Chandrasekaran Skips FY26 Pay Hike as Tata Board Flags New-Business Capital Burn
Tata Sons chairman N Chandrasekaran declined a salary increase for FY26 after his ₹155.8 crore FY25 package, as the board raised concerns over capital allocation in new ventures including Air India's projected $2.8 billion FY26 loss. Decisions on listing and his tenure extension beyond Feb 2027 were deferred.
Tata Sons chairman N Chandrasekaran declined an FY26 pay hike amid board concerns over capital allocation in new ventures, notably Air India's $2.8 billion loss. Board cleared FY26 accounts but deferred decisions on listing and his tenure extension.
Why this matters
Follows reports of Chandrasekaran refusing an FY26 raise as group profit slid 17%, and a deferred listing call amid widening Tata Digital and Air India losses straining FY26 capital.
Leadership signals steady at 274 in the last 90 days across the retail set.