde Ayushman Baruah Bengaluru/Mumbai

TCS defies tech-sector inertia: brass sees no salary erosion in FY23

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The salary cuts come at a time when the IT services industry is witnessing demand torpor, especially in discretionary spending

3 min read Last Updated : Jun 07 2023 | 7:15 PM IST

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At a time when salaries of the top management of India’s two largest information technology (IT) services have seen erosion, the leadership at Tata Consultancy Services (TCS) has seen just the opposite.

Rajesh Gopinathan, who stepped down from the role of chief executive officer (CEO) and managing director of TCS — India’s largest IT services firm — saw his total remuneration go up 13.17 per cent for 2022-23 (FY23). He received a total package of Rs 29.16 crore.

Gopinathan’s total compensation package comprised a salary of Rs 1.73 crore; benefits, perquisites, and allowances were Rs 2.43 crore; and commission Rs 25 crore. Likewise, N Ganapathy Subramaniam, chief operating officer of TCS, saw his total remuneration go up 14 per cent to Rs 20.68 crore for FY23.