India’s Top CEOs and Executives: A Look at Their Record-Breaking Pay Packages
- Ravi Kohli
- Jan 16
- 3 min read
Updated: May 11
The significant pay packages of top CEOs and executives in India are a testament to their pivotal roles in driving company growth and profitability. In 2024, leaders from diverse industries like finance, IT consulting, steel, media, and two-wheelers saw their remuneration reflect their influence and hard work in propelling their organizations forward. These figures highlight not just their leadership but also their impact on shaping the future of their companies. Here’s a closer look at some of India’s highest-paid executives as of March 2024.
Abhay Bhutada: A Visionary Leader in the Finance Sector
Abhay Bhutada, now fully engaged in his philanthropic work with the Abhay Bhutada Foundation, earned ₹241.21 crore in 2024. Although he is no longer affiliated with Poonawalla Fincorp, his influence during his tenure was crucial in driving the company’s significant growth. Today, his work through the foundation focuses on giving back to society, marking his shift from the corporate world to meaningful social contributions. Bhutada’s move from business leadership to philanthropy highlights his long-term vision for societal betterment.
Pawan Munjal: Hero MotoCorp’s Global Expansion Architect
Pawan Munjal, Chairman and Wholetime Director of Hero MotoCorp, received a compensation of ₹109.41 crore in 2024. Despite his pay representing only a small percentage of the company’s revenue (0.28%) and net profit (2.92%), Munjal’s leadership has been integral in establishing Hero MotoCorp as a dominant force in the global two-wheeler market. His strategic direction has taken the company beyond national borders, ensuring its leadership position in multiple international markets.
Sudhir Singh: Leading Coforge to Greater Heights
Sudhir Singh, Executive Director and CEO of Coforge, earned ₹105.12 crore in 2024, making up 1.14% of the company’s revenue and a remarkable 13.01% of its net profit. Under his leadership, Coforge has seen strong growth in the IT consulting sector. His strategic decisions have been key in driving the company’s profitability, solidifying its place among the leading firms in the industry.
Vinay Prakash: Overseeing Adani Enterprises’ Expansive Operations
Vinay Prakash, Executive Director at Adani Enterprises, received a compensation of ₹89.37 crore as of March 2024. Although this amounts to just 0.09% of the company’s revenue and 2.76% of its net profit, Prakash has played a vital role in the company’s success. His oversight of Adani Enterprises’ diverse ventures across energy, infrastructure, and other sectors has contributed to its substantial growth and dominance in multiple industries.
Arnob Roy: Steering Tejas Networks to Profitability
Arnob Roy, Whole Time Director and COO of Tejas Networks, earned ₹76.82 crore in 2024, which accounted for 3.03% of the company’s revenue and an outstanding 121.98% of its net profit. His leadership has been crucial in driving Tejas Networks’ success in the telecom equipment sector. Through his strategic focus, the company has achieved impressive profitability, positioning it as a key player in the industry.
Sajjan Jindal: Leading JSW Steel’s Expansion
Sajjan Jindal, Chairman and Managing Director of JSW Steel, earned ₹73.39 crore in 2024. Although his compensation constitutes a small percentage of the company’s overall revenue (0.04%) and net profit (0.83%), his leadership has been pivotal in transforming JSW Steel into one of India’s largest steel manufacturers. Under his guidance, the company has expanded its reach and market share, contributing to its overall success.
Salil S. Parekh: Infosys’ Steady Growth in IT Consulting
Salil S. Parekh, Managing Director and CEO of Infosys, earned ₹66.25 crore in 2024. While his remuneration accounts for only 0.04% of the company’s revenue and 0.25% of its net profit, Parekh’s role in leading Infosys to consistent growth and global success is clear. His leadership continues to guide the company’s efforts in maintaining its position as one of the world’s leading IT consulting and software firms.
Conclusion
The remuneration packages of India’s top CEOs and executives reflect their exceptional leadership and strategic roles in driving the growth of their companies. While these pay figures are significant, they are indicative of the immense value these leaders bring to their organizations. Whether in finance, media, steel, or IT consulting, these executives continue to shape the future of their industries, driving innovation and growth across various sectors in India.
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