Independent directors of Tata Chemicals, TCS get double-digit hikes

S P Thorat, an independent director of Tata Chemicals, received a 26.3% increase in 2016-17

The independent directors of Tata Chemicals and Tata Consultancy Services (TCS), which witnessed a boardroom battle last year after its former chairman Cyrus Mistry’s ouster, received a good increase in compensation for the fiscal year ended March 31.

Statistics collated from the annual reports of the two companies show Y S P Thorat, an independent director of Tata Chemicals, received a 26.3 per cent increase in 2016-17, while Nasser Munjee received a 20.7 per cent hike. Vibha Paul Rishi, who is also an independent director on the board of Tata Teleservices, received a 17.8 per cent hike.

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