Once again, the IT industry tops the list of highest paid CEOs in the country, with CEOs and senior executives enjoying sky-high salaries.
After the salaries of founders Zerodha Nikhil and Nithin Kamath were made public along with the company’s profile, the debate started about the high salaries of top positions in IT and startups. The IT sector once again tops the list of CEOs offering the highest salaries in India.
According to data collected by The Economic Times, seven out of the ten highest paid CEOs in India are from the IT sector. The salaries of these top CEOs range from $29 to $82 per year, according to ET Analytics data. An analysis of 500 companies listed on the Bombay Stock Exchange shows that the highest paid CEOs in the country are Thierry Delaporte of Wipro, Sandeep Kalra of Persistent Systems, Nitin Rakesh of Mphacation, Salil Parekh of Infosys, Sudhir Singh of Coforge, C.P. CEO out of Tech Mahindra, and Rajesh Gopinathan, former CEO of TCS.
Wipro’s Thierry Delaporte has been ranked as India’s highest paid CEO in the IT sector, with a salary of over $80. Meanwhile, former TCS CEO Rajesh Gopinath said a salary of 29 crores this year.
Additionally, HCL Technologies CEO and MD C Vijayakumar is the eleventh highest paid CEO in India, reporting an annual salary of $28 in FY23. In other fields, they compete in the global market. Zerodha founder Kamath’s salary revealed
Zerodha founders and directors Nithin Kamath and Nikhil Kamath have become the highest-paid CEOs of an Indian startup, bringing in an annual salary of $72. Second on the list is Oyo founder Ritesh Agarwal, with an annual salary of 12 crores $.
However, Nithin Kamath has explained in the past that the high salaries of senior managers and executives do not actually constitute the salaries received by individuals. Since almost half of this amount is spent on taxes, the salary value is set high to reduce the risk of loss when the company is liquidated.
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