Prior to his tenure as CEO, C Vijayakumar held various positions at HCL.
In India, there are numerous employees, particularly in the IT industry, who earn lakhs per day or crore per month. One individual fitting this description is C Vijayakumar, a highly paid executive among Indian IT firms. He serves as the CEO and Managing Director of HCL Tech, a global technology company with a valuation of USD 11.79 billion.
According to Financial Express, Vijayakumar earned USD 16.52 million (Rs 131.08 crore) in 2022, which includes long-term incentives. This makes him the highest-paid executive among IT firms in India. On July 20, 2022, Vijayakumar assumed the position of managing director following the decision of HCL founder Shiv Nadar to step down.
C Vijayakumar’s Salary
As per HCL’s annual report, Vijayakumar’s salary for the previous financial year comprised USD 2 million as base salary, USD 2 million as variable pay, and USD 0.02 million in perquisites and other benefits. In total, he received USD 4.13 million as a salary.
Vijayakumar joined HCL in 1994 as part of the core team responsible for designing and implementing India’s first fully automated trading network at the National Stock Exchange. Prior to becoming CEO, he held various positions at HCL. Currently, he also serves as a Board Member of the US-India Business Council.
Although he was born in Tamil Nadu, Vijayakumar currently resides in New Jersey, USA. He completed his schooling at The Lawrence School in Lovedale, Ooty. He holds a bachelor’s degree in Electrical & Electronics Engineering from PSG College of Technology, Tamil Nadu (1986 to 1990). Vijayakumar was recognized as the Best CEO of the Year 2020 in the IT/ITES Industry by Business Today.
According to the company’s annual report, “Mr Vijayakumar, Chief Executive Officer, did not receive any remuneration from the company. However, he received $4.13 million (equivalent to ₹ 30.60 crores) as remuneration from HCL America Inc., a wholly-owned step-down subsidiary of the company, during the financial year 2020-21.” His remuneration remained unchanged during FY 2021-22.