Tata Sons Chairman N. Chandrasekaran’s Salary Rises 20% to ₹135 Crore in FY 2023-24
Tata Sons Chairman N Chandrasekaran Earns ₹135 Crore in FY 2024, a 20% Hike
Tata Sons Chairman N Chandrasekaran received a salary of ₹135 crore in the financial year 2024, marking a 20% increase from the previous year. Chandrasekaran remains one of the highest-paid professional chiefs in Indian companies.
Tata Sons Directors See 16% Salary Hike
The total remuneration for all directors at Tata Sons increased by 16%, reaching ₹200 crore compared to ₹172.5 crore in FY23. Meanwhile, salaries and wages for Tata Sons employees saw a modest rise of 2.5%, bringing the total to ₹441 crore.
Tata Sons CFO Saurabh Agarwal Earns ₹30 Crore
CFO Saurabh Agarwal earned ₹30 crore in FY24, making him the second-highest-paid executive in the Tata Group. Agarwal’s compensation was higher than that of TCS, Tata Steel, and IHCL presidents. His earnings saw an 8% rise compared to FY23.
TCS, IHCL, and Tata Steel Executive Earnings
TCS CEO K Krithivasan, IHCL Chief Puneet Chhatwal, and Tata Steel Chief TV Narendran earned ₹25 crore, ₹19 crore, and ₹17 crore, respectively, in FY24. Krithivasan’s total compensation includes his time as the Global Head of BFSI for TCS until May 31, 2023, and his tenure as CEO starting June 1, 2023. He succeeded Rajesh Gopinathan, who left the company unexpectedly.
Tata Sons Revenue Surges by 25%
In FY24, Tata Sons’ revenue grew by 25%, reaching ₹43,893 crore. A significant portion of the company’s revenue was contributed by TCS. Tata Trusts holds a 66% stake in Tata Sons, while the Mistry family owns 18.4%. The remaining shares are held by other Tata Group companies.
Former Wipro CEO Thierry Delaporte Earns ₹167 Crore
Former Wipro CEO Thierry Delaporte earned ₹167 crore in FY24. Delaporte, a French national, resigned before completing his five-year tenure with the company. In FY23, Delaporte earned ₹83 crore, while Chandrasekaran’s compensation stood at ₹113 crore.
N Chandrasekaran’s Journey From Trainee to Chairman
N Chandrasekaran joined Tata Group as a trainee at TCS and later became the first non-family member to chair Tata Sons. He was first appointed as Chairman in 2017.
