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Tata Sons chairman N Chandrasekaran takes home Rs 135cr in FY24, up 20%

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MUMBAI: Tata Sons chairman N Chandrasekaran took home Rs 135 crore in FY24, up 20% against the previous fiscal’s compensation, to retain his position as the highest-paid professional chief of an Indian company.
Tata Sons CFO Saurabh Agrawal earned Rs 30 crore in FY24, making him the second-highest paid executive within Tata Group – India’s largest conglomerate. His earnings were higher than the FY24 compensation of the chiefs of the group’s operating companies such as TCS, Tata Steel, and IHCL (which runs Taj hotels).Agrawal’s earnings increased by about 8% over his FY23 compensation.
TCS CEO K Krithivasan, IHCL head Puneet Chhatwal and Tata Steel chief T V Narendran, had a remuneration of Rs 25 crore, Rs 19 crore and Rs 17 crore in FY24, respectively. Krithivasan’s remuneration included compensation for his role as TCS’ global head of BFSI from April 1, 2023 to May 31, 2023 and as its CEO from June 1, 2023 to March 31, 2024. Krithivasan occupied the corner office at TCS – the biggest contributor to Tata Sons’ income in the form of dividend and brand subscription fee – following the abrupt exit of Rajesh Gopinathan.
Other Tata Group firms’ CEOs – Praveer Sinha of Tata Power and Sunil D’Souza of Tata Consumer Products earned Rs 10 crore each in FY24, while R Mukundan of Tata Chemicals received Rs 8 crore during the same period. Several CEOs also own shares of the Tata companies they run.
Chandrasekaran’s FY24 compensation at Tata Sons included Rs 122 crore as commission earned on the profits of the company and the balance Rs 13 crore as salary and perquisites. Former Wipro CEO Thierry Delaporte earned Rs 167 crore in FY24 but a significant amount of his compensation comprised severance payment and the vesting cost of stock options. Delaporte, Wipro’s seventh chief, resigned without completing his five-year term at the company. In FY23, the French executive’s compensation in Wipro was Rs 83 crore. Chandrasekaran’s FY23 compensation was Rs 113 crore. Chandrasekaran also received sitting fees of Rs 17 lakh from six listed operating companies – TCS, IHCL, Tata Steel, Tata Power, Tata Consumer and Tata Chemicals – as their non-executive director in FY24 and holds shares worth Rs 168 crore of these companies.



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