Who Were The 101 Highest-Paid Channel Execs In 2016?

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24. Prashant Ranade, Syntel: $4.55M

Position: Co-Chairman

Stock Award: $4.03M

Salary: $473,000

Bonus: $37,000

Other Compensation: $10,000

Ranade joined Syntel's board of directors a decade ago, and served as the company's president and CEO from February 2010 to April 2014. He was elevated to co-chairman of Syntel's board in November 2016.

The fiscal year for Syntel, No. 38 on the CRN SP 500, ended Dec. 31, with sales for the Troy, Mich.-based company dipping 0.2 percent to $966.6 million and a net loss of $57.4 million, down from net income of $252.5 million last year. Syntel's stock nosedived by 55.5 percent during the 2016 calendar year to $19.79 per share. 

Other compensation for Ranade included $8,000 for the cost of providing a car and driver, $1,000 in premiums for medical, accidental death, and life insurance coverage, as well as a payment to a defined contribution plan and club membership fees.