The country’s third-largest IT services company HCLTech CEO and MD C Vijayakumar will receive over 71% hike in his remuneration at Rs 154 crore ($18.60 million) for FY26. In FY25, the CEO, who is the highest paid in the IT industry, took home close to Rs 95 crore ($10.85 million), according to the company’s annual report.
His proposed remuneration in the current fiscal include a fixed salary of $2,500,000 per annum and performance bonus of up to $3,500,000 per annum. Earlier in FY22, Vijayakumar earned $16.52 million (about Rs 124 crore) as the amount included a long-term incentive (LTI) of $12.5 million. In FY24, he earned $10.06 million (about Rs 84 crore). Last month in its annual report, Tech Mahindra mentioned that its CEO and MD Mohit Joshi took home over Rs 52 crore in FY25.
Vijayakumar’s salary is more than that of other CEOs including Tata Consultancy Services (TCS) CEO and MD K Krithivasan, whose salary package stood at Rs 26.52 crore in FY25 and Infosys CEO Salil Parekh, whose annual compensation was Rs 80.6 crore in FY 25.
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