One of my friend works in Microsoft. Another in Oracle. Former is in Tech role, latter in management.
Both reported figures in this range. This is overall compensation including stocks. I was told, one can get in this range 1 Cr+ even upto 1.5 Cr INR, for high profile companies.
You are welcome to correct my understanding, if you know of counter examples.
Edit: I guess, the MNCs need to ensure some sort of pay parity between roles in different countries. And there has been lots of upwards pressure (to increase pay) in the past 3/4 years.