HCL Tech CEO Salary Slashed By 80%: Earning Only Rs 7 Lakh Per Day Now – Trak.in

HCL Tech CEO Salary Slashed By 80%: Earning Only Rs 7 Lakh Per Day Now – Trak.in

HCL Tech CEO C. Vijayakumar earned a total salary of $3.46 million in the 2023 fiscal, the lowest among the top five IT companies in India.

In contrast, last year Vijayakumar was the highest-paid, having earned Rs 130 crore ($16.52 million).

HCL Tech CEO Salary Slashed By 80%: Earning Only Rs 7 Lakh Per Day Now

Salary components

The total amount includes a base salary of $2 million, a performance-linked bonus of $1.43 million, and benefits, perquisites, and allowances worth $0.03 million.

This is nearly 80% less than the $16.5 million, or about Rs 130 crore, he earned in FY22.

Long-term incentives

According to the company’s annual report, the pay decline had to do with the absence of long-term incentives, or LTI which are payable every two years on “achievement of milestones or parameters decided by the board”.

Last fiscal, Vijayakumar earned…


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