Additionally, based on fiscal 2016 performance, Rao will get 27,250 restricted stock units (RSU) and 43,000 stock options, vested over a period of 4 years.
Apart from Ranganath, the compensation structure of Mohit Joshi (Head of the Financial Services), Sandeep Dadlani (Head of Americas), Rajesh K Murthy (Head of Europe), Ravikumar S (Chief Delivery Officer), David Kennedy (Chief Compliance Officer), Krishnamurthy Shankar (Group Head of Human Resource Development) and Manikantha AGS (Company Secretary) have also been revised with effect from November 1, 2016.
“The revised aggregate compensation of the above individuals includes fixed compensation of Rs 24 crore and variable compensation of up to Rs 20 crore,” it said.
Additionally, based on fiscal 2016 performance, restricted stock units (RSU) of 2,45,750 and stock options of 5,02,550 will be granted on November 1, 2016, it added.
