<p>Bengaluru: The country’s third-largest IT services company HCLTech CEO and MD C Vijayakumar will receive over 71% hike in his remuneration at Rs 154 crore ($18.60 million) for FY26. In FY25, the CEO, who is the highest paid in the IT industry, took home close to Rs 95 crore ($10.85 million), according to the company’s annual report.</p><p>His proposed remuneration in the current fiscal include a fixed salary of $2,500,000 per annum and performance bonus of up to $3,500,000 per annum. Earlier in FY22, Vijayakumar earned $16.52 million (about Rs 124 crore) as the amount included a long-term incentive (LTI) of $12.5 million. In FY24, he earned $10.06 million (about Rs 84 crore).<br> Last month in its annual report, Tech Mahindra mentioned that its CEO and MD Mohit Joshi took home over Rs 52 crore in FY25.</p><p>Vijayakumar’s salary is more than that of other CEOs including Tata Consultancy Services (TCS) CEO and MD K Krithivasan, whose salary package stood at Rs 26.52 crore in FY25 and Infosys CEO Salil Parekh, whose annual compensation was Rs 80.6 crore in FY25.<br>According to the annual report, under C Vijayakumar’s leadership, during the period FY ‘16 to FY ‘25, relative to its comparable peers, HCLTech delivered the highest Revenue CAGR, second highest EBIT CAGR & Net Income CAGR. In recognition of this, the Nomination and Remuneration committee recommended a one-time award of 282,447 RSUs (Restricted Stock Unit) with a vesting date of October 30, 2026, which the Board has approved. </p>.'Layoff not solution, instead train and retain': Netizens react as post on TCS layoffs sparks debate.<p>In the annual report, Roshni Nadar Malhotra, Chairperson, HCLTech said that despite demand challenges, they achieved best-in-class growth for the second consecutive year. “Our services revenue exceeded Rs 100,000 crore, grew at 6.5% YoY, and have outperformed our comparable peers for the third year in a row. Our software business maintained over $1 billion annual recurring revenue. This highlights the strength of our differentiated portfolio that enables our clients navigate the rapid changes in the technology landscape led by technologies such as AI and quantum computing,” she added.</p><p>Vijayakumar said while there are near-term challenges such as softness in discretionary spends, there are also opportunities as clients look to partners like HCLTech to help them navigate through these times by bringing together the best of technology and people and unlocking the ‘art of the possible’.</p><p>In Q1 FY26, the company posted a 9.7% decline in its consolidated net profit at Rs 3,843 crore, and its revenue stood at Rs 30,349 crore, up 8.2% y-o-y. </p>
<p>Bengaluru: The country’s third-largest IT services company HCLTech CEO and MD C Vijayakumar will receive over 71% hike in his remuneration at Rs 154 crore ($18.60 million) for FY26. In FY25, the CEO, who is the highest paid in the IT industry, took home close to Rs 95 crore ($10.85 million), according to the company’s annual report.</p><p>His proposed remuneration in the current fiscal include a fixed salary of $2,500,000 per annum and performance bonus of up to $3,500,000 per annum. Earlier in FY22, Vijayakumar earned $16.52 million (about Rs 124 crore) as the amount included a long-term incentive (LTI) of $12.5 million. In FY24, he earned $10.06 million (about Rs 84 crore).<br> Last month in its annual report, Tech Mahindra mentioned that its CEO and MD Mohit Joshi took home over Rs 52 crore in FY25.</p><p>Vijayakumar’s salary is more than that of other CEOs including Tata Consultancy Services (TCS) CEO and MD K Krithivasan, whose salary package stood at Rs 26.52 crore in FY25 and Infosys CEO Salil Parekh, whose annual compensation was Rs 80.6 crore in FY25.<br>According to the annual report, under C Vijayakumar’s leadership, during the period FY ‘16 to FY ‘25, relative to its comparable peers, HCLTech delivered the highest Revenue CAGR, second highest EBIT CAGR & Net Income CAGR. In recognition of this, the Nomination and Remuneration committee recommended a one-time award of 282,447 RSUs (Restricted Stock Unit) with a vesting date of October 30, 2026, which the Board has approved. </p>.'Layoff not solution, instead train and retain': Netizens react as post on TCS layoffs sparks debate.<p>In the annual report, Roshni Nadar Malhotra, Chairperson, HCLTech said that despite demand challenges, they achieved best-in-class growth for the second consecutive year. “Our services revenue exceeded Rs 100,000 crore, grew at 6.5% YoY, and have outperformed our comparable peers for the third year in a row. Our software business maintained over $1 billion annual recurring revenue. This highlights the strength of our differentiated portfolio that enables our clients navigate the rapid changes in the technology landscape led by technologies such as AI and quantum computing,” she added.</p><p>Vijayakumar said while there are near-term challenges such as softness in discretionary spends, there are also opportunities as clients look to partners like HCLTech to help them navigate through these times by bringing together the best of technology and people and unlocking the ‘art of the possible’.</p><p>In Q1 FY26, the company posted a 9.7% decline in its consolidated net profit at Rs 3,843 crore, and its revenue stood at Rs 30,349 crore, up 8.2% y-o-y. </p>