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Indias Highest Paid Executives

Indias Highest Paid Executives

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BUSINESS INDIA
November 29, 2009
Rank Name Company Position Remuneration Commis-2009 2008-09 sion
(in Rs lakh)(in Rs lakh) 
Rank Name Company Position Remuneration Commis-2009 2008-09 sion
(in Rs lakh)(in Rs lakh) 
1Anil Ambani ±
 ADAG GROUPChairman5204.205200.00
2Kalanithi Maran
SUN TVCMD3708.00
3Kavery Kalanithi
SUN TVJt. MD3708.00
4P.R. Ramasubrahmaneya Rajha
MADRAS CEMENTSCMD2871.432840.14
5Naveen Jindal
JINDAL STEEL & POWER Exec. Vice CMD2827.932035.63
6Malvinder Singh
RANBAXY+Chairman, CEO & MD2371.83
7Sunil Bharti Mittal
BHARTI AIRTELCMD2089.66
8Vivek Jain
GUJARAT FLUOROMD2073.312020.49
9Gautam Adani ±
 ADANI GROUPChairman2002.941763.94
10Brijmohan Lall Munjal
HERO HONDAChairman1979.281861.00
11Pawan Munjal
HERO HONDAMD & CEO1968.681861.00
12Toshiaki Nakagawa
HERO HONDAJt. MD1908.211861.00
13Kumar Mangalam Birla ±
 ADITYA BIRLA GROUPChairman1804.521803.92
14Susmihisa Fukuda
HERO HONDATech. Dir1581.421549.98
15Murali Divi
DIVIS LABORATORIESCMD1561.00
16Markand Bhatt
TORRENT POWERWTD1547.081200.00
17Pankaj Patel
CADILA HEALTHCARE CMD1520.00
18Jignesh Shah
FINANCIAL TECHCMD1501.711150.00
19Mukesh Ambani
RELIANCE INDCMD1500.001341.00
20E. Sudhir Reddy
IVRCL INFRACMD1478.701327.20
21O.S. Kanwar
 APOLLO TYRESCMD1472.58500.00
22N. Srinivasan
INDIA CEMENTSVice CMD1427.61844.00
23A.M. Naik
LARSEN & TOUBROCMD1255.16844.50
24Amar Lulla
CIPLAJt. MD1232.461200.00
25Rakesh Kumar Wadhawan
HDILExec. Chairman1200.00
26P. Trivikrama Prasad
NAVA BHARAT VENTURES
MD1184.741042.75
27D. Ashok
NAVA BHARAT VENTURES
Chairman1182.781042.75
28Rick Bott
CAIRNED & COO1145.51
29D. Bhattacharya
HINDALCOMD1109.40
30Ajit Gulabchand
HCCCMD1108.80576.00
31Vijay Kantilal Sheth
GREAT OFFSHOREVice CMD1096.55720.00
32Hital Meswani
RELIANCE INDED1093.001041.00
33Nikhil Meswani
RELIANCE INDED1093.001041.00
34H.K. Mittal
MERCATOR LINESExec. Chairman1036.98960.00
35A.J. Agarwal
MERCATOR LINESMD1036.97966.48
36Rajesh Adani
 ADANI ENTERPRISESMD995.00801.00
37Reji Abraham
 ABAN OFFSHOREMD923.02823.75
38P.R.S. Oberoi
EIH Chairman & CE914.97584.36
39N. Ramachandran
INDIA CEMENTSED888.40422.00
40N.V. Ramana
DIVIS LABORATORIES ED865.00
41Prathap C. Reddy
 APOLLO HOSPITALSExec. Chairman862.14
42Y.K. Hamied
CIPLACMD829.78750.00
43James L. Whiteford
IL&FSWTD822.21
44K. Anji Reddy
DR. REDDYS LABSChairman806.220.75
45M.K. Hamied
CIPLAJt. MD784.15700.00
46S.C. Mehta
DEEPAK FERT & PETROVice CMD762.99689.35
47Y.C. Deveshwar
ITCChairman758.80480.00
48Sameer Gehlaut
INDIABULLS FINANCEChairman752.77
49N.K. Kshatriya
CASTROLMD & CEO725.19
50Y.M. Deosthalee
LARSEN & TOUBROWTD & CFO715.59422.25
51Rahul Dhir
CAIRNMD & CEO714.59
52K. Venkataramanan
LARSEN & TOUBRODiv WTD & Pres 711.27422.25
53R.N. Mukhija
LARSEN & TOUBRODiv WTD & Pres 706.80422.25
54Navin Agarwal
STERLITE INDExec. VC700.07
55B.G. Bangur
SHREE CEMENT Exec. Chairman694.60450.00
56Ravi Narain
NSEMD689.56
57G. Bala Reddy
ICSA CMD688.66413.26
58S.S. Mukherjee
EIH VC669.73328.70
59Desh Bandhu Gupta
LUPINChairman667.20473.00
60B.G. Raghupathy
BGR ENERGYCMD664.51
61Sajjan Jindal
JSW STEEL Vice CMD655.62
62H.M. Bangur
SHREE CEMENT MD645.17400.00
63J.P. Nayak
LARSEN & TOUBRODiv WTD & Pres 638.89422.25
64Pramod Chaudhari
PRAJ INDExec. Chairman637.35297.00
65Jaydev Galla
 AMARA RAJA BATTERIES MD630.70
66Rahul Bajaj
BAJAJ AUTOChairman626.90360.00
67Bharat Sheth
GE SHIPPINGDy. CMD626.08414.00
68Martial Rolland
NESTLE INDIACMD624.72
69Baba Kalyani
BHARAT FORGECMD622.18
70Bharat Hari Singhania
JK LAKSHMI CEMENTVice CMD618.00450.00
71Vinita Singhania
JK LAKSHMI CEMENTMD616.00450.00
72Ajay Piramal
PIRAMAL HEALTHCAREChairman612.76250.00
73Baijayant Panda
INDIAN METALS & FERRO
VC611.52554.00
74B. Panda
INDIAN METALS & FERRO
Exec. Chairman609.05554.00
75Subhrakant Panda
INDIAN METALS & FERRO
MD608.55554.00
76Sarang Wadhawan
HDILMD600.00
77Yadupati Singhania
JK CEMENTSMD584.00350.00
78M.V. Kotwal
LARSEN & TOUBRODiv WTD & SEVP575.19337.80
79Sudhir Mehta
TORRENT POWERChairman562.85200.00
80T.C. Goyal
DLF MD559.42225.00
81Kiran Divi
DIVI’S LABORATORIES Div Dir 556.00
82Rajeev Jhawar
USHA MARTINMD544.71461.12
83R. Bickson
INDIAN HOTELS CO MD531.00
84Ratan Jindal ++
JSLVice CMD528.02
85David Nishball
BHARTI AIRTELDiv Pres 527.15
86J. Schubert
SIEMENSWTD527.04
87V.K. Magapu
LARSEN & TOUBRODiv WTD & SEVP521.62337.80
88Armin Bruck
SIEMENSMD521.37
89K.V. Rangaswami
LARSEN & TOUBRODiv WTD & Pres 521.26337.80
90G.M. Rao
GMR INFRAExec. Chairman519.94517.05
91Vinod Mittal
ISPATVice CMD514.32
92Stephan Gerlich
BAYER CROPSCIENCEMD512.19
93Urvi Piramal
PENINSULA LANDExec. Chairman505.01225.00
94S. Misra
ULTRATECH CEMENTMD503.00
95Pradeep Kumar Jain
PARSVNATH DEVELOPERS
Chairman500.00
96Prakash Sanghvi
RATNAMANI METALSCMD499.87421.00
97Satish Reddy
DR. REDDYS LABSMD & COO495.18400.00
98G.V. Prasad
DR. REDDYS LABSVC & CEO495.09400.00
99S.K. Bangur
WEST COAST PAPER CMD494.67463.00
100Rohtas Goel
OMAXECMD488.0075.00
N
70
NN
 
BUSINESS INDIA
November 29, 2009
Rank Name Company Position Remuneration Commis-2009 2008-09 sion
(in Rs lakh)(in Rs lakh) 
Rank Name Company Position Remuneration Commis-2009 2008-09 sion
(in Rs lakh)(in Rs lakh) 
101Analjit Singh
MAX INDIA CMD481.78
102Janmejay Vyas
DISHMAN PHARMAMD466.67
103S. Khosla
P&G HEALTHCAREMD458.04
104A.A.V. Ranga Raju
NAGARJUNA CONSTMD455.75246.47
105Deepak Parekh
HDFCChairman455.63250.20
106G.V. Krishna Reddy
TAJ GVK HOTELSExec. Chairman447.82
107D.V. Rao
LANCO INFRATECHDir444.70
108A.J. Prasad
HBL POWERCMD437.23426.35
109Kamal Sharma
LUPINMD436.40
110Samir Mehta
TORRENT PHARMAMD434.23200.00
111Abhay Oswal
OSWAL CHEM & FERTCMD433.87
112K.G. Tendulkar
HCCDy. MD430.30240.00
113M.B. Parekh
PIDILITEMD428.40270.00
114D. Jayavarthanavelu
LAKSHMI MACHINE CMD427.84326.32
115Kuldip Kumar Kaura
STERLITE IND MD & CEO426.49
116V.K. Rekhi
UNITED SPIRITS MD423.62
117Chitra Ramkrishna
NSEDy. MD421.42
118Vinita Bali
BRITANNIAMD420.95150.00
119Vimal Kishore Kaushik
PUNJ LLOYDMD418.82
120Madhur Bajaj
BAJAJ AUTOVC414.04252.00
121Bhagirath Arya
JBF INDChairman413.44130.00
122B. Muthuraman
TATA STEELMD403.133.50
123K.M. Sheth
GE SHIPPINGExec. Chairman402.70200.00
124Dhruv Sawhney
TRIVENI ENGG **CMD394.35200.00
125Manoj Kohli
BHARTI AIRTELCEO & Jt. MD392.65
126S. Ramadorai
TCSMD & CEO390.14
127Premchand Godha
IPCA LABSMD389.13216.00
128Tomotaka Ishikawa
BAJAJ AUTOAdvisor381.38
129C. Jayaram
KOTAK MAHINDRA BANK
ED381.21
130K.R. Thakur
JYOTI STRUCTURES MD379.10276.50
131J.P. Chowdhary
TITAGARH WAGONSExec. Chairman372.76
132Umesh Chowdhary
TITAGARH WAGONSVice CMD372.76
133Rajiv Rattan
INDIABULLS FINANCENED370.91
134Rakesh Jain
 ADITYA BIRLA NUVOJt. MD370.3384.30
135P. Subramanian
SHANTHI GEARSCMD370.29346.29
136Gautam Hari Singhania
RAYMONDCMD369.31
137Mahesh Gupta
PENINSULA LANDGroup MD367.02150.00
138Milind Barve
HDFCDir367.00
139Joy Chakraborthy
ZEE ENTERTAINMENTCRO364.80
140R.D. Shroff
UNITED PHOSPHORUSCMD362.55
141S.D. Lalla
UNITED SPIRITSDiv Jt. Pres360.46
142Rajinder Kumar
DR. REDDYS LABSPres360.43
143Dinesh Oswal
NAHAR SPINNINGMD359.56
144Pravin Agarwal
STERLITE TECH
WTD358.0037.50
145Ashok Advani
BLUE STARCMD357.88233.00
146Ravi Sheth
GE SHIPPINGED355.09210.00
147Shyam S. Bhartia
JUBILANT ORGANOSYSCMD351.94110.00
148Tarun Jain
STERLITE INDWTD350.16
149Hari S. Bhartia
JUBILANT ORGANOSYSCo- CMD349.88110.00
150D. Sundaram
HINDUSTAN UNILEVERVC347.27182.25
151Jean de Montalur
FEDERAL MOGUL+MD & Pres345.54
152Tilak Raj Mehta
CMI FPECMD345.35
153Suneel Advani
BLUE STARVice CMD345.14233.00
154Preetha Reddy
 APOLLO HOSPITALSMD344.85
155Sarvjit Singh Dhillon
BHARTI AIRTELGroup Dir 344.06
156Pradeep Guha
ZEE ENTERTAINMENTCEO343.07
157Ashok Jaipuria
COSMO FILMSCMD342.5130.80
158Norman Don Price IV
BHARTI AIRTELDiv Dir 342.26
159Shekhar Bajaj
BAJAJ ELECTRICALSCMD340.98283.96
160Glenn Saldhana
GLENMARK PHARMAMD & CEO340.93
161P. de Royer
SIEMENSED336.64
162Ajai Chowdhry
HCL INFOChairman & CEO334.88
163Rujan Panjwani
EDELWEISSPres334.43
164Rajiv Singh
DLF VC332.30250.00
165Dipak Gupta
KOTAK MAHINDRA BANK ED331.96
166Rajiv Bajaj
BAJAJ AUTOMD331.17216.00
167C.J.M. Reuvers
PHILIPS ELECTRONICS+CFO329.76
168Bharat K. Singh
 ADITYA BIRLA NUVOMD327.7763.50
169Akhil Gupta
BHARTI AIRTELJt. MD327.55
170Bernd Lohmann
BAYER CROPSCIENCEDiv Head 327.23
171Nitin Paranjpe
HINDUSTAN UNILEVERMD & CEO326.69125.26
172Ravi Kant
TATA MOTORSMD326.50
173Luv Chhabra
PUNJ LLOYDDiv Dir 325.49
174H.S. Bedi
TULIP TELECOMCMD323.26
175Jai Menon
BHARTI AIRTELDiv Dir 322.10
176Arun Kumar Jagatramka
GUJARAT NRECMD321.12144.01
177Keki Mistry
HDFCVice CMD320.78186.00
178K.K. Maheshwari
 ADITYA BIRLA NUVOBiz Dir320.6382.25
179Rajeev Piramal
PENINSULA LANDExec. VC320.14150.00
180Shailendra Jain
GRASIMWTD319.98
181B.S. Sawhney
KOUTONSMD319.20
182D.P.S. Kohli
KOUTONSChairman & WTD319.20
183G.S. Sawhney
KOUTONSDy. MD319.20
184Gautam Thapar ~
CROMPTON GREAVESChairman318.00318.00
185G. Vivekanand
VISAKA INDMD315.25251.00
186Yutaka Kudo
HERO HONDAWTD315.11305.92
187K. Ganguly
UNITED BREWERIESMD314.71
188P. Bhattacharya
USHA MARTINJt. MD313.20230.56
189G. Indira Krishna Reddy
TAJ GVK HOTELSMD312.20
190Sudhir Trehan
CROMPTON GREAVESMD312.00104.00
191G.B.S. Raju
GMR INFRAMD311.97310.25
192Aditya Puri
HDFC BANKMD311.63
193Arun Mehta
VARUN SHIPPINGCMD311.50144.00
194Jayant Sanghvi
RATNAMANI METALSWTD310.04251.00
195A.L. Kapur
 AMBUJA CEMENTSMD309.60
196Maninder Bedi
TULIP TELECOMED309.04
197Arun Bharat Ram
SRF Chairman308.75
198K.V. Kamath
ICICI BANKMD & CEO308.30
199Hitesh Patel
KINGFISHEREVP306.92
200K.P. Singh
DLF Exec. Chairman306.52250.00
N
71
NN
 
BUSINESS INDIA
November 29, 2009
Rank Name Company Position Remuneration Commis-2009 2008-09 sion
(in Rs lakh)(in Rs lakh) 
Rank Name Company Position Remuneration Commis-2009 2008-09 sion
(in Rs lakh)(in Rs lakh) 
201K. Swarup
DLF ED306.15
202Ashok Jiwarjka
 ALOK IND
Exec. Chairman
305.00125.00
203C.K. Bubna
 ALOK INDED305.00125.00
204Dilip Jiwarjka
 ALOK INDMD305.00125.00
205Surendra Jiwarjka
 ALOK INDJt. MD305.00125.00
206S.V. Balasubramaniam
BANNARI AMMAN SUGARS
MD303.45
207Prayasvin Patel
ELECON ENGGCMD301.68198.00
208K.V. Mani
KALPATARU POWERAdditional Dir301.62106.09
209Prakash Mody
UNICHEMCMD300.97150.47
210J. Saxena
ELDER PHARMACMD300.01
211Deepak Puri
MOSER BAERCMD300.00
212Rajesh Jaggi
PENINSULA LANDMD300.00100.00
213Kamal Sarda
SARDA ENERGYCMD298.63
214Renu Karnad
HDFCJt. MD298.63171.00
215Chandrakant Sanghvi
SANGHVI MOVERSCMD297.56157.00
216Anil Jain
JAIN IRRIGATIONMD296.58137.68
217S. Banerjee
CESCMD295.18200.00
218Raymond Noronha
VST INDMD294.43
219Rajesh Jain
EMCOCMD294.38250.00
220Shailesh Jain
EMCOVC, MD & CEO293.80250.00
221Jeya Kumar
MPHASISEx CEO & Dir293.07
222Anup Singh
ITCED292.73162.00
223Rashesh Shah
EDELWEISSCMD292.18
224Atul Sobti
RANBAXY+COO290.76
225Swati Piramal
PIRAMAL HEALTHCARE ED289.15125.00
226Deepak Mittal
EDELWEISSEVP287.25
227F. Allerkamp
BOSCH+Ex Jt. MD286.2181.30
228Zubair Ahmed
GSK CONS HEALTHCARE
MD285.42
229M.M. Mustapha
 ATLAS COPCOEx-MD283.11
230Shashi Kiran Shetty
 ALLCARGO GLOBAL+CMD282.05200.00
231Manfred Duernholz
BOSCH+Jt. MD281.0586.15
232R.C. Mansukhani
MAN INDChairman277.57
233G. Venkatesh Babu
LANCO INFRATECHMD277.50
234Nikhil Danani
BHARAT BIJLEEVice CMD276.77137.92
235Nakul Mehta
BHARAT BIJLEEVice CMD276.45137.92
236G. Bhaskara Rao
LANCO INFRATECHExec. VC275.00
237L. Madhusudhan Rao
LANCO INFRATECHExec. Chairman275.00
238B. Anantharaman
MAX INDIA Jt. MD272.75
239Adi Godrej
GODREJ CONSUMERChairman272.02
240Sanjay Kapoor
BHARTI AIRTELPFO (West Hub)270.87
241Jens Hartmann
BAYER CROPSCIENCECountry Head270.78
242J.C. Sharma
SOBHA DEVELOPERSMD270.56220.00
243Pia Singh
DLF WTD269.48100.00
244Ekta Kapoor
BALAJI TELEFILMSCreative Dir269.31137.00
245Murali Sivaraman
PHILIPS ELECTRONICS+VC & MD268.47
246K.S. Patel
VOLTAMP TRANFORMERS
MD & CEO268.13176.80
247Arjun Oberoi
EIH Div Jt. MD 266.06109.57
248Atul Kirloskar
KIRLOSKAR OIL ENGINES
CMD264.8875.00
249V.L. Dutt
KCP CMD263.13246.06
250V.L. Indira Dutt
KCP Jt. MD263.13246.10
251Punit Goenka
ZEE ENTERTAINMENTWTD & CEO262.67
252Jantia Catharina van de Vreede
BHARTI AIRTELDiv Dir 262.53
253Atul Bindal
BHARTI AIRTELDiv Pres 261.65
254A.K. Ravi Nedungadi
UNITED SPIRITS Pres & CFO 261.26
255Indrajit Banerjee
CAIRNED & CFO261.23
256Rishi Agarwal
 ABG SHIPYARDChairman261.15
257Ashok Kumar Goel
ESSEL PROPACK+Vice CMD261.04
258Rakesh Sharma
BAJAJ AUTODiv CEO 259.16
259T.V. Mohandas Pai
INFOSYSDiv Dir & Head 258.93
260Gracias Saldhana
GLENMARK PHARMAChairman258.82258.52
261P.B. Kulkarni
 AMBUJA CEMENTSWTD258.77
262Ajit Jain
JAIN IRRIGATIONJt. MD258.76137.68
263Raghupati Singhania
JK TYRESVice CMD258.22
264P.N.C. Menon
SOBHA DEVELOPERSChairman258.18
265Kaikobad Mistry
BAYER CROPSCIENCEWTD255.72
266Inder Walia
BHARTI AIRTELGroup Dir255.52
267Venkat Ramaswamy
EDELWEISSED255.24
268Lawrence Smyth
CAIRNWTD255.15
269T.V. Sandeep Kumar Reddy
GAYATRI PROJ MD255.00
270Vikram Oberoi
EIH Div Jt. MD 254.97109.57
271Murli Ranganathan
TORRENT POWERWTD253.6440.00
272Vaidyanath Krishnamoorthy
ITCED253.60
273P.K. Iyer
DECCAN CHRONICLEMD252.95
274T. Venkattram Reddy
DECCAN CHRONICLEChairman252.37
275Adarsh Hegde
 ALLCARGO GLOBAL+ED252.20200.00
276Homi R. Khushrokhan
TATA CHEMICALSEx-MD252.05
277Sanjiv Bajaj ±
BAJAJ GROUPMD251.85162.00
278T. Vinayak Ravi Reddy
DECCAN CHRONICLEVC251.72
279Yudisthir Khatau
VARUN SHIPPINGVice CMD251.4781.00
280Rajiv Lal
IDFCMD & CEO250.48
281Ajay Munot
KALPATARU POWERED249.65120.65
282Satish Khanna
LUPINDiv Group Pres249.51
283P.T. Siganporia
TATA TEAMD248.50100.00
284Hari Shankar Singhania
JK PAPERChairman247.1362.96
285Shobha Kapoor
BALAJI TELEFILMSMD247.12137.00
286Sunil Goel
OMAXEJt. MD246.60
287Nilesh Gupta
LUPINED246.50
288Umesh Shetty
 ALLCARGO GLOBAL+Div CEO 246.48200.00
289Vikram Shroff
UNITED PHOSPHORUS ED245.11
290Robert Douglas Stanton
BAYER CROPSCIENCEDiv Head 244.21
291K.L. Patel
VOLTAMP TRANFORMERS
Vice CMD243.15176.80
292Praful A. Shah
GARDEN SILKSCMD242.50175.00
293Umang Kejriwal
ELECTROSTEEL CASTINGS
MD242.00200.00
294M. Dziki
MERCKMD241.1035.86
295R. Sarabeswar
CON.CONST.CONSORTIUM
Chairman & CEO240.81140.90
296Ravi Jhunjhunwala
HEG CMD240.72163.11
297G.K. Agarwal
BHARAT FORGEDy. MD240.65
298Rajinder Gupta
 ABHISHEK INDMD240.00
299P.R. Menon
TATA POWERMD239.82
300Mayank Kejriwal
ELECTROSTEEL CASTINGS
Jt. MD239.11200.00
N
72
NN

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