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India's 10 highest paid CEOs

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

Image: A garland made of rupee notes.
Photographs: Reuters.

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.

Click NEXT to find out India's 10 highest paid executives...


India's 10 highest paid CEOs

Image: Naveen Jindal.

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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India's 10 highest paid CEOs

Image: Kalanidhi Maran.

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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India's 10 highest paid CEOs

Image: Kavery Maran.

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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India's 10 highest paid CEOs

Image: Sunil Mittal.

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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India's 10 highest paid CEOs

Image: Brijmohan Lall Munjal.

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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India's 10 highest paid CEOs

Image: Pawan Munjal.

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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India's 10 highest paid CEOs

Image: B G Raghupathy.

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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India's 10 highest paid CEOs

Image: Pankaj Patel.

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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India's 10 highest paid CEOs

Image: Sajjan Jindal.

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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India's 10 highest paid CEOs

Image: Debu Bhattacharya.

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.