The average Indian CEO’s salaries at the top listed private companies are being doubled from Rs. 10 crores to Rs. 20 crores. The FY 2015-16 analysis of CEO’s salaries in the top listed companies shows that the average salary paid to the top executives was around Rs 19 crore.
Here is the interesting list of these highest paid CEOs in India.
A. M. Naik
He tops the list of highest paid CEO’s in private sector on Sensex in India. He took home Rs 66.14 crore salary in FY 2015-16. In 1965 he joined L&T as a junior engineer. Now he has worked his way up to CEO position over the years. He is also the chairman of IIM- Ahmadabad.
Rs. 5.96 crore was his basic salary which went up to Rs. 48.73 crore in FY 2015-16. This is inclusive of all the bonuses and variable pay (Rs. 14 crores). He will be receiving a 50% hike in his salary for FY 2016-17. Sikka in 2014, resigned from SAP where he worked as the Executive Board Member for Products and Innovation. He then joined Infosys as the CEO and its MD.
Desh Bandhu Gupta
Founder and CEO of Lupin Ltd, a multinational pharmaceutical company, Gupta last disclosed his salary of Rs. 44.8 crore for FY 2015-16. His net worth is of $7.2 billion making him the 254th richest person in the world according to Forbes.
In 1987 he started his career with TCS and worked his way up slowly to become the IT behemoth’s CEO in 2009. Chandra is also one of the youngest CEOs of Tata Group.
He took over Bajaj Group in the year 1965, currently working as its top most executive with a remuneration of Rs. 22. 32 crore. Rahul Bajaj is of the richest billionaires in the world and his net worth is of $2.4 billion.
Yogesh Chander Deveshwar
He is the CEO and Chairman of Indian conglomerate ITC Ltd. Harvard Business Review listed him as the Best Performing CEO in India. He has also received Padma Bhushan in 2011. His salary is around Rs. 15.15 crore.
He ranks 7th on this list with Rs. 15 crore salary. He is the managing director, chairman and largest shareholder of Reliance Industries Ltd. He may not be the highest paid CEO in India, however, is the country’s richest person according to Forbes list for 10 consecutive years.
In 2013, he started working as the CEO and MD of HUL. He received a salary of Rs. 13.87 crore in the last fiscal year. In 1992, he joined Unilever and managed their business in Bangladesh, Arab, North, North Africa, Philipines and the Middle East.
He started working as the CEO of Wipro in 2016 for a salary of Rs. 11.96 crore. After 23 years in TCS, he left and joined Wipro group as its president and COO.
In 2013, he was appointed as the Bharti Airtel’s CEO. He initially was its Director in-charge and managed its special projects and international business strategy.
(Photo Credit: infosys, financial express, live mint, business standard, Indian Bill Gates)