The highest paid executive of a listed company in India earned Rs 73.42 crore in fiscal year 2011-12, according to an analysis by Capitaline.
Naveen Jindal, the chairman and managing director of Jindal Steel and Power Limited, has topped the executive pay charts for Indian listed companies for the second consecutive year now, after he dislodged Sun TV's Kalanithi Maran from the pole position in the year 2010-11. Jindal got a package of Rs 73.42 crore for fiscal 2011-12, up by over Rs 6 crore from previous year. This includes salary, perquisites, profit-linked incentives or commissions, and other benefits.
While the company's net profit dropped 44 per cent in 2011-12 to Rs 2110.65 crore, his salary rose 9 per cent for the same period.