While not in the CEO role, Koushik Chatterjee plays a vital role as the Financial Head of Tata Steel, the flagship company of the Ratan Tata-led conglomerate. As one of the highest-paid Chief Financial Officers (CFOs) in the Tata Group, Chatterjee’s financial acumen has been instrumental in the success of the Rs 1,43,175 crore market cap company.
A Top Earner in the Tata Group:
Koushik Chatterjee, once the highest-paid CFO of the Tata Group, was surpassed by PB Bajali of Tata Motors in the current year. However, Chatterjee’s annual compensation remains substantial, with a staggering Rs 14,21,18,000 (Rs 14.21 crore) reported in the Tata Steel annual report. This translates to earnings of over Rs 3.89 lakh per day.
Financial Journey and Contributions:
Chatterjee’s FY2023 earnings slightly declined compared to the previous year, where he received Rs 15,17,18,000 (Rs 15.17 crore). With only CEO TV Narendran surpassing his compensation at Rs 18.66 crore in FY23, Chatterjee holds a significant position within Tata Steel’s financial hierarchy.
The Persona of Koushik Chatterjee:
Known for his calm and composed demeanour, Koushik Chatterjee maintains a modest lifestyle despite his substantial earnings. Hailing from Asansol, West Bengal, he completed his schooling at St Patrick’s School before pursuing BCom in Kolkata and becoming a Chartered Accountant (CA).
Career Trajectory:
Prior to joining the Tata Group, Chatterjee gained experience working for renowned companies such as Britannia Industries and the audit firm SB Billimoria. It was under the guidance of former Tata Sons CFO Ishaat Hussain that Chatterjee joined Tata Steel. Remarkably, Chatterjee rose to the position of VP Finance at Tata Steel at the age of just 36, eventually assuming the role of CFO in 2012.
Koushik Chatterjee’s role as the CFO of Tata Steel has been vital to the company’s financial success. Despite his significant earnings, Chatterjee remains grounded and is known for his modest lifestyle. With a remarkable career trajectory and valuable contributions to Tata Steel, Chatterjee’s financial expertise continues to play a crucial role in driving the growth and stability of the renowned conglomerate.
