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India's 10 highest paid CEOs

Last updated on: November 8, 2011 15:00 IST

India's 10 highest paid CEOs

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Who are India's highest paid chief executive officers?

Well, to put the record straight, India's richest man, chairman of Reliance Industries Mukesh Ambani is not among the top 10 earners. Ambani's salary for the past three years stands at 15 crore (Rs 150 million) a year.

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Image: A garland made of rupee notes.
Photographs: Reuters.
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India's 10 highest paid CEOs

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1. Naveen Jindal
Salary: Rs 67.21 crore (Rs 672.1 million)


Naveen Jindal remains the highest paid corporate head in India for the second consecutive year.

Jindal's salary fell by 3.66 per cent in 2010-2011.

Executive vice chairman & managing director of Jindal Steel & Power, Naveen Jindal is also a member of the Parliament (MP).

(The salary figures are based on a Capitaline study reported by Mint newspaper).

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Image: Naveen Jindal.

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India's 10 highest paid CEOs

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2. Kalanidhi Maran
Salary: Rs 64.40 crore (Rs 644 million)

Kalanithi Maran is the chairman and managing director of Sun TV Network Limited and SpiceJet. Kalanidhi Maran's salary rose by 73.68 per cent.

Maran is the son of the late DMK leader and former Union minister Murasoli Maran, the grandnephew of DMK president M Karunanidhi.

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Image: Kalanidhi Maran.

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India's 10 highest paid CEOs

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3. Kavery Maran
Salary: Rs 64.40 crore (Rs 644 million)

Kavery Maran takes the third highest paid executive in India. Kalanithi Maran's wife, Kavery is the joint managing director of Sun TV.

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Image: Kavery Maran.

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4. Sunil Mittal
Salary: Rs 27.51 crore (Rs 275.1 million)


Bharti Airtel chairman Sunil Mittal's salary rose by 17.11 per cent making him the fourth highest paid executive in India.

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Image: Sunil Mittal.

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5. Brijmohan Lall Munjal
Salary: Rs 26.75 crore (Rs 267.5 million)


Brijmohan Lall Munjal's salary dropped by 12.69 per cent in 2010-11.

Founder director and chairman of Hero MotoCorp, Brijmohan Lall Munjal has also served as the president of Confederation of Indian Industry (CII), Society of Indian Automobile Manufacturers (SIAM).

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Image: Brijmohan Lall Munjal.

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6. Pawan Munjal
Salary: Rs 26.47 crore (Rs 264.7 million)


Pawan Munjal is the managing director and CEO of Hero Honda. He is responsible for growth and strategic planning for the entire group.

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Image: Pawan Munjal.

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7. B G Raghupathy
Salary: Rs 25.92 crore (Rs 259.2 million)


BG Raghupathy is the chairman and Managing Director of BGR Energy Systems. His wealth rose by 180 per cent in 2010-11.

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Image: B G Raghupathy.

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8. Pankaj Patel
Salary: Rs 25 crore  (Rs 250 million)

Pankaj Patel, chairman and managing director of Cadila Healthcare, saw a drop in his salary by 12.68 per cent.

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Image: Pankaj Patel.

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9. Sajjan Jindal
Salary: Rs 20.80 crore (Rs 208 million)


Sajjan Jindal, vice chairman and managing director of JSW Steel, is the 9th in the list of highest paid CEOs.

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Image: Sajjan Jindal.

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10. Debu Bhattacharya
Salary: Rs 17.31 crore (Rs 173.1 million)


Debu Bhattacharya heads the Aditya Birla Group's non-ferrous metals business, and is the Managing Director of Hindalco Industries Limited.

Bhattacharya is also the Vice Chairman of Novelis Inc. His salary rose by 31.64 per cent in 2010-11.


Image: Debu Bhattacharya.

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