Latest news with #Chandrasekaran
Time of India
8 hours ago
- Business
- Time of India
Financial discipline vital, mistakes costly distractions from group's purpose: Tata Sons Chairman
New Delhi: Tata Sons Chairman N Chandrasekaran has asserted that financial discipline is vital as mistakes are costly distractions from the group's purpose. In his message in the annual report for 2024-25 to shareholders of Tata Sons, which posted a consolidated profit of Rs 28,898.5 crore in 2024-25, down from Rs 34,624.9 crore in 2023-24, Chandrasekaran also said "as parts of the Tata Group drive unprecedented ambition in new industries", he would "stay committed to driving predictability in the rest of our portfolio". Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Public Policy Healthcare others Leadership Design Thinking Degree Operations Management Others Data Analytics healthcare Data Science Finance MCA Project Management MBA Technology Management CXO PGDM Artificial Intelligence Cybersecurity Product Management Digital Marketing Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Tata Sons is the principal investment holding company and promoter of Tata companies. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo As per the company's annual report 2024-25, Tata Sons' consolidated total revenue stood at Rs 5,92,673.56 crore as against Rs 4,76,725.18 crore in 2023-24. On a standalone basis, it posted a total revenue of Rs 38,834.58 crore in FY25 as against Rs 43,893 crore in FY25, while standalone profit for FY25 was at Rs 26,231.74 crore as against Rs 34,653.98 crore in FY24. Live Events He said the group's ambitions have been shaped by the aspirations of India, adding, "be it steel or software, cars or hotels, our incredibly diverse portfolio of companies has brought India's aspirations to reality". Admitting that the Tata Group's "aspirations will challenge us", he said, "Ambition must come with an honest realisation of the mountains we need to climb. I believe that our job is to run our own marathon, not be distracted by someone else's sprint." He noted that while the Tata Group aspires big "but at no stage do we see scale as a destination. Indeed, it is merely an outcome of good execution." "Financial discipline is vital, as mistakes are costly distractions from our purpose. Even as parts of the Tata Group drive unprecedented ambition in new industries, I stay committed to driving predictability in the rest of our portfolio," he said. Citing the group's semiconductors business , he said, "We have chosen to start our chip journey at the 28nm node -- it is a stable node. We will need to build from this foundation and move steadily towards where the cutting-edge of chip manufacturing is today. That, I must tell you, will take several years of serious work." The group not only aspires to build capacity at a time of ever accelerating technological change but would also seek to be able to differentiate its chips to customers with specific areas of expertise, he added. On batteries and renewable power , he said, "Our capacity creation must come with steady and guaranteed offtake, which is the foundation of good financial returns. Our retail and consumer expansion will need to keep an eye on rationally addressing the demands of the Indian consumer. These debates and trade-offs remain vital to the financial health of Tata Group companies." The Tata Group has been on a transformational journey towards financial and strategic fitness, Chandrasekaran said, adding, "It is my deep conviction that we must be fit to perform. To do that, we must be honest that some decisions that might have appeared ideal when they were taken may have aged poorly with time and changing economic conditions." As a result, he said, "Our mantra in the last few years was 'fitness first, velocity next'. I am proud to share that the Tata Group is fit and ready for the future." During the last five years, he said, "Tata Sons has invested about Rs 1,00,000 crore in Tata Group companies and Tata Group companies have made total capex and investments of over Rs 4,50,000 crore." Chandrasekaran also acknowledged that the challenge and opportunity of AI looms, while noting that India stands at a pivotal point in history. " Artificial Intelligence promises to change everything, again, much as the internet did. For our nation, more than others, this moment of flux can be a catalyst for accelerated progress," he noted. Stating that today's Indians are confident, aspiring and ambitious, he said, "We must be. This is a generational opportunity for growth and transformation. It is in times such as these that we must be relentless in both optimism and disciplined execution." Chandrasekaran also dispelled some perception that India as a country is "too late in some vital industries, saying, "We are not. Before us lies an opportunity to leapfrog decades and build a new future. Each business we choose to focus on, lives this aspiration every day."
India.com
11 hours ago
- Business
- India.com
Tata Sons Chairman N. Chandrasekaran's FY25 salary will surprise you, know how much was his total earnings
N Chandrasekaran (File) Chandrasekaran received this salary hike despite a decline in Tata Sons' profits. In FY25, Tata Sons' profit dropped to Rs 26,232 crore from Rs 34,654 crore the previous year. Chandrasekaran's Salary Breakup Chandrasekaran, Executive Chairman of Tata Sons the holding company of the Tata Group that operates in sectors from steel to software earned a total compensation of Rs 155.81 crore in the financial year 2024–25 (FY25). According to a report by Business Standard , this makes him one of the highest-paid corporate leaders in India. The package reflects a nearly 15% increase compared to the previous year. As per the company's annual report, Tata Sons' profit saw a decline of 24.3%, falling from Rs 34,654 crore in FY24 to Rs 26,232 crore in FY25. Meanwhile, Chandrasekaran's total compensation rose to Rs 155.81 crore in FY25, up from Rs 135 crore the previous year, a 15% increase. The report states that this package includes Rs 15.1 crore as salary and other allowances, while Rs 140.7 crore was paid as profit-linked commission. The salary was given at a time when Tata Sons saw a drop in earnings. Chandrasekaran Career As Tata Sons Chairman Chandrasekaran joined the board of Tata Sons in October 2016 and was appointed Chairman in January 2017. Before taking the responsibility at Tata Sons, he spent 30 years at Tata Consultancy Services (TCS), including eight years as CEO and Managing Director until 2017. Under his leadership, TCS became the most valuable company in India. In addition to Tata Sons, he also chairs the boards of Tata Steel Limited and Tata Motors Limited. On July 7, during the Annual General Meeting (AGM) of Indian Hotels Company Limited, N. Chandrasekaran addressed shareholders, expressing optimism about the country's prospects. He said India's future looks 'very strong and bright,' adding that rising domestic consumption will drive economic growth and have a positive impact on the travel and tourism sectors.
Time of India
12 hours ago
- Automotive
- Time of India
Tata Group to focus on chips, digital platforms, EVs: Chandrasekaran
Tata Sons Chairman, N Chandrasekaran, has said that the company's main goal is to scale up its manufacturing excellence in semiconductors , electric vehicles , digital platforms and financial services. In the company's 2025 annual report, he said that Tata Electronics, which makes an annual revenue of ₹66,000 crore, is focusing on building a vertically integrated ecosystem for technology hardware and semiconductor manufacturing. The group has begun its semiconductor journey with the 28nm node and plans to build on that foundation toward advanced chipmaking. "Together with TCS, startups, and other ecosystem players, we will do whatever it takes to make India ready for the GenAI era. We will build the data centres and skill our employees in new AI tools, forge industry-best partnerships and deliver solutions through human+AI models to transform businesses," Chandrasekaran wrote. Tata Son's financial services arm Tata Capital is set to launch its initial public offering in the next six to eight weeks. In the electric vehicle space, Agratas is developing 60 GWh of battery capacity with facilities in India and the UK, supported by research and development centres in Bengaluru and Oxford , Chandrasekaran informed. In batteries and renewable power, our capacity creation must come with steady and guaranteed offtake, which is the foundation of good financial returns, he added. On the Corporate Social Responsibility (CSR) front, he said, the new priorities include reducing waste sent to landfills, creating biodiversity plans, and replenishing the fresh water we use. "I am proud to share with you that Tata Electronics is well on the road – it already employs over 65,000 workforce (of which approximately 70 per cent are women) and has an annual revenue of Rs 66,000 crore. In the capital-intensive world of technology hardware," he further said. Tata Power has quadrupled its renewable energy capacity over the last eight years. The subsidiary now leads India in rooftop solar and electric vehicle charging infrastructure, with 6,700 charging stations nationwide. During the last five years, the Tata Group's aggregate revenues rose by 1.9 times, aggregate net profits rose by 3.6 times, and the leverage ratio halved to 0.7 times.
Economic Times
14 hours ago
- Business
- Economic Times
Tata Sons Chairman N Chandrasekaran's salary package jumps 15% to Rs 156 crore
N Chandrasekaran, the Executive Chairman of Tata Sons, pocketed Rs 155.81 crore in total compensation for the financial year 2024-25, up 15% from the Rs 135 crore he earned a year earlier, according to the company's latest annual report. The package included Rs 15.1 crore in salary and benefits, while a hefty commission on profits accounted for Rs 140.7 crore. ADVERTISEMENT Tata Sons reported a 24.3% drop in net profit to Rs 26,232 crore in FY25, down from Rs 34,654 crore in the previous fiscal. Chandrasekaran's payout cements his position as one of the highest-paid executives in India. Executive Director Saurabh Agrawal earned Rs 32.7 crore in FY25, up 7.7% from the previous year. Noel Tata, who joined the board in October 2024 after the death of Ratan Tata, received a commission of Rs 1.42 Puri, who retired in March 2025, was paid Rs 3.13 crore, while Bhaskar Bhat, who stepped down in August 2024, received Rs 1.33 crore. Venu Srinivasan, representing Tata Trusts, continued to decline any commissions. Speaking at the Indian Hotels Company AGM earlier this month, Chandrasekaran said the outlook for the Tata Group and India's consumption-driven sectors remains 'very strong and bright.' He said, 'As the consumption in India keeps growing, travels will continue to increase.' ADVERTISEMENT He also paid tribute to those who died in the recent Air India India's top corporate leaders, Chandrasekaran's pay is unmatched. ITC Chairman Sanjiv Puri earned Rs 25.66 crore in FY25, while Infosys CEO Salil Parekh's package stood at Rs 82 crore, including Rs 50.88 crore from stock options. ADVERTISEMENT TCS CEO K Krithivasan took home Rs 26.52 crore, Wipro CEO Srinivas Pallia received Rs 53.60 crore, and Tech Mahindra CEO Mohit Joshi's Rs 52.1 crore package was 840 times the average employee salary at his company. Also read | Adani Energy Solutions shares down 36% from peak. Can the stock breakout above Rs 940 after Q1 earnings? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
14 hours ago
- Business
- Economic Times
Saudi Arabia to open real estate market to foreign buyers from 2026
N Chandrasekaran earned ₹155.81 crore in FY25, up 15% YoY, cementing his spot as India's highest-paid executive. Despite a 24.3% profit drop at Tata Sons, his compensation included ₹140.7 crore in commission and ₹15.1 crore in salary and benefits. Tired of too many ads? Remove Ads Boardroom pay snapshot Tired of too many ads? Remove Ads Chandrasekaran on the road ahead How other CEOs stack up N Chandrasekaran, the Executive Chairman of Tata Sons, pocketed Rs 155.81 crore in total compensation for the financial year 2024-25, up 15% from the Rs 135 crore he earned a year earlier, according to the company's latest annual report. The package included Rs 15.1 crore in salary and benefits, while a hefty commission on profits accounted for Rs 140.7 Sons reported a 24.3% drop in net profit to Rs 26,232 crore in FY25, down from Rs 34,654 crore in the previous payout cements his position as one of the highest-paid executives in Director Saurabh Agrawal earned Rs 32.7 crore in FY25, up 7.7% from the previous year. Noel Tata, who joined the board in October 2024 after the death of Ratan Tata, received a commission of Rs 1.42 Puri, who retired in March 2025, was paid Rs 3.13 crore, while Bhaskar Bhat, who stepped down in August 2024, received Rs 1.33 crore. Venu Srinivasan, representing Tata Trusts, continued to decline any at the Indian Hotels Company AGM earlier this month, Chandrasekaran said the outlook for the Tata Group and India's consumption-driven sectors remains 'very strong and bright.' He said, 'As the consumption in India keeps growing, travels will continue to increase.'He also paid tribute to those who died in the recent Air India India's top corporate leaders, Chandrasekaran's pay is unmatched. ITC Chairman Sanjiv Puri earned Rs 25.66 crore in FY25, while Infosys CEO Salil Parekh's package stood at Rs 82 crore, including Rs 50.88 crore from stock options. TCS CEO K Krithivasan took home Rs 26.52 crore, Wipro CEO Srinivas Pallia received Rs 53.60 crore, and Tech Mahindra CEO Mohit Joshi's Rs 52.1 crore package was 840 times the average employee salary at his company.
