TCS spend on employees is justified: Tata Sons chairman N Chandrasekaran

Chandrasekaran said sometimes specialist skills don't depend on the qualifications but on the employee's experience

Tata Consultancy Services (TCS) shareholders cheered the company's movement to the spot ahead of IBM in market cap at the 24th annual general meeting on Thursday, though many of them were apprehensive of the rising employee cost, especially retaining some staff beyond the age of 60 and even in some cases 72.
 
Some of them raised concerns that the company may be splurging a lot of money given that over 100 employees now earn more than Rs 1 crore towards salary.
 
Tata Sons Chairman N Chandrasekaran, however, justified the employee costs. "It's not correct to say that the