From IIT Alumnus to $264 Million CEO: The Remarkable Journey of Anirudh Devgan in the Tech World!
Anirudh Devgan is a distinguished computer scientist and a graduate of the esteemed Indian Institute of Technology (IIT), Delhi. Presently, he holds the position of CEO at Cadence Design Systems, a leading software company with a market capitalization exceeding Rs 5,17,000 crore ($62.14 billion).
Raised on the grounds of IIT campus, where his father served as a professor, Anirudh Devgan chose to diverge from academia and pursue a career in the corporate world.
Within the scope of his professional endeavours, Anirudh Devgan’s journey began at IBM, where he developed his expertise over a period of more than ten years through various areas of research and management responsibilities. His next important chapter came during his six-year stint at Magma Design Automation, further expanding his industry insight. However, it was his trajectory in cadence that displayed his remarkable dominance. In 2017, he was assigned the role of President within the organization, a significant step that paved the way for his next appointment as CEO in December of 2021. This elevation to the CEO position places Anirudh Devgan among the esteemed elite of Indian CEOs. Leading the major US technology corporations, a group that includes heavyweights such as Microsoft’s Satya Nadella, Google’s Sundar Pichai, Arista’s Jayshree Ullal and IBM’s Arvind Krishna.
Anirudh Devgan’s annual base salary as CEO was $725,000, complemented by an ambitious target bonus equal to 125% of his base earnings. His leadership was recognized through the allocation of stock options, an investment in his vision and capabilities, and an impressive $15 million as part of his promotion. As a testimony to his significant achievements, Anirudh Devgan was honored with the prestigious Phil Kaufman Award in 2021, a recognition that cemented his status as a notable figure in the industry.
As per media reports for the year 2022, the compensation package of Anirudh Devgan as the President and CEO of Cadence was around Rs 2,201 crore ($264 million). This substantial figure reflects not only his financial impact on the growth and success of the organization, but also his strategic acumen in understanding the complex landscape of the technology sector.
In short, Anirudh Devgan’s journey from early education in Delhi Public School to his leadership roles in leading technology enterprises is a testimony to his unwavering dedication, extraordinary academic and professional achievements and his influential position as an Indian-origin CEO. American Technical Domain. His is a story of diligence, perseverance and visionary leadership that marks him as a true trailblazer in his field.