Top-paid executives in 2011-12

Updated: September 24, 2012 16:38 IST

We all look at top corporate honchos with awe and wonder at how much money they would be making. According to an analysis by Capitaline, the highest paid executive of a listed company in India earned Rs 73.42 crore in fiscal year 2011-12.

Top-paid executives in 2011-12
What is common between the Ambani brothers and Kumar Mangalam Birla? They do not figure in the list of top 10 most-paid CEOs of India Inc. According to Capitaline, the highest paid executive of a listed company in India was Naveen Jindal, the chairman and managing director of Jindal Steel and Power Ltd, who earned Rs 73.42 crore in fiscal year 2011-12.

This is the second year in a row that Mr. Jindal has topped the charts, after he dislodged Sun TV's Kalanithi Maran from the pole position in 2010-11. Jindal got a package of Rs 73.42 crore for fiscal 2011-12, up by over Rs 6 crore in the 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.

(With inputs from PTI)
Top-paid executives in 2011-12
The Jindal Group scion is followed by Sun TV Network's Kalanithi Maran (seen here with Narayana Murthy) and his wife Kavery in the list of top-paid executives, each earning Rs. 57.01 crore. Interestingly though, they remain the only executives to have seen a drop in their pay package among the 10 top-paid executives in 2011-12. They each took a cut of 11 per cent, while all the others saw their remunerations fatten. The pay packages of the 10 top-paid executives collectively rose by Rs 43 crore.

(With inputs from PTI)
Top-paid executives in 2011-12
Hero MotoCorp's Pawan Munjal (seen on the left) and Brijmohan Lall Munjal came next in the list, each earning Rs 34.4 crore. The company's net profit too jumped 23 per cent to Rs 2,378.13 crore in FY12 from Rs 1,927.90 crore in the previous year.

The company, in December 2010, announced a split with Japan's Honda. It recently said that it will complete dropping the badge of its erstwhile joint venture partner Honda from all its existing products by September 2012, two years ahead of schedule.

(With inputs from PTI)
Top-paid executives in 2011-12
Auto major Maruti Suzuki's Shinzo Nakanish was also present in the list, with a pay package of Rs 28.14 crore. He was preceded by Madras Cements' P R R Rajha with Rs. 29.34 crore remuneration.

BGR Energy's BG Raghupaty - Rs. 25.98 crore, Tata Motors' former chief executive Carl-Peter Forster - Rs. 23.97 crore and Divi's Laboratories' Murali K Divi - Rs. 23.15 crore also made it in the top 10 ranks.

(With inputs from PTI)
Top-paid executives in 2011-12
One prominent name missing from the top 10 is Reliance Industries' chief Mukesh Ambani, who was the country's highest-paid executive in 2007-08. He got a remuneration of Rs. 15 crore, which has remained unchanged for four consecutive years now.

(With inputs from PTI)
Top-paid executives in 2011-12
Bharti Airtel's Sunil Mittal got Rs. 21.3 crore in FY12, higher than Mukesh Ambani's Rs 15 crore package. However, his remuneration in the year ended March 31, 2012, fell by about 22 per cent (about Rs 6.2 crore) from close to Rs 27.5 crore in the previous year.

(With inputs from PTI)
Top-paid executives in 2011-12
JSW Steel's Sajjan Jindal had a higher pay package than Mukesh Ambani with a total remuneration of Rs 18.18 crore, a 55 per cent jump from the previous year. Of this, his salary accounts for Rs 12 crore. Mr. Jindal's package also includes profit-linked commission, which is 0.5 per cent of the net profit for that particular year.

(With inputs from PTI)
Top-paid executives in 2011-12
Hindalco and UltraTech Cement's Kumar Mangalam Birla too earned more than Mukesh Ambani this fiscal. He took home a package of Rs 22.5 crore, higher than Hindalco managing director D Bhattacharya, whose remuneration stood at Rs 19.4 crore.

Meanwhile, Amara Raja Batteries' Jayadev Galla took home a pay of Rs 17.23 crore.

(With inputs from PTI)
Top-paid executives in 2011-12
Interestingly, there are only four Sensex companies whose top executives figure among the ten top-paid corporate chiefs. However, a majority of the Sensex companies, which are considered as the country's top-30 blue chip firms, saw their top executives' packages rise 2011-12, even as industry titans like Mukesh Ambani, Kumar Mangalam Birla, Azim Premji and Sunil Mittal either took a pay cut or capped their salaries. Mr. Premji, the erstwhile chairman of Wipro, saw his remuneration falling by as much as 57 per cent to Rs 1.9 crore in fiscal 2011-12, from Rs 2.8 crore in the preceding fiscal.

(With inputs from PTI)
Top-paid executives in 2011-12
Mukesh's younger brother Anil Ambani does not feature in the list of top 100 highest paid executives in India. He also saw his total remuneration from the four main companies of Reliance Group fall by nearly two-third during the year, although none of his group firms are currently part of the Sensex.

Mr. Ambani has taken a huge cut of 67% in his total remuneration from his four main companies in 2011-12 to about Rs 5.5 crore. His cumulative remuneration as chairman of these four companies — Reliance Communications, Reliance Power, Reliance Infrastructure and Reliance Capital — stood at a little over Rs 17 crore in 2010-11.

(With inputs from PTI)

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Listen to the latest songs, only on JioSaavn.com