TCS Likely to Announce Salary Hikes Soon, Confirms CHRO Milind Lakkad

India’s leading IT services firm Tata Consultancy Services (TCS) is expected to roll out its annual salary increments soon, according to an update from Chief Human Resources Officer Milind Lakkad. Amid growing curiosity among employees, the statement brings clarity on the company’s appraisal timelines. The announcement is particularly relevant for young professionals and tech talent across India, including Tier 2 cities where TCS has expanded its footprint.

Salary Hike Timeline Shared
TCS typically conducts annual salary hikes around April. Speaking at a recent event, CHRO Milind Lakkad said that the company would continue with its appraisal cycle in line with its long-standing policy. While no specific percentage was revealed, the confirmation that hikes will happen on time has brought relief to employees, especially amid uncertain global market conditions.

The company’s last hike came in April 2024, and employees have been awaiting clarity on the upcoming increment.

Stable Growth Despite Global Uncertainty
TCS has shown resilience despite global headwinds such as delayed client spending and cautious IT budgets in key international markets. Despite this, the company has stayed committed to rewarding performance and retaining talent.

In the past year, TCS has also focused on improving internal training, upskilling programs, and creating better long-term career paths, making salary hikes only one part of its broader HR strategy.

What This Means for Tier 2 Talent
TCS has a strong presence in Tier 2 cities like Nagpur, Bhubaneswar, Indore, and Kochi, offering employment to thousands of fresh graduates and mid-level professionals. Timely salary hikes are not just a financial boost but also serve as motivation and job security, especially for those beginning their IT careers in smaller cities.

With remote work models and hybrid teams in place, the benefits of fair appraisals now reach deeper into India’s tech workforce, not just metro-based employees.

Industry Trends and Employee Expectations
The Indian IT industry is seeing cautious optimism when it comes to salary growth in 2025. While some companies are holding off or rolling out modest hikes, TCS’s clarity on its cycle has been appreciated. Employees hope that performance-linked increments and career growth opportunities will continue to stay in focus.

This also sets a tone for peer companies to follow through on their appraisal timelines.

Conclusion:
TCS’s announcement on upcoming salary hikes brings assurance at a time when tech professionals are seeking stability and recognition. As India’s IT sector adapts to changing global dynamics, timely rewards and transparent communication from industry leaders like TCS remain key to employee satisfaction—especially for emerging tech hubs beyond metros.