Forty-nine-year-old NV ‘Tiger’ Tyagarajan, who succeeded Pramod Bhasin as the CEO of India’s largest

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BPO firm Genpact, will be getting a cash compensation of up to $1.35 million (Rs 6 crore approximately) annually as part of a new employee agreement inked last week.

As per the agreement, Tyagarajan will have an annual base salary of a minimum $600,000 and an annual bonus equal to 125 per cent of the base salary that is $750,000. Tyagarajan’s base salary has been hiked by 32 per cent from $454,000 (2010) while the previous cash bonus was 100 per cent of his base salary.

However, his 2010 bonus was around $721,000 — exceeding the maximum set forth in his employment agreement.

Equity grants help bump up the total compensation. Tiger, who was earlier the chief operating officer of the BPO firm, raked in around $1.17 million in cash compensation (base salary and bonus) in 2010, $1.34 million in 2009 and $1.19 million in 2008. But add the share as well as option awards, the total figure crosses $2 million each time. Tyagarajan’s compensation seems to be in line with what executives at other pure-play BPO firms get.

Mumbai-based Keshav R Murugesh, Group CEO, NYSE-listed WNS Holdings, in fiscal 2011 took home around $1.17 million.

Prashant Ranade, who joined as CEO and president of Syntel from February 2010, took home a total cash compensation to $1.26 million in 2010.

In Nasdaq-listed EXL, Rohit Kapoor, president and CEO, has an annual base salary of $500,000. In 2010, the 46-year old Kapoor received $459,837 as cash bonus, bringing his cash payout to around $1 million.