70 years post independence, India is touching new heights is all fields of development. India is the home of Asia’s richest billionaire and is also the home to some of the most well paid executives and a bunch of millionaires. While everyone knows it pays to be a CEO, not many know how much. Let’s take a look at who the 10 highest paid CEO’s of India are and what their salary is.
1. C.P. Gurnani
Gurnani is the CEO of the multinational information technology, networking technology solutions provider Tech Mahindra. For the financial year 2016-2017, Gurnani earned a salary of Rs. 150.7 crores including perks and bonuses. India’s fifth largest service provider pays the highest salary to their CEO, trumping the salaries of the entire boards of TCS, Infosys and Wipro.
2. Kalanithi Maran
The grand nephew of former Tamil Nadu Chief Minister M. Karunanidhi, Kalanithi Maran is the Chairman and MD of The Sun Group, Suryan and Red FM, Sun Cable Vision and Sun Pictures. Having started his entrepreneurial journey in 1990, he has come a long way and has earned Rs. 62 crores for the financial year 2016 – 2017. He was named the “Television king of southern India,” by Forbes and has also won the Young Businessman award from CNBC and Ernst & Young.
3. Pawan Munjal
The Chairman, Managing Director and CEO of Hero Motocorp., Pawan Munjal is the son of Brijmohan Lall Munjal. During its much publicized partnership deal with Honda Motors, Pawan Munjal was the chairman for Hero MotorCorp. For the fiscal year 2016 – 2017, he took home a salary of Rs. 60 crores and is considered to be one of India’s 50 Most powerful people of 2017.
4. Vishal Sikka
The CEO of India’s second largest IT services exporter, Vishal Sikka joined Infosys in 2014. Inducted as a full time director of the board and CEO and MD, his annual compensation was set at $ 6 million with stock options worth $ 5 million. His salary for 2017 was Rs. 45. 11 crores inclusive of a 50% hike in remuneration.
5. N. Chandrasekaran
One of the youngest CEOs of the Tata Group, Natarajan Chandrasekaran took over the position in 2009. He spent his entire career working in Tata Consulting Services and led the company to generate a consolidated revenue of $ 16.5 billion in 2015 – 2016. As a compensation for his services, he took home a salary of Rs. 25.9 crores in 2017.
6. Rahul Bajaj
Harvard Business School alumnus, Rahul Bajaj took over the Bajaj Group in 1965 and is currently serving as the chairman of the conglomerate. For the fiscal year 20156-2017, he earned a salary of Rs. 25.59 crores and is also one of the richest billionaires in the world with a net worth of $2.4 billion.
7. Guenter Butschek
Guenter Butschek was appointed as the chief executive officer of Tata Motors worldwide after two years of extensive search with a proposed annual package of Rs.28-29 crores per year. But for the financial year 2016-2017, Guenter took home Rs. 22.5 crores only as his salary.
8. Kumar Mangalam Birla
One of the main proponents of the Indian Industrial Revolution, Kumar Mangalam Birla is the Chairman of Aditya Birla Group and the chancellor of the Birla Institute of Technology and Science. Birla took over the position of the chairman in 1995 when he was 28 years old. His salary for the financial year 2016 – 2017 was Rs. 22.5 crores.
9. Yogesh Chander Deveshwar
The chairman and CEO of Indian Tobacco Company (ITC,) Yogesh Chander Deveshwar is India’s longest serving CEO and earned nearly the triple of the second highest salary in his company in 2011. For the financial year 2016 – 2017, his salary was Rs. 21.16 crores.
10. Mukesh Ambani
The richest person of Asia, Mukesh Dhirubhai Ambani is the chairman, managing director and largest shareholder of Reliance Industries Limited (RIL) with a 44.7% stake in the company. His net worth is estimated to be around $ 36.2 billion. Asia’s richest man, Mukesh Ambani earned a salary of Rs. 15 crores for the financial year 106 – 2017 and has consistently held the title of India’s richest person.