If you thought number of crorepatis rose in Infosys only in 2014-15 financial year, here is some thought provoking input.Its rival,
Last year, 38 employees at Wipro got Rs 1 crore or more as salaries.
Experts tracking executive pay told Economic Times the top Indian IT firms are sparing no expense to retain talent.
During 2014-15, Infosys created the highest number of crorepatis as the number shot up to 113 from 18.
Employees drawing an annual salary of over Rs 60 lakh at Wipro also saw a jump from 121 to 169. Most of the executives were either at the vice president or general manager level or above.
Rishad Premji, Wipro's newly appointed board member, received a pay package of nearly Rs 1.7 crore during the 2014-15.
Whereas, Chief Financial Officer Jatin Dalal’s pay package was Rs 2.5 crore.
Meanwhile, Chief Executive TK Kurien's salary jumped 39% to Rs 9.1 crore .
In his letter to shareholders in the company's annual report, chairman Premji said Wipro continued to contribute significantly towards philanthropy.
"Over the past 15 years, I have tried to put this belief into action through my personal philanthropic work. Over these years I have irrevocably transferred a significant part of the shareholding in Wipro, amounting to 39% of the shares of Wipro, to a trust (of which ownership in 21.14% was transferred and for the balance the trust is entitled to beneficial interest of dividends and sale proceeds)," Premji wrote in the letter.
(Image: Indiatimes)