TCS management takes home smaller pay packets due to COVID-19 impact

The annual incomes of top executives at Tata Consultancy Services fell in the just concluded fiscal year, as India’s largest IT services provider posted slower growth due to business uncertainty triggered by the Covid-19 pandemic.

Chief executive Rajesh Gopinathan’s income dropped 16.5% to Rs 13.3 crore in the fiscal year ended March 31 from Rs 16.04 crore in the previous financial year.

His compensation included Rs 1.35 crore in salary, Rs 1.29 crore as perquisites, Rs 10 crore in commission and about Rs 72 lakh from other allowances.