The targeted compensation package for Cognizant’s CEO in FY24 was ₹137 crore. However, the IT department claimed that Chief Ravi Kumar S earned ₹70 crore in a filing with the US Securities and Exchange Commission (US SEC).

We examine why his actual pay was less than anticipated, the components of his compensation package, and how his pay compares to that of other CEOs of Indian IT firms like Infosys, TCS, and Wipro.

Cognizant CEO Package: Complete Details

Cognizant CEO Ravi Kumar’s yearly compensation increased to almost ₹70 crore ($8.2 million) in FY24, up 14% from the previous year, according to the company filing. It did point out, nevertheless, that the actual compensation was less than the 2024 objective of ₹137 crore ($16.1 million).

The Cognizant CEO’s compensation saw a significant year-on-year increase in FY24. His base salary rose by 20% to ₹10.25 crore ($1.2 million), while the Annual Cash Incentive (ACI) target also went up by 20% to ₹20.49 crore ($2.4 million). In addition, he was awarded Performance Share Units (PSUs) worth ₹64 crore ($7.5 million) and Restricted Stock Units (RSUs) worth ₹42.68 crore ($5 million), both reflecting a 9% increase compared to the previous fiscal year.

Also Read: BHEL Registers 19% Topline Growth in FY2024-25, New Record

Differences in the Pay Ratio:

According to the media sources, the CEO-to-median employee pay ratio for Cognizant in 2024 was 378:1. As per the document, Kumar earned 378 times as much as the typical worker in his organization.

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