Job Market Recently touched new lows in India. But it was a fairyland for the top level executives. 2011 witnessed a Massive package for Genpact’s CEO, NV Tyagarajan, AKA Tiger Tyagarajan, totaling $ 8.8 million or a whopping Rs. 49 Crores. This four fold jump in his pay packet made him pip not only IT rivals but even some big bankers.
His pay includes a bonus of $ 1.3 million, share awards worth $ 5.2 million and options worth $ 1.5 million and other compensations. Genpact’s Total Revenue was $1.6 billion in 2011.
Tiger’s Salary not only beats current IT rivals such as Rohit Kapoor ( CEO and VC ) of EXL Service earning Rs. 14.3 Crore; N CHandrasekaran ( MD and CEO ) of TC earning Rs. 8 Crore; Vineet nayar ( CEO And VC ) of HCL Tech earning Rs. 7.6 Crore; Keshav Murugesh ( CEO) of WNS Global earning Rs. 6.6 Crore; TN Kurien ( MD And CEO ) of Wipro tech earning Rs. 2.5 Crore but it also commands over some old players in the banking Induatry such as Aditya Puri And Chanda Kochhar earning a handsome figure over Rs. 4 Crore last year.
But being Genpact’s Global CEO, Tiger will be mostly be based in US and living costs as compared to India are much higher. Here as compared to India, Tiger would be earning Rs. 20 crore in India which is still considered brilliant and above all.
Companies here in India earning are not paying their top level executives that much. The Tiger Effect here encourages company to pay a good figure to leading executives in India as here the quality of work done is improving in leaps and bounds.