K Krithivasan, the newly appointed chief executive officer and managing director of TCS, took home a pay of over Rs 25 crore in FY24, the company said on Thursday.
Krithivasan took charge as the head of the country’s largest IT services exporter in June 2023, after the surprising exit of Rajesh Gopinathan. His appointment is for a period of five years.
As per the company’s annual report, Krithivasan earned a salary of Rs 1.27 crore, with benefits, perquisites and allowances of Rs 3.08 crore and bagged a commission of Rs 21 crore during the fiscal year.
The earnings include his compensation as the global head of the largest vertical of banking, financial services and insurance at TCS, it said. Interestingly, the chief operating officer of the company, N G Subramaniam earned Rs 26.18 crore during the financial year. Subramaniam, who is due to retire from the company soon, was in the role for the entire year and his emoluments included a salary of Rs 1.72 crore; Rs 3.45 crore in benefits, perquisites and allowances, and Rs 21 crore in commission.