In general India is known to pay well to its CEOs. According to the Times Of India report in the year 2012, Indians had taken over their global peers in terms of pay where the average salaries of CEOs below the age of 50 stood something around 7.9 crore as opposed to 7.8 crore of Europeans and 7.3 crores of Americans?.
The discussion about CEOs, however, would not be complete without mentioning the names like Ratan Tata, Mukesh Ambani and Anil Ambani having inspired millions of young minds to follow their footsteps in consolidating India’s presence among the global entrepreneurial arena. Then the likes of Naveen Jindal, Sunil Mittal and KM Birla took over the responsibility of ably shaping the future of our country with their brilliant bent of minds. Now, people like Sanket Akerkar (MD, Microsoft India), Francisco D’Souza (CEO of Cognizant), Abhijit Avasthi (National Creative Director at O & M India), Arijit Ghosh (Honeywell India) — all in their late thirties or early forties have emerged as some of the most powerful names in the corporate world.
Owing to the scarcity of information regarding salary details of most of the CEOs in their late 30s, the age group on which the list of “Highest Paid Youngest CEOs” primarily focuses on the age group 42-48 years.
Nestle India at present has over 5000 employees boasting of an annual turnover of INR 2500- INR 5000 crores.
, 42, Managing Director and Chairman of Jindal Steel and Power Limited had made headlines last year (fiscal 2011-2012) raking in the highest salaries as a CEO. He pocketed something around INR 73.42 crore that year, which was a substantial rise from his earnings (by INR 6 crore) in the previous fiscal 2010-2011. This young and dynamic individual stood at the top among the best paid CEOs of India in several lists.
, Executive Director of Sun TV Network who is in the age group of 40 drew around INR 57 crore in 2011-2012, even after experiencing a salary dip in 2011-12. According to an article published in The Economic Times in the month of November 2012, she was the highest paid woman CEO of India as per Fortune Magazine.
Kumar Mangalam Birla
Chairman of the Birla Group (approximate size of 35 billion), 44, can be easily counted among the most inspiring young CEOs of India. In the year 2012 his yearly package stood at INR 38 crore 11 lakh per year. At the age of 43 the Birla head occupied the 3rd position in India Inc’s list of most powerful CEOs of 2012.
48, Managing Director of Amara Raja Group emerged as one of the top 15 highest paid CEOs of India with an annual average salary range of INR 151000000 per year.
CEO of HCL Infosystems, listed as one of the hottest young CEOs by businesstoday had been reportedly approved of a package of something around INR 10 lakh per month along with HRA of INR 4.8 lakhs per month and other benefits worth INR 60 lakhs per year.
, MD of Cognizant, around 43 years of age now was hailed as the top paid IT boss in the year 2010. He pocketed something around INR 6.14 crore then which included a base salary worth INR 2.44 crore and a cash bonus of Rs 3.7 crore as per reports in economictimes.indiatimes.com.
Looking at how the young CEOs are raring to make a mark among the veterans, their contribution should continue to be rewarded by good pay packets.