CEOs In India Earn Rs 10 Crore Annually, But It’s Just A Tenth Of Their US Peers

The salaries of CEOs in India’s top companies have increased up to Rs 10 crore per annum. However, it is still less than one-tenth of the remuneration paid to their peers in the US.

Senior executives of the country’s top blue-chip companies, forming part of the stock market’s 30-share benchmark index Sensex, were paid an average remuneration of Rs 9.9 crore in FY2013-14. It was about Rs 8.5 crore in the last financial year.

In comparison, the average pay of CEOs in the US, for the companies forming part of the US stock market’s 30-share benchmark index, was Rs 105 crore.

The corresponding figures for the UK and Germany were about Rs 60 crore and Rs 50 crore, respectively.

The average pay for the Sensex companies would reduce even further if the figures for the six PSU companies are considered, as their annual packages are much lower, owing to government regulations.

Only four companies showed a decline in their CEO compensation, while the annual package remained unchanged in one case — Reliance Industries’ Mukesh Ambani — at Rs 15 crore.

Among those with higher packages, Hero MotoCorp’s managing director and CEO Pawan Munjal received a total remuneration of Rs 37.9 crore in FY2013-14.
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