This article was first published 11 years ago

India's highest paid CEOs

Last updated on: March 06, 2014 17:02 IST

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Image: Vice-chairman and managing director of India Cement N Srinivasan.
Photographs: Rupak De Chowdhuri/Reuters

Despite the slowdown in the economy, Indian CEOs compensation is still on a rise. Majority of the companies have seen directors’ and CEOs’ pay hike in financial year 2013 compared to a year earlier.

Mukesh Ambani is the only CEO who’s compensation has remained the same.

The CEO who has the highest compensation in the country, took home a total of Rs 56.25 crore. Want to know who it is? Read on to know the person.

Click NEXT to see the annual compensation of CEOs.

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CEO Mukesh Ambani India
Image: N Srinivasan of India Cements.
Photographs: Charlie Crowhurst/Getty Images

N Srinivasan

Rank: 30

Annual Compensation in FY2012- 13: Rs 13.37 crore

Annual Compensation in FY2011- 12: Rs 14.86 crore

N Srinivasan is the vice-chairman and managing director of India Cements.

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Srinivasan India
Image: Cipla chairman Y K Hamied.
Photographs: Vivek Prakash/Reuters

Y K Hamied

Rank: 29

Annual Compensation in FY2012- 13: Rs 13.55 crore

Annual Compensation in FY2011- 12: Rs 6.65 crore

Y K Hamied is the chairman (Non- Executive) of Cipla.

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India Cipla
Image: M B Parekh.
Photographs: Courtesy, Pidilite Industries

M B Parekh

Rank: 28

Annual Compensation in FY2012- 13: Rs 13.62 crore

Annual Compensation in FY2011- 12: Rs 10.41 crore

M B Parekh was the chairman and managing director of Pidilite Industries.

Image: N V Ramana.
Photographs: Courtesy, Divis Laboratories

N V Ramana

Rank: 27

Annual Compensation in FY2012- 13: Rs 13.71 crore

Annual Compensation in FY2011- 12: Rs 11.89 crore

N V Ramana is the executive director of Divis Laboratories.

Image: Braja K Mishra.
Photographs: Courtesy, Welspun Corp

Braja K Mishra

Rank: 26

Annual Compensation in FY2012- 13: Rs 13.80 crore

Annual Compensation in FY2011- 12: NA

Braja K Mishra is the managing director of Welspun Corp.

Image: Ramachandra N Galla.
Photographs: Courtesy, Amara Raja Batteries

Ramachandra N Galla

Rank: 25

Annual Compensation in FY2012- 13: Rs 14.09 crore

Annual Compensation in FY2011- 12: Rs 10.40 crore

Ramachandra N Galla is the chairman of Amara Raja Batteries.

Image: K Venkataramanan.
Photographs: Courtesy, Larsen & Toubro.

K Venkataramanan

Rank: 24

Annual Compensation in FY2012- 13: Rs 14.28 crore

Annual Compensation in FY2011- 12: Rs 1.59 crore

Navin Agarwal managing director and CEO of Larsen & Toubro.

Image: Navin Agarwal.
Photographs: Courtesy, Sesa Sterlite

Navin Agarwal

Rank: 23

Annual Compensation in FY2012- 13: Rs 14.88 crore

Annual Compensation in FY2011- 12: Rs 12.51 crore

Navin Agarwal is the executive vice chairman of Sesa Sterlite.

Image: Mukesh Ambani
Photographs: Reuters

Mukesh Ambani

Rank: 22

Annual Compensation in FY2012- 13: Rs 15 crore

Annual Compensation in FY2011- 12: Rs 15 crore

Mukesh Ambani is the chairman and managing director of Reliance Industries.

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Reliance Industries India
Image: Managing Director of Bajaj Auto Rajiv Bajaj speaks during a news conference in New Delhi.
Photographs: Tanushree Punwani/Reuters

Rajiv Bajaj

Rank: 21

Annual Compensation in FY2012- 13: Rs 15.27 crore

Annual Compensation in FY2011- 12: Rs 10.17 crore

Rajiv Bajaj is the managing director of Bajaj Auto.

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Rajiv Bajaj Bajaj Auto India
Image: Prathap C Reddy.
Photographs: Asian Business Leadership Forum/Creative Commons

Prathap C Reddy

Rank: 20

Annual Compensation in FY2012- 13: Rs 15.63 crore

Annual Compensation in FY2011- 12: Rs 17.16 crore

Prathap C Reddy is executive chairman of Apollo Hospitals Enterprises.

Image: Markand Bhatt.
Photographs: Courtesy, Torrent Power

Markand Bhatt

Rank: 19

Annual Compensation in FY2012- 13: Rs 15.67 crore

Annual Compensation in FY2011- 12: Rs 12.54 crore

Markand Bhatt is the Wholetime director at Torrent Power.

Image: Jignesh Shah.
Photographs: Reuters

Jignesh Shah

Rank: 18

Annual Compensation in FY2012- 13: Rs 18.03 crore

Annual Compensation in FY2011- 12: Rs 15.51 crore

Jignesh Shah is the chairman and managing director of Financial Technologies.

Image: H M Bangur.
Photographs: Courtesy, Shree Cement

H M Bangur

Rank: 17

Annual Compensation in FY2012- 13: Rs 18.34 crore

Annual Compensation in FY2011- 12: Rs 13.66 crore

H M Bangur is the managing director of Shree Cement.

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M Bangur Shree Cement India
Image: D Bhattacharya.
Photographs: Courtesy, Hindalco

D Bhattacharya

Rank: 16

Annual Compensation in FY2012- 13: Rs 20.61 crore

Annual Compensation in FY2011- 12: Rs 19.50 crore

D Bhattacharya is the managing director of Hindalco.

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D Bhattacharya Hindalco India
Image: A M Naik.
Photographs: Reuters

A M Naik

Rank: 15

Annual Compensation in FY2012- 13: Rs 21.06 crore

Annual Compensation in FY2011- 12: Rs 2.68 crore

A M Naik is the chairman and managing director of Larsen & Toubro.

Image: D B Gupta.
Photographs: Earthbillion/Wikimedia Commons

D B Gupta

Rank: 14

Annual Compensation in FY2012- 13: Rs 21.99 crore

Annual Compensation in FY2011- 12: Rs 15 crore

D B Gupta is the chairman of Lupin.

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Gupta India Lupin
Image: Jayadev Galla.
Photographs: Courtesy, Amara Raja Batteries

Jayadev Galla

Rank: 13

Annual Compensation in FY2012- 13: Rs 23.48 crore

Annual Compensation in FY2011- 12: Rs 17.36 crore

Jayadev Galla is the Vice- chairman & managing director of Amara Raja Batteries.

Image: Onkar S Kanwar.
Photographs: Courtesy, Apollo Tyres

Onkar S Kanwar

Rank: 12

Annual Compensation in FY2012- 13: Rs 24.17 crore

Annual Compensation in FY2011- 12: Rs 13.96 crore

Onkar S Kanwar si the chairman and managing director Apollo Tyres.

Image: Sunil Bharti Mittal.
Photographs: Reuters

Sunil Bharti Mittal

Rank: 11

Annual Compensation in FY2012- 13: Rs 24.33 crore

Annual Compensation in FY2011- 12: Rs 21.29 crore

Sunil Bharti Mittal is the executive chairman of Bharti Airtel.

Image: Murali K Divi.
Photographs: Courtesy, Divis Laboratories

Murali K Divi

Rank: 10

Annual Compensation in FY2012- 13: Rs 26.46 crore

Annual Compensation in FY2011- 12: Rs 23.15 crore

Murali K Divi is the chairman and managing director of Divis Laboratories.

Image: Sajjan Jindal.
Photographs: Reuters

Sajjan Jindal

Rank: 9

Annual Compensation in FY2012- 13: Rs 27.50 crore

Annual Compensation in FY2011- 12: Rs 25.33 core

Sajjan Jindal is the chairman and managing director of JSW Steel.

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Sajjan Jindal JSW Steel India
Image: P R Ramasubrahmaneya Rajha.
Photographs: Courtesy, Madras Cement

P R Ramasubrahmaneya Rajha

Rank: 8

Annual Compensation in FY2012- 13: Rs 30.96 crore

Annual Compensation in FY2011- 12: Rs 29.34 crore

P R Ramasubrahmaneya Rajha is the chairman and managing director of Madras Cement.

Image: Sunil Kant Munjal.
Photographs: Courtesy, Hero Motocorp

Sunil Kant Munjal

Rank: 7

Annual Compensation in FY2012- 13: Rs 31.51 crore

Annual Compensation in FY2011- 12: Rs 21.14 crore

Sunil Kant Munjal is the Joint managing director of Hero Motocorp.

Image: Brijmohan Lall.
Photographs: Courtesy, Hero Motocorp

Brijmohan Lall

Rank: 6

Annual Compensation in FY2012- 13: Rs 32.73 crore

Annual Compensation in FY2011- 12: Rs 34.44 crore

Brijmohan Lall is the Chairman of Hero Motocorp.

Image: Pawan Kant Munjal.
Photographs: Courtesy, Hero Motocorp

Pawan Kant Munjal

Rank: 6

Annual Compensation in FY2012- 13: Rs 32.80 crore

Annual Compensation in FY2011- 12: Rs 34.47 crore

Pawan Kant Munjal is managing director and CEO of Hero Motocorp.

Image: Kumar Mangalam Birla.
Photographs: Reuters

Kumar Mangalam Birla*

Rank: 4

Annual Compensation in FY2012- 13: Rs 49.62 crore

Annual Compensation in FY2011- 12: Rs 47.11 crore

Kumar Mangalam Birla is the Chairman of Grasim Industries.

(*Include salary from Ultratech, Hindalco, Aditya Birla Nuvo)

Image: Naveen Jindal.
Photographs: Reuters

Naveen Jindal

Rank: 3

Annual Compensation in FY2012- 13: Rs 54.98 crore

Annual Compensation in FY2011- 12: Rs 73.42 crore

Naveen Jindal is the managing director of Jindal Steel & Power.

Image: Kavery Kalanithi.
Photographs: Courtesy, Bombardier

Kavery Kalanithi

Rank: 2

Annual Compensation in FY2012- 13: Rs 56.24 crore

Annual Compensation in FY2011- 12: Rs 57.01 crore

Kavery Kalanithi is the executive director of Sun TV Network.

Image: Kalanithi Maran.
Photographs: Courtesy, Bombardier

Kalanithi Maran

Rank: 1

Annual Compensation in FY2012- 13: Rs 56.25 crore

Annual Compensation in FY2011- 12: Rs 57.01 crore

Kalanithi Maran is the executive chairman of Sun TV Network.

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