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News18
6 days ago
- Business
- News18
TCS CEO Salary: K Krithivasan Receives Rs 26.52 Crore in FY25, Up 4.6% From Previous Year
Last Updated: K Krithivasan's compensation includes a salary of Rs 1.39 crore, up from Rs 1.27 crore in the prior year, along with Rs 2.12 crore in benefits, perquisites, and allowances. K Krithivasan, CEO and MD of India's largest IT services firm Tata Consultancy Services (TCS), earned a total compensation of Rs 26.52 crore in the financial year ended March 2025, marking a 4.6 per cent increase from Rs 25.35 crore in the previous year, as per the company's latest annual report. The remuneration included a salary of Rs 1.39 crore, up from Rs 1.27 crore in the prior year, along with Rs 2.12 crore in benefits, perquisites, and allowances. The largest component of his pay came from Rs 23 crore in commission. The pay ratio of the CEO to the median TCS employee remuneration stood at 329.8. This salary hike closely mirrors the average salary increments provided to TCS employees last year, which ranged between 4.5 per cent and 7 per cent in India. Top performers received double-digit hikes, and the total increase across the workforce, factoring in promotions and event-based revisions, ranged between 5.5 per cent and 7.5 per cent. Employees outside India saw pay hikes between 1.5 per cent and 6 per cent. TCS noted that remuneration structures are aligned with local market trends and individual contributions, with performance-based components linked to company and individual performance metrics. The median employee remuneration rose by 6.3 per cent in FY25. TCS had a total workforce of 6,07,979 employees as of March 2025. In his letter to shareholders, Krithivasan described the macroeconomic and geopolitical environment as 'very challenging" and emphasized the ongoing innovation wave in the AI space. He highlighted how TCS is helping clients scale AI adoption by establishing AI Centres of Excellence, AI Labs, and secure GenAI-as-a-service platforms tailored for enterprise needs. In the March 2025 quarter (Q4 FY25), India's largest IT services company TCS reported a 1.68 per cent fall YoY in its net profit to Rs 12,224 crore for the fourth quarter ended March 31, 2025 (Q4 FY25). The disappointing Q4 results come amid significant headwinds for the IT sector due to the ongoing trade war and a likely US recession. TCS' revenue from operations during January-March 2025 rose 5.29 per cent to Rs 64,479 crore, compared with Rs 61,237 crore a year ago. First Published: May 28, 2025, 11:33 IST
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Business Standard
6 days ago
- Business
- Business Standard
TCS chief Krithivasan's pay package rises 4.6% to ₹26.5 crore for FY25
K Krithivasan, Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS), saw his pay package increase by 4.6 per cent to ₹26.5 crore for the financial year ended March, compared to ₹25.35 crore a year earlier, according to the company's latest annual report. Krithivasan, who is completing two years at the helm, had his salary rise to ₹1.39 crore for financial year 2025, from ₹1.27 crore. Besides this, he earned ₹2.12 crore in benefits, perquisites and allowances, and ₹23 crore in commission. His pay ratio to the median remuneration of employees is 329.8. The CEO's pay hike is almost in line with the wage increases TCS paid to its employees last year. According to the annual report, the average annual increase was in the range of 4.5 to 7 per cent, with top performers receiving double-digit increments in India. However, during the course of the year, the total increase is in the range of 5.5 to 7.5 per cent, after accounting for promotions and other event-based compensation revisions. Employees outside India received a wage increase varying from 1.5 to 6 per cent. 'The increase in remuneration is in line with the market trends in the respective countries. In order to ensure that remuneration reflects the company's performance, the performance pay is also linked to organisation performance and individual utilisation in addition to individual performance,' TCS said. The percentage increase in the median remuneration of employees last fiscal was 6.3 per cent. TCS had 6,07,979 employees on its rolls as of March. Krithivasan, in his letter to shareholders, described the current geopolitical and macroeconomic environment as 'very challenging'. He also said that significant innovation is happening in the AI ecosystem across infrastructure, data platforms, models and AI-native business applications. 'These innovations are forcing companies to invest in technology modernisation and rapidly adopt AI to meet evolving customer expectations.' Customers are also shifting their focus from a use-case-based approach to ROI-led scaling of AI. TCS is supporting them by setting up AI Centres of Excellence, creating AI Labs for technology experimentation, and building safe, secure and scalable GenAI-as-a-service platforms, among others.
