Pay Packets of India Inc's Top CEOs

Vivek Sinha, ET Bureau



CEOs across much of India Inc took home 27% higher salaries last year while handing out pink slips to employees at a time when their companies' net profits fell by almost a third. A slump in demand triggered by the global economic downturn saw a large number of Indian companies resorting to pink slips and salary cuts to cut costs.



An ET study surveyed the salaries of 50 CEOs, who got compensations in excess of Rs 1 crore in fiscal 2008, of publicly-listed companies that have filed their annual reports containing details of management remuneration. This is a small sample considering that over 500 such CEOs took home croreplus salaries in fiscal 2007, but it gives early trends.



The total pay packet of CEOs include salary, sitting fees as directors, commissions and certain other perks but excludes stock options and other allowances such as the gratuity.

Malvinder Singh

Company: Stepped down recently as the chairman, managing director & CEO of Ranbaxy Laboratories. Pay Packet(Figures in Rs Crore): 23.71   Martial Rolland Company: Nestle India  Pay Packet(Figures in Rs Crore): 6.24     K Surya Narayana Company: Oil Country Pay Packet(Figures in Rs Crore): 5.05       Dhruv Sawhney   Company: Triveni Industries  Pay Packet(Figures in Rs Crore): 3.94     Gautam Singhania Company:Raymond Pay Packet(Figures in Rs Crore): 3.69     AL Kapur   Company:Ambuja Cements  Pay Packet(Figures in Rs Crore): 3.09   Ashok Goel Company: Essel Propack Pay Packet(Figures in Rs Crore): 2.61     Vivek Mohan   Company: Abbott India Pay Packet(Figures in Rs Crore): 2.54         M Dziki   Company: Merck Ltd Pay Packet(Figures in Rs Crore): 2.41         Kewal Handa   Company:Pfizer Pay Packet(Figures in Rs Crore): 2.17