L&T Technology Services CEO pay falls 17.4% to ₹14.96 crore in FY26
Synopsis
LTTS CEO Amit Chadha's total pay dropped 17.4% to ₹14.96 crore in FY26 — even as the company posted 14% revenue growth and crossed $850 million in large-deal bookings. At 147.63 times the median employee salary, the pay ratio remains a flashpoint for governance watchers despite the year-on-year decline in executive compensation.
Key Takeaways
Amit Chadha received ₹14.96 crore in total remuneration for FY2025-26 , down 17.4% year-on-year.
His pay comprised a base salary of ₹5.77 crore , commission of ₹2.62 crore , variable pay of ₹1.68 crore , and ESOP perquisites of ₹4.88 crore .
CEO pay was 147.63 times the median employee salary of ₹10.1 lakh as of 31 March 2026 .
CFO Rajeev Gupta drew ₹3.83 crore in FY26, down 3.6% from the previous year.
LTTS posted full-year revenue of ₹10,995.9 crore (up 14%) and net profit of ₹1,279.2 crore (up 0.98%) for FY26.
Large-deal bookings crossed $850 million ; employee headcount stood at 23,830 .
Amit Chadha, Chief Executive Officer and Managing Director of L&T Technology Services (LTTS), received a total remuneration of ₹14.96 crore in FY2025-26, marking a 17.4% decline from the previous fiscal year, according to the company's annual report. Despite the drop, Chadha's pay remained 147.63 times the median employee salary at LTTS — a ratio that underscores the widening executive-to-workforce pay gap at India's listed engineering services firms.
Breakdown of CEO Remuneration
Chadha's compensation package comprised a base salary of ₹5.77 crore, commission earnings of ₹2.62 crore, and variable pay of ₹1.68 crore. He also received ₹4.88 crore in perquisites linked to the exercise of Employee Stock Ownership Plans (ESOPs) granted in prior years. LTTS clarified that the remuneration was paid in US dollars and the disclosed figure reflects its equivalent value in Indian rupees.
Employee Pay and Pay Ratio
The median salary of LTTS employees stood at ₹10.1 lakh as of 31 March 2026, reflecting a 3.91% increase during the financial year. While the median salary edged upward, the CEO-to-median pay ratio of 147.63x will likely draw scrutiny from institutional investors and proxy advisory firms, particularly in the context of a year when overall CEO compensation declined. Rajeev Gupta, Chief Financial Officer of LTTS, drew a remuneration of ₹3.83 crore in FY26, which was 3.6% lower compared to the previous fiscal year.
LTTS Business Performance in FY26
On the financial front, LTTS reported a 6.75% year-on-year increase in consolidated net profit at ₹332 crore for the January–March quarter of FY26. Revenue from operations for the same quarter rose 8.3% to ₹2,857.9 crore. For the full financial year ended 31 March 2026, the company posted a net profit of ₹1,279.2 crore, marginally up 0.98% from ₹1,266.7 crore recorded in FY25. Revenue from operations for the full year climbed 14% to ₹10,995.9 crore.
Deal Wins and Workforce
LTTS also disclosed that its FY26 large-deal bookings crossed $850 million, signalling continued demand for engineering and technology services globally. The company's employee strength stood at 23,830 at the end of the financial year. Notably, the combination of double-digit revenue growth and a moderation in top executive pay could reflect a recalibration of variable compensation structures tied to specific performance thresholds. As LTTS heads into FY27, its ability to sustain deal momentum and translate large-deal bookings into revenue will be closely watched by analysts.
Point of View
But the 147.63x pay ratio tells a more complex story — median employee salaries rose just 3.91% while the company delivered 14% revenue growth. The ESOP-heavy structure of Chadha's package means the headline decline is partly a timing artefact of when prior-year stock grants were exercised, not necessarily a structural reset. With large-deal bookings crossing $850 million, the real governance question for FY27 is whether variable pay frameworks will reward execution on those wins — and whether median wage growth will keep pace with the revenue trajectory that executive compensation is benchmarked against.
NationPress
28 Jun 2026
Frequently Asked Questions
What was Amit Chadha's total salary for FY26?
Amit Chadha, CEO and MD of L&T Technology Services, received a total remuneration of ₹14.96 crore in FY2025-26, a decline of 17.4% from the previous fiscal year. His package included base salary, commission, variable pay, and ESOP-linked perquisites.
Why did LTTS CEO pay fall in FY26?
The decline was partly driven by lower ESOP perquisites — which are linked to the exercise of stock grants from prior years — along with adjustments in variable and commission components. LTTS also noted that the remuneration is paid in US dollars, so currency movements affect the disclosed rupee equivalent.
How does Amit Chadha's pay compare to LTTS employees?
Chadha's FY26 remuneration was 147.63 times the median employee salary at LTTS, which stood at ₹10.1 lakh as of 31 March 2026. The median salary grew 3.91% during the financial year.
How did L&T Technology Services perform financially in FY26?
LTTS reported full-year revenue from operations of ₹10,995.9 crore, up 14% year-on-year, and a net profit of ₹1,279.2 crore, marginally higher by 0.98% compared to FY25. Large-deal bookings for the year crossed $850 million.
What was the CFO's remuneration at LTTS in FY26?
Rajeev Gupta, Chief Financial Officer of LTTS, received ₹3.83 crore in FY26, which was 3.6% lower than the previous fiscal year.
