Athira Sethu
Kochi, 29 May 2025
India’s largest IT company, Tata Consultancy Services (TCS), provided information on salaries in its fiscal 2024–25 year-end report.
TCS CEO’s Compensation
CEO and Managing Director of the company, K Krithivasan, took home a total amount of Rs 26.52 crore during the current year. This is 4.6% more than last year. His overall compensation consists of:
- Rs 1.40 crore as basic salary
- Rs 2.13 crore as benefits, allowances, and perks
- Rs 23 crore as commission
He was not given any shares in the stock purchase scheme. As per the report, the CEO’s aggregate compensation was 329.8 times the salary of the average employee in the company.
Other Top Executives
Former Executive Director and COO N G Subramaniam, who retired in May 2024, received Rs 11.55 crore. His remuneration comprised:
- Rs 0.31 crore as salary
- Rs 7.25 crore as benefits and allowances
- Rs 4 crore as commission
TCS CFO Samir Seksaria also experienced an increase in his salary. His overall compensation was 96.7 times the median pay of an employee, increasing 7.8% from the previous year.
Salary Increases for Employees
TCS announced that it has close to 6.08 lakh permanent employees. The majority of employees got a salary raise between 4.5% and 7%. Top-performing employees in India received even larger increases in double digits.
The median salary (middle of all salaries) of employees rose by 6.3% in the current year.
If promotions and special increases are included, the overall rise was between 5.5% and 7.5%. For staff based outside India, the pay raise was lower, between 1.5% and 6%.
Bonuses and Variable Pay
During the fourth quarter, 70% of TCS staff got 100% of their variable compensation (performance-based bonus). Others received lesser bonuses depending on the performance of their departments. This was when the company’s net profit was a shade lower than anticipated—Rs 12,224 crore—owing to issues in global markets.
Other IT Company Updates
Infosys, too, is a large IT player which witnessed a 11.7% decline in net profit during the fourth quarter. Their payouts towards bonuses were less than expected, and their revenue growth prospects for the upcoming year are also low.
