Tata Sons appoints international HR firm on Chandrasekaran's salary hike

As of now, Chandrasekaran's annual salary is Rs 24 million, which can go up to Rs 48 million

Tata Sons, the holding company of the Tata Group, has appointed an international executive search firm to give an independent opinion on the salary hike of its chairman, N Chandrasekaran, who will complete his first year in office next month. The firm’s opinion will be taken into consideration by the nomination and remuneration committee (NRC) of the Tata Sons board, which will then recommend a hike for Chandrasekaran.

According to Tata Sons’ annual report for the year ended March 2017, an annual increment will be effective from April 1 every year, and it will be decided by the board based