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Title: India’s highest paid CEOs Post by: Rhea Thomas on July 16, 2009, 01:23:16 AM (http://i328.photobucket.com/albums/l336/glamgalz/funfani/imgs/informative/hights_ceo_01.jpg)
Last year, Prime Minister Manmohan Singh ruffled quite a few feathers when he commented on soaring executive salaries and said the rich must give back to the society and not show off wealth. Some in corporate India took umbrage to those remarks and justified their salaries. The jury is still out on whether huge CEO compensation leads to better company performance. However, in private sector companies in India, CEO compensation is impressively high. By contrast, public sector bosses get a pittance: in some cases, not even one per cent of what the top private sector CEOs get. So who are India's highest paid CEOs? Here's a list. . . Title: Re: India’s highest paid CEOs Post by: Rhea Thomas on July 16, 2009, 01:23:47 AM (http://i328.photobucket.com/albums/l336/glamgalz/funfani/imgs/informative/hights_ceo_02.jpg)
Mukesh Ambani No prizes for guessing who the highest earning CEO in India is. When it comes to earning money, Mukesh Ambani is way ahead of not only his younger brother Anil, but the top brasses of entire India Inc. With a package of Rs 24.51 crore (Rs 245.10 million), Mukesh takes home over ten times the annual remuneration of his brother Anil -- with whom he parted ways over two years ago. In the last fiscal ended March 2007, Mukesh Ambani took home a total Rs 24.51 crore as chairman and managing director of RIL -- which is the highest among more than 10,000 top executives and directors at about 1,200 companies that have disclosed so far their annual remuneration figures for the year. When the brothers were together, they got a package of Rs 21.9 crore (Rs 219 million) each at Reliance Industries in the financial year 2004-05, according to information available in the company's annual report. Title: Re: India’s highest paid CEOs Post by: Rhea Thomas on July 16, 2009, 01:24:31 AM (http://s328.photobucket.com/albums/l336/glamgalz/funfani/imgs/informative/hights_ceo_03.jpg)
Kalanidhi Maran & Kavery Kalanidhi Sun TV chairman and managing director Kalanidhi Maran and joint managing director Kavery Kalanidhi, whose annual remuneration stood at Rs 23.26 crore (Rs 232.6 million) each in 2006-07. Title: Re: India’s highest paid CEOs Post by: Rhea Thomas on July 16, 2009, 01:25:20 AM (http://i328.photobucket.com/albums/l336/glamgalz/funfani/imgs/informative/hights_ceo_04.jpg)
Sunil Bharti Mittal Bharti Airtel's chairman and managing director Sunil Bharti Mittal ranks fourth with an annual pay packet of close to Rs 15 crore (Rs 150 million). Title: Re: India’s highest paid CEOs Post by: Rhea Thomas on July 16, 2009, 01:26:07 AM (http://s328.photobucket.com/albums/l336/glamgalz/funfani/imgs/informative/hights_ceo_05.jpg)
K Anji Reddy Dr Reddy's Laboratories executive chairman K Anji Reddy is the fifth highest paid executive in India with an annual compensation package of Rs 14.4 crore (Rs 144 million). Title: Re: India’s highest paid CEOs Post by: Rhea Thomas on July 16, 2009, 01:26:41 AM (http://i328.photobucket.com/albums/l336/glamgalz/funfani/imgs/informative/hights_ceo_06.jpg)
Brijmohan Lal Munjal & Pawan Munjal Hero Honda's chairman Brijmohan Lal Munjal and the company's managing director and chief executive Pawan Munjal are ranked sixth and seventh with annual salaries of Rs 13.99 crore (Rs 139.9 million) and Rs 13.88 crore (Rs 138.8 million) each. Title: Re: India’s highest paid CEOs Post by: Rhea Thomas on July 16, 2009, 01:27:10 AM (http://i328.photobucket.com/albums/l336/glamgalz/funfani/imgs/informative/hights_ceo_07.jpg)
Naveen Jindal Jindal Steel's executive vice chairman and managing director Naveen Jindal is in the eighth spot with an annual salary of Rs 13.5 crore (Rs 135 million), followed by Hero Honda's joint managing director Toshiaki Nakagawa (Rs 13.44 crore or Rs 134.4 million), and JSW Steel vice chairman Sajjan Jindal (Rs 13.24 crore or Rs 132.4 million) to complete the list of the top ten highest paid Indian CEOs. Title: Re: India’s highest paid CEOs Post by: Rhea Thomas on July 16, 2009, 01:27:42 AM (http://i328.photobucket.com/albums/l336/glamgalz/funfani/imgs/informative/hights_ceo_08.jpg)
A M Naik A M Naik, MD & CEO, Larsen and Toubro, has an annual pay packet of Rs 5.85 crore (Rs 58.5 million). Title: Re: India’s highest paid CEOs Post by: Rhea Thomas on July 16, 2009, 01:28:09 AM (http://i328.photobucket.com/albums/l336/glamgalz/funfani/imgs/informative/hights_ceo_09.jpg)
Anil Ambani Anil Ambani does not even figure in the top-100 list with a total remuneration of about Rs 2.42 crore (Rs 24.2 million) from three of his group companies -- Reliance Energy, Reliance Communications and Reliance Natural Resources Ltd. Anil's package as REL chairman was Rs 2.34 crore (Rs 23.4 million), while as RComm and RNRL chairman he got Rs 4.8 lakh (Rs 480,000) and Rs 3.2 lakh (Rs 320,000), respectively. Title: Re: India’s highest paid CEOs Post by: Rhea Thomas on July 16, 2009, 01:28:50 AM (http://i328.photobucket.com/albums/l336/glamgalz/funfani/imgs/informative/hights_ceo_10.jpg)
Azim Premji The remuneration of as many as 15 executives stood at more than Rs 10 crore (Rs 100 million). These included Cadila Health chairman and managing director Pankaj R Patel (Rs 12.43 crore or Rs 124.3 million); Dr Reddy's managing director and chief operating officer Satish Reddy (Rs 10.87 crore or Rs 108.7 million); Dr Reddy's chief executive officer G V Prasad (Rs 10.87 crore) ; Mercator Lines chairman and managing director Harish Kumar Mittal (Rs 10.07 crore or Rs 100.7 million); and Mercator Lines joint managing director Atul J Agarwal (Rs 10.07 crore). Other CEOs who draw hefty sums include Rajiv Bajaj, managing director, Bajaj Auto, gets Rs 2.08 crore (Rs 20.8 million); B Muthuraman, managing director, Tata Steel has a compensation package of Rs 2.20 crore (Rs 22 million); K V Kamath, managing director and chief executive, ICICI Bank, gets Rs 2.48 crore (Rs 24.8 million); Aditya Puri, managing director, HDFC Bank, gets Rs 1.28 crore (Rs 12.8 million); Malvinder Singh, chief executive, Ranbaxy gets Rs 2.62 crore (Rs 26.2 million); and Azim Premji, chairman and managing director, Wipro, draws Rs 2.53 crore (Rs 25.3 million) as salary. |