SCLTech has re -extended his tenure, showing kindness to CEO C Vijayakumar. Vijayakumar earned $ 10.85 million (about Rs 94.6 crore) in FY 2024-25. This salary includes him among the highest -earning CEOs of India’s IT companies. He received more salary than the CEO of TCS and Infosys.
According to the company’s annual report, HCLTech board has approved their salary to be $ 18.6 million (about Rs 154 crore) for the next financial year. This is 71 percent higher than the current salary.
Vijaykumar’s salary was more than the CEO of TCS-Emphosis
Vijayakumar’s fiscal year 2025 salary puts him ahead of his counterparts of India’s top two IT companies. In this period, TCS CEO K.K. Kritivasan received Rs 26.52 crore, and Infosys CEO Salil Parekh received a salary of Rs 80.62 crore. HCLTech CEO Vijaykumar earned more than Srinivas Pallaia (about Rs 53.6 crore) of Vipro ** and Mohit Joshi (Rs 53.9 crore), CEO of Tech Mahindra.
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$ 1.96 million in Vijayakumar’s salary
According to the company’s report, Vijaykumar’s salary in the financial year ended March 31, 2025 included the basic salary of $ 1.96 million and a perfection-based bonus of $ 1.73 million. The largest part of his earnings came from long -term incentives, including banned stock units (RSUs) worth $ 6.96 million. Additionally, $ 0.20 million was provided in the form of profit and passage.
The company’s market capitalization increased by 3.8 times since Vijayakumar became CEO
Vijayakumar is the CEO of the company since 2016 and lives in the US. His salary company’s US branch HCL America Inc. get from. The company said that when Vijaykumar became CEO in 1016, HCLTech’s market capitalization was Rs 1,15,000 crore, which has now increased to Rs 4,32,000 crore, which shows 3.8 times the increase from FY 2016. In the same period, the market capitalization of the other four major Indian listed IT service firms included in the top five has increased by about 2.5 times.
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Company board approved the implementation of new salary
The company’s board has approved the implementation of Vijaykumar’s new salary from 1 April 2025. It has increased both stable salary and bonus. The report said that this increased salary is to recognize their successful leadership and contribution made in the development of the company.
Profit in June quarter decreased by 9.7%
However, HCL Technologies’ profit declined by 9.7% to Rs 3,843 crore in the June quarter. This was due to the bankruptcy of one customer and increasing expenses. But the company expects better booking in the coming times, so they have estimated the annual revenue growth to 3-5%. Earlier it was 2-5%. HCLTech shares fell 0.98% to close at Rs 1,452.95 on Friday in the stock market.
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