TCS top brass salary: Here’s how much CEO K Krithivasan, COO NG Subramaniam earned in FY24

Krithivasan took charge as the head of the IT services firm in June 2023 after the surprising exit of Rajesh Gopinathan. His appointment is for five years.

TCS CEO remuneration breakdown

• Salary: ₹1.27 crore
• Benefits, perquisites, and allowances: ₹3.08 crore
• Commission: ₹21 crore

NG Subramaniam, the company's Chief Operating Officer (COO), earned a total of ₹26.18 crore in FY24. He held the position for the entire year, and his remuneration included ₹1.72 crore in salary, ₹3.45 crore in benefits, perquisites, and allowances, and ₹21 crore in commission.

The company said the COO's remuneration increased by 8.2%, adding that the increase in Krithivasan's earnings cannot be compared because of the change in the designation.

For his two months of service as CEO, Gopinathan got a salary of ₹33.6 lakh and additional benefits, perquisites and allowances worth ₹76.8 lakh.

Average salary of TCS employees

It should be noted that the COO's remuneration is 346.2 times the median remuneration of TCS employees, which stood at ₹6,01,546 as of March 31, 2024.

The report said the average annual increase was in the range of 5.5%-8%, with top performers receiving double-digit increments in India.

Of the total workforce, women constituted 35.6% at the end of the fiscal, the company added.

The company, which was among the first to ask employees to return to offices, has 55% of its employees working from the office every day.

The annual report said there is near-term uncertainty for the business because of a slew of global headwinds but stressed that there is growth visibility over the medium to long term.

The annual report said the overall revenue growth slowed to 6.8% in FY24 from 17.6% in the year-ago period.

"If the delayed decision-making and cash conservation seen in some segments through FY 2024 continues into the next fiscal year, it could lead to a moderation in growth in FY 2025," the annual report said.

Its chairman, N Chandrasekaran, said GenAI technologies will impact almost every sector and the country going forward, and enterprises have already invested in cloud, data infrastructure and large processing power.

"GenAI will not only improve productivity but also create an impact we hitherto have not seen or imagined," he said.

Shares of TCS closed 0.5% lower at ₹3,956 apiece on the NSE.