TCS CEO K Krithivasan earned Rs 26.52 crore in FY25

TCS CEO K Krithivasan

K Krithivasan, CEO and MD of the country’s largest software exporter, Tata Consultancy Services (TCS) drew Rs 26.52 crores in salary in FY25, which increased around 4.6 percent from FY24, the company’s annual report said.

This included a base salary of Rs 1.39 crore, Rs 2.12 crores in benefits, perquisites, and allowances, and Rs 23 crores in commissions.

In comparison, as of FY24, HCLTech’s CEO, C. Vijayakumar, was the highest-paid Indian IT CEO, taking home Rs 84.16 crore in wages. Infosys CEO Salil Parekh earned Rs. 66.25 crores in FY24, while Wipro's newly appointed CEO Srini Pallia got a package of around Rs. 50 crores.

In Q4FY25, TCS also announced the appointment of Aarthi Subramanian as the chief operating officer (COO) and a Key Managerial Personnel, following the retirement of NG Subramaniam (NGS).

In her new role, Subramanian will earn a basic salary of Rs. 10,80,000 per month, effective May 1, 2025, with a maximum of Rs. 15,00,000 per month. NGS last earned Rs 11.55 crores in FY25, as compared to Rs 26.18 crores in full year FY24, which was also higher than Krithivasan’s package.

Employee wage hikes

The percentage increase in the median remuneration of employees in FY25 was 6.3 percent. The company’s total headcount stood at 6,07,979.

As the CEO, Krithvasan’s overall ratio to median remuneration was 329.8. Median remuneration is the average of employee salaries.

“The average annual increase was in the range of 4.5-7 percent, with top performers receiving double digit increment in India. However, during the course of the year, the total increase is in the range of 5.5-7.5 percent, after accounting for promotions and other event based compensation revisions,” the report said, adding, “Employees outside India received a wage increase varying from 1.5-6 percent.”

“The increase in remuneration is in line with the market trends in the respective countries. In order to ensure that remuneration reflects the Company’s performance, the performance pay is also linked to organization performance and individual utilization in addition to individual performance,” the report explained.

While TCS usually starts rolling out wage hikes from April 1 onwards, this fiscal year, the company has opted to defer the wage hike cycle. The firm is deferring wage hikes this year and will be rolled out "based on business environment".

Also read: TCS slashes variable pay for senior employees for third consecutive quarter