Tata Sons chair Chandrasekaran refuses FY26 raise as group profit slides 17%
N Chandrasekaran has declined an FY26 pay hike at Tata Sons after FY25 net profit fell 17% to Rs 28,898 crore despite revenue climbing 24% to Rs 5.92 lakh crore. Internal concerns center on capital allocation and weak profitability at new ventures including Air India and Tata Electronics, with TCS still carrying 43% of group profit.
Tata Sons chairman N Chandrasekaran has declined an FY26 pay hike amid internal concerns over capital allocation and profitability of new ventures. FY25 net profit fell 17% to Rs 28,898 crore even as revenue rose 24%.
Why this matters
Follows Tata Sons deferring its listing decision and board postponing Chandrasekaran's extension, as Air India and Tata Digital losses widen FY26 capital strain across the group.
Leadership signals steady at 271 over the last 90 days.