Tata Consultancy Services managing director and CEO K Krithivasan’s total salary increased 4.6% year-on-year to ₹26.52 crore for the financial year 2024-25 compared with ₹25.35 crore in FY24, according to the IT giant’s annual report.

The basic salary of Krithivasan jumped 9.41% year-on-year to ₹1.39 crore for FY25 as against ₹1.27 crore in the previous fiscal. In addition to this, Krithivasan received ₹2.12 crore in benefits, perks, and allowances, along with ₹23 crore in commission.

The salary of the TCS CEO is 329.8 times higher than the median remuneration of employees.

The CEO's salary increase closely mirrors the wage hikes given to TCS employees last year. As per the annual report, the average annual raise ranged from 4.5% to 7%, with top performers in India receiving double-digit salary hikes.

However, during the course of the year, the total increase came in the range of 5.5-7.5%, after accounting for promotions and other event based compensation revisions. Employees outside India received a wage increase varying from 1.5-6%.

The percentage increase in the median remuneration of employees in FY25 was 6.3%. TCS had 6,07,979 permanent employees on the rolls as on March 31, 2025.

“The increase in remuneration is in line with the market trends in the respective countries,” the annual report noted. “In order to ensure that remuneration reflects the company’s performance, the performance pay is also linked to organisation performance and individual utilisation in addition to individual performance,” it said.

In April 2025, IT bellwether TCS deferred employee salary hikes for this year due to global economic challenges, including rising trade tensions. “Because of the uncertain environment, we will decide during the year on wage hikes. It can be at any time, depending on business," said Milind Lakkad, Chief Human Resources Officer, during the company's fourth-quarter earnings press conference.

TCS crossed the $30 billion revenue milestone in FY25 amid a challenging macroeconomic environment. The company’s annual revenue grew 6% year-on-year to ₹255,324 crore in FY25. TCS reported a total contract value (TCV) of $39.4 billion. “Our AI-First approach significantly advanced talent management, learning, and employee engagement. This has led to industry-leading retention rates with LTM attrition in IT services at 13.3%,” Krithivasan stated in the annual report.

On artificial intelligence, Krithivasan said clients across industries are increasingly shifting their focus from a use-case-based approach to ROI (Return on Investment)-led scaling of AI. TCS is supporting clients by establishing AI Centers of Excellence, creating AI Labs for technology experimentation, building safe, secure, scalable GenAI as a service platforms, providing domain AI solutions for business operations with over 150 AI agents, delivering GenAI-infused services and setting up sovereign secure Cloud with integrated AI, he elaborated.