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CEO's Pay Jumps Nearly 9% to Rs 25 Crore
5 Jul
Summary
- CEO Puneet Chhatwal's remuneration rose by nearly 9% to Rs 25 crore in FY26.
- The CEO's pay-to-median employee ratio increased to 521.7 in FY26.
- Basic salary scale for the CEO will rise to a maximum of Rs 30 lakh monthly.
In the financial year 2026, Puneet Chhatwal, the Managing Director and CEO of Tata Group-owned Indian Hotels Company Ltd (IHCL), received a remuneration of Rs 25 crore. This represents an increase of nearly 9% from the Rs 23 crore he earned in the previous fiscal year, FY25.
The report highlights that the ratio of Chhatwal's remuneration to the median employee pay at IHCL rose to 521.7 in FY26, up from 506.1 in FY25. The median employee remuneration itself saw a 5.5% increase during FY26.
Chhatwal's compensation package for FY26 included Rs 14.21 crore in salary and performance bonus, Rs 4.84 crore for benefits and perquisites, and Rs 5.95 crore as commission. Shareholders approved a revision to his basic salary scale, effective April 1, 2026, increasing the maximum monthly basic salary from Rs 22 lakh to Rs 30 lakh for the remainder of his tenure until November 5, 2027.
