TCS top management takes pay cut in FY20 to conserve cash amid Covid-19

As Covid-19 crisis moderated growth numbers of Tata Consultancy Services in the last financial year, top management of the firm took home lesser pay to conserve cash.

Chief Executive Officer Rajesh Gopinathan’s compensation fell around 16 per cent to Rs 13.3 crore and included Rs 1.35 crore in salary, Rs 1.29 crore in perquisites, Rs 10 crore in commission (at 0.02 per cent of profit) and over Rs 72.82 lakh in other allowances. In 2018-19, his compensation was Rs 16.02 crore.

TCS Chief Operating Officer N Ganapathy Subramaniam earned over Rs 10.11 crore in FY20 as compared to Rs 11.61 crore in FY19—a 12.9 per cent decline. Chief Financial Officer Ramakrishnan V took home Rs 3.98 crore in FY20 compared to Rs 4.13 crore last year.