C P Gurnani

Employees will need prior permission; no-tolerance policy will be followed if they hide, he adds

Profit was up sequentially, however; Revenue rose 20.7% YoY and 3.3% QoQ, driven by growth in CME segment and the US market

Tech Mahindra managing director and chief executive CP Gurnani's remuneration for FY22 jumped 189 per cent to Rs 63.4 crore, the fifth-largest IT exporter said on Wednesday. In its annual report for the fiscal, Tech Mahindra said Gurnani's remuneration, including salary, stock compensation benefits and post-employment benefits was Rs 21.9 crore in the year-ago period. Among Gurnani's peers, TCS chief Rajesh Gopinathan saw a 26 per cent rise in his compensation to Rs 25.75 crore in FY22, while Infosys' Salil Parekh witnessed a 43 per cent jump to Rs 71.02 crore. Gurnani's salary was 1,188.74 times the median salary of Rs 5.27 lakh in Tech Mahindra. The median salary declined by 1.04 per cent during the fiscal. Shareholders of the company will be voting on a proposal to re-appoint Gurnani for over one year at the company's forthcoming AGM, the annual report said. The current term of Gurnani, who has been at the helm since 2012, expires in August and will be retiring on December 19,

In an interview with Business Standard's Surajeet Das Gupta, Tech Mahindra's CEO and Managing Director CP Gurnani shared his company's plans for growth amid the ongoing uncertainty caused by Covid-19

"There is definitely a skill war, or a talent war going on," said Gurnani

The company's MD & CEO C P Gurnani and president (BFSI, HLS and corporate development) Vivek Agarwal talk to Shivani Shinde on the business momentum and M&A pace

"Huawei continues to remain our customer. But they are going through their own cycle, in terms of the US (sanctions) and Covid-19 impact," said TechM's CFO Manoj Bhat

India has spent only 0.3 per cent (of the GDP) and the World Bank has suggested the countries to spend up to 6-7 per cent, said Gurnani

Opportunities are there and industry would also need to partner in creating new skills, says Gurnani

Interview with MD & CEO, Tech Mahindra