salary of cio in india: Salary: CIO March, 2023

Compensation data tools, salary structures, surveys and benchmarks. White Papers Check out our white papers for the latest national compensation forecast and more Webinar Recordings Our webinar recordings explore various compensation topics and explain our products. The Titan CEO salary is estimated to be around Rs 4.2 crore, as of FY21. TCS CEO, Rajesh Gopinathan was reported to have earned Rs 25.75 crore for FY22.

L&T is an Indian multinational conglomerate that deals with engineering, manufacturing, construction, technology, and financial services, and its headquarters is situated in Mumbai. He is the current CEO and is said to have received a salary of INR 27.17 Crore in FY20. Many people pursue higher education as a tactic to switch into a higher paying job. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment. Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well.

How does a person’s salary progress over time?

C P Gurnani’s earnings were recorded at around Rs 165 crore on occasions more than one. The salary of C P Gurnani was last posted at Rs 63.4 crore after he received a 189% hike in his compensation in FY22. Naveen Jindal’s contributions stand even beyond what he has done for the company. Jindal is actually a powerful reason why we can now fly our National Flag 365 days a year. This eventually led to Jindal and his wife, Ms. Shallu Jindal, to establish the Flag Foundation of India.

• The following table shows the basic pay of CM of each state of India in decreasing order from top to bottom.
• The average salary for Information Technology is 0% more than that of All Jobs.
• Poonawalla Fincorp, previously Magma Fincorp, has named Gaurav Sharma as its group CTO.
• A very common practice to save on taxes,” a third person pointed out.
• Zomato founder and CEO, Deepinder Goyal, has resigned from the board of Urban Company.

Meanwhile, if you are aspiring to work in Intelligence Bureau or other government-owned agency, then you should take the government exam mock tests to check how prepared you are for the exam. Drive strategic planning, business development, and fiscal operations. To this, Kunal Shah responded, “I don’t believe I should get a good salary till the company is profitable. My salary at CRED is ₹ 15,000 per month and I can survive as I sold my company FreeCharge in the past.”

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Pawan Munjal’s salary is reported to be Rs 84.59 crore in the fiscal year 2020. What your skills are worth in the job market is constantly changing. Kunal Shah made the revelation during an ‘Ask Me Anything’ session on Instagram and said he drew the small salary as his company is not yet profitable. This means that the average person in India earns approximately 180 INR for every worked hour.

According to Kamath’s tweet, these techniques have evolved into the easiest game in town for manipulators. The net salary of the Member of Legislative Assembly/Member of Legislative Council varies from state to state. The following table shows the basic pay of MLA/MLC in each state of India. This is the third year in a row Carey’s been on our list; his compensation hasn’t changed much but the fact that his contemporaries are making more moves him down the ranking.

The revelation, however, appeared to have triggered netizens and sparked a debate. The average salary for Information Technology is 0% more than that of All Jobs. Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone.

In order to make clear that this was an allowing decision that permits the three working entrepreneurs to draw wages up to the sum in case of cash flow, Nithin Kamath posted a clarification on Twitter. He explained that starting a business is similar to trading in that you can quickly go up or down. Along with his brother Nikhil Kamath and his wife Seema Patil, Nithin Kamath manages the business. Zerodha has advanced significantly from a team of five to hundreds of workers.

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For the CEO, 84% of short-term incentives are dependent on company performance. Almost 80% companies prefer a target-based approach for determining short-term incentives. While 60% companies use long-term incentives, ESOPs continue to be the most prevalent type of long-term incentive instrument used.

He brings in 20 years of experience across sectors including media, broadcasting, data centre, telecom, BFSI, and retail. He was previously senior director of engineering at Samsung Electronics. Koppad has over two decades of experience in product development and management across diverse areas including wireless infrastructure, mobile, and SaaS-based cloud computing platforms. He has held senior management positions at Google, TiVo, and Motorola. At Google he led the design, development, and launch of smartphones including Moto X, Moto G and Moto E. Poonawalla Fincorp, previously Magma Fincorp, has named Gaurav Sharma as its group CTO.

What is the lowest pay for Chief Executive Officer (CEO)s?

This includes a USD 3 million base salary, along with a 6 million bonus and an equity value of USD 40 million. In addition to this, Cook’s percentage of stock units, tied to Apple’s performance, will also rise to 75 per cent from the previous 50 per cent. Google CEO Sundar Pichai reportedly earns USD 242 million per year.

She has also led Unilever’s https://1investing.in/ integration platform, working on application development and lifecycle management. Prior to that, she worked for 13 years at GE, where she headed the Oracle technology team for GE Appliances’ ERP platform. Purohit was previously CIO at Yes Bank, where he spearheaded business technology transformation and digital innovation strategy with a focus on modernising the bank’s technology stack. Prior to that, he held leadership positions at RBL Bank, Barclays Bank, and JP Morgan Chase.

What Do Chief Investment Officer (CIO)s Do?

The chart shows the salary of cio in india for Chief Information Technology Officer ranges from ₹5,700,429 to ₹13,436,273 with the average base salary of ₹9,038,257. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation.

Rajesh Garg has been appointed executive vice president and chief digital officer at Yotta Infrastructure, where he will report to co-founder and CEO Sunil Gupta. He will be responsible for the growth of the ERP implementation and other SaaS applications. Apollo Tyres has hired Kuldeep Goyal as its head of global IT Infrastructure and cybersecurity. Based in Bangalore, he will report to Hizmy Hassen, chief digital officer.

Across most roles, size of the company had a greater influence on the pay levels as compared to sector in which the company operates. The increase in pay levels is accompanied by a strong performance linkage. For companies with a long-term incentive plan, 91% had a vesting period of three or more years, it said. Harmit Singh Malhotra has joined media and entertainment major Enterr10 Television as chief technology officer. In his new role, Menon will be responsible for strengthening the digital operations at Lulu to support the company’s big expansion plan for India, focusing on customer experience and supply chain productivity.

While the latest 2022 details of Majety’s net worth is not confirmed, he was worth around Rs 14,000 crore in 2020. He once reportedly travelled over 3,000 kms cycling across European countries like France, Italy, Spain and Portugal. In FY22, professional CEOs earned Rs 10 crore on an average while the median compensation along with long-term incentives was Rs 7.4 crore. Similarly, in FY21, the average was Rs 9.1 crore while the median stood at Rs 6.2 crore, which was again lower compared to 2020 when the average stood at Rs 9.7 crore and median at Rs 7.1 crore. Blinkit, the company bought by Zomato for $568 million, is already offering home chef services through a company called ChefKart. As of now, there has been no official statement from the company in this regard.

A former CIO100 India winner, Bari has also previously held leadership roles at Max Life Insurance, HT Media, and SBI Card. He held IT leadership positions at IBM and at telcos around the world before returning to India and a CTO role at HT Media. Shiju holds a bachelor’s degree in computer science and engineering from Bangalore University and a master’s degree in information management from Mumbai University. Web Werks operates Tier-III data centres, in Mumbai, Pune and Delhi, with plans to open others in Bengaluru, Hyderabad and Chennai.