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E-mail ID will not be published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.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • Time and tide are ripe for megaplans such as Sagarmala

    To say that India’s infrastructure is in urgent need of upgrade would be to state the obvious.

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

Urs Schoettli

China looks to India for balance

Almost a third of the total world population lives in ...

Zehra Naqvi

Love and its stories

People must have bread. They can live without stories. No, Hameeda, ...

Dharmendra Khandal

Tiger in urban landscape

Ranthambhore is in a no-win situation. Just a few days ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture