TCS CEO N Chandrasekaran took home Rs 18.68 crore in FY14

Tags: News
Tata Consultancy Services (TCS), the country's largest software services firm, chief executive officer (CEO) N Chandrasekaran earned a total of about Rs 18.68 crore in the 2013-14 fiscal.

According to TCS' annual report, Chandrasekaran, who became chief executive and Managing Director in October 2009, earned a commission of Rs 15 crore, benefits, perquisites & allowances of Rs 2.38 crore and a salary of Rs 1.3 crore for the year ended March 31, 2014.

Chandrasekaran holds 88,528 shares in TCS.

The total remuneration does not include provisions for encashable leave, gratuity and premium paid for Group Health Insurance, as separate actuarial valuation/premium paid are not available for the Managing Director, it added.

In the letter to the shareholders, Chandrasekaran said: "Your company's services portfolio individuals continued to grow, with an increase in number of customers in USD 1 million plus band increased to 714 (addition of 76 new customers) and in the USD 100 million plus band to 24 (addition of 7 new customers)."

Under Chandrasekaran TCS posted a stellar performance in 2013-14 and reported a record consolidated revenue of Rs 81,809 crore (up 29.9 per cent) and posted a net profit of Rs 19,164 (up 37.7 per cent).

For the January-March 2013-14 quarter, TCS reported a 48.2 per cent jump in consolidated net profit to Rs 5,357.6 against Rs 3,615.64 crore a year earlier.

Consolidated revenue for the quarter was up 31.2 per cent to Rs 21,551.09 crore from Rs 16,430.09 crore in the year-ago period. The results are on India GAAP basis.

It added a net 9,751 employees in the fourth quarter and a net 24,268 employees during the entire financial year to take its head count to 300,464.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • It’s another challenging year for a govt that’s missed 20 of 24 targets

    The government has set an ambitious target for money to be raised through sale of public sector company shares.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Corruption law calls for correction

In any country, it is its laws against corruption that ...

Kuruvilla Pandikattu SJ

Believers of the world set to rise

The world is set to become more religious as the ...

Gautam Gupta

The changing face of the fashion world

Indian fashion industry, like every fashion industry in the world, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture