Annual Report 2018-19

Annexure III

Form No. MGT-9

Extract of Annual Return
as on the financial year ended on March 31, 2019
[Pursuant to Section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies
(Management and Administration) Rules, 2014]
I. REGISTRATION AND OTHER DETAILS:
i. CIN: L22210MH1995PLC084781
ii. Registration Date: January 19, 1995
iii. Name of the Company: Tata Consultancy Services Limited
iv. Category / Sub-Category of the Company: Company Limited by shares / Indian Non-Government Company
v. Address of the Registered office and contact details:
9th Floor, Nirmal Building,
Nariman Point,
Mumbai 400 021
Tel: 91 22 6778 9595
Email: investor.relations@tcs.com
Website: www.tcs.com
vi. Whether listed company: Yes
vii. Name, Address and Contact details of Registrar and Transfer Agent, if any:
TSR DARASHAW Limited
6-10, Haji Moosa Patrawala Industrial Estate
20, Dr. E. Moses Road
Mahalaxmi
Mumbai 400 011
Tel: 91 22 6656 8484
Fax: 91 22 6656 8494
Email: csg-unit@tsrdarashaw.com
Website: www.tsrdarashaw.com
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
All the business activities contributing 10% or more of the total turnover of the company shall be stated:

Sr. No. Name and description of main NIC Code of the product / service % to total turnover of the
products / services Company
1. Computer Programming, 620 100
Consultancy and Related Activities
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES

Sr. Name and address of the Company CIN/GLN Holding/ % of Applicable

No. Subsidiary/ shares Section
Associate held
1. Tata Sons Private Limited U99999MH1917PTC000478 Holding 72.02 2(46)
Bombay House, 24, Homi Modi Street, Mumbai, Maharashtra 400 001,
India
2. APTOnline Limited U75142TG2002PLC039671 Subsidiary 89 2(87)
E-Park, No.1, Jubilee Gardens, Cyberabad, Hyderabad, Telangana 500081,
India
3. C-Edge Technologies Limited U72900MH2006PLC159038 - do - 51 2(87)
Palm Centre, Banyan Park, Suren Road, Andheri East, Mumbai,
Maharashtra 400093, India
4. MP Online Limited U72400MP2006PLC018777 - do - 89 2(87)
No 4th Floor, OB 14 to 17 DB City Corporate Block , DB Mall Arera Hill,
Bhopal 462011, Madhya Pradesh, India
5. TCS e-Serve International Limited U72300MH2007PLC240002 - do - 100 2(87)
9th Floor, Nirmal Building, Nariman Point, Mumbai 400021, Maharashtra,
India
6. MahaOnline Limited U72900MH2010PLC206026 - do - 74 2(87)
Directorate of Information Technology, Mantralaya Annex, 7th Floor,
Mumbai 400032, Maharashtra, India
7. TCS Foundation U74999MH2015NPL262710 - do - 100 2(87)
9th Floor, Nirmal Building, Nariman Point, Mumbai 400021, Maharashtra,
India
8. Tata Consultancy Services (Africa) (PTY) Ltd. Not Applicable - do - 100 2(87)
39 Ferguson Road, Illovo, Johannesburg 2196, South Africa
9. Tata Consultancy Services (South Africa) (PTY) Ltd. - do - - do - 100 2(87)
39 Ferguson Road, Illovo, Johannesburg 2196, South Africa
10. Tata Consultancy Services Qatar S. S. C. - do - -do- 100 2(87)
935 Al Fardan Office Tower, Al Fardan 61, P.O. Box No. 31316, Doha, State
of Qatar
11. Tata Consultancy Services Saudi Arabia - do - - do - 76 2(87)
Akaria, Centre II, 7th Floor, Office No 712, Riyadh – 11372, Kingdom of
Saudi Arabia
12. Tata Consultancy Services Asia Pacific Pte Ltd. - do - - do - 100 2(87)
60, Anson Road, # 18-01,Mapletree Anson, Singapore 079914
13. Tata Consultancy Services Malaysia Sdn Bhd - do - - do - 100 2(87)
Level 8, Symphony House, Block D13, Pusat Dagangan Dana 1, Jalan PJU
1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia
14. Tata Consultancy Services (China) Co., Ltd. - do - - do - 93.20 2(87)
1st floor, Tower D 3rd Block Zhongguancun Software Park, Building No. 9,
No. 8 Dongbeiwang West Road, Haidian District, Beijing, People’s Republic
of China
15. PT Tata Consultancy Services Indonesia - do - - do - 100 2(87)
Gedung Menara Prima Lt.6 Unit F, Jl. Dr. Ide Anak Agung Gde Agung
Blok 6.2, Kawasan Mega, Kuningan Kel. Kuningan Timur, Kec. Setiabudi
Jakarta Selatan 12950, Indonesia
16. Tata Consultancy Services (Thailand) Limited -do- - do - 100 2(87)
32/46, Sino-Thai Tower, 18th Floor, Sukhumvit 21 Road (Asoke) Road,
Klongtoey-Nua Sub-District, Wattana District, Bangkok, Thailand
17. Tata Consultancy Services (Philippines) Inc. - do - - do - 100 2(87)
10th Floor, Panorama Towers, 34th Street Corner, Lane A, Bonifacio Global
City, Taguig City, Philippines 1634
 Annual Report 2018-19

Sr. Name and address of the Company CIN/GLN Holding/ % of Applicable

No. Subsidiary/ shares Section
Associate held
18. Tata Consultancy Services Japan, Ltd. Not Applicable Subsidiary 51 2(87)
4-1-4 Shibakoen, Minato Ku, Tokyo, Japan
19. Tata Consultancy Services Canada Inc. - do - - do - 100 2(87)
400 University Avenue, 25th Floor, Toronto, Ontario M5G 1S5, Canada
20. Tata Consultancy Services De Espana S.A. - do - - do - 100 2(87)
C/ Santa Leonor 65, Edificio F 2a Planta 28037, Madrid, Spain
21. Tata Consultancy Services Deutschland GmbH - do - - do - 100 2(87)
Messeturm, D-60308 Frankfurt a.M., Germany
22. Tata Consultancy Services Netherlands BV - do - - do - 100 2(87)
Symphony Towers, 20th Floor, Gustav Mahlerplein 85-91, 1082 MS
Amsterdam, The Netherlands
23. Tata Consultancy Services Sverige AB - do - - do - 100 2(87)
Mäster Samuelsgatan, 42 SE 111 57, Sweden
24. Tata Consultancy Services Belgium - do - - do - 100 2(87)
Lenneke Marelaan 6, 1932 Sint-Stevens-Woluwe, Belgium
25. TCS Italia s.r.l. - do - - do - 100 2(87)
Corso Italia 1, Milano 20122, Italy
26. Diligenta Limited - do - - do - 100 2(87)
Lynch Wood, Peterborough, Cambridgeshire, PE2 6FY, United Kingdom
27. Tata Consultancy Services (Portugal) Unipessoal Limitada - do - - do - 100 2(87)
Av. José Gomes Ferreira, 15.7 U, 1495-139 Algés, Portugal
28. Tata Consultancy Services Luxembourg S.A. - do - - do - 100 2(87)
Rue Pafebruch 89D, L - 8308 Capellen, Luxembourg
29. Tata Consultancy Services Switzerland Ltd - do - - do - 100 2(87)
Thurgauerstrasse 36/38, 8050 Zurich, Switzerland
30. Tata Consultancy Services Osterreich GmbH - do - - do - 100 2(87)
Orbi Tower, Thomas Klestil-Platz 13, 1030 Wien, Austria
31. Tata Consultancy Services Danmark ApS - do - - do - 100 2(87)
C/o CityCallCenter ApS, Hammerensgade 1, 2, 1267 Kobenhavn K,
Denmark
32. Tata Consultancy Services France SA - do - - do - 100 2(87)
Tour Franklin-La Defense 8, 100/101 Terrasse Boieldieu -92042, La Defense
Cedex, Paris, France
33. TCS FNS Pty Limited - do - - do - 100 2(87)
Level 6, 76 Berry Street, North Sydney, NSW 2060 Australia
34. TCS Financial Solutions Australia Holdings Pty Limited - do - - do - 100 2(87)
Level 6, 76 Berry Street, North Sydney, NSW 2060 Australia
35. TCS Financial Solutions Australia Pty Limited - do - - do - 100 2(87)
Level 6, 76 Berry Street, North Sydney, NSW 2060 Australia
36. TCS Financial Solutions Beijing Co., Ltd. - do - - do - 100 2(87)
Unit 2509, No.23, Qinghe Anningzhuang East Road No.18, Haidian District,
Beijing, Peoples Republic China 100193
37. TCS Iberoamerica SA - do - - do - 100 2(87)
Colonia 1329; Montevideo, Uruguay (Postal Code: 11100)
38. TCS Solution Center S.A. - do - - do - 100 2(87)
Ruta 8, km 17500, Zonamerica, Ed 600, Montevideo, Uruguay
39. Tata Consultancy Services Argentina S.A. - do - - do - 100 2(87)
Uspallata 3046; Capital Federal, Ciudad Autónoma de Buenos Aires,
Argentina (CP: C1437JCJ)
Sr. Name and address of the Company CIN/GLN Holding/ % of Applicable
No. Subsidiary/ shares Section
Associate held
40. Tata Consultancy Services De Mexico S.A., De C.V. Not Applicable Subsidiary 100 2(87)
Av. Insurgentes Sur 664, 2nd Floor, Colonia Del Valle, Ciudad de Mexico,
México, DF, México (Postal Code: 03100)
41. TCS Inversiones Chile Limitada - do - - do - 100 2(87)
Curico 18, Piso 3 & 5, Santiago, Chile (Postal Code: 8330088)
42. Tata Consultancy Services Do Brasil Ltda - do - - do - 100 2(87)
Alameda Madeira, 328 - 13° andar, Alphaville Industrial -
Barueri – SP. Zip Code 06453-020
43. Tata Consultancy Services Chile S.A. - do - - do - 100 2(87)
Curicó 18, Piso 3 & 5, Santiago, Chile (Postal Code: 8330088)
44. TATASOLUTION CENTER S.A. - do - - do - 100 2(87)
Francisco Salazar E10-61 and Camilo Destruge, Building INLUXOR
7th Floor; Quito, Ecuador
45. TCS Uruguay S.A. - do - - do - 100 2(87)
Monte Caseros 2600, Montevideo, Uruguay (Postal Code:11100)
46. Technology Outsourcing S.A.C. - do - - do - 100 2(87)
Las Begonisa 475, Sexto Pisa, San Isidro, Lima 27- Peru
47. MGDC S.C. - do - - do - 100 2(87)
Avenue Tizoc No.97, Colonia Ciudad del Sol, Zapopan Jalisco, Guadalajara,
Mexico (Postal Code 45050)
48. Tata America International Corporation - do - - do - 100 2(87)
101, Park Avenue, 26th Floor, New York 10178, U.S.A.
49. CMC Americas, Inc. - do - - do - 100 2(87)
379 Thornall Street, Edison 08837, New Jersey, U.S.A.
50. TCS e-Serve America, Inc. - do - - do - 100 2(87)
Corporation Trust Center, 1209, Orange Street, Wilmington, New Castle
County, Delaware – 19801 U.S.A.
51 W12 Studios Limited -do- - do - 100 2(87)
75 Bayham Street, London, England, NW1 0AA
 Annual Report 2018-19

IV. SHAREHOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
i) Category-wise Shareholding
 Sr. Category of shareholders No. of shares held at the beginning of the year April 1, 2018 No. of shares held at the end of the year March 31, 2019 %
No.   Demat Physical Total % of total Demat Physical Total % of total Change
  shares shares during
the year
A.  Promoters and Promoter Group
(1) Indian
(a) Individuals/Hindu - - - - - - - - -
Undivided Family
(b) Central Government/ - - - - - - - - -
State Government(s)
(c) Bodies Corporate 1,376,673,818 - 1,376,673,818 71.9 2,703,542,000 - 2,703,542,000 72.0 0.1
(d) Financial Institutions/ - - - - - - - - -
Banks
(e) Others-Trust - - - - - - - - -
Sub-Total (A) (1) 1,376,673,818 - 1,376,673,818 71.9 2,703,542,000 - 2,703,542,000 72.0 0.1
(2) Foreign 
(a) Individuals (Non- - - - - - - - - -
Resident Individuals/
Foreign Individuals)
(b) Bodies Corporate - - - - - - - - -
(c) Institutions - - - - - - - - -
(d) Qualified Foreign - - - - - - - - -
Investor
(e) Any Other (specify) - - - - - - - - -
Sub-Total (A) (2) - - - - - - - - -
Total Shareholding of 1,376,673,818 - 1,376,673,818 71.9 2,703,542,000 - 2,703,542,000 72.0 0.1
Promoter and Promoter
Group (A)
(B) Public Shareholding
(1) Institutions
(a) Mutual Funds/UTI 41,197,074 1,725 41,198,799 2.2 93,354,218 3,450 93,357,668 2.5 0.3
(b) Financial Institutions/ 542,844 2,555 545,399 - 707,232 5,110 712,342 - -
Banks
(c) Cental Government/State 890,812 - 890,812 - 2,037,771 - 2,037,771 0.1 0.1
Government(s)
(d) Venture Capital Funds - - - - - - - - -
(e) Insurance Companies 90,163,887 - 90,163,887 4.7 196,172,807 - 196,172,807 5.2 0.5
(f) Foreign Institutional 2,903,768 - 2,903,768 0.2 4,732,576 - 4,732,576 0.1 (0.1)
Investors
(g) Foreign Venture Capital - - - - - - - - -
Investors
(h) Qualified Foreign - - - - - - - - -
Investors
(i) Foreign Portfolio 320,212,127 - 320,212,127 16.7 588,110,025 - 588,110,025 15.7 (1.0)
Investors (Corporate)
(j) Any Other (specify) - - - - - - - - -
Sub-Total (B) (1) 455,910,512 4,280 455,914,792 23.8 885,114,629 8,560 885,123,189 23.6 (0.2)
 Sr. Category of shareholders No. of shares held at the beginning of the year April 1, 2018 No. of shares held at the end of the year March 31, 2019 %
No.   Demat Physical Total % of total Demat Physical Total % of total Change
  shares shares during
the year
(2) Non-Institutions 
(a) Bodies Corporate 6,543,057 18,072 6,561,129 0.3 12,451,882 34,647 12,486,529 0.3 -
(b) Individuals -
i Individual shareholders 55,447,184 817,080 56,264,264 2.9 114,051,696 1,414,588 115,466,284 3.1 0.2
holding nominal share
capital up to `1 lakh

ii Individual shareholders 12,205,322 - 12,205,322 0.7 20,132,741 - 20,132,741 0.5 (0.2)

holding nominal share
capital in excess of `1
lakh
(c) Qualified Foreign - - - - - - - - -
Investors
(d) Any Other
i Trusts 3,956,861 - 3,956,861 0.2 9,879,420 - 9,879,420 0.3 0.1
ii Foreign Companies 28 - 28 - 56 - 56 - -
iii Clearing Members/ 1,777,666 - 1,777,666 0.1 3,842,202 - 3,842,202 0.1 -
Clearing House
iv Alternative Investment 825,661 - 825,661 - 1,663,495 - 1,663,495 - -
Fund
v IEPF Suspense A/c 108,050 - 108,050 0.1 248,790 - 248,790 0.1 -
Sub-total (B) (2) 80,863,829 835,152 81,698,981 4.3 162,270,282 1,449,235 163,719,517 4.4 0.1
Total Public Shareholding 536,774,341 839,432 537,613,773 28.1 1,047,384,911 1,457,795 1,048,842,706 27.9 (0.2)
(B) = (B)(1)+(B)(2)
TOTAL (A)+(B) 1,913,448,159 839,432 1,914,287,591 100.0 3,750,926,911 1,457,795 3,752,384,706 100.0 -
(C) Shares held by - - - - - - - - -
Custodians and
against which
Depository Receipts
have been issued
GRAND TOTAL (A)+(B)+(C) 1,913,448,159 839,432 1,914,287,591 100.0 3,750,926,911 1,457,795 3,752,384,706 100.0 -
 Annual Report 2018-19

ii) Shareholding of Promoters (including Promoter Group)

Sr. Shareholder’s Shareholding at the beginning of the year April 1, 2018 Shareholding at the end of the year March 31, 2019 % change in
No. Name shareholding
No. of shares % of total % of shares No. of shares % of total shares % of shares
during the year
shares of the pledged/ of the Company pledged/
Company encumbered to encumbered to
total shares total shares
1. Tata Sons 1,376,118,911 71.9 2.1 2,702,450,947 72.0 2.1 0.1
Private Limited
(Promoter)
2. Tata Industries 3,610 - - 7,220 - - -
Limited*
3. Tata Investment 527,110 - - 1,036,269 - - -
Corporation
Limited*
4. Tata Steel Limited* 23,804 - - 46,798 - - -
5. The Tata Power 383 - - 766 - - -
Company Limited*
Total 1,376,673,818 71.9 2.1 2,703,542,000 72.0 2.1 0.1
* Forms part of the Promoter Group

iii) Change in Promoters’ (including Promoter Group) Shareholding (please specify, if there is no change)
Sr. Name of the shareholder Shareholding at the beginning Date Reason Increase/Decrease in Cumulative shareholding
No. of the year April 1, 2018 Shareholding during the year
No. of shares % of total No. of shares % of total No. of shares % of total
shares of the shares of the shares of the
Company Company Company
1. Tata Sons Private Limited 1,376,118,911 71.9 1,376,118,911 71.9
(Promoter) 03-Jun-2018 Bonus issue 1,376,118,911 71.9
21-Sep-2018 Tendered in (49,786,875) (1.3)
buy-back offer
2,702,450,947 72.0
2. Tata Industries Limited* 3,610 - 3,610 -
03-Jun-2018 Bonus issue 3,610 -
7,220 -
3. Tata Investment 527,110 - 527,110 -
Corporation Limited* 03-Jun-2018 Bonus issue 527,110 -
21-Sep-2018 Tendered in (17,951) -
buy-back offer
1,036,269 -
4. Tata Steel Limited* 23,804 - 23,804 -
03-Jun-2018 Bonus issue 23,804 -
21-Sep-2018 Tendered in (810) -
buy-back offer
46,798 -
5. The Tata Power Company 383 - 383 -
Limited* 03-Jun-2018 Bonus issue 383 - -
766 -
* Forms part of the Promoter Group
iv) Shareholding Pattern of top ten shareholders (other than Directors, Promoters and holder of GDRs and ADRs):
Sr. Top Ten Shareholders* Shareholding at the beginning of the year Cumulative shareholding at end of the year
No April 1, 2018 March 31, 2019
No. of shares % of total shares of No. of shares % of total shares of
the Company the Company
1. Life Insurance Corporation of India 75,384,947 3.9 152,493,927 4.1
2. SBI Mutual Fund 7,056,720 0.4 21,680,561 0.6
3. First State Investments Icvc- Stewart 15,054,489 0.8 19,248,438 0.5
Investors Asia Pacific Leaders Fund
4. Government of Singapore 6,497,754 0.3 18,028,475 0.5
5. Oppenheimer Developing Markets Fund 7,996,009 0.4 16,731,906 0.5
6. ICICI Prudential Life Insurance Company 3,886,141 0.2 16,139,316 0.4
Ltd
7. Axis Mutual Fund Trustee Limited 4,055,256 0.2 15,244,614 0.4
8. Abu Dhabi Investment Authority 6,296,384 0.3 15,036,984 0.4
9. Vanguard Emerging Markets Stock Index 7,595,080 0.4 14,112,213 0.4
Fund, A Series of Vanguard International
Equity Index Funds
10. Vanguard Total International Stock Index 6,179,273 0.3 13,978,944 0.4
Fund
* The shares of the Company are traded on daily basis and hence the datewise increase/decrease in shareholding is not
indicated. Shareholding is consolidated based on permanent account number (PAN) of the shareholder.
v) Shareholding of Directors and Key Managerial Personnel:
Sr. Name of the Shareholder Date Reason Shareholding at the beginning Cumulative shareholding at the
No. of the year end of the year
April 1, 2018 March 31, 2019
No. of shares % of total No. of shares % of total
shares of the shares of the
Company Company
Directors
1. N Chandrasekaran 01-Apr-2018 88,528 - 88,528 -
03-Jun-2018 Bonus issue 88,528 - 177,056 -
31-Mar-2019 177,056 -
2. Aarthi Subramanian 01-Apr-2018 2,800 - 2,800 -
03-Jun-2018 Bonus issue 2,800 - 5,600 -
31-Mar-2019 5,600 -
3 Rajesh Gopinathan 01-Apr-2018 1,130 - 1,130 -
03-Jun-2018 Bonus issue 1,130 - 2,260 -
31-Mar-2019 2,260 -
4. N Ganapathy Subramaniam 01-Apr-2018 98,880 - 98,880 -
03-Jun-2018 Bonus issue 98,880 - 197,760 -
31-Mar-2019 197,760 -
5. Keki Mistry* 01-Apr-2018 NA NA NA NA -
18-Dec-2018 4,078 - 4,078 -
31-Mar-2019 4,078 -
Key Managerial Personnel
1. Ramakrishnan V 01-Apr-2018 1,000 - 1,000 -
03-Jun-2018 Bonus issue 1,000 - 2,000 -
31-Mar-2019 2,000 -
2. Rajendra Moholkar 01-Apr-2018 182 - 182 -
03-Jun-2018 Bonus issue 182 - 364 -
31-Mar-2019 364 -
*Appointed as Additional and Independent Director w.e.f. December 18, 2018 and hence shareholding details have been disclosed w.e.f.
December 18, 2018.
 Annual Report 2018-19

V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not due for payment
(` crore)
Secured loans Unsecured loans Deposits Total
excluding deposits Indebtedness
Note 1 Note 2 Note 3
Indebtedness at the beginning of the financial year
i) Principal Amount 44 181 3 228
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) 44 181 3 228
Change in Indebtedness during the financial year
• Addition - - 1 1
• Reduction (5) (181) - (186)
Net change (5) (181) 1 (185)
Indebtedness at the end of the financial year
i) Principal amount 39 - 4 43
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) 39 - 4 43
Notes:
1. Secured loans excluding deposits of `39 crore as at March 31, 2019, represents obligations under finance lease including current portion
of obligations.
2. Opening balance as at April 1, 2018, of unsecured loans represent bank overdraft of `181 crore.
3. Deposits represent amounts received from lessee for the premises given on sub-lease and from vendors for contracts to be executed.
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. Remuneration to Managing Director, Whole-time Directors and / or Manager:
(` lakh)
Sr. Particulars of Remuneration Name of MD/WTD/Manager
No. Rajesh Gopinathan N Ganapathy Subramaniam Total Amount
Chief Executive Chief Operating Officer and
Officer and Managing Executive Director
Director
1. Gross salary
(a) Salary as per provisions contained in Section 17(1) of the 115.74 109.02 224.76
Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961 126.76 13.30 140.06
(c) Profits in lieu of salary under Section 17(3) of the - - -
Income-tax Act, 1961
2. Stock Option - - -
3. Sweat Equity - - -
4. Commission 1,300.00 900.00 2,200.00
as % of profit 0.03 0.02 0.05
5. Others, Allowances 60.35 138.76 199.11
Total (A) 1,602.85 1,161.08 2,763.93
Ceiling as per the Act (@ 10% of profits calculated under Section 404,348.06
198 of the Companies Act, 2013)
 B. Remuneration to other directors:
(` lakh)

Sr. Particulars of Remuneration Sitting Fees for Commission Others, please Total Amount
No. attending board/ specify
committee meetings
1. Independent Directors
Aman Mehta 4.80 315.00 - 319.80
V Thyagarajan* 3.00 100.00 - 103.00
Prof Clayton M Christensen** 0.30 75.00 - 75.30
Dr Ron Sommer 5.10 220.00 - 225.10
O P Bhatt 7.50 215.00 - 222.50
Dr Pradeep Kumar Khosla 2.10 150.00 - 152.10
Hanne Sorensen*** 0.60 50.00 - 50.60
Keki Mistry*** 0.60 50.00 - 50.60
Don Callahan**** 0.30 35.00 - 35.30
Total (1) 24.30 1,210.00 - 1,234.30
2. Other Non-Executive Directors
N Chandrasekaran@ 3.60 - - 3.60
Aarthi Subramanian@@ 5.70 - - 5.70
Total (2) 9.30 - - 9.30
Total (B)=(1+2) 33.60 1,210.00 - 1,243.60
Total Managerial Remuneration
Ceiling as per the Act (@1% of profits calculated under 40,434.81
Section 198 of the Companies Act, 2013)
* Relinquished the position of Independent Director w.e.f. July 10, 2018.
** Relinquished the position of Independent Director w.e.f. September 28, 2018.
*** Appointed as Additional and Independent Director w.e.f. December 18, 2018.
**** Appointed as an Additional and Independent Director w.e.f. January 10, 2019.
@
As a policy, N Chandrasekaran, Chairman, has abstained from receiving commission from the Company.
@@
In line with the internal guidelines of the Company, no payment is made towards commission to the Non-Executive Directors of the
Company, who are in full time employment with any other Tata company.
C. Remuneration to Key Managerial Personnel other than MD / Manager / WTD
(` lakh)
Sr. Particulars of Remuneration Key Managerial Personnel
No. Ramakrishnan V Rajendra Moholkar Total
Chief Financial Officer Company Secretary
1. Gross salary
(a) Salary as per provisions contained in Section 17(1) of the 72.06 21.66 93.72
Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) of the Income-tax Act, 43.54 1.20 44.74
1961
(c) Profits in lieu of salary under Section 17(3) of the - - -
Income-tax Act, 1961
2. Stock Option - - -
3. Sweat Equity - - -
4. Commission - - -
as % of profit - - -
5. Others, Allowances 297.47 117.29 414.76
Total 413.07 140.15 553.22
Note: For more information, please refer to the Corporate Governance Report.
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:
There were no penalties, punishment or compounding of offences during the year ended March 31, 2019.