India’s growth is reflected in (among other parameters) their paychecks! The Lifestyle Journalist Gaurav Goswami takes a look at the salaries of some top CEOs in India. Being at the helm of affairs is not easy. It takes great pain and hard work to make the highest profits. CEOs take the flak for failures and walk with pride (when things go as planned offcourse) and it is this balance that elevates them to a cult status. It is their intelligence, persistence and dedication that keeps the ball rolling in tough times. Here is a look at some top CEO’s in India and their annual incomes.
CP Gurnani
CP Gurnani; born on December 19, 1958, is the CEO and MD of Tech Mahindra. Gurnani earned Rs 146.19 crores in remuneration in FY2017-18, bringing his total earning over the last five years to Rs 510 cores. He is better known as CP among the company personals. Gurnani is the mastermind to turnaround the journey of Mahindra Satyam, the company’s earlier name before it merged with Tech Mahindra.
Mukesh Ambani
The richest person of Asia, Mukesh Dhirubhai Ambani is the Chairman, Managing Director and the largest shareholder of Reliance Industries Limited (RIL) with a 44.7% stake in the company. He was born on 19 April, 1957 and draws a salary of Rs 15 crores annually, he has consistently held the title of India’s richest man. He has capped his own salary from last 10 years at Rs 15 crores.
The Chairman, Managing Director and CEO of Hero Motor Corp earned Rs 59.66 crores in FY17. Pawan Munjal, the 61-year-old intellectual has an inclination towards investing in technological advancement for a rapid growth of the company.
Sunil Mittal, born 23 October 1957, is the Chairman of Bharti Airtel. He earned about Rs 30.19 crores in the year FY2017-18. Mittal has started promoting and working for better education and on other well-being projects in villages, being executed under the brand name of Bharti Foundation incepted in the year 2000.
Kumar Mangalam Birla, born on 14 June 1968, is the Chairman of Aditya Birla Group. He is also the Chancellor of the Birla Institute of Technology and Science (a leading professional studies institute) and the Chairman of the Indian Institute of Technology, Delhi and Indian Institute of Management, Ahmadabad. He took over the company when he was only 28 years of age. Birla took Rs 22.5 crores salary form Ultratech in FY17.
Rajiv Bajaj was born on 21 December 1966 and is the MD of Bajaj Auto. He earned Rs 28.32 crores in FY18. Due to his diligent guidance and interventions, his company has managed to become the second largest manufacture of two-wheelers. Due to Bajaj’s initiative, the company came out with the Bajaj Pulsar motorcycle.
YC Deveshwar
YC Deveshwar; born 4 February 1947, is the Chairman of ITC. He drew a total compensation of Rs 29.85 crores in FY18. The strategies implemented by him earned him the rank of being the 7th Best Performing CEO in the world, and this felicitation was from the Harvard Business panel! He is the longest serving CEO of India, and is also the recipient of Padma Bhushan for his tremendous effort and entrepreneurial skills.
N Chandrasekaran
Natarajan Chandrasekaran; born in 1963, is the chairman of Tata Sons. He was COO and Executive Director of TCS and in 2009 he became the CEO. The 56-year-old Tata group lifer earned Rs 55.11 crores in the form of commission and percentage of profits.