In today’s corporate landscape, the Indian CEO Salary continue to rise to astonishing heights, often leaving the average worker’s earnings in stark contrast. While some may argue that high compensation attracts top talent, the extreme pay packets of these executives have been under intense scrutiny. Earning millions annually, these leaders pocket more than many individuals can dream of making in a lifetime. This article aims to present concrete data that highlights the exorbitant earnings of 18 prominent CEOs, illustrating how their salaries are not just staggering figures, but also representations of disparity and excess in corporate governance.
Complete data source is as the end.
1. Phaneesh Murthy, iGate (Former CEO) – CEO Salary
Phaneesh Murthy, the former CEO of iGate, stands out with a daily earning of ₹5 Lakhs (approximately $6,000). This means he earns around ₹23,000 every hour. Given this exorbitant rate, one could expect him to afford multiple luxury items, including two Rolls-Royce Ghost cars annually. This data brings attention to the financial disparities in the corporate world, sourced from Business Standard, highlighting the need for discussion on appropriate compensation for leadership.
2. N.S. Parthasarathy, Mindtree – CEO Salaries
N.S. Parthasarathy, currently steering Mindtree, reaps a daily income of ₹7 Lakhs (about $8,500) and earns about ₹28,000 per hour. His staggering salary allows him to indulge extravagantly without financial concern, acquiring two Rolls-Royce Ghost cars each year. This information from Livemint further exemplifies the extremes of CEO compensations in the tech industry.
3. Sanjay Jalona, L&T Infotech – Corporate Compensation
Sanjay Jalona commands a remarkable ₹8 Lakhs every day, translating to an impressive ₹31,000 per hour. His annual earnings not just allow for exorbitant spending, but would also enable him to purchase three Rolls-Royce Ghost cars per year. The numbers collected from the Economic Times signify the growing concerns regarding how much executives are rewarded.
4. Debashis Chatterjee, L&T Infotech – Income Disparity
Debashis Chatterjee enjoys a daily salary of ₹8 Lakhs and approximately ₹33,000 per hour. With such compensation, it’s no surprise he can afford three Rolls-Royce Ghost cars annually. This data from Livemint emphasizes the imbalance in remuneration, particularly when compared to regular worker earnings.
5. Ravi Kumar S., Cognizant (Former President)
Ravi Kumar’s daily paycheck of ₹8 Lakhs equates to around ₹35,000 an hour, further enabling him to enjoy a luxurious life, purchasing three Rolls-Royce Ghost cars every year. Information from Business Today reveals the troubling reality of how high salaries for CEOs perpetuate economic disparities.
6. Vijayakumar, HCL Technologies – Executive Pay Transparency
Vijayakumar draws a hefty ₹9 Lakhs daily, approximately ₹36,000 every hour. This income allows for an extravagant lifestyle, easily affording three Rolls-Royce Ghost cars yearly. Economic Times provides this data, showcasing the growing concerns around what we prioritize in corporate compensation.
7. Abidali Neemuchwala, Wipro (Former CEO)
With a daily salary of ₹10 Lakhs, Abidali Neemuchwala’s hourly rate stands at ₹41,000. His income allows him to possess four Rolls-Royce Ghost cars per year. The analysis sourced from Economic Times prompts reflection on the disconnect between the earnings of top executives and the average worker.
8. Vishal Sikka, Infosys (Former CEO)
Vishal Sikka earns ₹10 Lakhs daily, equating to around ₹43,000 per hour. His salary affords him four Rolls-Royce Ghost cars annually, illustrating a stark contrast to normal salaries. Livemint highlights these figures, further igniting debate about CEO pay.
9. Rostow Ravanan, Mindtree
Rostow Ravanan’s daily earnings are ₹11 Lakhs, approximately ₹45,000 per hour. This enables him to buy four Rolls-Royce Ghost cars each year. As reported in the Economic Times, these figures reveal the immense discrepancy in what CEOs earn versus typical employee wages.
10. Sanjiv Mehta, Hindustan Unilever
Sanjiv Mehta brings home ₹11 Lakhs daily, around ₹48,000 hourly, translating to a lifestyle that includes the option of four Rolls-Royce Ghost cars annually. This data from Livemint illustrates the discomfort surrounding such high compensation in contrast to average workers.
11. Kumar Mangalam Birla, Aditya Birla Group
Kumar Mangalam Birla’s daily income of ₹13 Lakhs results in an hourly rate of ₹53,000. This allows him a lavish lifestyle that includes five Rolls-Royce Ghost cars per year. The Economic Times provides this data, aiming to spark conversations about the values reflected in such compensation.
12. N. Chandrasekaran, Tata Sons
N. Chandrasekaran enjoys a remarkable ₹14 Lakhs daily, translating to about ₹58,000 per hour. With earnings like these, owning five Rolls-Royce Ghost cars yearly is feasible. This staggering salary, sourced from Livemint, raises questions regarding corporate responsibility.
13. Kalanithi Maran, Sun Group
At ₹16 Lakhs per day, Kalanithi Maran earns around ₹65,000 per hour, making the prospect of owning six Rolls-Royce Ghost cars per year a reality. Business Standard provides these figures, inviting scrutiny on executive remuneration models.
14. Rishad Premji, Wipro
Rishad Premji draws a daily salary of ₹16 Lakhs equating to a grand ₹66,000 per hour. Such earnings allow the possibility of acquiring six Rolls-Royce Ghost cars annually. Business Today supplies this data, showcasing a trend seen across many industries.
15. V. Vaidyanathan, IDFC First Bank
Daily, V. Vaidyanathan earns ₹17 Lakhs, which translates to ₹73,000 per hour. His compensation could make room for the purchase of six Rolls-Royce Ghost cars per year, as reported by Business Today, which underscores the staggering gap between executive pay and that of ordinary employees.
16. Salil Parekh, Infosys
Salil Parekh earns a staggering ₹19 Lakhs every day, approximately ₹78,000 hourly. This massive salary gives him the ability to acquire seven Rolls-Royce Ghost cars each year. According to Livemint, these numbers reflect the growing pay disparity in the business world.
17. Rajesh Gopinathan, Tata Consultancy Services
Daily, Rajesh Gopinathan has an income of ₹19 Lakhs, netting him about ₹80,000 per hour. His levels of compensation allow for seven Rolls-Royce Ghost cars annually, as noted by Business Standard, emphasizing the need for a reevaluation of CEO salaries.
18. S.N. Subrahmanyan, Larsen & Toubro
S.N. Subrahmanyan rounds out this list with a daily earning of ₹20 Lakhs, or ₹83,000 per hour. This astonishing figure allows him to purchase seven Rolls-Royce Ghost cars each year. Sourced from the Economic Times, this data completes the picture of excessive CEO pay, demanding a conversation on corporate ethics.
| Name | Company | Age | USD Million | INR Crore | Lakhs per day | Thousnands per Hour | No of Rolls-Royce Ghost Cars per year | Source |
|---|---|---|---|---|---|---|---|---|
| Phaneesh Murthy | iGate (Former CEO) | 59 | 27 | 19.8 | 5 | 23 | 2 | Business Standard |
| N.S. Parthasarathy | Mindtree | 58 | 33 | 24.4 | 7 | 28 | 2 | Livemint |
| Sanjay Jalona | L&T Infotech | 53 | 37 | 27.4 | 8 | 31 | 3 | Economic Times |
| Debashis Chatterjee | L&T Infotech | 52 | 39 | 28.8 | 8 | 33 | 3 | Livemint |
| Ravi Kumar S. | Cognizant (Former President) | 50 | 41 | 30.4 | 8 | 35 | 3 | Business Today |
| Vijayakumar | HCL Technologies | 60 | 43 | 31.8 | 9 | 36 | 3 | Economic Times |
| Abidali Neemuchwala | Wipro (Former CEO) | 52 | 49 | 36.2 | 10 | 41 | 4 | Economic Times |
| Vishal Sikka | Infosys (Former CEO) | 55 | 51 | 37.8 | 10 | 43 | 4 | Livemint |
| Rostow Ravanan | Mindtree | 48 | 53 | 39.6 | 11 | 45 | 4 | Economic Times |
| Sanjiv Mehta | Hindustan Unilever | 60 | 56 | 41.8 | 11 | 48 | 4 | Livemint |
| Kumar Mangalam Birla | Aditya Birla Group | 54 | 62 | 46.2 | 13 | 53 | 5 | Economic Times |
| N. Chandrasekaran | Tata Sons | 59 | 68 | 50.6 | 14 | 58 | 5 | Livemint |
| Kalanithi Maran | Sun Group | 58 | 77 | 57.2 | 16 | 65 | 6 | Business Standard |
| Rishad Premji | Wipro | 44 | 78 | 57.8 | 16 | 66 | 6 | Business Today |
| V. Vaidyanathan | IDFC First Bank | 52 | 86 | 63.8 | 17 | 73 | 6 | Business Today |
| Salil Parekh | Infosys | 57 | 92 | 68.4 | 19 | 78 | 7 | Livemint |
| Rajesh Gopinathan | Tata Consultancy Services | 49 | 95 | 70.5 | 19 | 80 | 7 | Business Standard |
| S.N. Subrahmanyan | Larsen & Toubro | 59 | 98 | 72.8 | 20 | 83 | 7 | Economic Times |
Conclusion
The data presented illustrates a stark reality in corporate governance—the pay of CEOs often far exceeds any reasonable justification. With staggering numbers making it possible to buy luxury cars like the Rolls-Royce Ghost annually, one must question the reasons behind such hefty compensation packages. A salary disparity highlights a need for transparency and a thorough evaluation of executive pay relative to company performance and employee welfare. As corporate practices evolve, it’s crucial for businesses to take a conscientious approach to compensation, striving for fairness and equity in the workplace.
