HCLTech CEO C Vijayakumar's Remuneration Jumps 67% to $18.13 Million in FY26
En resumen
- HCLTech CEO C Vijayakumar's total remuneration surged by nearly 67% to $18.13 million in FY26, primarily from long-term incentives and stock options.
- His pay is 291.9 times the median employee remuneration and places him at the top among his Indian IT sector peers.
Resumen generado por IA
Por qué importa
HCLTech's annual report for FY26 revealed a significant increase in CEO C Vijayakumar's remuneration, placing him among the highest-paid in the Indian IT sector.
HCLTech Chief Executive Officer and Managing Director C Vijayakumar drew a total remuneration of USD 18.13 million (about Rs 175 crore) in the financial year 2025-26, marking a steep increase of nearly 66.9 per cent over the previous year, according to the company's annual report.
Vijayakumar, who is based in the US and draws his salary from the step-down wholly owned subsidiary HCL America Inc., saw his compensation jump primarily due to long-term incentives and stock options.
According to the annual report, his pay package for FY26 included a base salary of USD 2.48 million, a performance-linked bonus of USD 2 million, and benefits and perquisites amounting to USD 0.31 million.
The bulk of his remuneration came from a long-term incentive (LTI) cash component of USD 3.94 million and the perquisite value of Restricted Stock Units (RSUs) exercised during the year, which stood at USD 9.40 million.
The report noted that without considering the LTI payment and the perquisite value of RSUs, the increase in the CEO's remuneration would have been 22.86 per cent.
Vijayakumar's 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 2025-26, an increase of 6.3 per cent over the previous year.
Infosys's Salil Parekh drew a total remuneration of Rs 82.60 crore in FY 2025-26, marking a 2 per cent increase from the preceding year, while Wipro's Srinivas Pallia drew a total remuneration of USD 5.29 million (approximately Rs 49.64 crore).
Meanwhile, the annual report revealed that Vijayakumar's remuneration was 291.9 times the median remuneration of HCLTech's global workforce.
The median remuneration of HCLTech employees witnessed an increase of 5.4 per cent during the fiscal year.
As of March 31, there were 170,811 permanent employees on the rolls of the company. In addition, there were 56,370 employees in its subsidiaries.
For FY26, HCLTech recorded a net profit of Rs 16,642 crore, reflecting a 4.30 per cent decline from Rs 17,390 crore in FY25. FY26 revenue stood 11.18 per cent higher at Rs 130,144 crore.
Preguntas abiertas
- How will HCLTech address the pay disparity?
- What is the rationale behind the specific long-term incentive structure?
