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7 out of 10 Highest paid CEOs in India hail from IT sector

Livemint

Livemint · 2y ago

7 out of 10 Highest paid CEOs in India hail from IT sector

According to a report by the Economic Times, the IT sector dominates the list of highest paid CEOs in India, with 7 out of the top 10 belonging to the sector. CEOs from companies like Wipro, Infosys, and Tech Mahindra are among the top earners, with salaries ranging from ₹29 crore to ₹82 crore. The intense global competition faced by IT companies is cited as a key reason for the high executive remuneration in the sector. Additionally, founders of Zerodha, Nithin and Nikhil Kamath, collectively withdrew ₹195.4 crore as compensation in FY23, making them one of the top-earning CEOs.

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With double-digit hikes, CEO pay in India stands at Rs 10 crore: Deloitte survey

YourStory

YourStory · 8m ago

With double-digit hikes, CEO pay in India stands at Rs 10 crore: Deloitte survey

The Deloitte India Executive Performance and Rewards Survey 2025 indicates a 13% increase in median compensation for Indian professional CEOs, now at Rs 10 crore, with 60% of this at risk. CXO pay rose by 7-11%, with COOs and CFOs the highest-paid after CEOs, nearing Rs 4 crore. There's rising scrutiny on share-based plans, shareholder activism, and a shift towards performance-based assessments. The survey involved 400 organizations, revealing increased emphasis on strategic target alignment and holistic performance evaluations.

Data check: Why C-suite salaries jumped in FY24—and did staff pay keep pace?

Livemint

Livemint · 1y ago

Data check: Why C-suite salaries jumped in FY24—and did staff pay keep pace?

The median remuneration for top executives at India's largest listed companies grew by 8.6% in FY24, according to a Mint analysis. However, the salary gap with staff remains significant in many companies, highlighting a larger issue. The highest-paid CEOs in India come from sectors such as IT, banking, and finance. Over the past five years, the median pay for executive directors at Nifty 500 companies has surged from ₹3.8 crore to ₹5.7 crore. The analysis also revealed a gender pay gap and a growing number of executives making over ₹1 crore per year.

Meet Indian IT industry's best paid CEO

Livemint

Livemint · 1y ago

Meet Indian IT industry's best paid CEO

Ravi Kumar Singisetti, CEO of Cognizant Technology Solutions Corp., received $22.56 million in compensation last year, making him the highest-paid Indian boss at a tech services company. The amount includes a one-time stock reward. Kumar's compensation is 0.11% of Cognizant's $19.35 billion revenue. Notably, Cognizant's revenue declined, and the company let go of 3,500 employees to improve profitability. Comparatively, other Indian IT services CEOs received lower proportions of their respective company's revenue as remuneration.

From Scapia To Kiwi — Indian Startups Raised $61 Mn This Week

Inc42 · 2y ago

From Scapia To Kiwi — Indian Startups Raised $61 Mn This Week

Indian startups raised $61 Mn across 10 funding deals, a 38% week-on-week markup. The highest funding deal of the week was by fintech startup Scapia, which raised $23 Mn from Elevation Capital and 3STATE Ventures. The fintech sector emerged as the most funded sector, raising a total of $36 Mn across two deals. Ecommerce saw the highest deal count with five deals sealing $15.5 Mn. In terms of acquisitions, Adobe acquired Bengaluru-based AI-powered video creation platform Rephrase.ai.

Who is Nikesh Arora? Indian origin executive who earned 2nd highest paycheck.

Livemint

Livemint · 1y ago

Who is Nikesh Arora? Indian origin executive who earned 2nd highest paycheck.

The Indian-origin CEO of Palo Alto Networks, Nikesh Arora, ranked second on the Wall Street Journal's list of highest-paid CEOs in the US in 2023. With a compensation of $151.43 million, Arora's earnings exceeded those of other prominent tech executives such as Mark Zuckerberg of Meta and Sundar Pichai of Google. Prior to his role at Palo Alto Networks, Arora had an impressive career at companies like Google and Softbank, where he received significant compensation packages. Palo Alto Networks justified Arora's high pay by highlighting his strong performance and the importance of retaining his talent.

Vietnam raises $302 million in government bond auction

Economic Times

Economic Times · 14d ago

Vietnam raises $302 million in government bond auction

Vietnam's State Treasury raised 7.95 trillion dong ($302 million) in a weekly government bond auction, an increase from last week's 7 trillion dong. The coupon rate for 10-year bonds reached its highest this year at 3.92%. With 61% of the bonds sold, Vietnam aims to meet 62% of its annual bond sales target. Proceeds from these sales primarily fund public investments, a major economic growth driver.

Donald Trump to host crypto summit at White House on March 7

Economic Times

Economic Times · 9m ago

Donald Trump to host crypto summit at White House on March 7

US President Donald Trump is set to host a cryptocurrency summit at the White House on March 7. The event will feature remarks by Trump and include CEOs, investors, and notable figures from the cryptocurrency industry. This gathering signals heightened attention on the crypto market from political leadership, aiming to discuss its growth, regulation, and potential impacts on the economy. The summit seeks to bridge the gap between policymakers and the rapidly evolving crypto sector.

PM Modi showcases India’s tech prowess during US visit: key takeaways

Economic Times

Economic Times · 1y ago

PM Modi showcases India’s tech prowess during US visit: key takeaways

Indian Prime Minister Narendra Modi recently visited the US to highlight India's growth potential in the technology sector. During his visit, Modi met with Silicon Valley CEOs and government officials to attract investment in India's startup and semiconductor industries. The prime minister emphasized India's innovation-friendly policies and burgeoning market opportunities, which caught the attention and interest of the CEOs. Modi also addressed the Indian American community, discussing India's digital infrastructure and initiatives for domestic semiconductor production. Notable CEOs like Jensen Huang from Nvidia and Sundar Pichai from Google expressed their support and willingness to partner with India in fields like AI and manufacturing.

IIT-Bombay sees record Rs 3.7 crore international offer; engineering firms top recruiters

Economic Times

Economic Times · 2y ago

IIT-Bombay sees record Rs 3.7 crore international offer; engineering firms top recruiters

IIT Bombay has achieved its highest-ever international salary offer of Rs 3.7 crore per year during its annual placements, surpassing the previous year's top international offer of Rs 2.1 crore. The highest domestic salary offered was Rs 1.7 crore. The engineering and technology sector recruited the most students, with the average compensation slightly higher than the previous year. However, IT/software hiring saw a decline. A total of 16 offers exceeding Rs 1 crore per annum were made during the placements, with 65 international offers accepted out of 300 pre-placement offers.

As Big Tech tops talent intake, Amazon bags maximum H-1B visas in FY25; Indian IT firms see sharp decline - The Economic Times

Economic Times

Economic Times · 22d ago

As Big Tech tops talent intake, Amazon bags maximum H-1B visas in FY25; Indian IT firms see sharp decline - The Economic Times

In FY 2025, US tech giants Amazon, Meta, Microsoft, and Google dominated H-1B visa approvals, with Amazon securing the highest number at 4,644. This surge aligns with their expansion in AI and cloud infrastructure. Conversely, Indian IT firms saw a sharp decline, with the top seven firms receiving only 4,573 approvals, marking a 70% drop since 2015. TCS stood out among Indian companies, although their extension rejection rate increased to 7%.

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