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.
Salary: INR 30.1 crore (FY 2017)
Company: TATA Group
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 second consecutive year in 2014 by Business Today. N. Chandrasekaran, the current chairman of 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.
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Salary: INR 32.80 crore (FY 2018)
Company: Hero Motocorp
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 to Hero Motocorp, as we know it today.
Salary: INR 16.97 crore (FY 2017-18)
The current CEO 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’.
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C P Gurnani
Salary: INR 146.19 crore (FY 2018)
Company: Tech Mahindra
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.
Salary: INR 9.6 crore with stock options worth INR 57.42 crore (FY 2017-18)
Company: HDFC Bank
With over 40 years of experience in the banking industry, the current CEO of HDFC bank was the only Indian to appear in Fortune’s 2016 ‘Businessperson of the year’ list. Aditya Puri is the longest serving head of any Indian private bank, having joined HDFC Bank as MD in 1994. And, he is the highest paid Indian banker!
Salary: INR 55- 70 crore (Estimate)
Company: Jindal Group
An industrial and MP in the 14th and 15th Lok Sabha, Naveen Jinda is the CEO of Jindal group. The youngest son of late Shri Om Prakash Jindal has been so influential that his support to 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 South Asian Federation Games, 2004. He has taken Jindal Steel and Power Limited to new heights, with many power plants being setup under his leadership.
Om Prakash Manchanda
Salary: INR 33.20 crore (FY 2017)
Company: Dr. Lal Path Labs Pvt. Ltd
The CEO of Dr. Lal Path Labs Pvt. Ltd has been with the diagnostic service provider since 2005. He was part of the team that was responsible for Ranbaxy’s venture into healthcare division. Om, as he’s fondly called, has a bachelor’s degree in veterinary science and a PGDM from IIM Ahmedabad.
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Anil Manibhai Naik
Salary: INR 78.91 crore (FY 2017)
Company: Larsen & Toubro Limited
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.
Salary: INR 20 crore (FY 2019)
Company: Godrej Consumer Products Ltd (GCPL)
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 is the president of the Harvard Business School in India. Vivek is also the Non-Executive Independent Director of Philips India Ltd, a post he has held since 28 March, 2014.
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Salary: INR 15.20 crore total compensation
Company: DLF Limited
An architect by background, Mohit Gujral is the Co-CEO of DLF Limited since August, 2015. He is the man behind architectural marvels such as DLF Emporio, DLF Promenade, and Cyber Greens at Gurgaon. With more than 25 years of experience under his belt, Mohit is counted among India’s finest architects and an entrepreneur by passion.
This was our list of salary of top 10 CEOs of India who pave the way of life in making themselves and their company a brand.