July 20, 2024
Top 10 Highest paid CEO in India

Explore the elite ranks of India’s corporate leadership with a detailed look at the Top 10 Highest-paid CEOs. This list includes industry giants like Mukesh Ambani of Reliance Industries, Pawan Munjal of Hero MotoCorp, and Rajiv Bajaj of Bajaj Auto, who lead some of the nation’s most influential companies. These executives command impressive salaries, with monthly earnings ranging from ₹4.8 crores to ₹15 crores, reflecting their pivotal roles in driving growth, innovation, and global expansion. Learn about their backgrounds, the scale of their operations, and the profound impact of their leadership on India’s economy and beyond.

1. Mukesh Ambani – Reliance Industries

Source: Reliance Industries

Overview: Mukesh Ambani is the chairman and managing director of Reliance Industries, a conglomerate with interests in petrochemicals, refining, oil, telecommunications, and retail.
Innovation: He has been instrumental in launching Reliance Jio, which revolutionized the telecom sector in India with affordable data plans.
Impact: Ambani’s leadership has significantly increased Reliance’s market value, making it one of the most valuable companies in India and propelling economic growth.

LocationMumbai, Maharashtra
FounderDhirubhai Ambani
Monthly Salary₹15 crores
Annual Salary₹180 crores
Mukesh Ambani – Reliance Industries Details in Table

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2. Pawan Munjal – Hero MotoCorp

Source: Hero MotoCorp

Overview: Pawan Munjal serves as the chairman, managing director, and CEO of Hero MotoCorp, the world’s largest manufacturer of two-wheelers.
Innovation: He has overseen the development of innovative and environmentally friendly motorcycles and scooters, focusing on sustainability.
Impact: Munjal’s strategic initiatives have strengthened Hero MotoCorp’s market position and expanded its global footprint, boosting India’s exports.

LocationNew Delhi
FounderBrijmohan Lall Munjal
Monthly Salary₹7.8 crores
Annual Salary₹93.6 crores
Pawan Munjal – Hero MotoCorp Details in Table

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3. Rajiv Bajaj – Bajaj Auto

Source: Bajajauto

Overview: Rajiv Bajaj is the managing director of Bajaj Auto, a leading manufacturer of two-wheelers and three-wheelers.
Innovation: Bajaj has introduced innovative models and technology, enhancing performance and fuel efficiency in the automotive sector.
Impact: His leadership has positioned Bajaj Auto as a major player in both domestic and international markets, contributing to the company’s robust financial health.

LocationPune, Maharashtra
FounderJamnalal Bajaj
Monthly Salary₹7.5 crores
Annual Salary₹90 crores
Rajiv Bajaj – Bajaj Auto Details in Table

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4. C.P. Gurnani – Tech Mahindra

Source: Tech Mahindra

Overview: C.P. Gurnani is the CEO and managing director of Tech Mahindra, a global IT services and consulting company.
Innovation: He has driven digital transformation initiatives, focusing on cutting-edge technologies like AI, blockchain, and IoT.
Impact: Gurnani’s efforts have significantly increased Tech Mahindra’s global market share and revenue, reinforcing its position as an IT powerhouse.

LocationPune, Maharashtra
FounderAnand Mahindra
Monthly Salary₹6.5 crores
Annual Salary₹78 crores
C.P. Gurnani – Tech Mahindra Details in Table

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5. Salil Parekh – Infosys

Source: Infosys

Overview: Salil Parekh is the CEO and managing director of Infosys, one of India’s largest IT services companies.
Innovation: Parekh has emphasized the adoption of digital services and cloud solutions, driving the company’s modernization efforts.
Impact: Under his guidance, Infosys has seen sustained growth and maintained its competitive edge in the global IT sector.

LocationBangalore, Karnataka
FounderN.R. Narayana Murthy
Monthly Salary₹6.25 crores
Annual Salary₹75 crores
Salil Parekh – Infosys Details in Table

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6. Kalanithi Maran – Sun TV Network

Source: Sun TV Network

Overview: Kalanithi Maran is the chairman and managing director of Sun TV Network, a leading media conglomerate in India.
Innovation: He has expanded the network’s reach through digital platforms and diversified content offerings.
Impact: Maran’s leadership has solidified Sun TV’s dominance in the media industry, enhancing its viewership and advertising revenues.

LocationChennai, Tamil Nadu
FounderKalanithi Maran
Monthly Salary₹5.7 crores
Annual Salary₹68.4 crores
Kalanithi Maran – Sun TV Network Details in Table

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7. Sanjiv Mehta – Hindustan Unilever

Source: Hindustan Unilever

Overview: Sanjiv Mehta is the chairman and managing director of Hindustan Unilever, a major FMCG company in India.
Innovation: Mehta has driven sustainability initiatives and introduced numerous product innovations tailored to Indian consumers.
Impact: His strategies have resulted in consistent growth in market share and reinforced Hindustan Unilever’s leadership in the FMCG sector.

LocationMumbai, Maharashtra
FounderLever Brothers
Monthly Salary₹5.5 crores
Annual Salary₹66 crores
Sanjiv Mehta – Hindustan Unilever Details in Table

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8. S.N. Subrahmanyan – Larsen & Toubro (L&T)

Source : Larsen & Toubro (L&T)

Overview: S.N. Subrahmanyan is the CEO and managing director of Larsen & Toubro, an engineering and construction giant.
Innovation: He has spearheaded advancements in engineering solutions and smart infrastructure projects.
Impact: Subrahmanyan’s direction has strengthened L&T’s position in the infrastructure sector, contributing to significant national projects and urban development.

LocationMumbai, Maharashtra
FounderHenning Holck-Larsen and Søren Kristian Toubro
Monthly Salary₹5.3 crores
Annual Salary₹63.6 crores
S.N. Subrahmanyan – Larsen & Toubro (L&T) Details in Table

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9. Uday Kotak – Kotak Mahindra Bank

Source: Kotak Mahindra Bank

Overview: Uday Kotak is the founder and CEO of Kotak Mahindra Bank, one of India’s leading private sector banks.
Innovation: Kotak has introduced innovative banking products and digital services, enhancing customer experience.
Impact: His leadership has driven Kotak Mahindra Bank’s rapid growth and stability, making it a trusted name in Indian banking.

LocationMumbai, Maharashtra
FounderUday Kotak
Monthly Salary₹5 crores
Annual Salary₹60 crores
Uday Kotak – Kotak Mahindra Bank Details in Table

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10. Sunil Mittal – Bharti Airtel

Source: Bharti Airtel

Overview: Sunil Mittal is the chairman and managing director of Bharti Airtel, a major telecommunications company.
Innovation: Mittal has focused on expanding Airtel’s network infrastructure and introducing competitive data and voice plans.
Impact: His strategic vision has propelled Bharti Airtel to become one of the largest telecom operators in India and globally, significantly enhancing connectivity.

LocationNew Delhi
FounderSunil Mittal
Monthly Salary₹4.8 crores
Annual Salary₹57.6 crores
Sunil Mittal – Bharti Airtel Details in Table

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FAQs on Top 10 Highest paid CEO in India

Q1.Who is the highest-paid CEO in India?

  • Mukesh Ambani, with a monthly salary of ₹15 crores, is the highest-paid CEO in India.

Q2.What is the maximum salary of a CEO in India?

  • The maximum salary of a CEO in India, as seen in the case of Mukesh Ambani, is ₹15 crores per month.

Q3.Who is the highest-paid CEO of Cognizant India?

  • The specific highest-paid CEO of Cognizant India is not listed in this article. However, the global CEO of Cognizant typically has a substantial compensation package.

Q4.Who are the 10 highest-paid CEOs in India?

  • The list includes Mukesh Ambani, Pawan Munjal, Rajiv Bajaj, C.P. Gurnani, Salil Parekh, Kalanithi Maran, Sanjiv Mehta, S.N. Subrahmanyan, Uday Kotak, and Sunil Mittal.

Q5. What are the criteria for determining CEO compensation?

  • CEO compensation is typically determined by various factors, including company performance, market conditions, industry standards, and the CEO’s individual performance metrics such as revenue growth, profitability, and shareholder value creation.

Q6. How does CEO compensation in India compare globally?

  • CEO compensation in India, while significant, tends to be lower compared to global standards, especially in developed economies like the USA and Europe. However, the gap has been narrowing as Indian companies globalize and compete internationally.

Q7. What impact does CEO compensation have on a company’s performance?

  • CEO compensation can incentivize executives to make strategic decisions that enhance shareholder value and drive organizational growth. It is intended to attract and retain top executive talent capable of steering the company through complex challenges and opportunities.

Q8. How transparent are CEO salaries in India?

  • CEO salaries in India are increasingly becoming more transparent due to regulatory requirements and corporate governance norms. Companies are required to disclose executive compensation in their annual reports, providing stakeholders with insights into leadership remuneration.

Q9. What is the role of corporate governance in CEO compensation?

  • Corporate governance frameworks play a crucial role in ensuring that CEO compensation is fair, transparent, and aligned with long-term shareholder interests. Boards of directors often oversee executive compensation decisions to balance rewarding performance while maintaining fiscal responsibility.

Q10. How does CEO compensation impact employee morale and organizational culture?

  • High CEO compensation can sometimes be a sensitive topic within organizations, impacting employee morale and perception of fairness. Transparent communication and alignment of executive pay with company performance goals are essential to fostering a positive organizational culture.

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