Latest news with #Krithivasan
Time of India
3 days ago
- Business
- Time of India
TCS CEO Krithivasan's Compensation Increases to Rs 26.52 Crore Amid Industry Challenges, ETHRWorld
Advt Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App Mumbai: K Krithivasan, the chief executive and managing director of India's largest IT services company TCS, took home a remuneration of Rs 26.52 crore in FY25. The CEO's remuneration package increased by 4.6 per cent in the fiscal year, said the TCS annual report released on remuneration is nearly 330 times the median salary paid by the company to its 6.07 lakh employees, as per the annual report. Krithivasan's compensation included a salary of Rs 1.39 crore, Rs 2.13 crore in benefits, perquisites and allowances and a commission of Rs 23 crore, it financial officer Samir Seksaria saw a 7.8 per cent increase in the overall remuneration, as per the average annual increase for employees' remuneration came in between 5.5 to 7.5 per cent, after factoring-in promotions, the company said, adding that 1.1 lakh employees were promoted during the the case of top performers within the country, the hikes went into double digits as well in percentage terms, the company annual report also said that newly appointed president and chief operating officer Aarthi Subramanian will be paid a salary of Rs 10.8 lakh per a time of rapid shifts in technology landscape, the company's expenditure on research and development decreased both in absolute quantum as well as from a share of overall revenues spent Rs 2,630 crore in R&D and innovation in FY25 as against Rs 2,751 crore in FY24, and the same came down marginally to 1 per cent of total turnover in FY25 from 1.1 per cent in FY24, as per the TCS management said the global economic activity faces headwinds from geopolitical and policy uncertainties, but there are opportunities for resilience and recovery."Clearer trade agreements and improved global cooperation could help regain momentum. However, risks like financial market volatility, demographic shifts, and fiscal constraints persist. Proactive policy responses and innovation-driven growth can help mitigate these pressures," it the 6.07 lakh employees, 2.14 lakh or 35 per cent were women staff, the company were 125 cases of sexual harassment received during the fiscal year as against 110 in the previous fiscal, the company said, adding that 23 complaints are pending resolution at end-March 2025.
Time of India
3 days ago
- Business
- Time of India
TCS paid CEO K Krithivasan Rs 26.5 crore in FY25
Tata Consultancy Services ( TCS ) chief executive K Krithivasan 's pay increased 4.6% in fiscal year 2025 to Rs 26.52 crore, according to the company's annual report. This comprised Rs 1.395 crore as the base salary, Rs 2.12 crore in benefits, prerequisites and allowances, and Rs 23 crore in commissions. In FY24, Krithivasan earned Rs 25.2 crore. Infosys CEO Salil Parekh earned Rs 66 crore the same year, while Thierry Delaporte of Wipro received Rs 166 crore, one of the highest pay packages in the IT industry. Employee hikes The average annual increase in the company was in the range of 4.5-7%, with top performers receiving double-digit increments in India, as per the report. Employees outside India received a wage increase varying from 1.5-6%. Live Events After a net decline in FY24, the company saw its headcount expand in FY25 to 607,979. However, hiring stayed in the slow lane, with only 6,433 people added on a net basis. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories FY25 - 607,979 FY24 - 601,546 FY23 - 614,795 FY22 - 592,195 FY21 - 488,649 ET reported on May 15 that Infosys released performance bonus letters for eligible employees for the January-March (Q4FY2024-25) quarter. Much of the workforce saw the payout as being significantly lower than the previous one, employees told ET. In April, Infosys had reported an 11.7% year-on-year fall in net profi t to Rs 7,033 crore. The revenue guidance for the year 2025-26 was also in a low-single-digit range.
News18
3 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
3 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.
Time of India
05-05-2025
- Business
- Time of India
Amazon CEO Andy Jassy just said what TCS CEO K Krithivasan told employees when it ended work from home
Amazon CEO Andy Jassy 's recent comments on remote work echo the same sentiments that TCS CEO K Krithivasan expressed when the Indian IT giant began phasing out work-from-home policies, with both executives emphasizing that in-person collaboration is essential for company culture and innovation. Tired of too many ads? go ad free now Speaking at the Harvard Business Review Leadership Summit recently, Jassy explained that Amazon's return to office mandate stems from the belief that "culture isn't something that can be instilled from a distance," mirroring Krithivasan's assertion that employees cannot be properly mentored on company culture remotely. "What you find is people riff on top of each other's ideas better if they're together," Jassy said. "Turns out, sometimes it's actually useful to interrupt each other, because you get to a faster spot, more quickly, you feel that energy." implemented a compulsory five-day return to office policy to strengthen company culture, which Jassy believes was being stretched as the company expanded. Innovation happens in person, both CEOs insist TCS began enforcing a three-day office mandate last October before recently extending it to five days for select teams. Krithivasan had stressed to empl: "We are not a bunch of 600 engineers working on work-to-hire or get paid for the time they spend. We believe working from the office is good for the associates, customers and TCS. You're talking only about work output in terms of how they deliver to customers, but how do they get mentored on culture? Similarly, Jassy emphasized that many of Amazon's inventions emerged from "messy, wandering meetings" that simply can't happen virtually. Tired of too many ads? go ad free now Both executives highlighted mentorship as a key factor in their decisions. Krithivasan asked: "How do they get mentored on how they deal with customers and colleagues, which is very important for their career development?" while Jassy noted that teaching is more effective when managers can provide context after meetings. Amazon's office return is part of a larger restructuring that includes flattening the organization by increasing the ratio of individual contributors to managers by 15%.
