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Major Indian IT CEOs’ Salary Dips in FY23; Wipro and HCLTech Detail Reasons

  • Annual remuneration of CEOs in leading Indian IT companies, including Infosys and Tech Mahindra, fell significantly in FY23.
  • HCLTech CEO Vijaykumar saw an 80% salary drop, while Tech Mahindra’s CEO Gurnani’s pay fell by 50%.
  • Slump in remuneration was due to various reasons, including underperformance and companies’ policies on Long Term Incentives.
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