HCLTech CEO C Vijayakumar's Remuneration Jumps 67 Pc to $18.13 Mn in FY26

HCLTech Chief Executive Officer and Managing Director C Vijayakumar drew a total remuneration of $18.13 million (about ₹175 crore) in the financial year 2025-26, marking a steep increase of nearly 66.9% over the previous year, according to the company's annual report.

Vijayakumar, who is based in the US and draws his salary from the step-down wholly owned subsidiary HCL America Inc., saw his compensation jump primarily due to long-term incentives and stock options.

According to the annual report, his pay package for FY26 included a base salary of $2.48 million, a performance-linked bonus of $2 million, and benefits and perquisites amounting to $0.31 million.

The bulk of his remuneration came from a long-term incentive (LTI) cash component of $3.94 million and the perquisite value of Restricted Stock Units (RSUs) exercised during the year, which stood at $9.40 million.

The report noted that without considering the LTI payment and the perquisite value of RSUs, the increase in the CEO's remuneration would have been 22.86%.

Vijayakumar's compensation places him at the top of his peers in the Indian IT sector. Tata Consultancy Services (TCS) CEO and MD K Krithivasan took home a total remuneration of ₹28 crore in 2025-26, an increase of 6.3% over the previous year.

Infosys's Salil Parekh drew a total remuneration of ₹82.60 crore in FY 2025-26, marking a 2% increase from the preceding year, while Wipro's Srinivas Pallia drew a total remuneration of $5.29 million (approximately ₹49.64 crore).

Meanwhile, the annual report revealed that Vijayakumar's remuneration was 291.9 times the median remuneration of HCLTech's global workforce.

The median remuneration of HCLTech employees witnessed an increase of 5.4% during the fiscal year.

As of March 31, there were 170,811 permanent employees on the rolls of the company. In addition, there were 56,370 employees in its subsidiaries.

For FY26, HCLTech recorded a net profit of ₹16,642 crore, reflecting a 4.30% decline from ₹17,390 crore in FY25. FY26 revenue stood 11.18% higher at ₹130,144 crore