Outlook Business Desk
C Vijayakumar, Chief Executive Officer (CEO) of HCLTech, drew ₹94.6 crore in FY25, making him the highest-paid CEO of an Indian IT firm for the second consecutive year. His $10.85 million package surpasses top industry peers.
Vijayakumar’s ₹94.6 cr pay includes base salary, stock awards, performance bonuses, and perks. It rose from ₹84.17 cr in FY24—a 190% surge from the year before, showing consistent growth in compensation.
C Vijayakumar’s pay soared 190% in FY24 to $10.06 million (₹84.17 crore), sharply higher than the 7% average salary hike for HCLTech employees.
HCLTech’s board has approved a 71% jump in Vijayakumar’s FY26 compensation to $18.6 million (₹154 crore).
"Under C Vijayakumar's leadership, HCLTech's market capitalisation rose from ₹1,15,000 crore on March 31, 2016, to ₹4,32,000 crore on March 31, 2025, reflecting 3.8x growth. Over the same period, the market cap of the other four leading listed Indian IT firms grew by approximately 2.5 times," the company said in its annual report.
Among industry peers, Infosys Chief Executive Officer (CEO) Salil Parekh received a 22% salary hike in FY25, taking his total compensation to ₹80.62 crore. He remains among the highest-paid executives in India’s IT services sector.
Wipro’s new CEO Srinivas Pallia, who took charge in April last year, earned ₹53.64 crore in FY25. Since this was his debut year, the figure includes one-time compensation elements.
Mohit Joshi, in his first full financial year as CEO of Tech Mahindra, received a total compensation of ₹52.1 crore in FY25.
Tata Consultancy Services (TCS) CEO K Krithivasan earned ₹26.5 crore in FY24, reflecting a modest 4.6% increase from the previous year. His compensation remains among the more conservative in the Indian IT sector.