BANGALORE:  CEO’s in India are the key element for a company’s growth, their involvement for the betterment of the company is vast and so is their salary. Recently appointed, the Infosys CEO, Vishal Sikka will be the highest paid IT CEO in India to get an annual salary of upto $5.08 million (around 30 crore).

Sikka will get a $9, 00,000 in base salary and $4.18 million in variable pay, as company told to Bombay Stock Exchange and along with that Sikka will enjoy $2 million in stock options, and that entitles him on the top list of the well-paid CEO’s in India.

Sikka, a US-Indian, was earlier working at SAP, a German software company; he was earning $5.75 million inclusive of salaries and other incentives.

According to a Anirudh Sethi report, “Sikka has been brought in at a time when Infosys needs to see immediate results and so I am sure his compensation is closely linked with the company’s fortunes,” said the head of a leading human resource consultancy on condition of anonymity. “Since Sikka is coming from a global company, he would have easily agreed on a higher variable and performance-linked remuneration, because that is how things work there.”

Sikka will be the highest paid CEO in India with taking around 34 crore annually. Previously N. Chandrasekaran of TCS was on the top list of highest paid CEO’s with 18.68 crore annualy until March 2014, as per the reports from Live Mint.

However, other CEO’s, such as T.K. Kurien made 6.55 crore in 2013-14, iGate’s Ashok Vemuri worth 16.2 crore in the last fiscal.

Sikka will start his venture as a CEO of Infosys from August 1, replacing Shibulal and adding silver lining to his achievement, he will be the first non-founder CEO of IT sector.