Coforge, Persistent Systems CEOs earn more than TCS, HCLTech and Infosys chiefs

Chief executives of Coforge and Persistent Systems earned more than their counterparts in TCS and Infosys in the last financial year as some Indian midcap IT firms are paying top dollar to their CEOs who are growing their business despite headwinds from multiple directions.

Coforge CEO Sudhir Singh’s annual remuneration jumped three times in FY24 to more than $12.5 million (Rs 105.12 crore), making him the second-highest paid Indian IT firm CEO last financial year, trailing only former Wipro CEO Thierry Delaporte.