Salaries of CEOs at India’s top five IT firms—TCS, Infosys, HCLTech, Wipro, and Tech Mahindra—have surged by 160% in five years, reaching a median annual pay of ₹84 crore in FY24.
Meanwhile, fresher salaries have risen just 4%, from ₹3.6 lakh to ₹4 lakh. This disparity comes as corporate profits fail to keep pace with wage growth, despite IT being India’s largest private-sector job creator.
Former Infosys CFO Mohandas Pai criticized this imbalance, questioning high CEO rewards amid falling margins and stagnant entry-level pay, calling it "very wrong" and exploitative.