CEOs of these companies are ahead of the owners in terms of salary, know who has the highest income

New Delhi. Generally, it is believed that the promoters of any company get the highest salary. But, the Chief Executive Officers (CEOs) of some companies are also not lagging behind in terms of salary. Even the CEO of some companies gets a much higher salary than the promoter or chairman. Let us know which Indian company CEOs get more salary than their promoters.

Guentner Butschek and N Chandrasekaran
Guenter Butschek, Managing Director and CEO of Tata Motors, is the second highest paid non-promoter in the Indian automotive industry. With Rs 19.27 crore, his salary is more than that of N Chandrasekaran. N Chandrashekharan is a non-executive director on the board of the company and he gets a fee of Rs 4.8 lakh for a board meeting or committee meeting. As Chairman of Tata Sons, he attends the board meetings of many Tata Group companies.

Pawan Goenka and Anand Mahindra
Similarly, Mahindra & Mahindra Managing Director Pawan Goenka received Rs 10 crore as salary in the financial year 2020. This is more than Mahindra & Mahindra Chairman Anand Mahindra. Anand Mahindra received a salary of Rs 8.71 crore in the last financial year 2020. The Scorpio of this company is considered to be the contribution of 65 year old Goenka. Scorpio is the most popular SUV of M&M.

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Vinod Dasari and Siddharth Lal
Vinod Dasari is the highest paid non-promoter in Indian automotive companies. Dasari had received a salary of Rs 24.6 crore in the last financial year. Last financial year itself, the former Managing Director of Ashoka Leyland was made the CEO of Royal Enfield. In comparison, the company’s promoter and managing director Siddharth Lal got a salary of only Rs 19.41 crore.

Vipin Sondhi and Dheeraj Hinduja
Vipin Sondhi, former managing director of JCB India, was made the MD and CEO of Ashoka Leyland in December 2019. He got a salary of Rs 2.2 crore for 100 days from December to March. This is more than that of company chairman Dheeraj Hinduja. Hinduja received a salary of Rs 1.16 crore for the entire year in the last financial year. Sondhi was also given 70.1 lakh stock options in FY20.

In the last financial year, there were some promoters who were executives in the company and they were also among the highest paid. The salary of Rajiv Bajaj, Managing Director of Bajaj Auto, increased by 23 percent to Rs 40 crore. Hero Motocorp Chairman and Managing Director Pawan Munjal received Rs 85 crore, which is 5 percent more than its previous financial year.

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kenichi ayukwapa
Maruti Suzuki Managing Director Kenichi Akuwaya received a salary of Rs 4.66 crore in FY 20. It is less as compared to other executives of auto industries. It is worth noting that Maruti Suzuki’s operations are very large compared to other companies. Maruti Suzuki’s total revenue in FY 20 was Rs 7,900 crore, while the company’s net profit was Rs 5,650 crore. In the same year, Eicher Motors had revenue of Rs 9,153 crore and net profit of Rs 1,827 crore. ,This news has been translated from Moneycontrol. Click here to read in English,

Tags: Anand Mahindra, business news in hindi, huge salary

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