Research info: CEOs annual incomes up to an average of Rs.20 Crores
Posted on: 10/Aug/2016 10:07:07 AM
The annual salaries of CEOs (Chief Executive Officers) of listed blue chip companies have increased and is Rs. 20 Crores on average.
Two years ago, this corresponding figure was Rs. 10 Crores. Though it was Rs. 10 Crores in 2015, the figures were much less in the previous years. Though salary levels were up in the private sector, comparatively, the annual income of the CEOs in the public sector is Rs. 25 Lakhs to Rs. 30 Lakhs.
This research is based on the reports submitted by the major companies in India for the year 2015-16. These companies are listed in the stock market. An average bonus of Rs. 19 Crores has also been paid.
The figures of income are based on the salary, commission, allowances, other perks and the number of shares given to the CEOs in this period. The major companies have reported all other perks given to their CEOs. Apart from the CEOs, other personnel in senior positions like Managing Directors have also been given the increased income as above.
The research is based on the reports from 20 companies out of 24 listed in Sensex. 4 Companies have not released their reports so far. The data from 6 public sector companies were not available.However, it may be noted that SBI Head Ms. Arundhathi Bhattacharya has an annual income of Rs. 31.10 Lakhs.
Among the private companies listed in Sensex, L&T Head A.M Naik has earned an annual salary of Rs. 66.14 Crores. Further, he earns Rs. 39 Crores more as other allowances and perks.
Infosys Head Vishal Sikka earned Rs. 48.73 Crores. Desh Bandhu Gupta, Lupin Pharma Head, has an annual salary of Rs. 44.80 Crores.
In general, the perks and allowances of Bank heads have come down. The annual salary of the Axis Bank Head, Shika Sharma is Rs. 5.5 Crores. The annual salary of Chanda Kochar, ICICI Bank Head, is 6.60 Croes. The annual salary of HDFC Bank Head Aditya Puri is Rs. 9.70 Crores.
HDFC Head Deepak Parekh has earned an annual salary of Rs. 1.89 Crores. However, the President and CEO Keki Mistry has earned an annual salary of Rs. 9.30 Crores. Managing Director Renu Sood Karnad has earned an annual salary of Rs. 8.50 Crores.
The annual income figures of CEOs of Sun Pharma, Maruti, Hero Moto Corp and CIPLA were not available.
