TCS CEO Remuneration: K Krithivasan, CEO and Managing Director of Tata Consultancy Services (TCS), earned a total remuneration of Rs 25.2 crore for the financial year 2024. This figure is slightly lower than the Rs 29.16 crore earned by former CEO Rajesh Gopinathan in the previous fiscal year.
It’s important to note that K Krithivasan’s pay for the financial year 2024 covers his compensation for the entire year, according to an ET report.This includes his role as the Global Head of Banking, Financial Services, and Insurance (BFSI) from April 1 to May 31, 2023, and his role as CEO and Managing Director from June 1, 2023, to March 31, 2024, according to TCS’s annual report filed with the Bombay Stock Exchange on Thursday.
N G Subramaniam, the Chief Operating Officer and Executive Director at TCS, earned a total of Rs 26.1 crore in the fiscal year 2024. Subramaniam, also known as NGS, is set to retire from the company later this month.
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Subramaniam, commonly known as NGS, is set to retire this month after serving TCS for four decades. In a recent letter to employees, Krithivasan stated “NGS has led the organisations across key roles over four decades providing immense selfless and valuable service to the company. Many of us, including myself, have benefitted from his mentorship or have served in his team and the units he nurtured.”
Subramaniam’s total compensation increased by 8.2% in the fiscal year 2024. Despite this jump, his pay was 346.2 times the median salary of TCS employees. Meanwhile, Gopinathan, who resigned from TCS last year, still received about Rs 1 crore as his remuneration for part of the year.
In a letter to shareholders, TCS chairman N Chandrasekaran announced that the company achieved annual revenues of Rs 240,893 crore, a 6.8% increase over last year. He noted that this growth was achieved with a strong focus on operational excellence, resulting in a leading operating margin of 24.6%, up from 24.1% last year.
He added that, after two years of concerns about recession, high inflation, and strict monetary policies, the global economic outlook seems to be improving. There are signs of better growth, decreasing inflation, and potential for more flexible monetary policies ahead.
It’s important to note that K Krithivasan’s pay for the financial year 2024 covers his compensation for the entire year, according to an ET report.This includes his role as the Global Head of Banking, Financial Services, and Insurance (BFSI) from April 1 to May 31, 2023, and his role as CEO and Managing Director from June 1, 2023, to March 31, 2024, according to TCS’s annual report filed with the Bombay Stock Exchange on Thursday.
N G Subramaniam, the Chief Operating Officer and Executive Director at TCS, earned a total of Rs 26.1 crore in the fiscal year 2024. Subramaniam, also known as NGS, is set to retire from the company later this month.
ALSO READ | SBI Q4 results: State Bank of India PAT jumps 24% YoY to Rs 20,698 crore, beats estimates
Subramaniam, commonly known as NGS, is set to retire this month after serving TCS for four decades. In a recent letter to employees, Krithivasan stated “NGS has led the organisations across key roles over four decades providing immense selfless and valuable service to the company. Many of us, including myself, have benefitted from his mentorship or have served in his team and the units he nurtured.”
Subramaniam’s total compensation increased by 8.2% in the fiscal year 2024. Despite this jump, his pay was 346.2 times the median salary of TCS employees. Meanwhile, Gopinathan, who resigned from TCS last year, still received about Rs 1 crore as his remuneration for part of the year.
In a letter to shareholders, TCS chairman N Chandrasekaran announced that the company achieved annual revenues of Rs 240,893 crore, a 6.8% increase over last year. He noted that this growth was achieved with a strong focus on operational excellence, resulting in a leading operating margin of 24.6%, up from 24.1% last year.
He added that, after two years of concerns about recession, high inflation, and strict monetary policies, the global economic outlook seems to be improving. There are signs of better growth, decreasing inflation, and potential for more flexible monetary policies ahead.