Natarajan Chandrasekaran, the Chairman of Tata Sons, saw a significant increase in his salary for the fiscal year 2023-24, reaching ₹135.3 crore.
This represents a 20% rise compared to the previous year, making him the highest-paid professional executive in India.
Details of Chandrasekaran’s Salary
The majority of Chandrasekaran’s income comes from a large commission of ₹121.5 crore, which is based on Tata Sons’ profits.
The rest of his earnings include his regular salary and various other benefits, all contributing to his total pay of ₹135.3 crore for the year.
Tata Sons’ Impressive Financial Growth
Chandrasekaran’s pay increase reflects the strong financial performance of Tata Sons in FY24.
The company reported a 74% jump in its consolidated net profit, which reached ₹49,000 crore.
This significant profit growth highlights the success of the company under Chandrasekaran’s leadership.
In addition, Tata Sons saw a 14.64% rise in its consolidated revenue, bringing the total to ₹4.76 lakh crore.
The company’s net worth also grew by 38% to about ₹1.25 trillion, further strengthening its financial position.
Chandrasekaran’s Leadership and Influence
Chandrasekaran’s earnings not only make him the highest-paid executive in India but also underscore his important role in Tata Sons’ success.
His leadership has been crucial in guiding the company through various challenges and driving its growth.
Under his direction, Tata Sons has continued to expand its global presence and strengthen its core businesses.
Comparison with Other Executives
Compared to other top executives in Tata Sons, Chandrasekaran’s compensation is significantly higher.
For instance, Saurabh Agrawal, the Chief Financial Officer of Tata Sons, earned ₹30.35 crore in FY24, which is an 8% increase from the previous year but still much lower than Chandrasekaran’s pay.
Looking Forward
Chandrasekaran’s leadership will continue to be a key factor in Tata Sons’ future success.
His focus on innovation, sustainability, and global expansion will help the company maintain its strong position in the market.
The increase in his salary reflects not only his past achievements but also the confidence in his ability to lead Tata Sons into the future.
