Salary of Top 10 CEOs in India

Ashwini Ashwini Anik Banerjee Anik Banerjee
Dec 1, 2021 15 min read
Salary of Top 10 CEOs in India

India’s top executives earn hefty paychecks for being at the forefront of large conglomerates. Almost all of them earn exponentially greater than the employee median salary. Here’s a look at the salaries of some of the top chief operating officers in the Indian industry.

We have also covered the list of Famous Entrepreneurs India 2019, Startups in Gurgaon, Bangalore, Kolkata, Pune, Delhi, etc.

Top CEOs in India
Natarajan Chandrasekaran
Pawan Munjal
Salil S Parekh
Gopal Vittal
C P Gurnani
Aditya Puri
Naveen Jindal
Om Prakash Manchanda
Anil Manibhai Naik
Vivek Gambhir
Mohit Gujral
Parag Agrawal
Conclusion
FAQs

Top Indian CEOs and their salary

Top CEOs in India

Listed below are some of the Top CEO salary in India.

Natarajan Chandrasekaran

Salary: INR 65.52 Crore (FY 2019)
Company: TATA Group

salary of Natarajan Chandrasekaran
Natarajan Chandrasekaran - CEO, Tata Group | Top CEO salary in India

Even though he’s a former CEO, his name has to be on this list in order to demonstrate what a true Chief X Officer is! Voted as the ‘Best CEO’ for five consecutive years by the Institutional Investor’s Annual All-Asia Executive Team rankings, ‘Best CEO’ for the second consecutive year in 2014 by Business Today. N. Chandrasekaran, the current chairman of the TATA group was the CEO of Tata Consultancy Services, in addition to being the Chairman of Tata Motors and Tata Global Beverages.

The first Non-Parsi to head the TATA group, he’s credited for making TCS reach a market capitalization of more than $70 billion. The company has also achieved the distinction of becoming the largest private-sector employer in India under his guidance. Chandrasekaran is an avid marathon runner, having competed in marathons across the globe. The salary of Natarajan Chandrasekaran is 30.1 crore.


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Pawan Munjal

Salary: INR 85.59 crore (FY 2020)
Company: Hero Motocorp

Pawan Munjal Salary
Pawan Munjal - CEO, Hero Motocorp

The CEO of Hero Motocorp, the alumnus NIT, Kurukshetra alumnus has been ranked among the ‘40 most powerful Indians of 2017’ according to India Today. Pawan has been instrumental in transforming Hero Honda to Hero Motocorp, as we know it today. Pawan Munjal's salary is reported to be Rs 85.59 crore in the previous fiscal.


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Salil S Parekh

Salary: INR 49.68 crore (FY21)
Company : Infosys

Salary of CEOs in India
Salil S Parekh

Salil S Parekh is the CEO of a $10-billion IT firm. Parekh was a member of the group executive board at Capgemini. Salil has done graduation from the Indian Institute of Technology, Bombay (IIT Bombay) in Aeronautical Engineering, and done a Master of Engineering degree in Computer Science and Mechanical Engineering from Cornell University. He is quite a sought-after ‘turnaround manager’. Parekh has seen through successful acquisitions and strong business turnarounds in the past. The salary of Salil Parekh is Rs 49.68 crore.

Gopal Vittal

Salary: INR 25.41 crore (FY 2021)
Company: Airtel

Gopal Vittal Salary
Gopal Vittal

The current CEO of Airtel has been in and out of the telecom conglomerate several times. His first stint lasted two years (2006-2008) and rejoined Airtel in early 2012. On 1st March 2013, he became the CEO. The man is an IIM Calcutta alumni and was pivotal in some of the achievements of Hindustan Unilever Limited (HUL), especially ‘Project Bharat’. Gopal Vittal's salary is recorded at Rs 25.41 crore.


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C P Gurnani

Salary: INR 22 crore (FY 2021)
Company: Tech Mahindra

CP Gurnani Salary
C P Gurnani

The MD and CEO of Tech Mahindra spearheaded the aggregation of Mahindra Satyam with Tech Mahindra. He was also the Nasscom chairman for one year in 2016. C P Gurnani has been a part of many big shots such as HCL Corporation and Petrot Systems. He was the E&Y ‘Entrepreneur of the Year’, and CNBC Asia’s ‘India Business Leader of the Year’ in 2013. C P Gurnani's earnings were recorded around Rs 165 crore on occasions more than one.


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Aditya Puri

Salary: INR 13.8 Crore (FY 2020)
Company: HDFC Bank

Salary of CEOs in India
Aditya Puri

With over 40 years of experience in the banking industry, the ex CEO of HDFC bank was the only Indian to appear in Fortune’s 2016 ‘Business person of the year’ list. Aditya Puri is the longest-serving head of any Indian private bank, having joined HDFC Bank as MD in 1994. He served as CEO till Cctober 2020, when he retired with a compensation of Rs 13.8 crore, which includes retirement benefits of around Rs 3.38 crore. He is the highest-paid Indian banker! The salary of Aditya Puri ranged around Rs 10 crore.


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Salary: INR 144 crore+ (2021)
Company: Jindal Group

Salary of CEOs in India
Naveen Jindal

An industrial and MP in the 14th and 15th Lok Sabha, Naveen Jinda is the CEO of the Jindal group. The youngest son of late Shri Om Prakash Jindal has been so influential that his support to his alma mater, UT Dallas, resulted in the university renaming its management school to Naveen Jindal School of Management in 2011. Naveen is active in shooting, having captained the Indian Shooting Team to a silver medal in South Asian Federation Games, 2004. He has taken Jindal Steel and Power Limited to new heights, with many power plants being set up under his leadership. The salary of Naveen Jindal was last reported to be over Rs 144 crore.

Om Prakash Manchanda

Salary: INR 33.20 crore (FY 2018)
Company: Dr. Lal PathLabs Pvt. Ltd

OM Manchanda Salary
Om Prakash Manchanda

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Anil Manibhai Naik

Salary: INR 137 Crore (FY 2018)
Company:  Larsen & Toubro Limited

AM Naik Salary
Anil Manibhai Naik

A M Naik is the former CEO and current group executive chairman of Larsen & Toubro Limited. He started as a junior engineer with the conglomerate in 1965, rose up the ranks becoming the CEO in 1999.  He was then appointed as the chairman in 2003. The pioneer has been the former chairman of IIM, Ahmedabad, Honorary Consul General for Denmark, and a recipient of Padma Bhushan and A M Naik's salary was last reported to be Rs 137 crore.


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Vivek Gambhir

Salary: INR 20 crore (FY 2019)
Company: Godrej Consumer Products Ltd (GCPL)

Vivek Gambhir Salary
Vivek Gambhir

Vivek Gambhir is the CEO and MD of Godrej Consumer Products Ltd (GCPL) since May, 2017. He spearheaded GCPL’s famous 3 by 3 strategy. Apart from this, Vivek is a founding member of  Bain’s consulting operations in India. He is a Harvard MBA and is the president of the Harvard Business School in India. Vivek is also the Non-Executive Independent Director of Philips India Ltd, a post he has held since 28 March, 2014. Vivek Gambhir's salary is Rs 20 crore.


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Mohit Gujral

Salary: INR 15.20 Crore (FY 2021)
Company: DLF Limited

DLF CEO Salary
Mohit Gujral

An architect by background, Mohit Gujral is the Co-CEO of DLF Limited since August 2015. He is the man behind architectural marvels such as DLF Emporio, DLF Promenade, and Cyber Greens at Gurgaon. With more than 25 years of experience under his belt, Mohit is counted among India’s finest architects and an entrepreneur by passion. Mohit Gujral DLF CEO's salary has been reported to be Rs 15.20 crore.

Parag Agrawal

Salary: INR 7.49 Crore (FY 2021)

Company: Twitter

Parag Agrawal

With a love of Mathematics, cars and computers, Parag Agrawal joins the top CEOs club that shares an Indian origin. Agrawal was recenty promoted to the position of the CEO of Twitter on November 29, 2021, replacing Jack Dorsey, who stepped down. Parag Agrawal is an alumnus of IIT Bombay and Stanford University. His salary is currently reported to be Rs 7.49 crore in 2021.


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Mukesh Ambani

Salary: INR 15 Crore (FY 2020)

Company: Reliance Industries

One of the richest people in India and also the world, Mukesh Ambani is the CEO of one of India's most valuable companies Reliance Industries. From a small but a fast going industry to one of the Fortune global 500 companies, Ambani has contributed on this journey of Reliance a lot. Currently, his salary is said to be INR 15 Crore and it has been the same for 12 years.

Kalanithi Maran

Salary: INR 87.50 Crore (FY 2019)

Company: Sun Group

Kalanithi Maran founded Sun Group in the year 1993, a media conglomerate company, the headquarters are in Chennai, India. The organization consists of 48 FM Radio stations two newspapers, five magazines, one DTH satellite service, and an IPL franchise. Kalanithi Maran with his contribution has made Sun Group a successful company that deals with media and now is one of the highest-paid CEO of a company in India.

S N Subrahmanyan

Salary: INR 27.17 Crore (FY 2020)

Company: L&T

Sekharipuram Narayanan Sybrahmanyan has been serving as the CEO of Larsen & Toubro since 2017. L&T is an Indian multinational conglomerate that deals with engineering, manufacturing, construction, technology, and financial services, and its headquarters is situated in Mumbai. Subrahmanyan was appointed as L&T director in 2011. Now, he is the current CEO and is said to be receiving the salary of INR 27.17 Crore  per annum,

Rajesh Gopinathan

Salary: INR 20.36 Crore (FY 2021)

Company: TCS

Rajesh Gopinathan is said to be one of the youngest CEO of Tata Group. The man is serving as the Managing Director and CEO of Tata Consultancy Services since 2017. Graduated from IIM Ahmedabad, the man is managing one of the leading IT sectors in the world with his mettle. Rajesh Gopinathan is said to receive INR 20.36 Crore as his salary.

Rajiv Bajaj

Salary: INR 39.86 Crore (FY 2020)

Company: Bajaj Auto

Rajiv Bajaj took the position of CEO of theBajaj Auto in 2005 and since then he has been the managing director. He makes the company one of the strongest ones in the country by his leadership and since then it has never looked back. He changed the two-wheeler industry of India by introducing the Pulsar range of motorcycles. In 2017, he ranked 42nd position by India Today in their list of India's 50 Most Powerful People. In 2020, he is said to receive INR 39.86 Crore as his salary.

Sanjiv Bajaj

Salary: INR 28 Crore (FY 2020)

Company: Bajaj Finserv

Sanjiv Bajaj took it on himself to make the Bajaj Finserv one of the best and he didi. The Harvard Business School Graduate took the charge of the CEO of the company since 2008. He also got place in list of India Today's Top 50 Power People in 2019. Currenctly Sanjiv Bajaj's salary is INR 28 Crore.

Sanjiv Puri

Salary: INR 11.95 Crore (FY 2021)

Company: ITC Limited

ITC Limited is an India conglomerate company that specialises on Hotels, infotech, agribusiness and FMCG and Sanjiv Puri has taken the charge of being the CEO of ITC Limited in 2015 and has been working as the same. An alumni of IIT Kanpur Sanjiv Puri joined ITC in 1986, currently his salary INR 11.95 Crore.

Karan Adani

Salary: INR 1.5 Crore (FY 2016)

Company: APSEZ

At a very young age of 29, Karan Adani became the CEO of Adani Ports and SEZ Limited (APSEZ). An Economics Graduate from Purdue University Karan Adani took the position in 2016. In 2016 only, Karan Adani was approved of an annual salary of  INR 1.5 Crore.

Ajay Srinivasan

Salary: INR 28.22 Crore (FY 2021)

Company: Aditya Birla Capital

Ajay Srinivasan is the CEO of Aditya Birla Group, he joined the company in 2007. Prior to that he was also the chief executive fund management at Prudential Corporation Asia. The graduate from IIM Ahmedabad immediately become the CEO after his joining and since then has been working  continuously to lead the company to the top. Currently his salary is INR 28.22 Crore.

Varun Berry

Salary: INR 9.7 Crore (FY 2021)

Company: Britannia Industries

Varun Berry become the CEO of Britannia, a name that is common in almost every Indian household in 2014. He joined Britannia in 2013, with a 27 years of work experience from some of the greatest companies both nationally and internationally. Currently Varun Berry has been doing a fine job by being the managing director of Britannia and gets a salary of INR 9.7 Crore.

C Vijayakumar

Salary: INR 30.60 Crore (FY 2021)

Company: HCL Technologies

C Vijayakumar joined  the global technology company, HCL Tech in 1994 and become the CEO after over two decades in 2016 and started working on taking the company to soaring heights. Not only that he is the Chairman of World Economics Forum's IT Governor's Community. He is also serving as a board member of US-India Business Council. His currents salary is INR 30.60 Crores.

C.K. Venkataraman

Salary: INR 4.2 Crore (FY 2021)

Company: Titan

C. K. Venkataraman is the CEO and Managing Director of the Indian Luxury product brand that consist of different types of accessories that includes watches and eyewears. The Graduate from IIM Ahmedabad took his position in 2019 and since then has been vigorously working to fulfill his responsibilities. Currently, his salary is INR 4.2 Crore.

T. V. Narendran

Salary: INR 15.58 Crore (FY 2021)

Company: Tata Steel

T. V. Narendran is the CEO of Tata Steel, on eof the world's largest steel producer. He took the charge in the year 2017 and has done his MBA from IIM Calcutta. The steel making company is situated in Jamshedpur, India, although its headquarters is situated in Mumbai, India. Currently he recieving a salary of INR 15.58 Crore.

Dilip Shanghvi

Salary: INR 2.79 Crore (FY 2018)

Company: Sun Pharma

Dilip Shangvi is an Indian businessman and is also considered to be one of India's richest person, he is the founder and the current CEO of Sun Pharmaceuticals. Not only that, in 2017 he was raked 8th by India Today magazine on India's Most Powerful People on 2017. He haa contributed in the pharmaceutical industry immensely and also the Government of India honoured him with Padma Shri in 2016.

Saugata Gupta

Salary: INR 16.5 Crore (FY 2017)

Company: Marico Limited

Marico Limited is a multinational consumer goods company from India and Saugata Gupta has been serving as the CEO of the company since 2013 although he joined the company in 2004 as the Head of Marketing. He is one of the prime face that is responsible for the company's success both in India and Internationally. As of 2017 he is said to be recieving the salary of INR 16.5 Crore.

Mohit Malhotra

Salary: INR 6.61 Crore (FY 2020)

Company: Dabur

This Indian multinational consumer goods company is a famous brand that is known and used by the people of the country for a very long time and it is also said to be the largest FMCG company in India. Mohit Malhotra took the charge of CEO in 2019 and is working tirelessly to bring the company on the peak of success since then. Currenty, he receives INR 6.61 Croew as his salary.

Acharya Balkrishna

Salary: INR 60.8 Crore (FY 2021)

Company: Patanjali

Achharya Balkrishna founded the company Patanjali in 2006 along with Ramdev. Patanjali is a multinational consumer goods company and Balkrishna ids the CEO of the company right now. Not only that, he is also considered as the third-youngest billionaire by Forbes India in 2020. Cuyrrently he is recieving the salary of INR 60.8 Crore.

Prakash Sahu

Salary: INR 2.46 Crore (FY 2021)

Company: Hindustan Motors

Prakash Sahu was appointed as the Chief executive Officer (CEO) of Hindustan Motors, an Indian automotive manufacturer in the year 2021 and has been giving his 100% to take the company to the top. As of now, he is recieving the salary of INR 2.46 Crore.

Vipin Sondhi

Salary: INR 10.7 Crore (FY 2021)

Company: Ashok Leyland

Vipin Sondhi becomes the CEO of Ashok Leyland in 2019. This company is an Indian multinational automotive manufacturer. It is also said to be the second-largest commercial vehicles manufacturer in India. The Alumni of IIM Ahmedabad is said to be recieving the salary of INR 10.7 Crore as of now.

Conclusion

This was our list of the highest-paid salary of CEOs in India who joined their respective companies and made a difference to the companies and their own lives, thereby standing as an inspirational figure for all the budding entrepreneurs, students, business professionals and individuals. Feel free to share your feedbacks or add anything that we might have missed!  

FAQs

Who is CEO?

A chief executive officer (CEO), or just chief executive (CE), is the most senior corporate, executive, or administrative officer in charge of managing an organization – especially an independent legal entity such as a company or nonprofit institution.

Who reports to the CEO?

Chief Executive Officer (CEO): As the top manager, the CEO is typically responsible for the corporation's entire operations and reports directly to the chairman and the board of directors.

How much salary of a CEO in India?

An early career Chief Executive Officer (CEO) with 1-4 years of experience earns an average total compensation of ₹983,641 based on 195 salaries. A mid-career Chief Executive Officer (CEO) with 5-9 years of experience earns an average total compensation of ₹1,437,731 based on 143 salaries.

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