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Wednesday, July 1, 2015

Infosys, Wipro Created 183 Crorepatis In Last One Year

Infosys has created the largest pool of employees who earn over 1 crore in yearly salary, followed by rival Wipro Technologies.

113 Employees at Infosys were in the Rs 1 crore level this year, compared with just 18 the year before. This is the sharpest rise among all IT companies, and come as Infosys is trying to regain its bellweather status under CEO Vishal Sikka who was appointed in May 2014.

Wipro had 70 employees in the crorepati segment, compared with 38 last year.

The two companies filed salary information under the Companies Act under section 217(2A)which makes it mandatory for all listed firms to disclose names of India-based employees earning salaries of Rs 60 lakh or above.

The pay includes bonuses and other payouts linked to meeting certain targets.

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