Tata Sons Chairman N Chandrasekaran Salary: Tata Sons Chairman N Chandrasekaran is among the highest-paid industry leaders in India. In its annual report, the principal investment holding firm of the Tata Group of companies, said that the N Chandrasekaran’s total remuneration in FY25 was at Rs 155.81 crore, up 15 per cent from Rs 135.32 crore in FY24.
This huge pay package includes Rs 15.12 crore in salary and other compensation, along with Rs 140.69 crore as commission on profits for the financial year 2024-25.
According to details available, Chandrasekaran joined the Board of Tata Sons in October 2016 and was appointed Chairman in 2017. Before becoming the Chairman, he served as the Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS), the country’s largest IT services firm.
TCS to layoff over 12,000 employees
The IT giant is set to lay off about 2 per cent of its workforce (around 12,200 employees) in the financial year 2025-26. The move is likely to impact primarily employees at the middle and senior management levels.
According to Reuters, the Tata Group company is retraining and redeploying staff as it enters new markets, invests in new technology and deploys AI, but over 12,000 jobs will be cut as part of the process.
“This transition is being planned with due care to ensure there is no impact on service delivery to our clients,” the company said, reports Reuters.
Earlier this month, during earnings conference call, Milind Lakkad, Executive Vice President and Chief Human Resources Officer (CHRO) at TCS said that the workforce at the end of the first quarter was 6,13,069. “Net attrition during the quarter was over 5,000 employees. We have honored all the job offers, and we’ll do so for the rest of the year. Lateral hiring will be recalibrated based on the demand outlook,” he said, as per the exchange filing.
