New Delhi: Sundar Pichai will receive an annual package of Rs 1718 crore ($ 242 million) after Alphabet becomes CEO. Pichai was recently appointed as CEO of Google's parent company Alphabet. With this, the basic salary of Pichai has been increased by 200 percent. The new salary package will come into effect from January 1, 2020.

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Pichai will receive $ 2 million (Rs 14.2 crore) as a basic salary next year. At the same time, $ 24 million (Rs 1704 crore) will be available as a stock option. Out of $ 24 million, the $ 120 million stock award will be received in quarterly installments. In 2018, Pichai received a basic salary of Rs 4.6 crore as Google CEO, now it has increased by 200 percent. In 2018, Pichai received a total of $ 19 lakh (Rs 135 crore) in salary.

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It had a basic salary of $ 6.5 million (Rs 4.6 crore). According to Fox News, if Sundar Pichai works 40 hours a week, his hourly salary would be $ 2,25,961, which is about Rs 1.60 crore. However, the salary and allowances that Sundar Pichai received were much lower in proportion to Apple CEO Tim Cook and Microsoft founder Satya Nadella.

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