HCL Tech’s Vijayakumar is the highest-paid IT CEO in India

HCL Technologies Ltd’s chief executive C. Vijayakumar earned ₹123.13 crore ($16.52 million) last year, with three-fourths of his income in long-term benefits, making him the highest-paid boss among Indian software services firms.

Vijayakumar’s annual base salary totaled $2 million, $2 million in variable pay and $0.02 million in perquisites and other benefits for the year ended 31 March, Noida-based HCL Technologies disclosed its chief executive’s remuneration in its annual report released over the weekend.

A Long-Term Incentive (LTI) of $12.50 million, which includes income earned for the last two years, brought his total compensation to $16.52 million.

Vijayakumar’s salary of $4.13 million in the year ended March 2021 did not include the LTI, according to the country’s third largest technology services company. Livemint