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HCLTech Board Approves 71% Pay Increase for CEO Vijayakumar

His CEO term now runs to March 2030 after securing the sector’s largest executive pay increase

Overview

  • Vijayakumar earned USD 10.85 million in FY25, making him the highest-paid CEO among India’s leading IT firms
  • The board’s approval raises his total remuneration to USD 18.6 million for FY26
  • His FY25 pay package included a USD 1.96 million base salary, a USD 1.73 million bonus, USD 6.96 million in RSUs and USD 0.20 million in perks
  • Since taking charge in 2016, he has driven HCLTech’s market capitalization up 3.8-times to Rs 4.32 lakh crore
  • The company has formally extended his tenure as CEO and managing director through March 31, 2030