TCS has achieved something big. It is now the world’s second-largest IT services company, crossing $30 billion in annual revenue. The company is also India’s largest IT firm and has reached a brand value of $21.3 billion. TCS is celebrating this success internally, with the CEO calling it a milestone and praising the company’s ability to stay agile and innovative.
But while the company is celebrating on one side, employees are left with delayed salary hikes. Yes, TCS has decided not to give out the usual appraisals in April 2025. The Chief Human Resources Officer, Milind Lakkad, said that due to global uncertainty, the company will “decide during the year” on salary hikes. That means employees have no idea when or if they will get a raise, even though the company continues to grow.
TCS reported a revenue of ₹64,479 crore for the last quarter, up 5.3% compared to last year. But profit dropped slightly by 1.7% to ₹12,224 crore. Even if the profit was not as expected, the numbers are still huge. Yet, the people who contribute to these results are not getting rewarded.
Instead of a proper appraisal, the company is giving out quarterly variable pay. For the last quarter, 70% of employees will get full variable pay, and the rest will get it based on how their business unit performed. This kind of system creates more confusion and does not offer a real sense of job growth or recognition.
TCS is also hiring new people—625 employees were added in the last quarter alone. The company now has more than 6 lakh employees and plans to hire around 42,000 freshers this year. So while new people are joining and the company is expanding, the ones already working hard inside the system are being told to wait for a raise.
This is not the first time TCS has done this. A similar approach was taken during the COVID-19 pandemic. The company has a history of calling employees “resources” and treating them like numbers. There is job stability at TCS, but no clear path to growth or appreciation.
