SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

TCS makes 10-year anniversary bonus payment

Indian firm TCS hands out bonuses worth $423 million

HRjobs: Asia's only regional recruitment website 100% dedicated to HR jobs.
Post your HR vacancy FREE of charge here »

To mark the 10th anniversary of its IPO in 2004, Tata Consultancy Services (TCS) announced a one-time bonus for employees worth Rs 2,628 crores, or $423 million.

The reward is applicable to all employees globally who have completed at least one year of service. They will receive a bonus payment equivalent to one week’s salary for every year of service completed at TCS.

N Chandrasekaran, CEO and MD of TCS, said: “Today, we act as a strategic partner to many global customers and TCSers are well-known for their ability to execute, innovate and provide leadership in the customer’s context.”

ALSO READ: Tech giants woo new mothers through enhanced maternity leave policies

“This special reward to employees acknowledges the role they have played in building TCS into one of the most respected and valued technology services companies in the world.”

TCS went public in August 2004 listing its shares on the Bombay Stock Exchange and the National Stock Exchange, and has since gained the highest market capitalisation in the Indian stock market.



Don't miss Employee Benefits Asia, Asia's leading C&B conference in Hong Kong, Kuala Lumpur and Singapore in May. Maximise your savings now!

Read More News

in All markets by

Are your staff moonlighting?

More than half of moonlighters are working on the side to deal with higher costs of living, while others do it to explore a new ca..

Trending

Leave a Reply

You must be logged in to post a comment.