Former TCS CEO Rajesh Gopinathan has joined the Boston Consulting Group (BCG) as senior advisor TMT practice, Delhi team, according to a report by the Times of India (TOI). Mint could not independently verify the report.
BCG’s TMT develops strategies and business models supported by a global network of IT experts and data scientists.
TCS paid ₹30 crore salary to former CEO Rajesh Gopinathan in FY23
Recently, Gopinathan stepped down as CEO after he was given an extension for a 5-year term from 2022-2027. He was replaced by K Krithivasan who has over three decades of experience with the company.
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TCS paid approx ₹30 crore to Gopinathan in the financial year 2023. That is an increase of almost 13.2% on a year-on-year basis.
Krithivasan takes charge as TCS CEO
In the FY2023 annual report, the IT firm disclosed that Gopinathan earned a salary of ₹1.73 crore, while his benefits, allowances and allowances stood ₹2.43 crores. In general, he took home around ₹29.16 crore in FY23.
Tata Group discusses participation of outgoing TCS CEO Gopinathan after September 15
In FY22, Gopinathan’s salary was at ₹25.77 crore, while he earned around ₹20.37 crore in FY21 and ₹13.38 crore in FY20.
Tata Group mulls hiring outgoing TCS CEO Rajesh Gopinathan after September 15
Gopinathan was one of the proponents of remote work during the Covid pandemic. He brought big logos like Standard Life business to TCS.
During Gopinathan’s tenure, TCS added over $10 billion in incremental revenue and over $70 billion in market capitalization growth, according to the news report.
Gopinathan also helped TCS cross a pioneering net profit mark of ₹10,846 crore in the third quarter of the current fiscal year. Under his leadership, TCS’ brand value increased by 212% to $45.5 billion in the last two years.
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Updated: 28 Nov 2023, 10:58 IST