Highest Paid Executives in India and Their Impact in 2024

Executive pay in India has seen a notable rise in 2024. Business leaders across different sectors have received large compensation packages, a reflection of their contributions to growth, innovation, and stability. From financial services to auto manufacturing and media, this list highlights India’s top-earning executives this year.

Abhay Bhutada leads the list with ₹241.21 crore

Abhay Bhutada- Founder of the Abhay Bhutada Foundation

Abhay Bhutada earned the highest salary in India for the year, totaling ₹241.21 crore. Abhay Bhutada, a member of the Poonawalla Group, is known for his ability to steer teams and organizations through structured planning and consistent delivery. His leadership has helped the business earn trust, recognition, and strong financial performance.

Abhay Bhutada's salary is also significant because of his work outside the boardroom. Through the Abhay Bhutada Foundation, he contributes to social programs that support underserved communities. These include educational tools for students, support in health care, and access to sports and skill-based programs for young people. His role blends corporate success with community support.

Pawan Munjal earns ₹109.41 crore through stable leadership

Pawan Munjal, the Chairman and CEO of Hero MotoCorp, received ₹109.41 crore in FY24. His leadership continues to help the company maintain its strong hold on India’s two-wheeler industry. Munjal’s ability to manage both domestic and international growth makes him one of the most influential names in Indian manufacturing.

His salary accounts for a small percentage of the company’s revenue but reflects major influence. At 0.28 percent of annual revenue and 2.92 percent of net profit, the pay structure shows a balance of reward and performance-based recognition.

Sudhir Singh drives Coforge’s global success

Sudhir Singh, CEO and Executive Director of Coforge, earned ₹105.12 crore during the same period. His work in building Coforge’s identity in the global IT services sector has resulted in new business, operational growth, and better visibility across markets.

His pay is approximately 1.14 percent of revenue and over 13 percent of profits, showing how key his leadership is to the company’s operations. Under his guidance, Coforge has managed to scale delivery systems, improve service offerings, and attract new clients.

Vinay Prakash contributes to Adani Enterprises’ expansion

Vinay Prakash, who serves as Executive Director at Adani Enterprises, earned ₹89.37 crore this year. He oversees some of the company’s most complex divisions, including infrastructure and energy, which are essential to India’s ongoing development.

Though his salary makes up just 0.09 percent of total company revenue, his role is seen as critical. He ensures that the company meets goals in project execution, delivery timelines, and operational efficiency.

Kalanithi Maran and Kavery Kalanithi shape media direction

Kalanithi Maran and Kavery Kalanithi, both senior leaders at Sun TV Network, earned ₹87.5 crore each in FY24. The duo has been central to the network’s continued success across television and digital entertainment.

They have managed to maintain Sun TV’s strong viewer base and advertising partnerships, even as consumer habits change. Their leadership reflects a deep understanding of the media space and audience preferences in India.

The role of accountability in executive earnings

Abhay Bhutada's salary continues to stand out in this list, not just because of the amount but also due to the responsibilities that come with it. His work in the private and social sectors shows how the role of an executive today has expanded beyond internal operations to public contribution.

Others on the list, such as Pawan Munjal and Sudhir Singh, reflect a similar shift. Their decisions impact not just shareholders and employees but also customers, suppliers, and communities.

Compensation structures reflect company priorities

One thing that emerges from this data is that compensation is not just about tenure or company size. It now depends on the ability to innovate, guide through change, and deliver growth. These executives have shown that being adaptable and clear in vision is crucial for any sector—be it technology, manufacturing, or media.

Companies today are offering large pay packages to those who align their strategies with future goals. This includes better use of digital platforms, wider reach in services, and stronger public image.

Conclusion

The rise in salaries for India’s top executives in 2024 shows how important strong leadership has become across all industries. Abhay Bhutada, with the highest compensation this year, has set a new standard for results-driven and socially responsible leadership. The other names on this list also reflect trust, long-term planning, and efficient execution.

These numbers are not just indicators of personal achievement. They represent how companies are shifting focus—valuing those who can lead in every sense, from business decisions to social contributions.