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 behind in terms of salary. Even the CEOs of some companies get much more salary than the promoter or chairman. Let us know which company CEOs of India get more salary than their promoters.
Guentner Butschek and N Chandrasekaran
Tata Motors Managing Director and CEO Guenter Butschek is the second highest paid non-promoter in India’s automotive industry. With Rs 19.27 crore, his salary is even higher than that of N Chandrasekharan. N Chandrashekhar is a non-executive director on the company’s board and receives a fee of Rs 4.8 lakh for a board meeting or committee meeting. As the chairman of Tata Sons, he attends board meetings of many Tata Group companies.
Pawan Goenka and Anand Mahindra
Similarly, Pawan Goenka, Managing Director of Mahindra & Mahindra, received a salary of Rs 10 crore in the financial year 2020. This is more than Anand Mahindra, Chairman of Mahindra & 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 gift of 65-year-old Goenka. Scorpio is the most popular SUV of M&M.
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Vinod Dasari and Siddhartha Lal
Vinod Dasari is the highest paid non-promoter in Indian automotive companies. Dasari received a salary of Rs 24.6 crore in the last financial year. Last financial year, 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 received a salary of only Rs 19.41 crore.
Vipin Sondhi and Dheeraj Hinduja
Former Managing Director of JCB India, Vipin Sondhi was appointed MD and CEO of Ashoka Leyland in December 2019. He received a salary of Rs 2.2 crore for 100 days from December to March. This is more than the company’s 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, some promoters who have been executives in the company were also among the highest paid. Rajiv Bajaj, Managing Director of Bajaj Auto, got a salary of 23 percent more at Rs 40 crore. Pawan Munjal, Chairman and Managing Director of Hero Motocorp, got 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 FY20. This is less than other executives in the auto industry. It is worth noting that Maruti Suzuki has much larger operations than other companies. Maruti Suzuki’s total revenue in FY20 was Rs 7,900 crore, while the company’s net profit was Rs 5,650 crore. In the same year, Eicher Motors had a revenue of Rs 9,153 crore and a net profit of Rs 1,827 crore. ,This news has been translated from Moneycontrol. Click here to read in English,
Tags: anand mahindra, huge salary
FIRST PUBLISHED : August 14, 2020, 17:09 IST