In a year marked by impressive corporate growth, several top CEOs and executive leaders in India have seen their remuneration packages reflect their significant contributions to the success of their companies.
As of March 2024, key figures across sectors such as finance, IT consulting, steel, media, and two-wheelers have earned remarkable salaries, underscoring their leadership roles in driving profitability and expansion. From Abhay Bhutada at Poonawalla Fincorp to Salil S. Parekh at Infosys, these industry giants continue to shape the future of their organizations, making a lasting impact on both the business landscape and their bottom lines.
Here are the top 10 Indian CEO and Executives with their high remuneration:
- Abhay Bhutada, Non-Executive Director at Poonawalla Fincorp, received a remuneration of Rs 241.21 crore as of March 2024. As a leader in the finance sector, including NBFCs, his compensation accounts for 7.66 per cent of the company’s revenue and 14.33 per cent of its net profit, underscoring his pivotal contribution to Poonawalla Fincorp’s growth and success.
- Pawan Munjal, Chairman & Wholetime Director of Hero MotoCorp, earned a remuneration of Rs 109.41 crore as of March 2024. Although his compensation accounts for just 0.28 per cent of the company’s revenue and 2.92 per cent of its net profit, his leadership has been crucial in positioning Hero MotoCorp as a global leader in the two-wheeler industry.
- Sudhir Singh, Executive Director & CEO of Coforge, receives a remuneration of Rs 105.12 crore as of March 2024. His compensation, representing 1.14 per cent of the company’s revenue and 13.01 per cent of its net profit, highlights his significant contribution to the growth and profitability of the IT consulting firm.
- Vinay Prakash, Executive Director at Adani Enterprises, earns a remuneration of Rs 89.37 crore as of March 2024. His compensation, which accounts for 0.09 per cent of the company’s revenue and 2.76 per cent of its net profit, reflects his crucial role in overseeing the company’s diverse operations across sectors such as energy and infrastructure.
- Kalanithi Maran, Executive Chairman of Sun TV Network , and Kavery Kalanithi, Executive Director of the same company, both earn a remuneration of Rs 87.5 crore as of March 2024. As a media mogul, Kalanithi Maran’s leadership has propelled Sun TV Network to a dominant position in the Indian broadcasting and cable TV industry. Meanwhile, Kavery Kalanithi, continuing her father’s legacy, plays a crucial role in the company’s operations. Their compensation reflects their significant contributions to the success of Sun TV Network.
- Naveen Jindal, Executive Chairman of Jindal Steel & Power , receives a remuneration of Rs 84.995 crore as of March 2024. His leadership has been instrumental in establishing Jindal Steel & Power as one of India’s top steel producers, with his compensation reflecting his essential contribution to the company’s growth.
- Arnob Roy, Whole Time Director & COO of Tejas Networks , earns a remuneration of Rs 76.82 crore as of March 2024. His compensation, which constitutes 3.03 per cent of the company’s revenue and an impressive 121.98 per cent of its net profit, reflects his strategic leadership in driving the company’s telecom equipment business and significantly enhancing its profitability.
- Sandeep Kalra, Executive Director & CEO of Persistent Systems , receives a remuneration of Rs 76.59 crore as of March 2024. His compensation is closely linked to the company’s revenue (0.77 per cent) and net profit (7 per cent), reflecting his essential role in establishing Persistent Systems as a leader in the IT consulting sector.
- Sajjan Jindal, Chairman & Managing Director of JSW Steel , earns a remuneration of Rs 73.39 crore as of March 2024. Although his salary constitutes a small percentage of the company’s revenue (0.04 per cent) and net profit (0.83 per cent), his leadership has been instrumental in transforming JSW Steel into one of India’s largest steel producers, driving its overall success.
- Salil S. Parekh, Managing Director and CEO of Infosys , received a remuneration of Rs 66.25 crore as of March 2024. As the head of one of the leading IT consulting and software firms, his compensation represents a small fraction of the company’s revenue (0.04 per cent) and net profit (0.25 per cent), highlighting his role in steering Infosys’s ongoing growth and success.
