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Time of India
03-08-2025
- Business
- Time of India
Rs 95 crore: HCLTech's Vijayakumar is highest-paid Indian IT CEO
Bengaluru: HCLTech CEO C Vijayakumar has emerged as the highest-paid Indian IT CEO, crossing the $10 million mark and topping the compensation charts. US-based Vijayakumar earned Rs 94.6 crore in the 2024–25 financial year, which comprised a base pay of Rs 15.8 crore, a performance-linked bonus of Rs 13.9 crore, long-term RSUs worth Rs 56.9 crore, and a bonus of Rs 1.7 crore. Vijayakumar's peers include TCS CEO K. Krithivasan, who earned Rs26.5 crore for the 2023–24 financial year, marking a 4.6% increase from the previous year. Infosys CEO Salil Parekh received a 22% hike, taking his total compensation to Rs 80.6 crore. Wipro CEO Srinivas Pallia, who took over in April last year, earned Rs 53.6 crore; since this is his first year in the role, there is no prior comparison. According to the firm's annual report, Vijayakumar received a salary increase of 7.9% compared to the previous year. However, the average salary hike for employees excluding managerial personnel in the last financial year was 3.1%. Vijayakumar's salary was 662.5 times the median remuneration of employees in the 2024–25 financial year. The Board, on the recommendations of the NRC, has approved Vijayakumar's re-appointment as the CEO & MD of HCLTech from September 1 this year to March 31, 2030. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru The annual report highlights that under Vijayakumar's leadership, HCLTech delivered strong performance from FY16 to FY25, with a revenue CAGR of 9.3%—the highest among peers; an EBIT CAGR of 8.1%, ranking second highest; and a net income CAGR of 6.9%, also the second highest in the peer group. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is this legal? Access all TV channels without a subscription! Techno Mag Learn More Undo According to the company's annual report, the Board has approved a more than 71% hike in his remuneration, raising it to $18.6 million (around Rs 154 crore) for the current financial year. "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." Under his leadership, from FY16 to FY25, the number of $100 million clients increased from 8 to 22, $50 million clients from 19 to 52, and $20 million clients from 75 to 138. C. Vijayakumar has driven significant growth through a client-centric approach, expanding HCLTech's global footprint and strengthening service excellence. From FY16 to FY25, the number of $100 million clients increased from 8 to 22, $50 million clients from 19 to 52, and $20 million clients from 75 to 138. "This growth reflects rising client relevance and deepening strategic partnerships, marked by increasing wallet share among HCLTech's top accounts. It was enabled by a 'One HCLTech' approach, underpinned by an increasingly integrated go-to-market model offering all HCLTech services under a verticalized organizational structure that enhanced client alignment, execution agility, and responsiveness," the firm said in its annual report. HCLTech chairperson Roshni Nadar said, "Looking ahead, the demand environment is expected to remain challenging as clients continue to exercise caution due to uncertainties around global trade frameworks and geopolitical tensions. We remain focused on navigating these challenges and ensuring that HCLTech remains well-positioned to leverage the opportunities available," she said. "Technology evolution, driven by AI, is accelerating, and the IT services industry is at an inflection point. The industry will need to reinvent itself to stay relevant. HCLTech is prepared to adapt to these shifts." The percentage increase in the median remuneration of employees during the financial year was 17.6%. The company has 1,67,316 permanent employees on its rolls. In addition, there were 56,104 employees on the rolls of its subsidiaries. Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
Express Tribune
25-07-2025
- Automotive
- Express Tribune
Sales boost drives Honda Atlas EPS to 309%
Gross margins, however, expanded by 3.1 percentage points on the back of a 26% year-on-year fall in cold-rolled coil (CRC) steel prices and 10% weakness in Thai baht against the dollar. PHOTO: HONDA ATLAS Listen to article Honda Atlas Cars Ltd (HCAR) has reported a turnaround in its financial performance for the quarter ended June 2025, with earnings per share (EPS) soaring by 309% year-on-year to Rs5.80. The sharp rise in profitability was primarily driven by a 68% increase in vehicle sales, aided by improved macroeconomic conditions, a rebound in auto financing, and lower interest rates, according to data compiled by Optimus Capital Management. The company's bottom line surged to Rs828 million, reflecting the positive impact of operational efficiencies and a better product mix, noted an auto analyst at Optimus Capital Management, Abdul Rafay. The performance marks a strong start to FY26 for Honda Atlas, though future growth may be tempered by rising regulatory challenges and pressure from used car imports. The company's net sales rose by 66% year-on-year to Rs26.5 billion, while the cost of sales climbed 62% to Rs24.2 billion. Gross margins improved to 8.6%, up from 6.3% in the same quarter last year, supported by better operational efficiency and a favourable product mix. However, despite the solid topline and bottom-line growth, the company did not announce any dividend for the quarter, consistent with its previous payout pattern. Another significant contributor to the company's liquidity position was an income tax refund of Rs2.7 billion, which helped ease its operating cash flows and lowered its tax recoverable to Rs5 billion. Despite its strong quarterly results, Honda Atlas faces considerable headwinds in the near term. Analysts at Optimus Capital maintained a 'neutral' stance on the stock, citing several policy and market-related concerns. Firstly, the lifting of restrictions on commercial imports of used vehicles is expected to weigh on new car demand, particularly in the mid-range category where Honda operates. Secondly, the introduction of new compliance requirements, such as the FBR's eligibility certificate and the imposition of the New Energy Vehicle (NEV) levy, is likely to add complexity and cost pressures to the auto business. Thirdly, the decline in cotton cultivation and unpredictable rainfall patterns are negatively impacting rural demand, traditionally a key segment for car sales in Pakistan. Fourth, the company's trade and other payables rose 21% quarter-on-quarter to Rs2.6 billion, possibly reflecting increased order bookings or stretched payment cycles, though detailed accounts for clarity are awaited. Looking ahead, the company is banking on the launch of its new electric hybrid SUV, the E-HRV, to capture market share in the growing SUV segment and partially offset pressure from imported vehicles. While Honda Atlas has benefited from a short-term macroeconomic stabilisation and a rebound in consumer financing, sustained growth will depend on policy clarity, competitive pricing, and broader sectoral recovery. Honda Atlas posted an impressive quarterly recovery, but mounting regulatory, import, and rural demand challenges could slow momentum in the coming quarters.
