Tag Archives: HCL

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).

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…

Global technology leader continues its expansion and growth in Canada with plans to hire 2,000 employees in next three years

NOIDA, India & MISSISSAUGA, Ontario–(BUSINESS WIRE)–HCL Technologies Ltd (HCL), a leading global technology company, today announced the opening of its Innovation center focused on digital acceleration in Mississauga, Ontario. From this newest Global Delivery center (GDC), HCL will deliver advanced technology solutions to its global client base to help accelerate their digital transformation journeys. HCL will provide next-gen services including digital and analytics solutions, cloud consulting and migration, cybersecurity, IT infrastructure and application services. HCL continues to significantly invest in Canada to build innovation and delivery…