Cognizant Technology Solutions said its CEO Ravi Kumar S realised $10.7 million in compensation in 2025, up more than 30% from $8.2 million in 2024, based on US SEC filings. The jump highlights how executive pay can surge year over year even as market expectations and business performance remain under close scrutiny.
Rajeev Jain, Managing Director of Bajaj Finance, topped the FY25 list of best-paid NBFC CEOs with a package exceeding Rs 65 crore, including ESOPs valued at around Rs 40 crore. Arvind Kapil of Poonawalla Fincorp ranked second. Among bankers, HDFC Bank’s Sashidhar Jagdishan led with pay above Rs 12 crore.
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The Finance Minister has updated the Companies Act to modernise executive pay rules. Companies can now recognise employee reward instruments like restricted stock units and stock appreciation rights, moving beyond the traditional ESOP model. The shift is designed to give firms more flexibility to attract and retain talent, while aligning pay structures with current market practices.
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