Billions of people lost their jobs not only in India but also in other countries. So those who have jobs have to run their house on half salary.
Mumbai: The government imposed lockdown as a last resort to prevent infection during the Corona period. After that, billions of jobs were lost not only in India but also in other countries. So those who have jobs have to run their house on half salary. Some people have not received their salary for two or three months. In addition, many essential commodities including vegetables have become expensive, making it difficult for people to run their homes. But it has become difficult for people to keep the job they have, it is not possible for them to think of a salary increase.
But during this difficult time, the salary of CEO and Managing Director of Tata Consultancy Services, Rajesh Gopinathan, has increased by crores of rupees. According to the company’s annual report, it has earned an annual income of Rs 20.36 crore in the financial year 2020-21.
According to TCS’s annual report, Gopinathan has a monthly salary of Rs 1 crore 27 lakh. Apart from this, it includes an allowance of Rs 2.09 crore and other facilities. Besides, he has received Rs 17 crore as commission. Earlier, in the year 2019-20, Gopinathan had received a total package of Rs 13 crore 3 lakh.
According to company officials, it was decided to reduce their honorarium in the last financial year to conserve resources. As a result, the company’s chief executive’s salary was slashed by 15 per cent last year. Therefore, the annual report of TCS FY21 states that the remuneration for this financial year should not be compared with TCS FY20.
What is the CEO’s package so far?
Before Gopinathan, TCS CEO N. Ganpati Subramaniam had received a salary package of Rs 16.1 crore in the last financial year. His monthly salary was Rs 1 crore 21 lakh.
He was being paid Rs 1 crore 88 lakh for allowances and other facilities. Apart from this, he used to get Rs 13 crore as commission. According to the report, TCS’s management class rewards have increased by 55.2 per cent in the last financial year.