Tata Consultancy Services (TCS) managing director and CEO K Krithivasan received a remuneration of Rs 26.52 crore in financial year 2024-25. This marked a 4.6% increase over the previous fiscal, the company’s annual report released on Tuesday showed.
Krithivasan’s pay continues to remain significantly lower than that of his peers in the country’s top IT firms for FY24. For instance, HCLTech CEO C Vijayakumar earned Rs 84.2 crore, Infosys’ Salil Parekh took home Rs 66.2 crore, and Wipro’s Srini Pallia earned around Rs 53 crore in FY24. These companies are yet to release their annual reports for FY25.
Krithivasan’s FY25 package comprised a base salary of Rs 1.39 crore, Rs 2.13 crore in benefits, perquisites and allowances, and a commission of Rs 23 crore. His total remuneration stood at nearly 330 times the median salary of TCS’s 607,979 employees, which saw a 6.3% increase in FY25.
The annual report also highlighted remuneration figures for other key managerial personnel. Newly appointed chief operating officer Aarthi Subramanian, who replaced NG Subramaniam following his retirement in May 2024, will draw a monthly salary of Rs 10.8 lakh, with the possibility of scaling up to Rs 15 lakh per month effective May 1. NG Subramaniam earned Rs 11.55 crore in FY25, compared to Rs 26.2 crore in FY24. Following his retirement from TCS in May 2024, he was appointed the chairman of Tata Communications.
Chief financial officer Samir Seksaria received a 7.8% increase in remuneration for FY25. The company said that while the average annual increase in employee pay ranged from 4.5%-7%, after accounting for promotions and other event-based revisions, the overall hikes landed in the 5.5%-7.5% range. As many as 110,000 employees were promoted during the year, and top performers within India received double-digit hikes.
The report also noted that employees outside India received a wage increase between 1.5% and 6%, and that performance pay continues to be closely tied to the company’s and individual performance. While TCS traditionally implements wage hikes from April 1, the FY26 hike cycle has been delayed, with raises expected to be rolled out in alignment with the evolving business environment.