Rs 1,35,00,00,000 Earned In 1 Year: Tata's Chairman N Chandrasekaran Gets 20% Hike In FY24 Salary

Natarajan Chandrasekaran, the chairman of Tata Sons and Tata Group are largest conglomerate in the country, drew a salary of more than a whopping Rs 135 crore in the financial year 2023-24. He gets a nearly 20% hike in the said fiscal. The 61-year-old businessman who started his career with Tata Group nearly four decades ago, took command of Tata Sons, the holding company of the conglomerate, in 2017.

As per the latest annual report of Tata Sons, Chandrasekaran received a remuneration of Rs 135.32 crore in FY24. Of the total, he drew a gross salary of Rs 12.43 crore. Meanwhile, he took home a commission worth a whopping Rs 121.50 crore.

His latest salary package rises by 19.75% compared to the salary of Rs 113 crore that he earned in FY23. In the financial year 2022-23, he earned a commission of Rs 100 crore.

Natarajan Chandrasekaran (Chandra) is the Chairman of Tata Sons, the holding company and promoter of all Tata Group companies. Chandra joined the Board of Tata Sons in October 2016 and was appointed Chairman in January 2017. He also chairs the Boards of several group operating companies, including Tata Steel, Tata Motors, Tata Power, Air India, Tata Chemicals, Tata Consumer Products, Indian Hotel Company, and Tata Consultancy Services.

Before becoming the Chairman, he was the Chief Executive of TCS, a company in which he served 30 years, including eight, until 2017, as its CEO. Under Chandra's leadership, TCS became the country's most valuable company.

As per the Tata website, at the Tata Group, Chandra has pursued the "One Tata" strategy, based on the themes of simplification, scale, and synergy. Now he is driving the transformation of the Tata Group towards a sustainable future. He has steered the group into new businesses including semiconductors, electronics manufacturing, consumer internet platforms, mobile technology and battery giga-factories. The Tata Group has expanded its aviation presence with the acquisition of Air India and is building a large global airline. The group's turnover exceeded US$168 billion with a market cap of US$365 billion as of 31st March 2024.

Born in 1963, Chandra has a Bachelor in Applied Sciences and has Masters in Computer Applications. He lives in Mumbai, with his wife Lalitha, and they have a son.

Meanwhile, Tata Sons is the principal investment holding company and promoter of Tata Companies. 66% of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation, and art and culture. Each Tata company or enterprise operates independently under the guidance and supervision of its own Board of Directors.