Record-Breaking Pay Raise: HCLTech CEO C Vijayakumar Tops India's IT Sector Salaries
HCLTech CEO C Vijayakumar earned $10.85 million in FY2024-25, surpassing the earnings of TCS and Infosys chiefs. His pay will rise to $18.6 million next year. Under Vijayakumar's leadership, HCLTech's market value quadrupled, outperforming other Indian IT services firms. The increase recognizes his significant contributions and leadership.
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C Vijayakumar, the CEO of HCLTech, emerged as one of the highest-paid executives in India's IT sector, earning $10.85 million (approximately Rs 94.6 crore) in the financial year 2024-25. His earnings surpassed those of leaders at larger competitors like TCS and Infosys.
The recent approval of a 71% increase in his remuneration, reaching $18.6 million (around Rs 154 crore) for the next fiscal year, reflects the company's recognition of his contributions. Vijayakumar's compensation was significantly bolstered by long-term incentives, including Restricted Stock Units (RSUs) valued at $6.96 million.
Under his leadership since 2016, HCLTech's market capitalization skyrocketed from Rs 1,15,000 crore to Rs 4,32,000 crore by March 31, 2025. While the company's profits dipped in the June quarter, it remains optimistic about future revenue growth. The enhanced salary acknowledges Vijayakumar's pivotal role in HCLTech's remarkable ascent.
(With inputs from agencies.)
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