Tata Sons Executive chairman N Chandrasekaran saw a 20% hike in remuneration during FY24 to Rs 135.32 crore as compared to FY23, making him one of India Inc’s highest paid executives.
The remuneration also includes Rs 121.5 crore as commission on profit, which will be paid after the annual general meeting (AGM), a disclosure made in the Tata Sons annual report stated. His pay package, however, is not the highest in the corporate world.
Ajay Bhutada, former CEO of Poonawalla Fincorp, drew a total remuneration of Rs 241 crore, including share payment in FY24. Former Wipro CEO and managing director Thierry Delaporte earned more than $20 million (about Rs 166 crore) in FY24 making him the highest-paid CEO in the IT industry.
The 61-year-old Chandrasekaran is seeking a reappointment as a director of the company as he is liable to retire by rotation at the forthcoming AGM. He was first appointed on the Tata Sons’ board in 2016. Chandrasekaran is on the board of 16 other Tata companies.
Saurabh Agarwal, executive director, Tata Sons, who was the group chief financial officer (CFO) in FY23, is set to take home Rs 30.35 crore for FY24 post the conclusion of Tata Sons AGM, making him India Inc’s highest-paid CFOs in the year.
From: financialexpress
Financial News
