India as a country is known for offering impressive pay packets to its CEOs. However there are some big names in the industry whose pay packets are not as impressive as that of their other counterparts in India. This is one of the primary reasons why names of biggies like Chanda Kochhar, Anil Ambani, Aditya Puri are included in the list of “Lowest Paid CEOs in India”. For instance, whereas when some of the high paying CEOs like, Jindal Steel supremo, Naveen Jindal, Sun TV Network’s Kaveri Maran, Murali K Divi (Chairman of Divi Lab) and Mukesh Ambani earned something around INR 73.42 crore, INR 57 crore, INR 23.15 crore and INR 15 crore respectively, last year, Aditya Puri (MD of HDFC Bank) had to settle for much lesser salaries (details of which are listed below) around the same time.
Anil Ambani: Anil Ambani tops the list because of reports of his huge pay cut in recent times. His accumulated salary as the chairman of Reliance Power, Reliance Communications, Reliance Capital and Reliance Infrastructure was something around INR 17 crore in the fiscal year 2010-2011. However in the year 2011-2012 he did not accept any commission from three of these concerns Reliance Power, Reliance Communications and Reliance Infrastructure, reportedly, as part of his austerity measure. His reduced pay stood at INR 5.5 crore per year at the end of the year.
Aditya Puri:HDFC Bank’s Managing Director is entitled to the salaries worth INR 4.90 crore per year (2011-2012) even after a considerable hike of 25% than the previous year, now for the financial year 2013-14 his salary is INR 50,200,000 year
Chanda Kochhar took something around INR 4.25 crore in the year 2011-2012. Touted as one of the most powerful CEOs in India, heading its largest private bank ICICI, Kochhar earned this salary even after a good pay hike of around 33 per cent last year. As CEO of ICICI bank for the Financial year 2013-14 she is paid INR 51,221,250 per year
Shikha Sharma: The managing director of Axis Bank hit headlines recently for being one of the three private bank CEOs receiving a handsome pay hike. In spite of the hike her pay package stood at a mere INR 2.53 crore, excluding benefits like superannuation fund, retirement benefits, Provident Fund etc.
Shinzo Nakanishi: Maruti Suzuki India’s Managing Director and CEO is one of the lowest paid officers in the private sector with a reported INR 2.8 crore as pay packet in the fiscal that ended in 31st March 2012.It was earlier reported wrongly that Nakanishi earned something around INR 28.14 crores.
Related Salary Article
Financial head of the company, CFO’s salary details