Last Updated:
HCLTech CEO C Vijaykumar is India’s highest-paid IT head with a Rs 94.6 crore package for FY 2024-25. HCLTech reported Rs 117,055 crore revenue and Rs 17,390 crore PAT.
HCLTech CEO C Vijaykumar (Image source: HCTTech Annual Report 2024-25)
HCLTech CEO Salary: HCLTech CEO C Vijaykumar is the highest-paid IT head in India with a whopping package of Rs 94.6 crore for the financial year 2024-25. His package outlasted other IT companies’ CEO, including TCS’s Krithivasan (Rs 26.5 crore), Infosys’s Salil Parekh (Rs 80.6 crore), Tech Mahindra’s Mohit Joshi (Rs 53.9 crore), and Wipro’s Srini Pallia (Rs 53.6 crore).
Vijaykumar’s pay package included a base salary of Rs 15.8 crore, a performance-linked bonus of Rs 13.9 crore, long-term restricted stock units (RSUs) worth Rs 56.9 crore, and an additional bonus of Rs 1.7 crore, according to a report of Times of India.
Read More: ITC CEO Salary Revealed: Sanjiv Puri Earns Rs 25.66 Crore During 2024-25; Details Here
The TOI report added that C Vijayakumar received a 7.9% salary hike in FY2024–25, while the average raise for employees (excluding managerial personnel) stood at 3.1%. His remuneration was 662.5 times the median employee salary during the year.
The Board, based on recommendations from the Nomination and Remuneration Committee (NRC), has approved his re-appointment as CEO & MD of HCLTech for a fresh term starting September 1, 2025, and ending on March 31, 2030.
Read More: TCS Layoffs: Here’s The Salary Of Their CEO And Other Top Executives
C Vijaykumar was appointed as the CEO of HCLTech in 2016.
The TOI report added that the Board has hiked his compensation by 71 per cent to $18.6 million (around Rs 154 crore) for the financial year 2025-26. “The revised compensation acknowledges C. Vijayakumar’s successful and long-tenured leadership as CEO, recognizing his significant contributions to the company’s growth and sustained performance over the years.”
Despite macroeconomic uncertainty, HCLTech produced a solid financial performance in FY24. The company’s revenue of Rs 117,055 crore represented a 6.5% increase from the previous year. EBIT increased 7% from the prior year to Rs 21,420 crore, while profit after tax (PAT) increased 10.8% to Rs 17,390 crore. Effective cost control and operational efficiency are reflected in the EBIT margin, which stayed steady at 18.3%.
With revenue from IT and business services reaching Rs 86,438 crore and engineering and R&D services contributing Rs 18,960 crore, HCLTech’s services division drove the expansion. Resilience was also demonstrated by the software sector, which brought in Rs 12,049 crore, a 5.2% increase over the prior year. The company demonstrated strong client confidence by signing 66 large deals with a total contract value of $9.3 billion during the year. HCLTech also announced dividends of Rs 60 per share, which is one of the highest payout ratios in the industry and represents 93.5% of its net income.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
view comments
Read More
