TCS bonanza: Rs 2,628cr bonus for staffers - The Diwali windfall has come s- Navbharat Times Photodhamal

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The Diwali windfall has come six months early for 2.5 lakh employees of software services giant Tata Consultancy Services (TCS). India's biggest private sector employer and top recruiter of women will dole out a special reward amounting to Rs 2,628 crore ($423 million), probably the biggest-ever bonus payout by an Indian company.

In This Pic : N Chandrasekaran

Pic Courtesy : PTI

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TCS will gift staffers one week's salary for every year of service completed, to mark 10 years of its listing on the Indian bourses. Staffing firms said this marked a feel-good factor for India Inc at the beginning of the new financial year.

Pic Courtesy : PTI

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The 51-year-old Chandrasekaran, the second highest paid professional CEO in India's IT services sector, joined TCS as a programmer in 1987 and rose to become its boss in 2009.

In This Pic : N Chandrasekaran

Pic Courtesy : PTI

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"The 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," said Chandrasekaran.

In This Pic : N Chandrasekaran

Pic Courtesy : BCCL

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While TCS employs over 3 lakh people worldwide, onethird of them women, the bo nus will be applicable to those staffers, based in the country and outside, who have completed at least a year in service.

In This Pic : TCS bonanza: Rs 2,628cr bonus for staffers

Pic Courtesy : BCCL