Tata Sons Chairman N Chandrasekaran received a total remuneration of ₹155.81 crore for the financial year 2024–25, as per the company’s annual report. This marks a 15% increase from ₹135.32 crore in FY24. His pay package includes ₹15.12 crore in salary and other allowances, while the bulk of it—₹140.69 crore—came as commission on profits.
Leadership Journey in Tata Group
Chandrasekaran has been with the Tata Group for years, joining the Tata Sons board in October 2016 and becoming Chairman in 2017. Prior to this, he served as the CEO and MD of Tata Consultancy Services (TCS), India’s largest IT services company.
TCS Announces Job Cuts Amid AI-Driven Transition
At the same time, Tata Consultancy Services is set to lay off around 12,200 employees—roughly 2% of its workforce—in FY26. These layoffs will mainly affect middle and senior-level managers. The company is restructuring roles as it moves into new markets, invests in technologies like artificial intelligence, and shifts its focus toward future-ready services.
According to Reuters, TCS is taking steps to retrain and redeploy employees where possible. The company stated that this transition is being handled carefully to avoid any disruption to client services.
Staffing Outlook and Hiring Plans
During a recent earnings call, TCS Executive Vice President and Chief Human Resources Officer Milind Lakkad shared that the workforce stood at 6,13,069 at the end of Q1. The net attrition for the quarter was over 5,000 employees. He also confirmed that all existing job offers would be honored, and lateral hiring would be adjusted based on market demand.
TCS’s strategic workforce reshaping signals a broader industry shift as AI and automation reshape the IT services landscape.
