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The Hindu
3 days ago
- Business
- The Hindu
Rise of automation promises a future of ‘dark factories', says TCS' Chandrasekaran
IT and business services were rapidly moving toward autonomous operations, and the rise of autonomous robots and AI agents promised a future of 'dark factories' and AI-assisted enterprise functions, said N. Chandrasekaran, chairman, Tata Consultancy Services on Tuesday (May 27, 2025). He said, 'The path is clear: IT and business services are moving toward autonomous operations. The rise of autonomous robots and AI agents promises a future of 'dark factories' and AI-assisted enterprise functions,'' he said in TCS Annual Report FY2025 released on Tuesday. The single most transformative force in 2024 was Generative AI, which achieved near-human reasoning capabilities, he said in his letter to shareholders. ''GenAI is not just another tech cycle—it is a civilisational shift. TCS is uniquely positioned to lead this transition, with its domain expertise, deep client relationships, and contextual knowledge,'' he assured them. He further said, software development was being redefined by AI-led modernisation, as legacy code was being transformed rapidly. Agentic AI was being embedded deeply into enterprise systems. Looking ahead, TCS has charted out four distinct progressions: 1. Establish a large pool of AI agents working alongside our human workforce, 2. Deliver solutions through a human+AI model, 3. Consciously invest in AI data centers and cloud infrastructure and 4. Forge industry-best partnerships with hardware providers, solution innovators, and startups. On geopolitical landscape According to Mr. Chandrasekaran, who is also the chairman of Tata Sons and Tata Group, the evolving geopolitical landscape and the emergence of a multipolar world are now reshaping how global businesses operate. ''We are in the midst of an irreversible transition towards green energy; businesses must adapt by developing market-appropriate solutions,'' he said adding TCS has developed an AI-powered clever energy platform that has been helping clients optimise energy consumption, reducing emissions and energy costs. He further said, the financial year 2025 was a year of profound global disruption. 'In the face of this turbulence, TCS demonstrated exceptional resilience.'' TCS's financial performance was robust, Mr. Chandrasekaran said, with FY 2025 revenue of over $30 billion and an industry-leading operating margin of 24.3%. On Gen AI and AI Significant innovation was happening in the AI ecosystem across infrastructure, data platforms, models, and AI native business applications, said TCS, CEO and MD, K. Krithivasan in the report. ''These innovations are forcing companies to invest in technology modernisation and rapidly adopt AI to meet evolving customer expectations. Across industries, clients are increasingly shifting their focus from use case based approach to ROI led scaling of AI,'' he said. Mr. Krithivasan's salary saw a 4.6% increase in FY25 to ₹26.52 crore, as per the report.
New Indian Express
3 days ago
- Business
- New Indian Express
IT and business services are moving toward autonomous operations: Tata chief
BENGALURU: IT and business services are moving toward autonomous operations and software development is being redefined by AI-led modernisation, says Tata Consultancy Services (TCS) Chairman N Chandrasekaran, who is also the Chairman of Tata Sons, in his letter to shareholders. In the company's FY2025 Annual Report, he said Agentic AI is being embedded deeply into enterprise systems and that Tata Consultancy Services has infused AI across its offerings and built intelligent agent solutions throughout the value chain. Talking about Generative AI he said the single most transformative force in 2024 was Gen AI. "The rise of autonomous robots and AI agents promises a future of 'dark factories' and AI-assisted enterprise functions," he said, adding every industry stands to benefit from Gen AI and that the IT industry is no exception. TCS is planning four progressions- to establish a large pool of AI agents working alongside human workforce; delivering solutions through a human+ AI model; to consciously invest in AI data centres and cloud infrastructure; and forge industry-best partnerships with hardware providers, solution innovators and start-ups.
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
Economic Times
3 days ago
- Business
- Economic Times
TCS to add AI agents alongside human workforce: N Chandrasekaran
Looking ahead, TCS plans four progressions - establish a large pool of AI agents working alongside our human workforce, deliver solutions through a human+AI model, invest in AI data centers and cloud infrastructure, as well as forge partnerships, Chandrasekaran said. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads As IT services transition to autonomous operations, Tata Consultancy Services (TCS) is aiming to add a large pool of AI agents working along humans, said N Chandrasekaran , Chairman, TCS.'GenAI is not just another tech cycle—it is a civilizational shift. The path is clear: IT and business services are moving toward autonomous operations. The rise of autonomous robots and AI agents promises a future of 'dark factories' and AI-assisted enterprise functions,' he said in a letter to shareholders in TCS' annual ahead, TCS plans four progressions - establish a large pool of AI agents working alongside our human workforce, deliver solutions through a human+AI model, invest in AI data centers and cloud infrastructure, as well as forge partnerships, Chandrasekaran also highlighted that in the evolving geopolitical, global businesses are looking to reduce costs, and enhance operational throughput.'This reimagination includes designing end-to-end traceability across supply chains; diversification of sourcing strategies to build resilience, and region-specific ecosystems to serve decentralized markets,' he FY2025, TCS crossed the milestones of $30 billion revenue mark and $20 billion mark in brand forward, the company shall focus on exploring new technologies and business models and is set to deliver new benchmarks in the IT services industry, K Krithivasan, MD & CEO, TCS said.
