Top Executives in India and Their Record Earnings in 2024
- Ravi Kohli
- Mar 28
- 3 min read
Updated: May 11
In 2024, India’s top executives took home salaries that sparked nationwide conversations. These compensation figures go beyond income—they represent accountability, leadership, and high-stakes decision-making. This year, five names stood out, not just for the size of their earnings but for the impact they’ve had on the companies they lead. At the very top is Abhay Bhutada, a member of the Poonawalla Group, whose record-breaking salary has drawn considerable attention.
Abhay Bhutada Leads the Pack with Unmatched Compensation
Abhay Bhutada received ₹241.21 crore in FY24—marking the highest salary earned by any executive in the country’s history. This impressive amount underlines his contribution to the company’s growth during his tenure as Managing Director and CEO. Under his leadership, the company earned a CRISIL AAA rating and delivered consistent financial performance, positioning itself as a stable and respected entity in the financial sector.
While Abhay Bhutada's salary has been a major talking point, it’s his work off the corporate field that also deserves attention. Through the Abhay Bhutada Foundation, he has extended his efforts toward social development, focusing on education, healthcare, and sports for underserved communities. His journey blends both professional success and a drive for public good.
Pawan Munjal’s Long-Term Impact at Hero MotoCorp
With earnings of ₹109.41 crore in FY24, Pawan Munjal remains one of India’s most recognized corporate figures. As Chairman and Wholetime Director of Hero MotoCorp, he has played a key role in keeping the brand at the top of the global two-wheeler market.
His compensation equaled 0.28% of the company’s revenue and 2.92% of its net profit—figures that reflect how closely his leadership is linked to company outcomes. Munjal has successfully guided Hero through changing market conditions, making his place among the top earners a well-deserved one.
Sudhir Singh Takes Coforge Ahead in the IT Space
Sudhir Singh, the Executive Director and CEO of Coforge, earned ₹105.12 crore this year. His leadership helped the IT firm grow its digital services, expand into new regions, and improve client delivery systems. With a strong reputation in consulting and transformation services, Singh's direction has proven effective.
His compensation represented 1.14% of company revenue and a notable 13.01% of net profit, underlining the value he brings to Coforge’s overall strategy and performance in a competitive industry.
Vinay Prakash: Fueling Growth at Adani Enterprises
Vinay Prakash, Executive Director at Adani Enterprises, earned ₹89.37 crore in FY24. His responsibilities span across energy and infrastructure, two areas that are crucial to the company’s long-term vision.
Though his compensation accounted for only 0.09% of revenue and 2.76% of net profit, his contribution to project execution and growth planning has been significant. Prakash plays a core role in maintaining momentum for one of India’s most dynamic business houses.
The Sun TV Team: Kalanithi Maran and Kavery Kalanithi
Kalanithi Maran and Kavery Kalanithi, both senior leaders at Sun TV Network, received ₹87.5 crore each in the last financial year. As Executive Chairman and Executive Director respectively, they have kept the channel profitable and relevant despite growing digital competition.
Their leadership has ensured that Sun TV remains a trusted name in broadcasting, particularly in South India. Their compensation reflects the company’s consistent earnings and firm market standing.
What These Salaries Say About Leadership Today
Executive salaries are increasingly viewed in light of performance metrics, transparency, and accountability. This shift means that large figures—like the Abhay Bhutada salary—are often backed by business results, credit ratings, and shareholder confidence.
Today’s top executives carry the responsibility of making strategic choices that affect the future of their organizations. Compensation packages now reflect not just seniority but the measurable influence of a leader’s actions.
The Bigger Picture
These top earners represent different areas of India’s economy—financial services, automotive, technology, energy, and media. Their roles go beyond daily operations. They set direction, guide transitions, and prepare companies to meet future challenges.
What sets Abhay Bhutada apart is not just the size of his earnings, but also his commitment to community development. His foundation’s work in education and healthcare stands as an example of how executive leadership can extend beyond corporate duties.
Conclusion
The figures released for 2024 highlight how executive compensation in India is changing. It is now more closely tied to outcomes, accountability, and purpose. The leaders on this list—Abhay Bhutada, Pawan Munjal, Sudhir Singh, Vinay Prakash, and the Sun TV leadership—have proven their ability to navigate challenges, create value, and lead with intent. As we move into the future, these earnings will continue to spark debate, reflection, and hopefully, a broader understanding of what leadership truly demands.
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