1 week ago
Chandrasekaran’s Remuneration Outpaced Tata Group Profit Growth Rates
N Chandrasekaran is paid to lead Tata Sons.
His yearly pay includes a base salary and commission.
It rose from Rs 55.1 crore in FY18 to Rs 158.7 crore in FY26.
That was an average yearly increase of 14.1 per cent.
During the same period, Tata Sons’ adjusted profit went down overall.
The profits of Tata Group’s listed companies did increase, but more slowly than his pay.
The market value of the companies also grew more slowly than his remuneration.
The comparison shows that his pay increased faster than the group’s measured profits and market value.
N Chandrasekaran’s annual remuneration rose from Rs 55.1 crore in FY18 to Rs 158.7 crore in FY26.
His remuneration increased at a compound annual growth rate of 14.1 per cent over the period.
Tata Sons’ consolidated adjusted net profit declined 11.9 per cent to Rs 17,923 crore in FY26 from Rs 20,344 crore in FY18.
Combined net profit of Tata Group’s listed companies grew at a 9.2 per cent CAGR, reaching Rs 90,698 crore in FY26.
The combined market capitalisation of Tata companies grew at an 11.9 per cent CAGR between FY18 and FY26.
- Who
- N Chandrasekaran, chairman of Tata Sons.
- What
- His remuneration grew faster than Tata Sons’ adjusted profits, the listed companies’ combined profits, and their combined market capitalisation.
- Where
- Tata Sons and Tata Group companies.
- When
- Between FY18 and FY26, covering the last eight years cited.
- Why
- The comparison examines how executive remuneration changed relative to group profits and market value.
Key facts
- Executive
- N Chandrasekaran
- Remuneration in FY18
- Rs 55.1 crore
- Remuneration in FY26
- Rs 158.7 crore
- Remuneration CAGR
- 14.1 per cent
- Tata Sons adjusted net profit
- Declined from Rs 20,344 crore in FY18 to Rs 17,923 crore in FY26
- Listed companies’ combined profit CAGR
- 9.2 per cent
- Combined market-capitalisation CAGR
- 11.9 per cent











