TCS Pays CEO K Krithivasan Rs 26.5 Crore in FY25, Over 300 Times the Median Employee

Tata Consultancy Services (TCS) CEO & MD K Krithivasan earned a total of Rs 26.52 crore in the financial year 2024-25 as total compensation, 4.6% higher compared to the previous year, the annual report of the IT services giant revealed on Wednesday.

TCS CEO & MD K Krithivasan's income comprised Rs 1.40 crore in salary, Rs 2.13 crore in benefits, perquisites and allowances, and Rs 23 crore as commission. He had no allocation under the stock purchase scheme.

The annual report revealed that the TCS CEO earned 329.8 times the median salary of the company.

Former COO & ED N G Subramaniam, who stepped down on May 20, 2024, earned a total of Rs 11.55 crore, including Rs 0.31 crore in salary, Rs 7.25 crore in benefits, perquisites and allowances, and Rs 4 crore as commission.

The company's CFO, Samir Seksaria, earned 96.7 times the median salary, with a 7.8% increase in FY25 compensation.

The report also revealed that the Mumbai-based IT giant had 6,07,979 permanent employees on its rolls, who received average annual salary hikes ranging between 4.5% and 7%, with top performers in India receiving double-digit increments. The median remuneration of employees saw a 6.3% increase during the financial year.

Overall, including promotions and event-based revisions, the total increase stood between 5.5% and 7.5%. For employees based outside India, wage hikes ranged from 1.5% to 6%.

Earlier, TCS said that it awarded 100% quarterly variable pay to 70% of its employees for the fourth quarter, while others received lower payouts based on business unit performance, amid a lower-than-expected quarterly net profit of Rs 12,224 crore due to global tariff volatility.

Infosys, facing an 11.7% year-on-year drop in Q4 net profit to Rs 7,033 crore, issued performance bonuses in May that employees said were significantly lower than previous payouts, with FY26 revenue guidance in the low single digits.