HCLTech CEO Vijayakumar's FY25 Compensation Tops Rivals TCS and Infosys, Approved for 71% Increase

HCLTech CEO Vijayakumar earned $10.85mn in FY25, surpassing TCS and Infosys heads. His FY25 compensation tops his peers at India's top two IT firms. The company's board has approved a 71% increase in his remuneration to $18.6mn for the next financial year.

Title: HCLTech CEO Vijayakumar's Compensation Surpasses Peers, Board Approves 71% Increase

HCLTech CEO C. Vijayakumar earned USD 10.85 million in the financial year 2024-25, making him one of the highest-paid executives in the Indian IT sector. This amount surpasses the earnings of chiefs at larger rivals TCS and Infosys. His FY25 compensation places him ahead of his peers at India's top two IT firms. The company's board has approved a 71% increase in his remuneration to USD 18.6 million for the next financial year.

Vijayakumar's total remuneration for FY25 included a base salary of USD 1.96 million and a performance-linked bonus of USD 1.73 million. The largest portion of his earnings came from long-term incentives, with exercised Restricted Stock Units (RSUs) valued at USD 6.96 million. An additional USD 0.20 million was provided in benefits and perquisites. Under Vijayakumar's leadership since 2016, HCLTech's market capitalisation has grown from Rs 1,15,000 crore to Rs 4,32,000 crore by March 31, 2025, reflecting a growth of 3.8 times since FY16. Over the same period, the market capitalisation of the other four leading Indian listed IT services firms among the top five has grown by approximately 2.5 times.

The revised remuneration package for Vijayakumar, effective April 1, 2025, significantly increases both fixed and performance-linked components. The proposed annual salary of USD 18.6 million marks a substantial increase from his FY25 earnings. The revised compensation acknowledges Vijayakumar's successful and long-tenured leadership as CEO and recognises his significant contributions to HCLTech's growth and sustained performance over the years.

HCL Technologies reported a consolidated net profit drop of 9.7% to Rs 3,843 crore for the June quarter due to higher expenses and a one-time client bankruptcy impact. However, the company raised its revenue growth outlook for the full fiscal year to between 3-5% from an earlier estimate of 2-5% based on booking expectations in upcoming quarters. On Friday, HCLTech shares closed at Rs 1,452.95 each on the BSE, reflecting a decline of 0.98%.

References:
[1] https://www.goodreturns.in/news/hcltech-ceo-c-vijayakumar-earns-10-85-million-fy25-011-1447043.html
[2] https://www.business-standard.com/companies/news/hcltech-ceo-vijayakumar-earns-10-85-mn-in-fy25-tops-tcs-infosys-heads-125080300017_1.html
[3] https://www.livemint.com/companies/company-results/hcltech-ceo-c-vijayakumar-earns-10-85-mn-in-fy25-more-than-tcs-infosys-heads-11754163138509.html
[4] https://money.rediff.com/news/market/hcltech-ceo-s-10-85-mn-pay-tops-rivals/31317320250802