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Mint
13 minutes ago
- Mint
Who is HCL Tech's Vijayakumar? Here's how much India's top-paid IT CEO earns
HCL Tech CEO Vijayakumar has become the highest-paid Indian IT CEO, surpassing $10 million in earnings, much higher than his peers. He received ₹ 94.6 crore during the 2024-25 financial year. C. Vijayakumar was appointed CEO of HCL Technologies in October 2016. He holds a bachelor's degree in electrical and electronics engineering from PSG College of Technology in Tamil Nadu, India. In 1994, he joined HCL Comnet, a wholly owned subsidiary of HCL Technologies, as a senior engineer. As part of the founding team, he played a key role in establishing the Remote Infrastructure Management proposition.
India Today
43 minutes ago
- India Today
HCLTech CEO earned Rs 95 crore: Here are India's highest-paid IT bosses
HCLTech's C Vijayakumar has become the highest-paid CEO among Indian IT firms for the financial year 2024– total annual pay stood at Rs 94.6 crore. Vijayakumar, who is based in the United States, received a base salary of Rs 15.8 crore, a performance-linked bonus of Rs 13.9 crore, restricted stock units (RSUs) worth Rs 56.9 crore, and an additional bonus of Rs 1.7 to the company's annual report, Vijayakumar's pay rose 7.9% from the previous comparison, the average salary increase for HCLTech employees (excluding top-level managers) was 3.1%. His total earnings were 662.5 times the median pay of the company's employees in the same report also said that the HCLTech board has approved a further hike in his pay to $18.6 million, or about Rs 154 crore, for the current financial year. His new term as CEO and managing director will begin on September 1, 2025, and continue till March 31, GROWTH UNDER HIS LEADERSHIPUnder Vijayakumar's leadership, HCLTech has seen steady growth over the past nine years. From financial year 2016 to 2025, the company posted a 9.3% revenue compound annual growth rate (CAGR), which was the highest among its peers. Its EBIT (earnings before interest and tax) CAGR stood at 8.1%, the second best among competitors, while its net income CAGR was 6.9%.The company also saw a sharp rise in high-value clients. The number of clients bringing in over $100 million in revenue grew from 8 in FY16 to 22 in FY25. Clients in the $50 million category increased from 19 to 52, while $20 million clients rose from 75 to credited this rise to Vijayakumar's focus on a client-first strategy, an integrated go-to-market approach, and a strong vertical-led structure. 'This approach improved client alignment, agility, and responsiveness,' the company said in its OF OTHER IT CEOSWhile Vijayakumar leads the pay chart, other top IT CEOs in India have also seen healthy CEO K Krithivasan earned Rs 26.5 crore for the financial year 2023–24. This marked a 4.6% increase from his previous year's CEO Salil Parekh received a 22% jump in his salary, taking his total compensation to Rs 80.6 new CEO, Srinivas Pallia, who took charge in April last year, received Rs 53.6 crore in his first year. Since this was his debut year, there is no previous figure to also reported a 17.6% increase in the median pay for its employees during the financial year. HCLTech currently has 1,67,316 permanent employees. Apart from this, there are 56,104 people working with its Roshni Nadar said in the report that while the global outlook remains uncertain, the company will focus on adapting to new opportunities and staying prepared for changes, especially those driven by artificial intelligence. 'Technology evolution, driven by AI, is accelerating, and the IT services industry is at an inflection point,' she said.- Ends advertisement
News18
an hour ago
- News18
HCLTech CEO Salary: C Vijaykumar Earns Rs 94.6 Cr For FY 2024-25, Highest Paid Indian IT CEO
Last Updated: HCLTech CEO C Vijaykumar is India's highest-paid IT head with a Rs 94.6 crore package for FY 2024-25. HCLTech reported Rs 117,055 crore revenue and Rs 17,390 crore PAT. HCLTech CEO Salary: HCLTech CEO C Vijaykumar is the highest-paid IT head in India with a whopping package of Rs 94.6 crore for the financial year 2024-25. His package outlasted other IT companies' CEO, including TCS's Krithivasan (Rs 26.5 crore), Infosys's Salil Parekh (Rs 80.6 crore), Tech Mahindra's Mohit Joshi (Rs 53.9 crore), and Wipro's Srini Pallia (Rs 53.6 crore). Vijaykumar's pay package included a base salary of Rs 15.8 crore, a performance-linked bonus of Rs 13.9 crore, long-term restricted stock units (RSUs) worth Rs 56.9 crore, and an additional bonus of Rs 1.7 crore, according to a report of Times of India. The TOI report added that C Vijayakumar received a 7.9% salary hike in FY2024–25, while the average raise for employees (excluding managerial personnel) stood at 3.1%. His remuneration was 662.5 times the median employee salary during the year. The Board, based on recommendations from the Nomination and Remuneration Committee (NRC), has approved his re-appointment as CEO & MD of HCLTech for a fresh term starting September 1, 2025, and ending on March 31, 2030. The TOI report added that the Board has hiked his compensation by 71 per cent to $18.6 million (around Rs 154 crore) for the financial year 2025-26. 'The revised compensation acknowledges C. Vijayakumar's successful and long-tenured leadership as CEO, recognizing his significant contributions to the company's growth and sustained performance over the years." Despite macroeconomic uncertainty, HCLTech produced a solid financial performance in FY24. The company's revenue of Rs 117,055 crore represented a 6.5% increase from the previous year. EBIT increased 7% from the prior year to Rs 21,420 crore, while profit after tax (PAT) increased 10.8% to Rs 17,390 crore. Effective cost control and operational efficiency are reflected in the EBIT margin, which stayed steady at 18.3%. With revenue from IT and business services reaching Rs 86,438 crore and engineering and R&D services contributing Rs 18,960 crore, HCLTech's services division drove the expansion. Resilience was also demonstrated by the software sector, which brought in Rs 12,049 crore, a 5.2% increase over the prior year. The company demonstrated strong client confidence by signing 66 large deals with a total contract value of $9.3 billion during the year. HCLTech also announced dividends of Rs 60 per share, which is one of the highest payout ratios in the industry and represents 93.5% of its net income. view comments First Published: 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.
