Tata Steel global CEO and group ED get remuneration raise for FY21

Average percentage decline in employees' salary 2.6% due to pandemic

Tata Steel, the country’s oldest steel producer, handed a raise in terms of managerial remuneration to its senior staffers for the previous fiscal year. TV Narendran, global CEO and managing director of Tata Steel, received a 38 per cent hike in terms of commision and bonus, while Koushik Chatterjee, group executive director (finance & corporate), got a 23 per cent raise.
 
However, Chairman N Chandrasekaran abstained from receiving the commission as part of a policy, according to the annual report for FY21.
 
On the other hand, given the adverse impact of Covid-19 on the economy, employees of Tata