TCS announces measures to aide Chennai Flood hit employees

Just when questions arose about the whereabouts of the corporate giants during Chennai floods, Tata Consultancy Services comes forward with a slew of measures. It has set aside Rs 1,100 crore for interest free salary advances and is creating a Rs 50 crore direct grant fund to help employees hurt by the floods in Chennai.

In a post on the company's internal communication portal, CEO N Chandrasekaran said the cash advances would be in the range of Rs 1 lakh to a maximum equivalent of three months gross salary.

"We hope these measures will help TCSers and our support staff get back on their feet quickly and put this traumatic experience behind us," the company said in a statement to ET.

TCS will also give an ex-gratia grant of one-month's salary upto Rs 15,000 for TCS support and service staff. The company will also reimburse medical claims.

Besides, it will extend its help to the citizens by distributing school and medical kits.

(Image credits: Indiatimes)