Last updated on: January 14, 2011 08:07 IST
1. Naveen Jindal - Salary: Rs 69.757 crore
Interestingly, topping the list of India's highest paid executives in India is a Member of Parliament from Kurukshetra, Naveen Jindal who is also the executive vice chairman and managing director of Jindal Steel & Power. Naveen Jindal, of the Congress, has topped the list with a remuneration of Rs 69.757 crore (Rs 697.57 million).
2. Kalanithi Maran - Salary: Rs 37.08 crore
Kalanithi Maran is the Chairman and Managing Director of Sun TV Network Limited and SpiceJet.He earned a salary of Rs 37.08 crore (Rs 370.8 million) in 2010. Kalanithi Maran heads Sun TV, India's biggest regional broadcaster. He owns 21 television channels in Tamil, Telugu, Malayalam and Kannada and 42 FM stations in Tamil, Telugu, Kannada and Hindi. He is a shareholder in Red FM. He also owns two Tamil newspapers and four Tamil magazines. In 2008, in partnership with Malaysia's Astro, he launched Sun Direct, a direct-to-home satellite television service provider. There are expansion plans in the pipeline, particularly in the television and radio industries. Maran is the son of the late DMK leader and former Union minister Murasoli Maran, the grandnephew of DMK president M Karunanidhi, and the brother of Dayanidhi Maran, former Union minister for communications and information technology.
3.Kavery Maran - Salary: Rs 37.08 crore
Kavery Maran is Kalanithi Maran's wife. She is the joint managing director of Sun TV Network Limited.In 2010, she took home the same salary as her husband: a whopping Rs 37.08 crore (Rs 370.8 million). She also looks after the operations of their vast business.
4. Pawan Munjal - Salary: Rs 30.88 crore
Pawan Munjal is the fourth highest paid CEO in India with a compensation of Rs 30.88 crore (Rs 308.8 million) plus a commission of Rs 29.50 crore (Rs 295 million), a rise of over 50 per cent over 2009. His total earnings in 2010 thus stand at Rs 60.38 crore (Rs 603.8 million). However, this list ranks executives only on their salary and does not also include the commissions they might have received. Pawan Munjal is the managing director and CEO of Hero Honda. He is responsible for growth and strategic planning for the entire group.
5. Brijmohan Lall Munjal - Salary: Rs 30.638 crore
B M Munjal is the fifth highest paid CEO with a package of Rs 30.638 crore (Rs 306.38 million).He also earned a commission of Rs 29.50 crore (Rs 295 million) in 2010.His total earnings in 2010 thus stand at Rs 60.13 crore (Rs 601.3 million). Founder director and chairman of the $2.8 billion Hero Group, Brijmohan Lall Munjal has also served as the president of Confederation of Indian Industry (CII), Society of Indian Automobile Manufacturers (SIAM). He has also won the Padma Bhushan Award.
6. Toshiaki Nakagawa - Salary: Rs 30.03 crore
Toshiaki Nakagawa, Joint managing director, Hero Honda is at the sixth position in terms of highest salaries drawn by executives in India. Nakagawa's salary is at Rs 30.03 crore (Rs 300.3 million). He too earned a commission of Rs 29.50 crore (Rs 295 million) in 2010, putting his total earnings at Rs 59.53 crore (Rs 595.3 million).He joined Honda Motor Co, Ltd, Japan in April 1973. He later took over various assignments at senior positions in the worldwide Honda network. He looks at overseas sales of automobiles and motorcycles.
7. Sumihisa Fukuda - Salary: Rs 29.91 crore
Sumihisa Fukuda, Technical director, Hero Honda received an 89 per cent hike in his compensation. His salary stands at Rs 29.91 crore (Rs 299.1 million) He also earned a commission of Rs 29.50 crore (Rs 295 million) in 2010. His total earnings come to Rs 59.41 crore (Rs 594.1 million). Sumihisa Fukuda who was appointed as an additional and technical director on May 13, 2008, has more than 30 years of experience.
8. Onkar Kanwar - Salary: Rs 29.69 crore
The Chairman of Apollo Tyres, Onkar Kanwar saw a whopping rise in salary commensurate with a rise in company's profit. Kanwar bagged the eighth highest salary of Rs 29.69 crore (Rs 296.9 million), a rise of 222 per cent. He also got a commission of Rs 18.50 crore (Rs 185 million), taking his total earnings to Rs 48.19 crore (Rs 481.9 million). Onkar Kanwar is the chief architect of the company's vision and guides the company's operations. Under his leadership in the 1980s and 90s, Apollo
9. Pankaj Patel- -Salary: Rs 28.63 crore
Pankaj Patel, Chairman and Managing Director of Cadila Healthcare, with a salary of Rs 28.63 crore (Rs 286.3 million) is the tenth highest paid CEO in India.
10. Kumar Mangalam Birla - Salary: Rs 28.467 crore
Head of commodities conglomerate Aditya Birla Group has his hands full with a move to restructure group's cement business. His salary for the year 2010 was 28.467 crore (Rs 28.467 million).He also received a commission of Rs 28.45 crore (Rs 284.5 million), taking his total earnings for the year to Rs 56.917 crore (Rs 569.17 million).Kumar Birla is also the tenth richest Indian.
11. P R R Rajha - Salary: Rs 27.60 crore
Unlike other CEOs, PRR Rajha's compensation dropped by 3 per cent to Rs 27.91 crore (Rs 279.1 million). But he also got a commission of Rs 27.60 crore (Rs 276 million), taking his annual earnings to Rs 55.51 crore (Rs 555.1 million).
Rajha is the Managing Director of Madras Cements Ltd. He also serves as Chairman of Ramco Systems, Ramco Industries and Rajapalayam Mills Ltd.
12. Sunil Mittal - Salary: Rs 23.488 crore
A first generation entrepreneur, Sunil Bharti Mittal started his first business in April 1976 at the age of 18, with a capital investment of Rs 20,000 borrowed from his father. His first business was to make crankshafts for local bicycle manufacturers. His salary for the year 2010 stood at Rs 23.488 crore (Rs 234.88 million), making him the 12 highest paid executive in India. Mittal's Bharti Enterprises is now one of India 's leading business groups with interests in telecom, financial services, retail, manufacturing, and agri business.
Sunil Mittal started his career after graduating from Punjab University in India . He founded Bharti in the year 1976. Today, at 50, he heads a successful enterprise with a market capitalization of about $40 billion employing over 30,000 people.
13. Markand Bhatt - Salary: Rs 21.501 crore
Markand Bhatt, who is an Indian Institute of Management-Ahmedabad alumnus, heads the Torrent Group. His salary was Rs 21.501 crore (Rs 215.01 million) in 2010. Apart from tis, he received a commission of Rs 17.60 crore (Rs 176 million). His other directorships include Torrent Power Ltd., Torrent Pipavav Generation Ltd., and Torrent Energy Ltd.
14. Sajjan Jindal - Salary: Rs 19.273 crore
Sajjan Jindal is the Vice Chairman and Managing director of JSW Steel. His pay packet for 2010 was Rs 19.273 crore (Rs 192.73 million). JSW Steel is India's third-largest steel producer.
15. Vivek Kumar Jain - Salary: Rs 18.184 crore
Vivek Jain is the Managing Director of Gujarat Fluorochemicals.His salary for 2010 stood at Rs 18.184 crore (Rs 181.84 million). He also earned a commission of Rs 17.613 crore (Rs 176.13 million) during the year. He is a graduate of Commerce from St Stephens College Delhi and also has a post graduate degree in Business Administration from the Indian Institute of Management Ahmedabad. He has over 25 years of rich business experience in setting up and managing several businesses. Gujarat Fluorochemicals Limited is a part of the $2 billion INOX group of companies -- a family owned, professionally managed business group, with interests in diverse businesses. Listed on both the Bombay Stock Exchange and national Stock Exchange, GFL has a market capitalisation of close to $1 billion.
16. E Sudhir Reddy - Salary: Rs 18.182 crore
E Sudhir Reddy, the Chairman and Managing director of IVRCL Infrastructure and Projects. He received a salary of Rs 18.182 crore (Rs 181.82 million) in 2010 and a commission of Rs 16.684 crore (Rs 166.84 million), making him the 16t highest paid executive in India.
17. D Bhattacharya - Salary: Rs 17.143 crore
D Bhattacharya is the Managing Director of Hindalco. He heads the Aditya Birla Group's non-ferrous metals business. In 2010, he received a salary of Rs 17.143 crore (Rs 171.43 million).
18. Rick Bott - Salary: Rs 16.474 crore
Cairn India's executive Director and Chief 0perating Officer, Rick Bott, is the 18th highest paid executive in India. In 2010, is salary was Rs 16.474 crore (Rs 164.74 million).Bott has over 20 years experience and has joined Cairn India from Devon Energy's International division where he was vice president responsible for developing and implementing business growth and exploration strategy.
19. N Srinivasan - Salary: Rs 15.938 crore
N Srinivasan, Managing Director, India Cements is India's 19th highest paid executive. His salary was Rs 15.938 crore (Rs 159.38 million). In 2010. Besides, he also received a commission of Rs 10.11 crore (Rs 101.1 million) during the period. N Srinivasan is also the Secretary of the Board of Control for Cricket in India and owner of the IPL team Chennai Super Kings.
20. A M Naik - Salary: Rs 15.297 crore
Anil M Naik is the Chairman and Managing Director of Indian Engineering giant Larsen & Toubro. He was awarded the Padma Bhushan in 2009. In 2010, his salary was Rs 15.297 crore (Rs 152.97 million). He also received a commission of Rs 10.55 crore (Rs 105.5 million).
21. Mukesh Ambani - Salary: Rs 15 crore
Mukesh Ambani, the Chairman and Managing Director of Reliance Industries Ltd, earned a salary of Rs 15 crore plus commission of Rs 4.64 crore, taking his annual earnings to Rs 19.64 crore (Rs 196.4 million). Mukesh Ambani has been ranked India's richest person, and the world's fifth richest man, by business magazine Forbes. At $27 billion, Mukesh Ambani is as rich as Larry Ellison, the third richest American. Bill Gates at $54 billion is twice as rich as Ambani. Ambani, who joined Reliance in 1981, led the creation of the world's largest grassroots petroleum refinery at Jamnagar, Gujarat, built at a cost of Rs 100,000 crore (Rs 1,000 billion).
22. Bharat Singhania - Salary: Rs 14.445 crore
Bharat Hari Singhania is the ManagingDirector of JK Corp, the cement arm of the JK Group. For 2010, his salary was Rs 14.445 crore (Rs 144.45 million). He also received a commission of Rs 12.276 crore (Rs 122.76 million) during the year.
23. Jayadev Galla - Salary: Rs 13.84 crore
Jayadev Galla is Managing Director of Amara Raja Batteries Ltd. He received a salary of Rs 13.84 crore (Rs 138.4 million) in 2010. During the same year, he also got a commission of Rs 13.589 crore (Rs 135.89 million), taking his total earnings to Rs 27.429 crore (Rs 274.29 million).
24. Rahul Dhir - Salary: Rs 13.563 crore
Rahul Dhir is Chief Executive Officer of Cairn India. His salary for 2010 was Rs 13.563 crore (Rs 135.63 million). He completed his degree in Bachelor of Technology from the Indian Institute of Technology, Delhi. He went on to complete his M.Sc from the University of Texas at Austin and MBA from the Wharton Business School in Pennsylvania.
25. Murali K Divi - Salary: Rs 13.47 crore
Murali K Divi is the Chairman and Managing Director of Divi's Labs. His salary in 2010 was Rs 13.47 crore (Rs 134.7 million), while he also received a commission of Rs 12.53 crore (Rs 125.3 million) during the same year.
56. Azim Premji - Salary: Rs 7.869 crore
Azim Premji, Chairman of Software major Wipro, received a salary of Rs 7.869 crore (Rs 78.69 million). He also got a commission of Rs 6.515 crore (Rs 65.15 million). He is the 56th highest paid executive in India. Wipro has done well over the last one year, recording a significant turnaround. Wipro has also signed a $500-million, nine-year contract from Unitech Wireless. Company's consumer care division bought Asian business of personal care brand Yardley from UK's Lornamead. Premji is the 3rd richest Indian.
383. Ratan Tata - Salary: Rs 2.289 crore
The chairman of India's largest conglomerate and one of the world's most admired and influential businessmen, Ratan Tata draws a very modest salary as compared to other Indian executives. The Tata Group chairman got a salary of Rs 2.289 crore (Rs 22.89 million) for 2010.He also received a commission of Rs 2.24 crore (Rs 22.4 million) for the year. He thus ranks 383 in the list of highest paid executives compiled by Business India.
(Source: Business India )