Columns

Tata Sons leader N Chandrasekaran takes home Rs 135cr in FY24, up 20%, ET Retail

.N ChandrasekaranMUMBAI: Tata Sons chairman N Chandrasekaran take away Rs 135 crore in FY24, up 20% versus the previous fiscal's remuneration, to preserve his placement as the highest-paid qualified chief of an Indian business. Tata Sons CFO Saurabh Agrawal gained Rs 30 crore in FY24, making him the second-highest paid executive within Tata Group - India's biggest empire. His incomes were actually higher than the FY24 compensation of the mains of the group's operating business such as TCS, Tata Steel, and IHCL (which manages Taj lodgings). Agrawal's revenues improved through about 8% over his FY23 compensation. TCS CHIEF EXECUTIVE OFFICER K Krithivasan, IHCL head Puneet Chhatwal and Tata Steel main T V Narendran, had a commission of Rs 25 crore, Rs 19 crore and also Rs 17 crore in FY24, specifically. Krithivasan's reimbursement consisted of payment for his duty as TCS' international head of BFSI from April 1, 2023 to May 31, 2023 and also as its own chief executive officer from June 1, 2023 to March 31, 2024. Krithivasan took up the section office at TCS - the most significant factor to Tata Sons' earnings in the form of reward and also company subscription fee - observing the sudden exit of Rajesh Gopinathan. Various other Tata Group companies' CEOs - Praveer Sinha of Tata Energy as well as Sunil D'Souza of Tata Consumer Products made Rs 10 crore each in FY24, while R Mukundan of Tata Chemicals received Rs 8 crore in the course of the very same period. Many Chief executive officers also have portions of the Tata firms they manage. Chandrasekaran's FY24 remuneration at Tata Sons consisted of Rs 122 crore as payment gained on the profits of the firm and Rs thirteen crore as earnings and perquisites. Former Wipro chief executive officer Thierry Delaporte earned Rs 167 crore in FY24 yet a substantial amount of his remuneration made up severance remittance and the vesting expense of stock possibilities. Delaporte, Wipro's seventh principal, resigned without completing his five-year phrase at the business. In FY23, the French executive's remuneration in Wipro was Rs 83 crore. Chandrasekaran's FY23 remuneration was actually Rs 113 crore. Chandrasekaran also received sitting fees of Rs 17 lakh coming from six detailed operating providers - TCS, IHCL, Tata Steel, Tata Electrical Power, Tata Buyer and Tata Chemicals - as their non-executive supervisor in FY24 and also keeps shares worth Rs 168 crore of these companies.After Tata Sons CFO Agrawal, the best spent CFO within the conglomerate is PB Balaji of Tata Motors. Balaji drew Rs 21 crore in FY24. Tata Sons' company assistant S Mukhopadhyay got Rs 10 crore in FY24, higher than the profits of a few of the Chief executive officers that run much smaller Tata Group companies.
Published On Sep 8, 2024 at 01:16 PM IST.




Participate in the community of 2M+ field professionals.Subscribe to our newsletter to acquire newest insights &amp analysis.


Install ETRetail Application.Receive Realtime updates.Spare your preferred write-ups.


Browse to install Application.

Articles You Can Be Interested In