Tech Mahindra CEO C P Gurnani’s pay rises 189% to Rs 63.4 cr in FY22

Tech Mahindra managing director and chief executive CP Gurnani’s remuneration for FY22 jumped 189 per cent to Rs 63.4 crore, the fifth-largest IT exporter said on Wednesday.

In its annual report for the fiscal, Tech Mahindra said Gurnani’s remuneration, including salary, stock compensation benefits and post-employment benefits was Rs 21.9 crore in the year-ago period.

Among Gurnani’s peers, TCS chief Rajesh Gopinathan saw a 26 per cent rise in his compensation to Rs 25.75 crore in FY22, while Infosys’ Salil Parekh witnessed a 43 per cent jump to Rs 71.02 crore.

Gurnani’s salary was 1,188.74 times the median salary of Rs 5.27 lakh in Tech Mahindra. The median salary declined by 1.04 per cent during the fiscal.