HCL Tech gave a 7% hike to employees, but the CEO’s salary grew by 190%

HCL Technologies (HCLTech), one of India’s leading IT firms, reported a modest 7% average salary hike for its employees, while its CEO, C Vijayakumar, received a staggering 190% increase in remuneration for the fiscal year 2023-24.

The company also posted robust Q3 FY25 financial results, including a 5.5 per cent rise in net profit to Rs 4,591 crore and a 5 per cent increase in revenue, reaching Rs 29,890 crore. It declared an interim dividend of Rs 18 per share, showcasing its financial strength.