iGATE to reward CEO Ashok Vemuri with over Rs 1 cr in performance bonus

Feb 11 2014, 01:25 IST
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Vemuri, who joined the firm in September last year, will get $28,000 in recognition of his strategic initiatives. Reuters Vemuri, who joined the firm in September last year, will get $28,000 in recognition of his strategic initiatives. Reuters
SummaryAshok Vemuri joined iGATE in Sept last year, will get $28,000 in recognition of his strategic initiatives.

Within six months of joining iGATE as CEO, Ashok Vemuri will get a performance bonus of $175,000 (about R1.10 crore) for his strategic initiatives, which helped the US-based outsourcer grow revenues by over 10% in the December quarter.

Vemuri, who joined the firm in September last year, will get $28,000 in recognition of his strategic initiatives and speed of implementation during 2013, iGate said in a filing to the SEC. This is in addition to the annual performance-based incentive of $147,000, it added.

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