
Techies write to govt as TCS delays onboarding of 600 lateral hires
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Technology professionals have written to the government against Tata Consultancy Services (TCS) for alleged delay in onboarding 600 experienced lateral hires.This comes days after several TCS employees filed legal complaints against its new bench policy which allows only 35 annual days without being deployed in a project, ET has reported. The Nascent Information Technology Employees Senate (NITES), an employee welfare body, in a letter to the Union Labour Minister Mansukh Mandaviya dated 22 July, said that the affected individuals, who had received formal job offers from TCS, were left in the lurch after the company indefinitely postponed their joining. ET has seen a copy of the letter.Many of these professionals, with experience ranging from two to eighteen years, had already resigned from their previous roles and made personal and financial commitments based on the promised joining dates.According to the letter, candidates from across major cities such as Bengaluru, Hyderabad, Pune, Kolkata, Mumbai, and Delhi were impacted.Upon reporting to TCS on their scheduled joining dates, they were informed of an indefinite delay with no further communication, revised timelines, or assurances provided since.The employees' rights body said the delay has left these professionals jobless and financially vulnerable, struggling to meet EMIs, rent, and household expenses."Beyond the financial strain, the emotional and psychological distress caused by this sudden state of uncertainty is deeply worrying," said Harpreet Singh Saluja, president of NITES and an advocate at the Bombay High Court. "Every day, we receive desperate calls and emails from professionals who feel abandoned and deceived.""We can confirm that, as always, TCS is committed to honour all offers we have made, whether it is to freshers or experienced professionals. Everyone who has received an offer from TCS, will be onboarded. The joining dates are decided as per business demand and in some cases, they do get adjusted to meet our business needs. We remain in continuous touch with all candidates in these cases and look forward to them joining our company soon," TCS said in response to ET's queries on the issue.In its letter, NITES urged the labour ministry to direct TCS to provide a time-bound commitment regarding the onboarding of the affected hires.The organisation also demanded compensation for the duration of the delay, access to TCS's Employee Assistance Program (EAP) to support mental health, and consideration of alternative roles within the company for those impacted.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
3 hours ago
- Mint
HCLTech CEO C Vijayakumar earns $10.85 mn in FY25; more than TCS, Infosys heads
New Delhi, Aug 2 (PTI) HCLTech CEO C Vijayakumar earned USD 10.85 million (about ₹ 94.6 crore) in the financial year 2024-25, making him one of the highest-paid executives in the Indian IT sector and surpassing the earnings of chiefs at larger rivals TCS and Infosys. The company's board has also approved an over 71 per cent increase in his current remuneration to USD 18.6 million (about ₹ 154 crore) for the next financial year, according to the company's annual report. Vijayakumar's FY25 compensation places him ahead of his peers at India's top two IT firms. For the same period, TCS CEO K Krithivasan's remuneration was ₹ 26.52 crore, while Infosys CEO Salil Parekh earned ₹ 80.62 crore. Vijayakumar's earnings also topped those of Wipro CEO Srinivas Pallia (USD 6.2 million or about ₹ 53.64 crore) and Tech Mahindra CEO Mohit Joshi ( ₹ 53.9 crore). According to HCLTech's annual report, Vijayakumar's total remuneration in the fiscal year ended March 31, 2025, comprised a base salary of USD 1.96 million and a performance-linked bonus of USD 1.73 million. The largest portion of his earnings came from long-term incentives, with exercised Restricted Stock Units (RSUs) valued at USD 6.96 million. An additional USD 0.20 million was provided in benefits and perquisites. Vijayakumar, who took over as the CEO in 2016, is based in the US and draws his remuneration from HCL America Inc., the firm's wholly-owned US subsidiary. "Under C. Vijayakumar's leadership, HCLTech's market capitalisation has increased from ₹ 1,15,000 crore on March 31, 2016, to ₹ 4,32,000 crore on March 31, 2025, reflecting a growth of 3.8 times since FY16. Over the same period, the market capitalisation of the other four leading Indian listed IT services firms among the top five has grown by approximately 2.5 times," the company said. The company's board has approved a revised remuneration package for Vijayakumar, effective April 1, 2025. The proposed annual salary is set at USD 18.6 million, marking a 71 per cent increase from his FY25 earnings. The proposed structure significantly increases both fixed and performance-linked components. "The revised compensation acknowledges C Vijayakumar's successful and long-tenured leadership as CEO, recognising his significant contributions to the company's growth and sustained performance over the years," the report said. HCL Technologies posted a 9.7 per cent drop to ₹ 3,843 crore in consolidated net profit for the June quarter, hurt by higher expenses and one-time impact of a client bankruptcy, but raised the lower end of revenue growth outlook for the full fiscal to 3-5 per cent (from 2-5 per cent earlier) on booking expectations in coming quarters. Shares of HCLTech settled 0.98 per cent lower at ₹ 1,452.95 apiece on the BSE on Friday.


News18
3 hours ago
- News18
HCLTech CEO C Vijayakumar earns $10.85 mn in FY25; more than TCS, Infosys heads
Agency: New Delhi, Aug 2 (PTI) HCLTech CEO C Vijayakumar earned USD 10.85 million (about Rs 94.6 crore) in the financial year 2024-25, making him one of the highest-paid executives in the Indian IT sector and surpassing the earnings of chiefs at larger rivals TCS and Infosys. The company's board has also approved an over 71 per cent increase in his current remuneration to USD 18.6 million (about Rs 154 crore) for the next financial year, according to the company's annual report. Vijayakumar's FY25 compensation places him ahead of his peers at India's top two IT firms. For the same period, TCS CEO K Krithivasan's remuneration was Rs 26.52 crore, while Infosys CEO Salil Parekh earned Rs 80.62 crore. Vijayakumar's earnings also topped those of Wipro CEO Srinivas Pallia (USD 6.2 million or about Rs 53.64 crore) and Tech Mahindra CEO Mohit Joshi (Rs 53.9 crore). According to HCLTech's annual report, Vijayakumar's total remuneration in the fiscal year ended March 31, 2025, comprised a base salary of USD 1.96 million and a performance-linked bonus of USD 1.73 million. The largest portion of his earnings came from long-term incentives, with exercised Restricted Stock Units (RSUs) valued at USD 6.96 million. An additional USD 0.20 million was provided in benefits and perquisites. Vijayakumar, who took over as the CEO in 2016, is based in the US and draws his remuneration from HCL America Inc., the firm's wholly-owned US subsidiary. 'Under C. Vijayakumar's leadership, HCLTech's market capitalisation has increased from Rs 1,15,000 crore on March 31, 2016, to Rs 4,32,000 crore on March 31, 2025, reflecting a growth of 3.8 times since FY16. Over the same period, the market capitalisation of the other four leading Indian listed IT services firms among the top five has grown by approximately 2.5 times," the company said. The company's board has approved a revised remuneration package for Vijayakumar, effective April 1, 2025. The proposed annual salary is set at USD 18.6 million, marking a 71 per cent increase from his FY25 earnings. The proposed structure significantly increases both fixed and performance-linked components. 'The revised compensation acknowledges C Vijayakumar's successful and long-tenured leadership as CEO, recognising his significant contributions to the company's growth and sustained performance over the years," the report said. HCL Technologies posted a 9.7 per cent drop to Rs 3,843 crore in consolidated net profit for the June quarter, hurt by higher expenses and one-time impact of a client bankruptcy, but raised the lower end of revenue growth outlook for the full fiscal to 3-5 per cent (from 2-5 per cent earlier) on booking expectations in coming quarters. Shares of HCLTech settled 0.98 per cent lower at Rs 1,452.95 apiece on the BSE on Friday. PTI ANK RHL RHL view comments First Published: August 03, 2025, 01:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


Economic Times
5 hours ago
- Economic Times
EAM Dr S Jaishankar, NSA Doval plan trips to Russia this month
Synopsis India is reinforcing its longstanding relationship with Russia, planning high-level visits to Moscow despite pressure from the US to reduce oil imports. National Security Advisor Ajit Doval and External Affairs Minister S Jaishankar will discuss defense collaboration, regional issues, Arctic cooperation, and increased trade. ANI External Affairs Minister S Jaishankar New Delhi: India is keeping its ties with Russia steady with high level visits planned to Moscow this month amid US President Donald Trump's demand asking to reduce oil imports from Russia and threatening penalties if New Delhi failed to do Security Adviser Ajit Doval and External Affairs Minister S Jaishankar are planning Moscow trips this month, ET has learnt. While Doval could visit Moscow in early part of this month, Jaishankar is planning a trip to Russia mid-August, it has been further defence industry collaboration besides regional situation will be big on the agenda when Doval meets his Russian counterpart, according to persons familiar with the are reports that India is looking to purchase additional S-400 defence systems which had contributed to India's success during Operation Sindoor. India also plans to have MRO facilities for S-400 here. There are also unconfirmed reports that India is exploring purchase of Su-57 fighter jets from in the resource rich Arctic region and increasing Indian exports to Russia will figure high on the agenda when Jaishankar meets his counterpart Sergey Lavrov besides First Deputy Prime Minister Denis Manturov. On Friday while defending ties with Russia MEA spokesperson Randhir Jaiswal said, "India and Russia have a steady and time-tested partnership." "Our bilateral relationships with various countries stand on their own merit and should not be seen from the prism of a third country."India will host the next edition of the annual India-Russia summit this year that will enable President Vladimir Putin to travel to New Delhi for the first time since industry ties, energy ties in the backdrop of recent EU sanctions, civil nuclear partnership, Arctic cooperation besides joint roadmap for cooperation in the high-tech sector will be on the agenda of the Summit, ET had reported last monthFood security could also be on the agenda of the Summit. Putin recently mentioned following Modi's direct request, Russia increased exports of fertilisers to other issues, Russia wants India to increase its presence in a big way in the resource rich Arctic region and earmark a second site for the nuclear power plant even as it has established its presence in the Small Modular Reactor workforce is increasing in the Russian construction and textile sector and a formal agreement on manpower could be inked during the summit.