Tata Group hands out huge hikes to top executives

Top executives at the Rs 22-lakh-crore Tata Group received pay increases ranging from 16% to 60%, with high-growth businesses such as Indian Hotels (IHCL), Tata Power, Trent and Tata Consumer leading the list of generous paymasters this year at the country’s most-valued and diversified conglomerate. The board of Tata Sons also acknowledged the group’s highest growth in its history – to $97 billion in sales revenue in 2022-23 – as most large entities expanded 20%, officials said.

The total package comprises salary, perquisites, commission and other benefits. For some executives, the increase is in the range of 20%-50%, data shared by a few group companies in their annual reports showed.