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Thirty Indian CEOs annual salary above Rs 1 crore; counting still on

Companies are currently in the process of disclosing top management salaries for the financial year ended March 31, through their annual reports for the period.

twitter-logoPTI | May 30, 2011 | Updated 14:52 IST

Mukesh Ambani has got company of at least 29 fellow corporate executives, including four from his own group Reliance Industries Ltd (RIL), in terms of annual salaries running into crores of rupees for the latest financial year.

These include JSW Energy's Sajjan Jindal, Hindustan Construction's Ajit Gulabchand, Raymond's Gautam Hari Singhania, ICICI Bank's Chanda Kochhar, Axis Bank's Shikha Sharma and Infosys' S. Gopalakrishnan and S.D. Shibulal.

Companies are currently in the process of disclosing top management salaries for the financial year ended March 31, through their annual reports for the period.

Just about a month in the process since the annual reports of listed companies began trickling in late April, as many as 30 top corporate executives have been found to have received annual compensation exceeding Rs 1 crore.

So far, the figures are available for a total of 32 companies, out of which executives at 13 companies received salaries in excess of Rs 1 crore mark in 2010-11, an analysis of information available with financial data aggregator Capitalline shows.

Besides RIL's chairman and managing director (CMD) Mukesh Ambani, there are four more top executives from the company - Nikhil Meswani, Hital Meswani, P. M. S. Prasad and Pawan Kumar Kapil - in this elite league.

The list of executives with salaries exceeding Rs 1 crore includes a total of four executives from ICICI Bank, including its chief, and five from IT major Infosys, including T. V. Mohandas Pai and K. Dinesh, who recently left the company.

Also, there are three top executives from JSW Energy (N.K. Jain, Lalit Kumar Gupta and S.S Rao) besides its chief. The Infosys executives include Srinath Batni, while those from ICICI Bank include K. Ramkumar, N. S. Kannan and Rajiv Sabharwal.

The total list of executives with such salaries would grow further as more companies reveal their figures in the coming days.

For 2009-10, there were more than 800 corporate honchos with a pay package of over Rs 1 crore.

For the latest year ended March 31, the list is so far led by Mukesh Ambani with a pay package of Rs 15 crore - which has remained unchanged for three years now.

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