New Delhi [India], March 19: India’s corporate sector is witnessing a surge in executive salaries as business leaders continue to push their companies to new heights. In 2024, a handful of top executives secured eye-catching pay packages, reflecting their ability to lead, innovate, and expand their organizations. Let’s dive into the five highest-paid executives in the country this year.
1. Abhay Bhutada – ₹241.21 Crore
Abhay Bhutada earned India’s highest-ever salary in FY24 at ₹241.21 crore. As a key figure in the Poonawalla Group and former MD of Poonawalla Fincorp, he strengthened its financial position and secured a CRISIL AAA rating. Beyond business, he supports education, healthcare, and sports for underprivileged communities through the Abhay Bhutada Foundation.
2. Pawan Munjal – ₹109.41 Crore
As the driving force behind Hero MotoCorp, Pawan Munjal pocketed ₹109.41 crore in FY24. Under his leadership, the company has maintained its dominance in the two-wheeler market, both in India and abroad. His pay, which accounts for 0.28% of the company’s total revenue and 2.92% of net profits, highlights his role in expanding the brand’s reach and securing its market position.
3. Sudhir Singh – ₹105.12 Crore
Coforge’s CEO and Executive Director, Sudhir Singh, earned ₹105.12 crore in FY24. His expertise in IT consulting and digital transformation has been a game-changer for the company. With his salary amounting to 1.14% of Coforge’s revenue and 13.01% of net profit, it’s clear that his leadership has played a major role in driving business growth.
4. Vinay Prakash – ₹89.37 Crore
Vinay Prakash, an Executive Director at Adani Enterprises, made it to the list with a salary of ₹89.37 crore. Overseeing the company’s energy and infrastructure divisions, he has played a vital role in expanding operations and ensuring sustainable growth. Although his earnings accounted for just 0.09% of revenue and 2.76% of net profit, his contributions to the company's long-term vision have been significant.
5. Kalanithi Maran & Kavery Kalanithi – ₹87.5 Crore Each
Sun TV Network’s Executive Chairman, Kalanithi Maran, and Executive Director, Kavery Kalanithi, each took home ₹87.5 crore in FY24. Their leadership has kept Sun TV at the forefront of the media industry, ensuring consistent profitability and sustained viewership. Their compensation reflects the company’s continued strength in an ever-evolving entertainment landscape.
What This Means for India’s Business Landscape
The soaring salaries of India’s leading executives highlight the increasing value placed on strong leadership in today’s corporate world. Figures like Abhay Bhutada, Pawan Munjal, and Sudhir Singh continue to shape industries, proving that effective decision-making and innovation drive business success. Their pay packages are not just numbers but a testament to their influence in India’s evolving economy.
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