Tag: C Vijayakumar

India’s top executives earn impressive salaries, much higher than the average pay of their employees. These top leaders not only run big companies but also make some of the highest incomes in the Indian business world. In a country where CEO salaries often grab attention and start debates, it’s important to understand how these pay packages work.

In this article, let’s take a closer look at the salaries of the highest-paid CEOs in India. We’ll explore the eye-popping numbers that show the financial rewards of leading at the top of the corporate ladder.

Former Highest-Paid CEOs in India

• Thierry Delaporte
• Natarajan Chandrasekaran
• Rajesh Gopinathan
• Sanjiv Mehta
• Ajay Srinivasan
• Vivek Gambhir
• Mukesh Ambani
• Varun Berry
• Vipin Sodhi

Highest-Paid CEOs in India

Listed below are the highest-paid Chief Executive Officers and their salaries in India, showcasing the extraordinary earnings of these industry leaders:

Sandeep Kalra

Sandeep Kalra is the CEO and Executive Director on the Board of Persistent Systems. An alumnus of IIM Calcutta, Kalra specializes in revitalizing businesses to boost growth and profitability. As a result of investor trust in the company’s trajectory under Sandeep’s direction, Persistent is now included in three famous capital market indices: the MSCI India Index, the S&P BSE 100, and the S&P BSE SENSEX Next 50 Indices.

Pawan Munjal

Pawan Munjal, the former CEO of Hero MotoCorp, has assumed the position of Executive Chairman and full-time director on the company’s Board. Niranjan Gupta was appointed as the new Chief Executive Officer (CEO) of Hero MotoCorp in March 2023, the country’s largest two-wheeler manufacturer

Rajeev Jain

Rajeev Jain, the longtime leader of Bajaj Finance, has taken on the role of Executive Vice Chairman of the company. Under his leadership, Bajaj Finance has grown into one of India’s leading non-banking financial companies (NBFCs), known for its strong consumer lending and digital finance business. Before this elevation, Jain served as the Managing Director & CEO, playing a key role in scaling the company’s operations and profitability.

C Vijayakumar

C Vijayakumar, the CEO and Managing Director of HCL Technologies Ltd stands out as one of the most highly compensated top executives in the Indian IT industry. He holds a Bachelor’s Degree in Electrical and Electronics Engineering from PSG College of Technology. Vijayakumar joined the company in 1994 and was appointed CEO in 2016.

Dr Murali K Divi

Murali K. Divi, founder of Divi’s Laboratories, serves as the Chairman and Managing Director of the company. A visionary entrepreneur with decades of experience in the pharmaceutical industry, he has been instrumental in building Divi’s Labs into one of the world’s leading manufacturers of active pharmaceutical ingredients and intermediates. Under his leadership, the company has achieved global recognition for quality, scale, and cost efficiency in pharma manufacturing.

Salil Parekh

Salil Parekh serves as the Chief Executive Officer and Managing Director of Infosys. Before joining Infosys, Salil held various leadership positions for 25 years at Capgemini, where he was a member of the Group Executive Board. He has a Master of Engineering in Computer Science and Mechanical Engineering from Cornell University, as well as a Bachelor of Technology in Aeronautical Engineering from the IIT, Bombay.

S N Subrahmanyan

S.N. Subrahmanyan is the Chairman and MD at Larsen & Toubro (L&T), an Indian multinational conglomerate specializing in engineering, manufacturing, construction, technology, and financial services. He also serves as Vice Chairman on the boards of LTI Mindtree and L&T Technology Services, Chairman at L&T Metro Rail (Hyderabad) Limited, and Director and Chairperson at L&T Finance Holdings Ltd. He joined L&T as a director in 2011. With a degree in civil engineering and a post-graduation in business management, Subrahmanyan brings a strong educational background to his role.

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Vinay Prakash

Vinay Prakash, a key leader within the Adani Group, serves as the Executive Director of Adani Enterprises Ltd. and is CEO of Adani Natural Resources. He has played a pivotal role in expanding Adani’s global footprint in resources and energy, driving sustainable growth and strategic partnerships. Under his leadership, Adani has strengthened its position as a major player in mining services and natural resources on both domestic and international fronts.

Ravi Kumar S

The newest addition to the list of highest-paid CEOs is Mr Ravi Kumar S, Chief Operating Officer, Cognizant. Appointed in January 2023, Kumar holds a bachelor’s degree in engineering from Shivaji University and an M.B.A. from Xavier Institute of Management, India. As the CEO, Kumar drives the company’s strategic journey, ensuring sustainable growth and driving long-term shareholder value. Before Cognizant, he served as the President of Infosys from 2016 to 2022. Kumar has become the highest-paid CEO for the fiscal year 2023 by earning an astounding INR 186 crore.

Nithin Kamath

Nithin Kamath cofounded discount brokerage Zerodha in 2010 with his brother Nikhil Kamath. His entrepreneurial conquests also consist of companies like True Beacon and Gruhas. His vision of revolutionizing the Indian stockbroking industry through Zerodha’s discount brokerage model has made Zerodha what it is today. As CEO, Nithin Kamath drew a handsome sum of INR 72 Crore for the financial year 2022-2023.

Nitin Rakesh

Nitin Rakesh took over as CEO and Executive Director of Mphasis on 29 January 2017. Rakesh holds a Master’s in Management Studies from SVKM’s NMIMS, Mumbai. Early in 2017, Rakesh played a key role in the establishment of Mphasis Sparkles, an innovation lab that provides entrepreneurs with a venue to present cutting-edge ideas to major corporations and integrate those products into Mphasis offerings.

Mphasis broke records for the most new deals it has ever won under Nitin’s direction, redefining standards and outpacing the industry growth rate.

Sudhir Singh

Sudhir Singh is the Executive Director and CEO of Coforge LTD. An alumnus of IIM Calcutta, Singh’s career has seen some promising years in Hindustan Liver, Genpact, and Infosys before being appointed as the CEO of Coforge. Coforge recently acquired Cigniti, a Hyderabad-based company, for $220 million under Sing’s leadership. This will help Coforge expand into new verticals and strengthen the North American market.

C P Gurnani

Another prominent name on the list of the highest CEO salaries in India is CP Gurnani. CP Gurnani, the Managing Director and Chief Executive Officer of Tech Mahindra, is known for his leadership in spearheading the aggregation of Mahindra Satyam with Tech Mahindra. He is a chemical engineering graduate from the National Institute of Technology, Rourkela. Gurnani has an illustrious career, having held influential positions at Hewlett-Packard Ltd., Perot Systems (India) Ltd., and HCL Corporation Ltd. In addition, he served as Nasscom chairman for the year 2016–17.

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Rajiv Bajaj

Rajiv Bajaj, the CEO and Managing Director of Bajaj Auto, is known for his remarkable leadership in the Indian motorcycle manufacturing industry. He assumed the position in 2005 and was re-appointed as MD and CEO in 2020. He made the company one of the strongest ones in the country under his leadership, and since then, it has never looked back. He changed the two-wheeler industry in India by introducing the Pulsar range of motorcycles. In 2017, he was ranked 42nd by India Today in their list of India’s 50 Most Powerful People.

In 2024, Rajiv Bajaj’s salary was reported to be Rs 53.75 crore.

Saugata Gupta

Saugata Gupta, the CEO and Managing Director of Marico Limited holds a B.Tech degree in Chemical Engineering from IIT Kharagpur and a PGDM in Marketing from IIM Bangalore. He joined Marico, a multinational consumer goods company from India, in 2004 as the Head of Marketing. Saugata is one of the prime faces who is responsible for the company’s success both in India and internationally. Recently, he has been re-appointed as the CEO and MD for a term of two years, effective from April 1, 2024, to March 31, 2026.

Saugata Gupta’s salary grew by a whopping 157% from Rs 14.02 crore in FY21 to Rs 36.1 crore in FY22. He emerged as the highest-paid CEO in the FMCG segment in FY22.

T. V. Narendran

T. V. Narendran is the CEO and MD of Tata Steel Limited, one of the world’s largest steel producers. He holds a degree in Mechanical Engineering from the National Institute of Technology (NIT) Trichy and an MBA from the Indian Institute of Management (IIM) Calcutta.

In FY21, he received a salary of Rs 15.58 crore. However, his FY22 package saw a significant increase, reaching Rs 19.5 crore, reflecting a growth of 25% compared to the previous year. In 2024, he got a salary of Rs 17.45 crore, while in 2025, he was compensated with Rs 17.30 crore, which is almost same as the previous year.

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Gopal Vittal

Gopal Vittal is the current CEO and Managing Director of Bharti Airtel Limited. He is an alumnus of Madras Christian College and has completed his MBA at IIM, Kolkata. Before joining Bharti Airtel, Gopal worked for twenty years at Unilever, where he excelled in various positions related to sales, marketing, and general management in markets spanning India, Thailand, Indonesia, and China. His diverse background and expertise have played a crucial role in shaping his leadership abilities.

In FY22, Gopal Vittal’s salary witnessed a 5.8% increase, amounting to Rs 15.25 crore.

On the other hand, Bharti Airtel chairman Sunil Mittal’s remuneration fell nearly 5% in FY22 to Rs 15.39 crore. His salary was Rs 16.8 crore in 2023, an increase of 9.16%.

Mohit Malhotra

Mohit Malhotra serves as the CEO of Dabur India Limited, a renowned consumer products, and Ayurvedic company. Under his leadership, Dabur has expanded its reach globally. Mohit holds a management degree from Pune University and an Executive master’s in International Business from the Indian Institute of Foreign Trade, New Delhi. His journey with Dabur began in 1994 as a management trainee, where he excelled in various roles in marketing and sales. He later became the CEO of Dabur International, based in Dubai, before assuming his current position as CEO of the company’s India business in April 2019.

Mohit Malhotra received Rs 14.60 crore as his salary in FY22, which increased by 42.85% from the Rs 10.22 crore in remuneration he received in FY21. He received Rs 13.35 crore in FY23.

Former Highest-Paid CEOs in India

The following list comprises the former highest-paid CEOs who have either undergone significant transformations or stepped down from their positions:

Thierry Delaporte

Thierry Delaporte, the ex-CEO of Wipro Limited, holds a bachelor’s degree in economics and finance from SciencesPo Paris and a Master of Laws from the Sorbonne University. He was appointed as CEO and MD of the company in July 2020 and has been dedicatedly serving in this role since then. Wipro, a global IT, consulting, and business process services company, is renowned for its valuable subsidiaries.

Thierry’s earnings saw a notable increase from Rs 64.3 crore in FY21 to Rs 79.8 crore in FY22. In FY23, his earnings amounted to $10 million (Rs 82.2 crore), slightly lower than the previous year’s $10.5 million (Rs 79.8 crore at that time).
His earnings for FY24 were Rs 167 crore.

Natarajan Chandrasekaran

Natarajan Chandrasekaran is the Chairman of Tata Sons. He was voted the best CEO for five consecutive years by Institutional Investor’s Annual All-Asia Executive Team. During the financial year 19, he received a package of Rs 65 crore. Chandrasekaran, the first non-Parsi to head the Tata Group, transitioned from his CEO role to become the Chairman of the Board at Tata Sons, the holding company and promoter of all Tata Group companies. His appointment as Chairman followed a remarkable 30-year career at Tata Consultancy Services (TCS), where he served as the CEO and Managing Director.

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Rajesh Gopinathan

Rajesh Gopinathan, the former CEO and Managing Director of Tata Consultancy Services (TCS), has made significant contributions to the success of the global IT solutions and consulting firm. In March 2023, he decided to step down from his position as CEO and MD to pursue other interests. TCS marked a new chapter on June 1, 2023, as it welcomed its new CEO and MD, K Krithivasan. Gopinathan is an electrical and electronic engineer who graduated from REC Trichy (now NIT, Trichy), and has a Post-Graduate Diploma in Management from IIM, Ahmedabad.

In FY23, TCS paid approximately Rs 30 crore to its former CEO, Rajesh Gopinathan.

Sanjiv Mehta

In October 2013, Mehta was appointed MD and CEO of Hindustan Unilever. He was named chairman in June 2018. In his capacity as Cluster President, he managed Unilever’s operations in South Asia, which include those in Bangladesh, India, Nepal, Sri Lanka, and Pakistan. Mehta is now a part of Unilever’s global executive board. Under his direction, HUL’s market value climbed from $17 billion to over $70 billion in just seven years, placing it among the top five most valuable firms in India and the biggest consumer staples company in Asia. The then CEO drew a salary of INR 22.36 Crore in the financial year 2023.

Ajay Srinivasan

Ajay Srinivasan, the former CEO of Aditya Birla Capital, joined the company in 2007. Before that, he was also the chief executive officer of fund management at Prudential Corporation Asia. The graduate from IIM Ahmedabad immediately became the CEO after his joining. His salary was Rs 28.22 crore in FY21.

In April 2022, Aditya Birla Capital announced that Vishakha Mulye would assume the position of Chief Executive Officer (CEO) following the departure of current CEO Ajay Srivinasan.

Vivek Gambhir

Vivek Gambhir was the former CEO and MD of Godrej Consumer Products Ltd. (GCPL). He spearheaded GCPL’s famous 3 by 3 strategy. Apart from this, Vivek is a founding member of Bain’s consulting operations in India. He is a Harvard MBA and the president of the Harvard Business School in India.

Vivek Gambhir’s salary was more than Rs 20 crore in FY19, making him the highest-paid FMCG executive that year. Later, he resigned from the company in 2020. Currently, Vivek Gambhir is the CEO of boAT, India’s leading audio and wearable brand.

Mukesh Ambani

Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, secured the second position on Brand Finance’s list of top CEOs, while Jensen Huang, the CEO of Nvidia, claimed the first spot. This recognition highlights Ambani’s outstanding brand guardianship and places him among the world’s leading CEOs. Ambani surpassed notable executives like Satya Nadella of Microsoft and Sundar Pichai of Google to rank first among Indian and Indian-origin CEOs on the Brand Guardianship Index 2023.

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Varun Berry

Varun Berry (former CEO and MD, Britannia) was elevated to the position of Executive Vice-Chairman and Managing Director in 2022. He holds a graduate degree in engineering (BE Mechanical) from Panjab University. Varun has over 32 years of experience with premier companies like Hindustan Unilever and Pepsico. With Varun’s elevation, Britannia appointed Rajneet Kohli as its new executive director and CEO.

Varun Berry received a salary worth Rs 11.47 crore in FY22, a jump from Rs 10.52 crore in FY21.

Vipin Sodhi

Vipin Sondhi took on the role of CEO at Ashok Leyland in 2019, a renowned Indian multinational automotive manufacturer and the country’s second-largest commercial vehicle manufacturer. As an alumnus of IIM Ahmedabad, he led the company with distinction and received a salary of INR 10.7 crore in FY21. However, he later decided to step down as Managing Director and CEO in December 2021.

Conclusion

The CEOs mentioned above are truly remarkable individuals who have not only revolutionized their respective companies but have also become beacons of inspiration for budding entrepreneurs, ambitious students, and professionals across India. The substantial salaries they command are a testament to the immense value they bring to their organizations, showcasing their exceptional expertise and strategic acumen. As we celebrate their extraordinary achievements, we acknowledge the pivotal role played by CEOs in shaping the future of India’s business landscape and propelling our nation’s economic growth.

FAQs

Who is the CEO?

A Chief Executive Officer (CEO) is the most senior corporate, executive, or administrative officer in charge of managing an organization, especially an independent legal entity such as a company or nonprofit institution.

To whom does the CEO report?

As the top manager, the Chief Executive Officer (CEO) is typically responsible for the corporation’s entire operations and reports directly to the Chairman and the Board of Directors.

Who are the highest-paid CEOs in India?

Some of the highest-paid CEOs in India are:

• Sandeep Kalra
• Pawan Munjal
• Rajeev Jain
• C Vijaykumar
• Dr Murali K Divi
• Salil Parikh
• S.N. Subrahmanyan

What is average salary of CEOs in india?

CEO salaries in India range widely, from INR 3–5 crore in mid-sized firms to INR 15–40+ crore annually in top listed companies.

What is the salary of CEO per month?

In India, top CEOs earn about INR 2–8 crore per month, depending on the company.