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Vice-chairperson Madhur Bajaj was paid Rs 8.5 crore.

It was lower at Rs 8.5 crore in 2012-13.įor the latest fiscal, RIL’s Mukesh Ambani got Rs 15 crore as its chairperson and managing director, while Gautam Adani was paid Rs 2.8 crore in the same role at Adani Ports and SEZ.Īt Adani Ports, whole-time director Malay Mahadevia was paid Rs 10.7 crore, while the company said that Karan Adani, who was appointed CEO with effect from January 1, 2016, did not draw any remuneration for the year.Īt Bajaj Auto, chairperson Rahul Bajaj was paid Rs 11.3 crore, while son Rajiv Bajaj got Rs 22.32 crore as its MD. The average CEO salary at the Sensex companies stood at about Rs 9.9 crore in 2013-14, before rising to nearly Rs 14 crore in 2014-15. The latest figures were not available for four companies - Sun Pharma, Maruti, Hero MotoCorp and Cipla. Those at the lower end in terms of overall remuneration were mostly bankers and included Axis Bank’s Shikha Sharma (Rs 5.5 crore), ICICI Bank’s Chanda Kochhar (Rs 6.6 crore), HDFC Bank’s Aditya Puri (Rs 9.7 crore).Īt housing finance giant HDFC Ltd, chairperson Deepak Parekh was paid just Rs 1.89 crore, while vice-chairperson and CEO Keki Mistry got Rs 9.3 crore and MD Renu Sud Karnad got Rs 8.5 crore. The analysis is based on the disclosures made by 20 out of the total 24 private sector companies on the Sensex, as the remaining four are yet to disclose their figures.Īmong the six PSUs on the Sensex, the figure for 2015-16 is available as yet only in case of State Bank of India (SBI), whose chairperson Arundhati Bhattacharya got just about Rs 31.1 lakh.Īmong the private sector giants on the Sensex, the highest-paid in 2015-16 included L&T’s A M Naik (Rs 66.14 crore, more than half of which was ‘value of perquisites’ at nearly Rs 39 crore), Infosys’ Vishal Sikka (Rs 48.73 crore) and Lupin’s Desh Bandhu Gupta (Rs 44.8 crore). This includes salary, commissions, allowances, value of all perquisites and ESOPs exercised during the year, among other benefits disclosed by the companies as part of the total remuneration to their top-paid executives which included executive chairpersons, CEOs or managing directors.

In India, the average CEO salaries at top private companies, on the other hand, is way above the same at their public sector counterparts at just about Rs 25-30 lakh.Īn analysis of the CEO salaries for the latest financial year 2015-16 disclosed by the country’s top listed companies, forming part of the stock market benchmark index Sensex, shows that they paid an average overall remuneration of close to Rs 19 crore to their top executives. However, this remains less than one-sixth of the average CEO salaries at the top listed companies in the US, which stood at close to USD 20 million (about Rs 130 crore) in 2015 despite a decline from the previous year. The commission was Rs 1.3 crore in the previous year.Īmbani’s wife Nita Ambani, a non-executive director on the company’s board, earned Rs 6 lakh sitting fee.Īpart from Ambani, the RIL board has Meswani brothers, Prasad and Kapil as wholetime directors.īesides Nita Ambani, other non-executive directors include Mansingh L Bhakta, Yogendra P Trivedi, D V Kapur, Ashok Misra, Dipak C Jain, Raghunath A Mashelkar, Adil Zainulbhai, Raminder Singh Gujral and Shumeet Banerji.In a sharp jump, average CEO salary at top listed companies in the private sector is approaching Rs 20 crore - double the level seen just two years ago at about Rs 10 crore. RIL’s non-executive directors, including Nita Ambani, also got Rs 1.5 crore each as commission, besides sitting fees. In the previous fiscal, his remuneration had fallen to Rs 2.54 crore, from Rs 2.94 crore in 2015-16. Refinery chief Pawan Kumar Kapil saw his compensation rise to Rs 3.47 crore. In 2014-15, they had got Rs 12.03 crore each.Īlso, one of his key executives, Executive Director P M S Prasad saw his remuneration go up to Rs 8.99 crore from Rs 7.87 crore in 2016-17, Rs 7.23 crore in 2015-16 and Rs 6.03 crore in 2014-15. In 2015-16, Nikhil had got Rs 14.42 crore while Hital took home Rs 14.41 crore. They had earned Rs 16.58 crore each in 2016-17. The salary cap continued even as all other executive directors saw their remunerations go up.Īmbani’s cousins Nikhil R Meswani and Hital R Meswani saw their compensation rise to Rs 19.99 crore each. Retirement benefits were Rs 71 lakh.Īmbani voluntarily capped his compensation at Rs 15 crore in October 2009 amid a debate over right-sizing of CEO salaries.

Commission has however been unchanged at Rs 9.53 crore while perquisites have declined to Rs 27 lakh from Rs 60 lakh. His remuneration for 2017-18 included Rs 4.49 crore as salary and allowances, which is marginally higher than Rs 4.16 crore he got in previous 2016-17 fiscal.