Success Story of an Indian-Origin CEO getting highest pay package .

-Dr. Virendra Tatake

What can be the highest pay package  that a CEO of a company can have?  One crore rupees?  Ten crore rupees?  One hundred crore rupees?  One thousand crore rupees?  Ten thousand crore rupees? ...... Your guess is wrong! 

There is a person  whose annual pay package  is  Rs. Seventeen Thousand Five Hundred Crore !  And it is more important to us that the person is of Indian origin .  The highest paid person in the world is Jagdeep Singh!  Jagdeep Singh is the CEO of Quantum-Scape.  

He has now been added to the list of people of Indian descent who hold top positions in many companies around the world.E

A native of India, Jagdeep Singh holds a degree in Computer Engineering from the University of Maryland.  He then completed a master's degree in engineering from Stanford University and an MBA from the University of California.  

After completing his education, he held positions of responsibility in various companies as well as participated in many companies.  In the year 2010, a company called Quantum-Scape was formed under his initiative.  This company is working in the field of battery production of electric cars.  The use of electric cars, considered the 'car of the future', has increased worldwide in the last few years.  Governments in various countries are also promoting the use of electric cars to curb pollution.  The company was set up keeping in mind that there is a huge scope for research in this field.  The company is researching ways to extend the life of lithium batteries used in electric cars, and to find better, cheaper, and more durable alternatives.  The company's motto is to revolutionize the field by surprisingly increasing the battery capacity of electric cars.

Notably, Volkswagen, an automobile company, and Bill Gates, an IT giant, have investments in the company.

Jagdeep Singh has been instrumental in the progress of the Quantum-Scape company so far.  Many have raised eyebrows after receiving such a huge package, but the management of the company, while explaining the role behind it, said that we always set very difficult goals and we are constantly encouraging the people concerned to achieve them.  Jagdeep Singh's big package is considered to be a part of that incentive.  The pay hike was also approved at the company's recent annual general meeting of shareholders.

Of course, Jagdeep Singh will have to prove himself in the years to come. Let’s  wish Jagdeep Singh and his team all the best for the revolutionary work that will benefit all electric car manufacturers around the world.

Blog by:

Dr. Virendra Tatake

Director

Indira Global Business School, Pune. 

Email-

director@indiragbs.edu.in