Ravi Kumar's pay package from Cognizant Co., Ravi Kumar for FY24, was £ 137, but what he actually got will shock your shock | Company Business News

CEO Pay package: Cognizant CEO Ravi Kumar’s targeted pay package for FY24 was set at £ 137, but he earns about half the number – £ 70 crore, according to a company submitted. That’s why and other details … According to the company submitted to the United States Securities and Exchange Commission (US SEC), Cognizant CEO Ravi Kumar’s annual payment for FY24 rose to over £ 70 ($ 8.2 million), according to a Times of India (Toi) report. Paradoxically enough, although the realized salary of this year increases by 14 percent (Yoy), it was about 50 percent less than Kumar’s £ 137 crore-targeted payment package for FY24. Ravi Kumar’s pay package of Cognizant CEO details of the components of the £ 137 crore pay package: Basalary: £ 10.25 crore ($ 1.2 million), 20 percent year-to-year (yoy), compared to the FY23 salary. ACI TEIKEN: £ 20.49 crore ($ 2.4 million), also 20 percent year old. Performance -share -units (PSUs) worth £ 64 ($ 7.5m), with an annual year. Limited equity units (RSUs) worth £ 42.68 ($ 5 million), also by 9 percent year old. Why did Ravi Kumar’s receive almost half the salary? According to the filing, while Kumar’s payment package was £ 137, his realized salary was £ 70 crore, as the PSUs granted this year were set only in the future, subject to the satisfaction of the performance criteria. Here is what it said: “The Compensation Committee evaluated the performance of Mr. Kumar during the meeting in February 2024 and the updated information provided by Payment Management for CEOs in the company’s peer group. On the basis of these considerations, the Compensation Committee must determine that Mr. Kumar’s target directive for 2023 should be increased in its first year and to contribute his first year and to reflect his actions in the first year, and to reflect his actions in the first year. The ratio of Cognizant’s CEO-to-Media employee in 2024 is especially 378: 1, the filing has shown-that is, Ravi Kumar earns 378x more than the average employees of the IT major. Until December 2024, Cognizant had about 3.36,800 global employees, including 2.41,500 in India and another 42,800 in North America. First Published: 21 Apr 2025, 1:37 IST