After Rs 2.5 LPA job offer, Cognizant grants 1% salary hikes to employees

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After Rs 2.5 LPA job offer, Cognizant grants 1% salary hikes to employees - Business Standard

Quick Summary:

According to a LiveMint report, CEO Ravi Kumar Singisetti earned a remarkable $22.56 million (approximately Rs 186 crore) in the past year.

Amid the uproar over the low starting salary, attention has shifted to Cognizant’s CEO, who holds the distinction of being the highest-paid IT CEO in India.

Singisetti, who took over as the chief executive in January 2023, received a one-time stock award valued at $20.25 million (around Rs 169.1 crore), making him the highest-paid IT CEO in India for 2023.