Annual report reveals this Indian tech CEO got a 189% hike

Tech Mahindra CEO Salary: The take home if you are a tech boss is getting bigger and bigger. Tech Mahindra managing director and chief executive CP Gurnani's salary for FY22 jumped 189% to Rs 63.4 crore as per a filing from the company. 

In its annual report for the fiscal, Tech Mahindra, India's fifth-largest IT exporter said Gurnani's remuneration, including salary, stock compensation benefits and post-employment benefits was Rs 21.9 crore in the year-ago period.

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Gurnani's salary was 1,188.74 times the median salary of Rs 5.27 lakh in Tech Mahindra. The median salary declined by 1.04 per cent during the fiscal.

Among Gurnani's peers, TCS chief Rajesh Gopinathan saw a 26 per cent rise in his compensation to Rs 25.75 crore in FY22, while Infosys' Salil Parekh witnessed a 43 per cent jump to Rs 71.02 crore.