Tata Sons chief N Chandrasekaran to forgo FY26 pay raise
N Chandrasekaran, who leads Tata Sons, has decided to skip a pay raise for FY26.
This move comes as the group faces questions about how it's investing money and whether some new businesses are actually making profits.
The news came out during recent board meetings, but Tata Sons did not comment.
Tata Sons revenue rose 24%
Even though Tata Sons saw revenue jump 24% in FY25 (up to ₹5.92 lakh crore), net profit actually dropped 17% to ₹28,898 crore.
Chandrasekaran earned ₹155.8 crore in FY25 (fiscal year 2024-25), a 15% bump, mostly from performance bonuses.
Some group companies like Air India struggled with global challenges, and there's been debate over big investments in new ventures.
Still, leaders say projects like Tata Electronics fit well with India's push for more manufacturing.