Tata Sons chair Chandrasekaran declines FY26 pay hike as group profit slips 17%
N. Chandrasekaran has waived a pay hike for FY26 amid capital-allocation concerns at Tata Electronics and other new ventures. FY25 group revenue rose 24% to ₹5.92 lakh crore, but net profit fell 17% to ₹28,898 crore, with TCS contributing 43%. His FY25 pay was ₹155.8 crore (+15%).
What happened
Tata Sons chairman N. Chandrasekaran has declined a pay hike for FY26 amid concerns over capital allocation and profitability of new ventures, as group net
Key facts
- FY25 revenue ₹5.92 lakh crore (+24%)
- net profit ₹28,898 crore (-17% YoY)
- TCS 43% of group net profit
- Chandrasekaran FY25 pay ₹155.8 crore (+15%)
- salary ₹15.1 crore
- commission ₹140.7 crore
Why this matters
The chairman's symbolic pay waiver coupled with capex concerns at Tata Electronics suggests the group may slow inorganic expansion or seek partners to share the bill on semiconductor and new-economy bets.