Ravi Kumar Singisetti, CEO of Cognizant, became the highest-paid executive in India’s IT sector, receiving $22.56 million in compensation last year. This included a substantial one-time stock reward. Singisetti’s compensation, constituting 0.11% of Cognizant’s revenue, surpassed other IT CEOs. Notably, his pay was 556 times the median salary of Cognizant employees. Despite this, Cognizant faced challenges, with revenue declining slightly and operating margin decreasing. Singisetti’s compensation coincided with efforts to enhance profitability, including a reduction in the workforce by 1%.