Salary of Top CEOs in India

Ashwini Ashwini Anik Banerjee Anik Banerjee
Jul 27, 2022 22 min read
Salary of Top CEOs in India

India’s top executives earn hefty paychecks for being at the forefront of large conglomerates. Almost all of them earn exponentially greater than the employee median salary. Here’s a look at the salaries of some of the top chief operating officers in the Indian industry:

Top CEOs in India

  1. C Vijayakumar
  2. Pawan Munjal
  3. Thierry Delaporte
  4. Salil S Parekh
  5. Naveen Jindal
  6. C P Gurnani
  7. Natarajan Chandrasekaran
  8. Rajiv Bajaj
  9. Saugata Gupta
  10. Om Prakash Manchanda
  11. Ajay Srinivasan
  12. Sanjiv Bajaj
  13. S N Subrahmanyan
  14. Rajesh Gopinathan
  15. Vivek Gambhir
  16. T. V. Narendran
  17. Sunil Mittal
  18. Mohit Gujral
  19. Gopal Vittal
  20. Mukesh Ambani
  21. Mohit Malhotra
  22. Aditya Puri
  23. Kalanithi Maran
  24. Sanjiv Puri
  25. Varun Berry
  26. Vipin Sondhi
  27. Parag Agrawal
  28. Anil Manibhai Naik
  29. C. K. Venkataraman
  30. Dilip Shangvi
  31. Prakash Sahu
  32. Karan Adani
Top Indian CEOs and their salary

Top CEOs in India

Listed below are some of the Top CEO salary in India:

C Vijayakumar

Salary: INR 130+ Crore (FY 2022)
Company: HCL Technologies

C Vijayakumar joined the global technology company, HCL Technologies in 1994 and become the CEO after over two decades in 2016 and started working on taking the company to soaring heights. Vijayakumar is currently known as the CEO and the MD of HCL Technologies, and has been working with the same period of over 28 years. He also serves as a board member of the US-India Business Council. Besides, he has also been appointed as the Chairman of the World Economics Forum's IT Governor's Community.

Vijayakumar's salary was last reported to be $16.52 mn (Rs 130 crore) in FY22, which he received after getting a two-year long-term incentive (LTI). This made C Vijayakumar the highest-paid Indian CEO among those working in Indian IT firms, as reported on July 26, 2022.

Pawan Munjal

Salary: INR 84.59 crore (FY 2020)
Company: Hero Motocorp

Pawan Munjal Salary
Pawan Munjal - CEO, Hero Motocorp | | Top CEO salary in India

The CEO of Hero Motocorp, the alumnus NIT, Kurukshetra alumnus has been ranked among the ‘40 most powerful Indians of 2017’ according to India Today. Pawan has been instrumental in transforming Hero Honda into Hero Motocorp, as we know it today. Pawan Munjal's salary is reported to be Rs 84.59 crore in the fiscal year 2020.

Thierry Delaporte

Salary: INR 79.8 crore+ (FY 2022)
Company: Wipro

Thierry Delaporte - CEO ad MD of Wipro
Thierry Delaporte - CEO ad MD of Wipro

Thierry Delaporte is the CEO and MD of Wipro Ltd. The Bangalore-headquartered Indian multinational conglomerate stands as one of the top IT firms in India today. Wipro is also known for its list of valuable subsidiaries. Delaporte has been appointed as the CEO and MD of the company in July 2020 and has been sincerely serving the role since then.  The Frenchman received a compensation of Rs 79.8 crore in FY22, which was a hike from the earlier package of Rs 64.3 crore in FY21.

Salil S Parekh

Salary: INR 71.02 crore (FY22)
Company: Infosys

Salary of CEOs in India
Salil S Parekh - CEO of Capgemini | Top CEO salary in India

Salil S Parekh is the CEO of a $10-billion IT firm. Parekh was a member of the group executive board at Capgemini. Salil has completed his graduation from the Indian Institute of Technology, Bombay (IIT Bombay) in Aeronautical Engineering, and then a Master's in Engineering degree in Computer Science and Mechanical Engineering from Cornell University. He is quite a sought-after ‘turnaround manager’. Parekh has seen through successful acquisitions and strong business turnarounds in the past. The salary of Salil Parekh was Rs 71.02 crore between FY 21-22, making him the third-highest paid Indian CEO among Indian IT firms. Besides, Salil Parekh's term was also extended by the company till 2027, along with a hike in his package, which has now become Rs 79.75 crore.

Salary: INR 70 crore+ (2012)
Company: Jindal Group

Salary of CEOs in India
Naveen Jindal Salary | Top CEO salary in India

An industrial and MP in the 14th and 15th Lok Sabha, Naveen Jinda is the Chairman of the Jindal group. The youngest son of late Shri Om Prakash Jindal has been so influential that his support for his alma mater, UT Dallas, resulted in the university renaming its management school to Naveen Jindal School of Management in 2011. Naveen is active in shooting, having captained the Indian Shooting Team to a silver medal in the South Asian Federation Games, 2004. He has taken Jindal Steel and Power Limited to new heights, with many power plants being set up under his leadership.

Naveen Jindal's contributions stand even beyond what he has done for the company. Jindal is actually a powerful reason why we can now fly our National Flag 365 days a year. Yes, the Supreme Court of India ruled on January 23, 2004, in favour of Naveen Jindal, who was the Member of Parliament, Lok Sabha then that the every Indian, as per their fundamental right, would be allowed to hoist the flag of India on all days of the year. This eventually led to Jindal and his wife, Ms. Shallu Jindal, to establish the Flag Foundation of India. The salary of Naveen Jindal was last reported to be over Rs 70 crore in FY12.


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C P Gurnani

Salary: INR 63.4 crore (FY 2022)
Company: Tech Mahindra

CP Gurnani Salary
CEO of Tech Mahindra - C P Gurnani Salary

The MD and CEO of Tech Mahindra spearheaded the aggregation of Mahindra Satyam with Tech Mahindra. He was also the Nasscom chairman for one year in 2016. C P Gurnani has been a part of many big shots such as HCL Corporation and Petrot Systems. He was the E&Y ‘Entrepreneur of the Year', and CNBC Asia’s ‘India Business Leader of the Year’ in 2013. C P Gurnani's earnings were recorded at around Rs 165 crore on occasions more than one. The salary of C P Gurnani was last posted at Rs 63.4 crore after he received a 189% hike in his compensation in FY22.

Natarajan Chandrasekaran

Salary: INR 58 Crore (FY 2020)
Company: TATA Group

salary of Natarajan Chandrasekaran
Natarajan Chandrasekaran - CEO, Tata Group | Top CEO salary in India

Even though he’s a former CEO, his name has to be on this list in order to demonstrate what a true Chief X Officer is! Voted as the ‘Best CEO’ for five consecutive years by the Institutional Investor’s Annual All-Asia Executive Team rankings, ‘Best CEO’ for the second consecutive year in 2014 by Business Today. N. Chandrasekaran, the current chairman of the TATA group was the CEO of Tata Consultancy Services, in addition to being the Chairman of Tata Motors and Tata Global Beverages.

The first Non-Parsi to head the TATA group, he’s credited for making TCS reach a market capitalization of more than $70 billion. The company has also achieved the distinction of becoming the largest private-sector employer in India under his guidance. Chandrasekaran is an avid marathon runner, having competed in marathons across the globe. The last salary that Natarajan Chandrasekaran drew is Rs 58 crore in FY20.


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Rajiv Bajaj

Salary: INR 39.86 Crore (FY 2020)
Company: Bajaj Auto

Rajiv Bajaj - CEO, Bajaj Auto | Highest paid CEO in India
Rajiv Bajaj - CEO, Bajaj Auto | Highest paid CEO in India

Rajiv Bajaj took the position of CEO of the Bajaj Auto in 2005. He was re-appointed as the MD and CEO of the famous motorcycle manufacturing company of India in 2020. He makes the company one of the strongest ones in the country by his leadership and since then it has never looked back. He changed the two-wheeler industry of India by introducing the Pulsar range of motorcycles. In 2017, he ranked 42nd position by India Today in their list of India's 50 Most Powerful People. In 2020, he is said to receive INR 39.86 Crore as his salary.


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Saugata Gupta

Salary: INR 36.1 Crore (FY 2022)
Company: Marico Limited

Marico Limited is a multinational consumer goods company from India and Saugata Gupta has been serving as the CEO of the Marico since 2013. He joined the company in 2004 as the Head of Marketing. Saugata is one of the prime faces that is responsible for the company's success both in India and Internationally. His salary was registered at INR 16.5 Crore in 2017. Gupta's salary grew by a whooping 157% from Rs 14.02 crore (FY21) to become Rs 36.1 crore in FY22. Saugata, thus, became the highest-paid CEO in the FMCG segment in FY22.

Om Prakash Manchanda

Salary: INR 33.20+ crore (FY 2022)
Company: Dr. Lal PathLabs Pvt. Ltd

Om Prakash Manchanda | Top CEO salary in India
Om Prakash Manchanda | Top CEO salary in India

The CEO of Dr. Lal Path Labs Pvt. Ltd has been with the diagnostic service provider since 2005. He was a part of the team of the company that was responsible for Ranbaxy’s venture into the healthcare division. Om, as he’s fondly called, has a bachelor’s degree in veterinary science and a PGDM from IIM Ahmedabad. Om Manchanda's salary was last reported at more than Rs 33.20 crore in FY22.


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Ajay Srinivasan

Salary: INR 28.22 Crore (FY 2021)
Company: Aditya Birla Capital

Ajay Srinivasan is the CEO of Aditya Birla Group, he joined the company in 2007. Prior to that he was also the chief executive fund management at Prudential Corporation Asia. The graduate from IIM Ahmedabad immediately become the CEO after his joining and since then has been working  continuously to lead the company to the top. Currently, his salary is INR 28.22 Crore (FY21).

Sanjiv Bajaj

Salary: INR 28 Crore (FY 2020)
Company: Bajaj Finserv

Sanjiv Bajaj - CEO, Bajaj Finserv | Highest paid CEO in India

Sanjiv Bajaj took it on himself to make the Bajaj Finserv one of the best and he did it. The Harvard Business School Graduate took the charge of the CEO of the company since 2008. He also got place in list of India Today's Top 50 Power People in 2019. Sanjiv Bajaj's salary in the fiscal year 2020 was reported to be at INR 28 Crore.


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S N Subrahmanyan

Salary: INR 27.17 Crore (FY 2020)
Company: L&T

S N Subrahmanyan - CEO, L&T | Highest paid CEO in India

Sekharipuram Narayanan Subrahmanyan has been serving as the CEO of Larsen & Toubro since 2017. L&T is an Indian multinational conglomerate that deals with engineering, manufacturing, construction, technology, and financial services, and its headquarters is situated in Mumbai. Subrahmanyan was appointed as L&T director in 2011. He is the current CEO and is said to have received a salary of INR 27.17 Crore in FY20.

Rajesh Gopinathan

Salary: INR 25.75 Crore (FY 2022)
Company: TCS

Rajesh Gopinathan - CEO, Tata Group | Highest paid CEO in India
Rajesh Gopinathan - CEO, TCS | Highest paid CEOs in India

Rajesh Gopinathan is said to be one of the youngest CEO of Tata Group. The man is serving as the Managing Director and CEO of Tata Consultancy Services since 2017. Graduated from IIM Ahmedabad, Gopinathan is managing one of the leading IT sectors in the world with his mettle. Rajesh Gopinathan is said to receive INR 25.75 crore as his salary in FY22, which was 26.6% over the pay he received in the last fiscal.


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Vivek Gambhir

Salary: INR 20.09 crore (FY 2019)
Company: Godrej Consumer Products Ltd (GCPL)

Vivek Gambhir Salary
Vivek Gambhir - CEO and MD of Godrej | Top CEO salary in India

Vivek Gambhir is the CEO and MD of Godrej Consumer Products Ltd (GCPL) since May, 2017. He spearheaded GCPL’s famous 3 by 3 strategy. Apart from this, Vivek is a founding member of  Bain’s consulting operations in India. He is a Harvard MBA and the president of the Harvard Business School in India. Vivek is also a Non-Executive Independent Director of Philips India Ltd, a post he has held since 28 March, 2014. Vivek Gambhir's salary was more than Rs 20 crore in FY19, making him the highest paid FMCG executive that year.


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T. V. Narendran

Salary: INR 15.58 Crore (FY 2021)
Company: Tata Steel

T. V. Narendran is the CEO of Tata Steel, on eof the world's largest steel producer. He took the charge in the year 2017 and has done his MBA from IIM Calcutta. The steel making company is situated in Jamshedpur, India, although its headquarters is situated in Mumbai, India. He received a salary of INR 15.58 Crore when last reported in FY21.


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Sunil Mittal

Salary: INR 15.39 crore (FY 2022)
Company: Airtel

Sunil Mittal - Founder and Chairperson of Bharti Enterprises
Sunil Mittal - Founder and Chairperson of Bharti Enterprises

Sunil Bharti Mittal is the founder and chairperson of Bharti Enterprises, an MNC that has diverse interests in a range of sectors including telecom, insurance, hospitality, malls, education, real estate, and other sectors. Sunil Mittal is currently serving as the Founder and Chairperson. He is also among the Indian billionaire businessmen with a net worth of over $14 bn and is recognised as the 12th richest person in India, as of July 2022. Sunil Bharti Mittal has also received the prestigious Padma Bhushan award, which is the 3rd highest civilian honour in India. His salary was registered at Rs 15.39 crore in FY22, which dropped nearly by 5% from what it was in the previous fiscal.


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Mohit Gujral

Salary: INR 15.20 Crore (FY 2021)
Company: DLF Limited

DLF CEO Salary
Mohit Gujral - Co-CEO of DLF Limited | Top CEO salary in India

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Gopal Vittal

Salary: INR 15.25 crore (FY 2022)
Company: Airtel

Gopal Vittal Salary
Gopal Vittal - CEO of Airtel | Top CEO salary in India

The current CEO and MD of Airtel has been in and out of the telecom conglomerate several times. His first stint lasted two years (2006-2008) and rejoined Airtel in early 2012. On 1st March 2013, he became the CEO. The man is an IIM Calcutta alumni and was pivotal in some of the achievements of Hindustan Unilever Limited (HUL), especially ‘Project Bharat’. Gopal Vittal's salary was last recorded at Rs 15.25 crore in FY22, which rose by 5.8%.


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Mukesh Ambani

Salary: INR 15 Crore (FY 2020)
Company: Reliance Industries

Mukesh Ambani - Highest paid CEO in India
Mukesh Ambani - Highest paid CEO in India

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Mohit Malhotra

Salary: INR 14.60 Crore (FY 2022)
Company: Dabur

This Indian multinational consumer goods company is a famous brand that is known and used by the people of the country for a very long time and it is also said to be the largest FMCG company in India. Dabur is not only known ad trusted for its healthy food products, but it has earned its name among the biggest food manufacturers of India that eyes to improve the health of the people of the country. Besides, Dabur is also known for its unique marketing strategies. Mohit Malhotra took the charge of CEO in 2019 and is working tirelessly to bring the company to the peak of success since then. Malhotra received Rs 14.60 crore as his salary in FY22, which mounted by 42.85% from the Rs 10.22 crore in remuneration he received in FY21.

Aditya Puri

Salary: INR 13.8 Crore (FY 2020)
Company: HDFC Bank

Salary of CEOs in India
Aditya Puri - Ex - CEO of HDFC | Top CEO salary in India

With over 40 years of experience in the banking industry, the ex-CEO of HDFC bank was the only Indian to appear in Fortune’s 2016 ‘Business person of the year’ list. Aditya Puri is the longest-serving head of any Indian private bank, having joined HDFC Bank as MD in 1994. He served as CEO till October 2020, when he retired with a compensation of Rs 13.8 crore, which includes retirement benefits of around Rs 3.38 crore. He is the highest-paid Indian banker! The salary of Aditya Puri ranged around Rs 10 crore.


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Kalanithi Maran

Salary: INR 13.87 Crore (FY 2022)
Company: Sun Group

Kalanithi Maran - CEO, Sun Group | Highest paid CEO in India

Kalanithi Maran founded Sun Group in the year 1993, a media conglomerate company, the headquarters are in Chennai, India. The organization consists of 48 FM Radio stations two newspapers, five magazines, one DTH satellite service, and an IPL franchise. Kalanithi Maran with his contribution has made Sun Group a successful company that deals with media and now is one of the highest-paid CEO of a company in India. Maran drew a salary of Rs 13.87 crore in FY22. He and his wife took R 87.5 crore each in FY22, which included ex-gratia and bonus.

Sanjiv Puri

Salary: INR 12.59 Crore (FY 2022)
Company: ITC Limited

Sanjiv Bajaj - CEO, Bajaj Finserv | Highest paid CEO in India

ITC Limited is an Indian multinational conglomerate company that specialises in Hotels, infotech, agribusiness, and FMCG. Sanjiv Puri has taken the charge of being the CEO of ITC Limited in 2015, and has been working as the same since then. An alumnus of IIT Kanpur Sanjiv Puri joined ITC in 1986. His salary was last registered at Rs 11.95 crore in FY21, which rose to become Rs 12.59 in FY22.

Varun Berry

Salary: INR 11.47 Crore (FY 2022)
Company: Britannia Industries

Varun Berry became the CEO of Britannia, a name that is common in almost every Indian household in 2014. He joined Britannia in 2013, with a whooping 27 years of work experience gathered while he worked with some of the greatest companies both nationally and internationally. Currently, Varun Berry has been doing a fine job by being the managing director and CEO of Britannia. Berry's salary has witnessed a jump from Rs 10.52 crore in FY21 to become Rs 11.47 crore in FY22.

Vipin Sondhi

Salary: INR 10.7 Crore (FY 2021)
Company: Ashok Leyland

Vipin Sondhi becomes the CEO of Ashok Leyland in 2019. This company is an Indian multinational automotive manufacturer. It is also said to be the second-largest commercial vehicle manufacturer in India. The Alumni of IIM Ahmedabad has received a salary of INR 10.7 Crore in FY21.

Parag Agrawal

Salary: INR 7.49 Crore (FY 2021)
Company: Twitter

Parag Agrawal - CEO of Twitter | Top CEO salary in India
Parag Agrawal - CEO of Twitter | Top CEO salary in India

With a love of Mathematics, cars and computers, Parag Agrawal joins the top CEOs club that shares an Indian origin. Agrawal was recenty promoted to the position of the CEO of Twitter on November 29, 2021, replacing Jack Dorsey, who stepped down. Parag Agrawal is an alumnus of IIT Bombay and Stanford University. His salary is currently reported to be Rs 7.49 crore in 2021.

Anil Manibhai Naik

Salary: INR 6.18 Crore (FY 2020)
Company:  Larsen & Toubro Limited

AM Naik Salary
Anil Manibhai Naik - Former CEO, L&T Group | Top CEO salary in India

A M Naik is the former CEO and current group executive chairman of Larsen & Toubro Limited. He started as a junior engineer with the conglomerate in 1965, rose up the ranks becoming the CEO in 1999.  He was then appointed as the chairman in 2003. The pioneer has been the former chairman of IIM, Ahmedabad, Honorary Consul General for Denmark, and a recipient of Padma Bhushan and A M Naik reportedly got Rs 137 crore when he retired. Naik was last registered to have received Rs 6.18 crore in FY20, taking a voluntary pay cut in the same year from Rs 8.15 crore in FY19.


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C.K. Venkataraman

Salary: INR 4.2 Crore (FY 2021)
Company: Titan

C. K. Venkataraman is the CEO and Managing Director of the Indian Luxury product brand that consist of different types of accessories that includes watches and eyewears. The Graduate from IIM Ahmedabad took his position in 2019 and since then has been vigorously working to fulfill his responsibilities. Currently, his salary is INR 4.2 Crore (FY21).

Dilip Shanghvi

Salary: INR 3 Crore (FY 2018)
Company: Sun Pharma

He is an Indian businessman and is also considered to be one of India's richest person, Dilip Shangvi  is the founder and the current CEO of Sun Pharmaceuticals. Not only that, in 2017 he was ranked 8th by India Today magazine on India's Most Powerful People 2017. He has contributed to the pharmaceutical industry immensely for which the Government of India honoured him with Padma Shri in 2016. Sanghvi drew a salary of Re 1 during FY18-19, which made him one of the lowest-paid CEOs in the pharmaceutical industry. His salary was around Rs 3 crore in FY18.


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Prakash Sahu

Salary: INR 2.46 Crore (FY 2021)
Company: Hindustan Motors

Prakash Sahu was appointed as the Chief executive Officer (CEO) of Hindustan Motors, an Indian automotive manufacturer in the year 2021 and has been giving his 100% to take the company to the top. Sahu has last drawn a salary of INR 2.46 Crore in FY21.

Karan Adani

Salary: INR 1.5 Crore (FY 2016)
Company: APSEZ

At a very young age of 29, Karan Adani became the CEO of Adani Ports and SEZ Limited (APSEZ). An Economics Graduate from Purdue University Karan Adani took the position in 2016. In 2016 only, Karan Adani was approved of an annual salary of  INR 1.5 Crore.


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Conclusion

This was our list of the highest-paid salary of CEOs in India who joined their respective companies and made a difference to the companies and their own lives, thereby standing as inspirational figures for all budding entrepreneurs, students, business professionals, and individuals. Feel free to share your feedback or add anything that we might have missed!  

FAQs

Who is the CEO?

A Chief Executive Officer (CEO), or Chief Executive (CE), is the most senior corporate, executive, or administrative officer in charge of managing an organization – especially an independent legal entity, such as a company or nonprofit institution.

Who reports to the CEO?

As the top manager, the Chief Executive Officer (CEO) is typically responsible for the corporation's entire operations and reports directly to the Chairman and the Board of Directors.

What is the salary of a CEO in India?

An early career Chief Executive Officer (CEO) with 1-4 years of experience earns an average total compensation of ₹983,641 based on 195 salaries. A mid-career Chief Executive Officer (CEO) with 5-9 years of experience earns an average total compensation of ₹1,437,731 based on 143 salaries.

What is the TCS CEO salary?

TCS CEO, Rajesh Gopinathan was reported to have earned Rs 25.75 crore for FY22.

Who is the highest paid Indian CEO working in an IT firm?

C Vijayakumar is the highest paid Indian CEO who is working in an Indian IT firm, HCL Technologies, after he received a salary of Rs 130+ crore in FY22.

What is the Nestle CEO salary?

The German-American businessman, Ulf Mark Schneider is the CEO of Nestle and has earned $11.52 mn in 2021.

Who is Shikha Sharma?

Shikha Sharma is an Indian economist and banker. She was the Managing Director and CEO of Axis Bank from 2009-2018.

What is Sanjiv Puri's salary?

Sanjiv Puri's salary was last listed at Rs 12.59 crore in FY22.

What is the CEO of banks' salary?

The salary of the CEO of a bank is around Rs 225 lakhs per year, which comes down to Rs 18.8 lakhs per month.

What is the Titan CEO salary?

The Titan CEO salary is estimated to be around Rs 4.2 crore, as of FY21.

What is the Apollo hospital CEO salary?

The average annual salary of the Apollo hospital CEO is between Rs 33 - 100 lakhs per year.

Who are the highest paid CEOs in India?

The highest paid CEOs in India are:

  • C Vijayakumar
  • Pawan Munjal
  • Thierry Delaporte
  • Salil S Parekh
  • Naveen Jindal
  • C.P. Gurnani
  • Natarajan Chandrasekaran
  • Rajiv Bajaj
  • Saugata Gupta
  • Om Prakash Manchanda
  • Ajay Srinivasan
  • Sanjiv Bajaj
  • S N Subrahmanyan
  • Rajesh Gopinathan
  • Vivek Gambhir
  • T. V. Narendran
  • Sunil Mittal
  • Mohit Gujral
  • Gopal Vittal
  • Mukesh Ambani
  • Mohit Malhotra
  • Aditya Puri
  • Kalanithi Maran
  • Sanjiv Puri
  • Varun Berry
  • Vipin Sondhi
  • Parag Agrawal
  • Anil Manibhai Naik
  • C. K. Venkataraman
  • Dilip Shangvi
  • Prakash Sahu
  • Karan Adani

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