Tech Mahindra, CEO, CP Gurnani pays down 33% in the last fiscal

CP Gurnani, CEO and MD of Tech Mahindra, obtained Rs 22 crore in wage in the last fiscal, down from Rs 33.2 crore in the fiscal earlier than that, as per the corporate’s newest annual report.

Gurnani’s compensation consists of Rs 2.7 crore in wage, about Rs 9 crore in perquisites, and Rs 1.7 crore in commissions. He was additionally eligible for commerce payables of Rs 1.8 crore. It is not clear what the remaining part of the wage is, although it’s prone to be largely inventory compensation advantages.

Part of the decline can be as a result of the corporate’s high administration had determined in the primary quarter of last yr to not take their bonus/ variable pay as a part of an effort to take care of the monetary influence of the pandemic. The firm is in its silent interval and declined to supply any particulars.

Infosys CEO Salil Parekh earned Rs 49 crore last fiscal, whereas TCS chief govt Rajesh Gopinathan’s annual wage rose by 54% to greater than Rs 20 crore. Significant variations typically come up from yr to yr on account of adjustments in inventory vesting schedules.