LTIMindtree CEO pay up 10%, LTTS chief’s package jumps over 100%
LTIMindtree CEO and MD Debashis Chatterjee’s total annual compensation grew to Rs 19.34 crore in FY24, from Rs 17.5 crore in FY23, showed the annual report of the company filed with BSE.
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Chatterjee’s fixed pay was Rs 9.33 crore, variable compensation at Rs 9.9 crore for the fiscal 2024. The median remuneration of employees of LTIMindtree during the financial year grew by 12% to Rs 14,00,009. In FY23, the median remuneration of the employees was Rs 12,49,992.
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Offering CollegeCourseWebsiteIIT DelhiCertificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitIndian School of BusinessProfessional Certificate in Product ManagementVisitIn comparison, among the likely front runner to the CEO position next year, chief operating officer Nachiket Deshpande’s compensation at Rs 16.14 crore in FY24 jumped over 600% from Rs 2.3 crore in FY23. FY24’s large part of the payout includes Rs 13.7 crore worth of stock options exercised by Deshpande.
Meanwhile, another reported CEO contender Sudhir Chaturvedi, president, markets and whole-time director, witnessed a 59% dip in total payout at Rs 9.2 crore in FY24, down from 22.2 crore. In FY23, Chaturvedi had exercised stock options worth Rs 12.38 crore.
However, in fixed pay too, Chaturvedi’s salary dipped to Rs 6.7 crore from Rs
