HCLTech CEO C Vijayakumar's remuneration grew 67 pc to Rs 175 crore in FY26

HCLTech Chief Executive Officer and Managing Director C Vijayakumar drew a total remuneration of USD 1813 million about Rs 175 crore in the financial year 202526 marking a steep increase of nearly 669 per cent over the previous year according to the companys annual reportVijayakumar who is based in the US and draws his salary from the stepdown wholly owned subsidiary HCL America Inc saw his compensation jump primarily due to longterm incentives and stock optionsAccording to the annual report his pay package for FY26 included a base salary of USD 248 million a performancelinked bonus of USD 2 million and benefits and perquisites amounting to USD 031 millionThe bulk of his remuneration came from a longterm incentive LTI cash component of USD 394 million and the perquisite value of Restricted Stock Units RSUs exercised during the year which stood at USD 940 millionThe report noted that without considering the LTI payment and the perquisite value of RSUs the increase in the CEOs remuneration would have been 2286 per centVijayakumars compensation places him at the top of his peers in the Indian IT sector Tata Consultancy Services TCS CEO and MD K Krithivasan took home a total remuneration of Rs 28 crore in 202526 an increase of 63 per cent over the previous yearInfosyss Salil Parekh drew a total remuneration of Rs 8260 crore in FY 202526 marking a 2 per cent increase from the preceding year while Wipros Srinivas Pallia drew a total remuneration of USD 529 million approximately Rs 4964 croreMeanwhile the annual report revealed that Vijayakumars remuneration was 2919 times the median remuneration of HCLTechs global workforceThe median remuneration of HCLTech employees witnessed an increase of 54 per cent during the fiscal yearAs of March 31 there were 170811 permanent employees on the rolls of the company In addition there were 56370 employees in its subsidiariesFor FY26 HCLTech recorded a net profit of Rs 16642 crore reflecting a 430 per cent decline from Rs 17390 crore in FY25 FY26 revenue stood 1118 per cent higher at Rs 130144 croreThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever