Columns

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

.N ChandrasekaranMUMBAI: Tata Sons leader N Chandrasekaran took home Rs 135 crore in FY24, up twenty% against the previous fiscal's settlement, to retain his placement as the highest-paid expert chief of an Indian provider. Tata Sons CFO Saurabh Agrawal gained Rs 30 crore in FY24, creating him the second-highest paid out executive within Tata Group - India's largest conglomerate. His profits were more than the FY24 settlement of the mains of the group's operating business such as TCS, Tata Steel, and IHCL (which manages Taj hotels). Agrawal's incomes improved by about 8% over his FY23 compensation. TCS CHIEF EXECUTIVE OFFICER K Krithivasan, IHCL chief Puneet Chhatwal and Tata Steel main T V Narendran, had a compensation of Rs 25 crore, Rs 19 crore and Rs 17 crore in FY24, respectively. Krithivasan's wage featured remuneration for his duty as TCS' worldwide head of BFSI from April 1, 2023 to May 31, 2023 and as its chief executive officer from June 1, 2023 to March 31, 2024. Krithivasan occupied the edge office at TCS - the largest contributor to Tata Sons' income in the form of dividend and label registration fee - following the sudden departure of Rajesh Gopinathan. Other Tata Team agencies' Chief executive officers - Praveer Sinha of Tata Electrical Power and also Sunil D'Souza of Tata Individual Products made Rs 10 crore each in FY24, while R Mukundan of Tata Chemicals obtained Rs 8 crore during the very same duration. Numerous CEOs additionally own allotments of the Tata firms they manage. Chandrasekaran's FY24 payment at Tata Sons featured Rs 122 crore as percentage earned on the earnings of the firm and also Rs thirteen crore as compensation and perquisites. Past Wipro CEO Thierry Delaporte earned Rs 167 crore in FY24 however a substantial volume of his remuneration comprised severance repayment as well as the jacketing cost of assets choices. Delaporte, Wipro's seventh chief, surrendered without finishing his five-year phrase at the company. In FY23, the French executive's compensation in Wipro was Rs 83 crore. Chandrasekaran's FY23 compensation was actually Rs 113 crore. Chandrasekaran also got sitting expenses of Rs 17 lakh coming from 6 detailed functioning providers - TCS, IHCL, Tata Steel, Tata Energy, Tata Buyer as well as Tata Chemicals - as their non-executive supervisor in FY24 as well as holds reveals worth Rs 168 crore of these companies.After Tata Sons CFO Agrawal, the best paid for CFO within the empire is actually PB Balaji of Tata Motors. Balaji drew Rs 21 crore in FY24. Tata Sons' firm secretary S Mukhopadhyay gained Rs 10 crore in FY24, higher than the revenues of a number of the Chief executive officers that operate much smaller Tata Group firms.
Posted On Sep 8, 2024 at 01:16 PM IST.




Join the community of 2M+ market professionals.Register for our e-newsletter to obtain most up-to-date knowledge &amp review.


Download And Install ETRetail App.Obtain Realtime updates.Spare your much-loved articles.


Scan to install App.

Articles You Can Be Interested In