India’s Top CEOs and Their Record-Setting Pay Packages

The remarkable pay packages of India’s leading CEOs and executives highlight their vital roles in driving the success and expansion of their companies. In 2024, key figures from sectors such as finance, IT consulting, steel, media, and two-wheelers received compensation packages that reflected their contributions to company growth. These figures emphasize not only their leadership skills but also their long-term impact on shaping the future of Indian industries. Let’s explore the top earners in Indian business today.

Abhay Bhutada: A Shift Towards Philanthropy

Abhay Bhutada, who now leads the Abhay Bhutada Foundation, earned ₹241.21 crore in 2024. Although no longer a part of Poonawalla Fincorp, Bhutada’s leadership was pivotal to the company’s remarkable growth during his tenure. Today, through his foundation, Bhutada is making a meaningful impact in areas like education and healthcare. His transition from corporate leadership to philanthropy underscores his vision for creating lasting societal change.

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Pawan Munjal: Leading Hero MotoCorp’s Global Expansion

Pawan Munjal, Chairman and Wholetime Director of Hero MotoCorp, earned ₹109.41 crore in 2024. While this represents a small fraction of the company’s revenue (0.28%) and net profit (2.92%), Munjal’s strategic vision has positioned Hero MotoCorp as a global leader in the two-wheeler industry. His leadership has expanded the company’s reach internationally, further strengthening its global market presence.

Kalanithi Maran and Kavery Kalanithi: Leading Sun TV Network’s Dominance

Kalanithi Maran, Executive Chairman of Sun TV Network, and Kavery Kalanithi, Executive Director, both received ₹87.5 crore in 2024. This figure reflects their immense contribution to the company’s position as one of India’s leading broadcasters. Maran’s leadership has allowed Sun TV Network to expand significantly, while Kavery continues to build on her father’s legacy in shaping the company’s future in media.

Naveen Jindal: Pushing Jindal Steel & Power to New Heights

Naveen Jindal, Executive Chairman of Jindal Steel & Power, earned ₹84.995 crore in 2024. His leadership has been crucial in positioning Jindal Steel & Power as one of the country’s top steel producers. Despite his salary being a small percentage of the company’s overall revenue, Jindal’s vision and direction have played a key role in the company’s success and global expansion.

Sajjan Jindal: Transforming JSW Steel

Sajjan Jindal, Chairman and Managing Director of JSW Steel, earned ₹73.39 crore in 2024. While his remuneration is a small percentage of the company’s revenue and net profit, his leadership has been central to JSW Steel’s rise as one of India’s largest steel manufacturers. Jindal’s vision and direction have contributed significantly to the company’s success and expansion in the global steel industry.

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Salil S. Parekh: Strengthening Infosys’ Global Position

Salil S. Parekh, Managing Director and CEO of Infosys, earned ₹66.25 crore in 2024. Despite representing a small percentage of the company’s revenue and net profit, Parekh’s leadership has been crucial in guiding Infosys toward consistent growth. Under his direction, Infosys continues to solidify its place as one of the world’s leading IT consulting and software services providers.

Final Thoughts

The remuneration of India’s top CEOs and executives reflects the immense value they bring to their organizations. These leaders have proven to be key drivers of growth, guiding their companies through challenges and seizing opportunities for expansion. Whether in the finance, media, steel, or IT consulting sectors, their strategic vision and leadership continue to shape the future of India’s corporate landscape.