In the fiscal year 2022-23, N Chandrasekaran, the Chairman of the Tata group, received a total remuneration of Rs 113 crore, which included a commission of Rs 100 crore based on the company’s profit, as reported in the company’s annual report. In the previous fiscal year of 2021-22, Chandrasekaran’s total remuneration was Rs 109 crore. The annual report from Tata Sons also reveals that Sourabh Agrawal, the Executive Director of Tata Sons, received a total remuneration of Rs 27.82 crore, including a commission of Rs 22 crore. Chandrasekaran’s basic salary for 2022-23 was Rs 5.56 crore per year, in addition to other benefits.
Tata Group Chairman’s Remuneration for FY22-23 and Details of Other Key Figures
TCS compensates its top executives through a combination of salary, benefits, perquisites, and allowances (fixed component), along with commission (variable component), which is often tied to the company’s performance. Several directors at Tata Sons, including Harish Manwani, Vijay Singh, Bhaskar Bhat, Leo Puri, and Ralf Speth, received a commission of Rs 2.8 crore each for FY23. Additionally, Anita George, an independent director appointed in July 2022, received a remuneration of Rs 2.1 crore.
More About Tata Group
The Tata Group is a big Indian company with many businesses. It started in 1868 and has grown to become a global company. It’s based in Mumbai, India, and does various things:
- Makes steel, including in India and around the world.
- Makes vehicles, like cars, trucks, and commercial vehicles.
- Does IT services, helping other companies with technology and outsourcing.
- Provides communication services, like phones and data centers.
- Sells consumer goods, including tea, coffee, and salt.
- Produces energy, focusing more on renewable sources.
- Makes chemicals and fertilizers.
- Owns luxury hotels and resorts around the world.
- Is in financial services, including finance and private equity.
The Tata Group cares about social responsibility and helps with education and healthcare in India. The details of the company might have changed since my last update in 2021, so it’s good to check the latest info from reliable sources.
