Pay gap: Indian CEOs earn up to 1,200 times more than the average employee

TCS saw the ratio between top-paid executive pay & median employee remuneration rise to 515 times

A huge pay gap between CEOs and other employees at Indian companies has come to the fore, with the biggest listed blue-chip firms doling out to their top executives salary packages of up to 1,200-times of their median employee remunerations.

An analysis of remuneration disclosures made by top listed companies forming part of the blue-chip index Sensex - under directions of the capital markets regulator Sebi -- shows that the pay packages of senior-most personnel such as CEOs and executive chairmen continue to remain high and rose further at most private sector firms during 2016-17.

On the contrary, the median employee