India’s Top Executive Salaries in 2024 Led by Abhay Bhutada
- Ravi Kohli
- Apr 21
- 3 min read
Updated: May 11
India’s corporate sector witnessed a notable shift in 2024 with several executives receiving high compensation packages. These earnings reflect more than just personal income. They show how leadership and results are valued in today’s competitive environment. At the top of the list is Abhay Bhutada, whose compensation became a significant talking point across business media.
Abhay Bhutada’s salary sets a national record
Abhay Bhutada received ₹241.21 crore as salary in FY24, making him the highest-paid executive in India. His work has been marked by performance-driven decisions, financial discipline, and forward-thinking strategies. As a key member of the Poonawalla Group, he helped achieve strong credit ratings and positioned the business for long-term growth.
His role was not limited to boardrooms and investor meetings. Through the Abhay Bhutada Foundation, he has been actively supporting students, health programs, and sports initiatives. His social impact runs parallel to his corporate journey, building his image as a responsible and results-focused leader.
Also read - India's Top 5 Highest-Paid Executives in 2024
Pawan Munjal earns second spot with strong auto sector performance
Pawan Munjal, who leads Hero MotoCorp, earned ₹109.41 crore in FY24. As Chairman and CEO, he maintained the company’s lead in the two-wheeler segment across India and international markets. His management decisions have kept the brand stable despite increasing market competition.
His salary accounts for 0.28% of Hero MotoCorp’s total revenue and 2.92% of its net profits. These numbers suggest that his value to the company goes beyond routine operations—he’s been central to shaping the company’s future and keeping it resilient in a rapidly changing industry.
Sudhir Singh’s success in technology leadership
Sudhir Singh, who serves as CEO and Executive Director of Coforge, earned ₹105.12 crore during FY24. His leadership in IT consulting and digital services helped the company stay competitive and grow globally.
With a salary that equals 1.14% of Coforge’s revenue and 13.01% of its net profits, Sudhir Singh’s contribution is clearly tied to the company’s progress. His focus on digital transformation has not only brought in new clients but also helped existing ones adapt to technology shifts.
Also read - Abhay Bhutada's Finance Journey
Vinay Prakash continues to drive expansion at Adani Enterprises
Vinay Prakash received ₹89.37 crore in salary for FY24. As Executive Director, he leads major operations within Adani Enterprises, particularly in the infrastructure and energy sectors. These divisions are crucial for India’s growing development needs.
Even though his pay accounted for just 0.09% of total revenue and 2.76% of the company’s profit, his influence over large-scale projects and strategic expansion is undeniable. His work plays a central role in meeting national infrastructure goals and corporate ambitions.
Sun TV’s leadership pair earn matching paychecks
Kalanithi Maran and Kavery Kalanithi, who are Executive Chairman and Executive Director respectively at Sun TV Network, each took home ₹87.5 crore in FY24. They have maintained the network’s lead in the South Indian entertainment sector, both on traditional TV and digital platforms.
Their leadership helped Sun TV maintain a stable performance in terms of viewership and revenue. The entertainment industry has seen many changes in recent years, and their approach to programming and media strategy has kept the brand consistent and profitable.
Abhay Bhutada Salary and its deeper significance
Abhay Bhutada’s salary does more than just reflect business success. It highlights the shift in Indian corporate culture, where leaders are rewarded not only for financial outcomes but also for their social contribution. His work through the Abhay Bhutada Foundation connects him to causes that affect education, rural youth, and access to health services.
This combination of corporate performance and public good makes him stand out in the current executive class. His journey shows that today’s leaders are expected to perform across multiple areas of responsibility.
Public conversations around executive pay
High salaries also invite public scrutiny. People often question whether such amounts are justified. But in cases like these, where results back the reward, the numbers speak for themselves. Whether it’s expanding business, supporting digital initiatives, or building strong credit histories, these leaders have proven their worth.
In addition, when executives like Abhay Bhutada channel a portion of their influence into charitable work, it broadens the value they bring—not just to the company but also to society.
Conclusion
Going forward, compensation in India’s corporate sector will likely continue to focus on results. Companies are moving toward clear performance-linked rewards. At the same time, leaders are expected to be more than just boardroom strategists—they’re seen as public figures who must contribute beyond the bottom line.
The individuals mentioned here—Abhay Bhutada, Pawan Munjal, Sudhir Singh, Vinay Prakash, and the Marans—represent a new era of leadership where impact is rewarded, visibility is expected, and responsibility is shared.
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