BANGALORE: Indian giant e-tailer, Flipkart, is trying hard to sustain the leading position in the nation against rival Amazon by shelling out millions to a bunch of engineers and a strategy expert. These professionals reportedly have been tracked down from globally renowned firms, Google and McKinsey, repots TOI.

Puneet Soni from Google is the newly hired employee by the Indian ecommerce giant. Soni would work as a chief product officer while Peeyush Ranjan, joined through web search titan, would head the engineering department. According to the sources form the company, Flipkart is shelling out around $1 million to each of these professionals along with $3-6 million in stock options.

In addition to this, Saikiran Krishnamurthy, ex-McKinsey & Co employee, joined Flipkart’s commerce division recently as a chief operating officer is reportedly being paid a similar salary package.

This salary package would place these recent hires at Flipkart as the highest paid engineers and non-board level executive in the Indian startup era and even in India Inc. Not many firms in India pay similar packages to division heads and apparently these kinds of packages are drawn by CEOs.

Exploring through the salary figures, Wipro CEO earned $1.1 million eliminating stock option for the year 2013-14. N Chandrasekaran, TCS chief, earned around $3.15 million whereas Francisco D'Souza, CEO at Cognizant was paid $1.5 million excluding stock options. Even Vishal Sikka, Infosys, took home $5.08 million.

In an attempt to tempt the skilled professionals, Flipkat said, it decided to shell out million dollar salary where the recent hire are from the Silicon Valley.

A source familiar to the recent hire said, “Fixed salary apart, stock options and joining bonuses are an effective tool to attract such talent to relocate from the Silicon Valley”. Flipkart is leaving no stone unturned to spar against Amazon and Snapdeal in technology and innovation.

Anandorup Ghose, Aon Hewitt, said, "E-commerce top hiring is similar to how retail looked in 2000 and telecom during 2003-04. New capabilities have to be built, but these salaries are not sustainable,"

Flipkart, however, denied to unveil anything on the details and referred the figures might be inaccurate.

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