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Business Standard
10-08-2025
- Business
- Business Standard
Tata Group CEOs see broad-based FY25 pay hikes led by growth sectors
Top executives across Tata Group companies saw a broad rise in remuneration in FY25, fuelled by higher profitability in their businesses and wider strategic roles across the $150-billion conglomerate. Annual disclosures show an average 19.2 per cent hike for 12 top executives, excluding one triple-digit increase, reflecting both earnings growth and a recalibration of leadership incentives. Consumer-facing businesses led the gains. Trent Managing Director P Venkatesalu's pay nearly doubled to Rs 13.5 crore, while Tata Consumer Products CEO Sunil A D'Souza saw a 28.4 per cent jump to Rs 13 crore. Indian Hotels MD Puneet Chhatwal's compensation rose 19.2 per cent to Rs 23 crore, marking a record year for the hospitality company. Tejas Networks recorded a surge in profits, with MD & CEO Anand Athreya's pay up 343 per cent to Rs 16.8 crore. The company clarified that FY24's figure excluded variable pay, exaggerating the year-on-year change and making a direct comparison with FY25 misleading. At Tata Consultancy Services, MD & CEO K Krithivasan received a 4.6 per cent raise to Rs 26.5 crore, in line with the IT major's 5.8 per cent profit rise in FY25, despite being the group's largest profit contributor. Tata Steel MD T V Narendran saw a marginal 0.9 per cent dip in pay to Rs 17.3 crore — the only decline among top executives — even as the company returned to profit, reporting Rs 3,421 crore in FY25. Executive pay trends were closely aligned with sectoral performance. Consumer, hospitality, and technology-linked businesses saw steep hikes, while traditional heavy industries posted more moderate changes. Leadership roles also expanded. Noel Tata, appointed chairman of Tata Trusts during the year, earned Rs 6.1 crore — up 29.3 per cent from FY24. He also chairs Trent and Voltas, serves as Vice-Chairman of Tata Steel, and chairs Tata Investment Corporation. His appointment marked a leadership shift after succeeding the late Ratan Tata at Tata Trusts, the principal shareholder of Tata Sons. As the group readies public offerings for Tata Capital and Tata Electronics, executive pay appears increasingly aligned with shareholder returns, sector growth, and strategic execution. N. Chandrasekaran, Executive Chairman of Tata Sons, remained among India's highest-paid executives, with a 15.1 per cent rise in annual pay to Rs 156 crore. His remuneration includes multiple Board roles within the group and commission on Tata Sons' profits. Saurabh Agrawal, Executive Director at Tata Sons, saw his pay rise 7.6 per cent to Rs 32.8 crore in FY25 as he prepares to lead Tata Capital's upcoming $2-billion IPO as chairman. Tata Sons, however, reported a 24.3 per cent drop in profits during the year, as it derives income from its subsidiaries. Top CEOs of Tata Group Remuneration (Rs cr) CEO Designation Company FY24 FY25 Chg YoY % N Chandrasekaran ^ Executive Chairman Tata Sons 135.5 156.0 15.1 Saurabh Agrawal ^ Executive Director Tata Sons 30.5 32.8 7.6 K Krithivasan MD & CEO TCS 25.4 26.5 4.6 Puneet Chhatwal MD & CEO Indian Hotels 19.3 23.0 19.2 Amur Swaminathan Lakshminarayanan MD & CEO Tata Comm 17.0 19.2 12.6 T V Narendran MD & CEO Tata Steel 17.5 17.3 -0.9 Anand Arthreya # MD & CEO Tejas Networks 3.8 16.8 343.0 Koushik Chatterjee Executive Director & CFO Tata Steel 13.6 14.0 2.9 P Venkatesalu MD Trent 7.1 13.5 89.7 C K Venkataraman MD Titan Company 12.5 13.0 4.4 Sunil A D'Souza MD & CEO Tata Consumer 10.1 13.0 28.4 Praveer Sinha MD & CEO Tata Power 10.3 12.1 17.6 Noel N Tata ^ Non – Executive Director Tata Sons 4.7 6.1 29.3 # FY24 does not includes variable pay; revenue and net profit figures rounded off; LTP is loss to profit ^ Board members of Tata Sons and also on the board of Indian Hotels, Tata Consumer, Tata Investment, Tata Motors, Tata Power, Tata Steel, TCS, Titan Company, Trent, Voltas
Time of India
24-07-2025
- Business
- Time of India
With Rs 156 crore package from Tata Sons, N Chandrasekaran is among India's highest-paid executives
N Chandrasekaran, executive chairman of Tata Sons, earned Rs 155.81 crore in FY25, making him one of India's highest-paid corporate leaders. His package saw a 15% rise from last year. Other board members, including Saurabh Agrawal, Noel Tata, and Anita George, also received notable payouts, as detailed in the company's FY25 annual report. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads N Chandrasekaran, the executive chairman of Tata Sons, emerged as one of India's highest-paid corporate leaders in FY25, receiving a total compensation of Rs 155.81 crore, as per the company's latest annual package comprised Rs 15.1 crore in salary and other compensations, with the bulk coming from commission on profits, amounting to Rs 140.7 crore for the financial year ended March marks an approximately 15% increase from the Rs 135 crore he earned in FY24. The pay rise came despite Tata Sons' profit after tax declining by 24.3%, from Rs 34,654 crore in FY24 to Rs 26,232 crore in Agrawal, an executive director at Tata Sons, saw his pay rise by almost 9% to Rs 32.7 crore in Tata, who joined the board following the passing of his brother Ratan Tata, received Rs 1.42 crore as commission on Marangoly George, the only woman and independent director on the Tata Sons board, earned Rs 3.20 crore as Puri, who retired from the board in March 2025, was paid Rs 3.13 crore during the report said that Venu Srinivasan, a non-executive board member, has declined to accept any commission from the company since his appointment.
