Cognizant, an IT giant, is facing criticism for offering freshers a low salary of ₹2.52 lakh per annum while its CEO, Ravi Kumar Singisetti, earned a staggering ₹186 crore in 2023.
Singisetti, who became CEO in January 2023, received a significant one-time stock reward of ₹169.1 crore, making him the highest-paid CEO in India’s IT sector. His pay is 556 times the median salary at Cognizant, sparking outrage over the stark pay disparity between top executives and entry-level employees.