Chandrasekaran Skips FY26 Pay Hike as Tata Board Flags New-Business Capital Burn
Tata Sons chairman N Chandrasekaran declined a salary increase for FY26 after his ₹155.8 crore FY25 package, as the board raised concerns over capital allocation in new ventures including Air India's projected $2.8 billion FY26 loss. Decisions on listing and his tenure extension beyond Feb 2027 were deferred.
What happened
Tata Sons chairman N Chandrasekaran declined an FY26 pay hike amid board concerns over capital allocation in new ventures, notably Air India's $2.8 billion
Key facts
- ₹155.8 crore FY25 remuneration
- 15% YoY hike
- ₹15.1 crore salary
- ₹140.7 crore commission
- $2.8 billion Air India FY26 loss
- ₹26,800 crore
- 25.1% SIA stake
Why this matters
Board scrutiny of new-business capital allocation suggests Tata may tighten M&A and venture funding criteria, narrowing the window for partnership and divestiture conversations.