executive earnings

The number of senior executivesearning overRs 2 crorehas increasedfrom 116 to228

CMD Reliance IndustriesCMD Madras CementsCMD Sun TVJoint Managing Director Sun TVChairman HindalcoChairman Hero Honda MotorsMD & CEO Hero Honda MotorsCMD Bharti AirtelChairman Dr Reddy's LaboratoriesManaging Director Ambuja CementsVC & MD JSW SteelWhole-time Director Hero Honda MotorsCMD Cadila HealthcareEx VC & MD Jindal Steel & PowerVC & CEO Dr Reddy's LaboratoriesMD & COO Dr Reddy's LaboratoriesCMD Apollo TyresVC & MD IVRCL InfrastructuresManaging Director Chettinand CementVice Chairman DLFCMD CiplaCMD Divi's LaboratoriesExecutive Director Reliance IndustriesExecutive Director Reliance IndustriesCMD WockhardtManaging Director Kalpataru Power TransmissionVC & MD Essel PropackCMD Lakshmi Machine WorksJoint Managing Director CiplaJoint Managing Director CiplaChairman & Chief Executive EIHManaging Director Panacea BiotecExecutive Director Divi's LaboratoriesCEO & MD Ranbaxy LaboratoriesExecutive VC Sterlite IndustriesManaging Director Adani EnterprisesCMD Larsen & ToubroCMD HCCVC & MD Jindal StainlessChairman Lupin Chairman Panacea BiotecCMD Bharat ForgeChairman Adani EnterprisesJoint Managing Director Panacea BiotecJoint Managing Director Panacea BiotecManaging Director Orchid Chemicals CMD Sundram FastenersCMD Vardhman TextilesExecutive Chairman Apollo Hospitals EnterprisesManaging Director Financial TechnologiesVC & MD Ballarpur IndustriesManaging Director Sobha DevelopersVice Chairman EIHEx Vice Chairman Ranbaxy LaboratoriesManaging Director Hindalco

MUKESH AMBANIP R R RAJHAKALANITHI MARANKAVERY KALANITHIKUMAR MANGALAM BIRLABRIJMOHAN LALL MUNJALPAWAN KANT MUNJALSUNIL BHARTI MITTALK ANJI REDDYA C SANGHVI SAJJAN JINDALTAKAO EGUCHIPANKAJ R PATELNAVEEN JINDALG V PRASADSATISH REDDYONKAR S KANWARE SUDHIR REDDYM A M R MUTHIAHRAJIV SINGHY K HAMIEDMURALI K DIVIHITAL R MESWANINIKHIL R MESWANIHABIL KHORAKIWALAK V MANIASHOK KUMAR GOELD JAYAVARTHANAVELUAMAR LULLAM K HAMIEDP R S OBEROIRAVINDER JAINN V RAMANAMALVINDER MOHAN SINGHNAVIN AGARWALRAJESH S ADANIA M NAIKAJIT GULABCHANDRATAN JINDALD B GUPTASOSHIL KUMAR JAINB N KALYANIGAUTAM S ADANIRAJESH JAINSANDEEP JAINRAGHAVENDRA RAO KSURESH KRISHNAS P OSWALPRATHAP C REDDYJIGNESH SHAHGAUTAM THAPARJ C SHARMAS S MUKHERJIBRIAN W TEMPESTD BHATTACHARYA

Gross salary

Rs cr (2007)

30.4624.7823.2623.2617.5315.6215.5414.9614.4014.0413.2512.6112.4011.6310.8710.879.989.858.927.927.887.887.777.777.767.627.607.437.337.336.886.696.646.576.165.945.855.805.615.605.595.515.355.335.325.285.255.235.215.195.185.145.054.974.94

NNaammee DDeessiiggnnaattiioonn CCoommppaannyy

Business Standard DECEMBER 2007

The Billionaire Club TOPEARNERS

Collectively,thetop executives

have takenhome

Rs 1,444crore fromsalaries,

commisionsand

perquisites,up from

Rs 996 crorelast year

Chairman & Wholetime Director Ansal PropertiesCMD RaymondCMD Uflex MD & CEO Hindustan UnileverVice Chairman Ambuja CementsManaging Director DLFManaging Director Indian HotelsManaging Director Sterlite IndustriesCMD NestleChairman & Wholetime Director ITCManaging Director Jyoti StructuresVC & MD Deepak FertilisersWhole-time Director Sterlite IndustriesCEO Zee EntertainmentCMD Alembic Joint Managing Director Mercator LinesAdvisor - Commercial Spaces DLFCMD Mercator LinesChairman Bajaj AutoCMD Ratnamani Metals & TubesCreative Director Balaji TelefilmsMD & CEO Balaji TelefilmsManaging Director Pidilite IndustriesExecutive Director Bharti AirtelMD & CEO Amara Raja BatteriesChairman Nicholas PiramalChairman Taj GVK HotelsManaging Director Bombay DyeingJoint Managing Director Saraswati Indl SyndicateCMD Saraswati Indl SyndicateCMD Elecon EngineeringCMD West Coast PaperExecutive Director Nava Bharat VenturesManaging Director Nava Bharat VenturesManaging Director Aban OffshoreMD & CEO IL&FS InvestsmartCMD WiproChairman Max IndiaDirector Dabur IndiaVC & MD Bayer CropScienceManaging Director Usha MartinWhole-time director & CFO Larsen & ToubroManaging Director Moser BaerDirector Dabur IndiaWhole-time director Larsen & ToubroChairman DLFWhole-time director Larsen & ToubroExecutive Chairman Shree CementManaging Director Shree CementWhole-time Director Lakshmi Machine WorksManaging Director Lupin Managing Director Great Eastern ShippingJoint Managing Director Max IndiaWhole-time Director Lakshmi Machine WorksChairman Sobha Developers

SUSHIL ANSALGAUTAM HARI SINGHANIAASHOK CHATURVEDIDOUGLAS BAILLIENAROTAM SEKHASARIA T C GOYALRAYMOND N BICKSON KULDIP KUMAR KAURAMARTIAL G ROLLANDY C DEVESHWARK R THAKURS C MEHTATARUN JAINPRADEEP GUHACHIRAYU R AMINA J AGARWALA S MINOCHAH K MITTALRAHUL BAJAJPRAKASH M SANGHVIEKTA KAPOORSHOBHA KAPOORM B PAREKHAKHIL GUPTAJAYADEV GALLAAJAY G PIRAMALG V KRISHNA REDDYN KHANNAPURI ADITYAPURI RANJITPRAYASVIN B PATELS K BANGURP TRIVIKARMA PRASADD ASHOKREJI ABRAHAMHEMANG RAJAAZIM H PREMJIANALJIT SINGHSUNIL DUGGALSTEPHAN GERLICHR JHAWARY M DESOTHALEEDEEPAK PURIP D NARANGK VENKATARAMANANK P SINGHR N MUKHIJAB G BANGURH M BANGURSANJAY JAYAVARTHANAVELUKAMAL K SHARMABHARAT K SHETHB ANANTHARAMANVENKATRANGAPPAN RP N C MENON

Gross salary

Rs cr (2007)

4.884.734.614.594.574.564.554.464.374.374.354.264.224.204.153.993.993.993.953.953.923.923.913.903.873.853.783.773.763.763.743.733.723.723.703.633.583.573.573.553.543.533.503.493.483.463.443.413.413.393.373.363.363.343.26


DECEMBER 2007 Business Standard



Managing Director Great OffshoreWhole-time Director Kirloskar Oil EnginesChairman Matrix LaboratoriesCMD Kirloskar Oil EnginesEx Chairman Great Eastern ShippingJoint Managing Director Bharti AirtelCMD KEI IndustriesChairperson Peninsula LandJoint Managing Director Kirloskar Oil EnginesWhole-time director Larsen & ToubroCMD Rolta IndiaChairman Torrent PowerCMD Kirloskar BrothersExecutive Director Kalpataru Power TransmissionCEO & MD HDFCManaging Director Britannia IndustriesExecutive Director Kirloskar BrothersJoint Managing Director Hero Honda MotorsExecutive Director Philips IndiaChairman SRFWhole-time director Larsen & ToubroManaging Director GHCLManaging Director GHCLCMD India GlycolsJoint Managing Director Rico Auto IndustriesMD & CEO iGate Global SolutionsVice Chairman Bajaj AutoManaging Director Taj GVK HotelsCMD Shanthi GearsManaging Director Rico Auto IndustriesChairman & MD Flat ProductsChairman & Additional Director Praj IndustriesVC & MD Varun ShippingManaging Director India GlycolsCEO & MD Castrol IndiaManaging Director Nagarjuna ConstructionsMD & CEO ICICI BankChairman & CEO HCL InfosystemsCEO & MD TCSManaging Director Pantaloon RetailCMD OmaxeManaging Director Asian HotelsManaging Director Asian HotelsCMD Godrej Consumer ProductsWhole-time Director Aditya Birla NuvoWhole-time director Larsen & ToubroWhole-time director Larsen & ToubroWhole-time Director Alembic Whole-time Director Ambuja CementsMD Nahar Spinning MillsWhole-time Director (Admin) JB ChemicalsCMD JB ChemicalsWhole-time Director (Mktg) JB ChemicalsExecutive VC & MD Eveready IndustriesWhole-time Director DLF

VIJAY K SHETHRAHUL C KIRLOSKARN PRASADATUL C KIRLOSKARK M SHETHRAJAN BHARTI MITTALANIL GUPTAURVI A PIRAMALGAUTAM A KULKARNIJ P NAYAKKAMAL K SINGHSUDHIR MEHTASANJAY KIRLOSKARAJAY A MUNOTDEEPAK S PAREKHVINITA BALIVIKRAM KIRLOSKARTOSHIAKI NAKAGAWAS VENKATARAMANIARUN BHARAT RAMM V KOTWALP SAMPATHR S JALANM L BHARTIAARUN KAPURPHANEESH MURTHYMADHUR BAJAJG INDIRA KRISHNA REDDYP SUBRAMANIANARVIND KAPURTILAK RAJ MEHTAPRAMOD CHAUDHARIARUN MEHTAU S BHARTIAN K KSHATRIYAA A V RANGA RAJUK V KAMATHAJAI CHOWDHRYS RAMADORAIKISHORE BIYANIROHTAS GOELSUSHIL GUPTASHIV JATIAADI B GODREJRAKESH JAINV K MAGAPUK V RANGASWAMIMALIKA C AMINA L KAPURDINESH OSWALD B MODYJ B MODYS B MODYD KHAITANPIA SINGH

Gross salary

Rs cr (2007)

3.213.213.193.153.083.073.063.063.053.043.033.033.012.952.942.922.892.882.852.852.832.832.832.802.792.762.752.752.752.742.722.682.682.672.672.652.622.592.582.572.552.542.542.532.532.522.512.492.482.472.462.462.462.452.44


The salarypackage of104 seniorexecutives hasdoubled in the last oneyear; a further82 got payhikes of over50 per cent


VC, MD & CEO Tech MahindraWhole-time Director Ratnamani Metals & TubesManaging Director Tata MotorsManaging Director Abhishek IndsDeputy Managing Director HCCWhole-time Director Ambuja CementsSenior Executive President UltraTech CementChairman Reliance EnergyChairman (Non-Executive) Amara Raja BatteriesWhole-time Director & group president RaymondCMD HEGJoint Managing Director Sundaram ClaytonManaging Director Varun ShippingVice Chairman Deccan Chronicle HoldingsVC & MD Bharat BijleeVC & MD Bharat BijleeChairman Deccan Chronicle HoldingsManaging Director Sanghi IndustriesMD & CEO JK CementManaging Director Jubilant OrganosysCMD Elder PharmaVC & MD ABBExecutive Director Kotak Mahindra BankExecutive Director Tata MotorsWhole-time Director Ambuja CementsJoint Managing Director Usha MartinCMD Andhra SugarsVC & MD M&MManaging Director Torrent PharmaManaging Director Lanxess ABSManaging Director United BreweriesManaging Director Andhra SugarsManaging Director & CEO Maruti UdyogPresident & Whole-time director Satyam ComputerManaging Director Finolex CablesChairman Finolex CablesChairman JBF IndustriesVice Chairman Sobha DevelopersManaging Director Apollo Hospitals EnterprisesChairman MastekJoint Managing Director Balrampur Chini MillsManaging Director Gillette IndiaCMD GTLManaging Director Aditya Birla NuvoChairman Nagarjuna ConstructionsCMD Sona Koyo Steering SystemsManaging Director HDFCWhole-time Director Grasim IndustriesExecutive Director Bharat ForgeManaging Director Jain Irrigation SystemsExecutive VC & MD Strides ArcolabSenior VP & COO Indian HotelsCMD KCPJoint Managing Director KCPDeputy Managing Director IL&FS Investsmart

VINEET NAYYARJAYANTILAL M SANGHVIRAVI KANTRAJINDER GUPTAK G TENDULKARKULKARNI P B MISRA SAURABHANIL D AMBANIRAMACHANDRA N GALLAP K BHANDARIRAVI JHUNJHUNWALAGOPAL SRINIVASANYUDHISHTHIR D KHATAUT VINAYAK RAVI REDDYNAKUL P MEHTANIKHIL J DANANIT VENKATTRAM REDDYRAVI SANGHIYADUPATI SINGHANIAHARI S BHARTIAJ SAXENA RAVI UPPALC JAYARAMPRAVEEN KADLEN P GHUWALEWALAP BHATTACHARYAM HARISCHANDRA PRASADANAND G MAHINDRASAMIR MEHTAR S AGRAWALKALYAN GANGULYB B RAMAIAHJAGDISH KHATTARRAM MYNAMPATID K CHHABRIAP P CHHABRIABHAGIRATH ARYARAVI MENONPREETHA REDDYASHANK DESAIMEENAKSHI SARAOGIZUBAIR AHMEDMANOJ TIRODKARSANJEEV AGAA V S RAJUSURINDER KAPURK M MISTRYSHAILENDRA K JAING K AGARWALANIL B JAINARUN KUMARZELLER FRANZV L DUTTINDIRA DUTT V L RAMESH BAWA

Gross salary

Rs cr (2007)

2.442.412.412.402.402.392.362.342.322.322.292.282.282.242.232.232.232.212.192.192.182.182.182.172.162.162.152.142.132.122.122.122.112.112.102.102.102.092.092.082.072.062.052.052.042.042.042.042.042.032.032.022.022.022.02


Most of thehighest paid

CEOs arefrom the

promoterfamilies



Managing Director Nucleus SoftwareManaging Director Bajaj AutoVice Chairman Hindustan UnileverExecutive Director Asian HotelsDirector Nicholas PiramalManaging Director Crompton GreavesGroup MD Peninsula LandExecutive Director Patni ComputerManaging Director VST IndustriesCMD Ansal Housing Whole-time Director Aditya Birla NuvoExecutive Director Patni ComputerExecutive Director Bharat ForgeCMD Jubilant OrganosysManaging Director Tata SteelExecutive Director Kotak Mahindra BankCMD ICSA IndiaManaging Director ABC BearingsVC & MD Transport Corporation of IndiaExecutive Director ITCManaging Director Deccan Chronicle HoldingsManaging Director Balrampur Chini MillsDirector- Legal & Corporate Affairs GlaxoSmith CHLCEO ISMT Joint MD (Development) EIHExecutive Director HDFCExecutive Director ITCCMD Unichem LaboratoriesCMD CCL ProductsJoint MD (Operations) EIHCountry Head-CropScience Bayer CropScienceManaging Director Ashok LeylandExecutive Chairman Alok IndustriesExecutive Director Alok IndustriesManaging Director Alok IndustriesJt. MD Alok IndustriesCMD United PhosphorusManaging Director Visaka IndustriesWhole-time Director Aditya Birla NuvoManaging Director Super Spinning MillsJoint Managing Director Jain Irrigation SystemsChairman Parsvnath DevelopersChairman Super Spinning MillsManaging Director HDFC BankManaging Director Abbott IndiaChairman Glenmark PharmaCMD Cosmo FilmsCEO- India Operations i-flex SolutionsCMD Hindustan SanitarywareCMD Emco Managing Director Emco CEO Philips IndiaManaging Director Shoppers' StopJoint Managing Director OmaxeManaging Director Ballarpur Industries

VISHNU R DUSADRAJIV BAJAJM K SHARMA SARAF ARUN KSWATI A PRIAMALSM TREHANMAHESH GUPTAGAJENDRA K PATNIR S NARONHADEEPAK ANSALK K MAHESHWARIASHOK K PATNIAMIT B KALYANISHYAM S BARTIAB MUTHURAMAN DIPAK GUPTAG BALAL REDDYP M PATELD P AGARWALS S H REHMANP K IYERVIVEK SARAOGIP S MUKHERJEEB R TANEJAARJUN OBEROIRENU S KARNADA SINGHP A MODYC RAJENDRA PRASADVIKRAM OBEROIJENS HARTMANNR SESHASAYEEASHOK B JIWRAJKACHANDRAKUMAR BUBNADILIP B JIWRAJKASURENDRA B JIWRAJKAR D SHROFFG VIVEKANANDS K MITRASUMANTH RAMMURTHIAJIT B JAINPRADEEP JAINL G RAMAMURTHIADITYA PURIVIVEK MOHANGRACIAS SALDHANAASHOK JAIPURIAGHAISAS DEEPAK KR K SOMANYRAJESH S JAINSHAILESH S JAINALEXIUS MANA JOSEPHUS CB S NAGESHSUNIL GOELR R VEDERAH

Gross salary

Rs cr (2007)

2.022.022.012.012.012.002.002.002.001.991.991.991.981.981.981.981.971.961.961.961.961.951.931.931.921.921.911.911.901.901.891.881.851.851.851.851.841.841.821.811.801.801.801.801.791.781.771.771.771.771.751.751.751.741.73


In the top5 telecomcompanies,over 20 executivesearn morethan Rs 1 croreeach


CMD Blue StarVC & MD Blue StarExecutive Vice Chairman Peninsula LandExecutive Director United PhosphorusExecutive Director ABC BearingsManaging Director CadburyDirector Indiabulls Financial ServicesDirector Indiabulls Financial ServicesCMD Marico IndustriesCMD Everest Kanto CylinderMD (Steel) Tata SteelManaging Director Ispat IndustriesGeneral Manager Asian HotelsCMD DCM Shriram ConsolidatedJoint Managing Director Hindustan SanitarywareCMD HBL Nife Power SystemsExecutive Director HCCDirector - Marketing Ratnamani Metals & TubesManaging Director Electrosteel CastingsManaging Director Mphasis BFLVC & MD Philips IndiaJoint Managing Director Electrosteel CastingsCMD Sanghvi MoversExecutive Director Moser BaerWhole-time director Pantaloon RetailCMD Oswal ChemicalsDirector - Industrial & Special Products BOCManaging Director Finolex IndustriesSenior Executive Director GHCLExecutive Director ITCManaging Director Asian PaintsVC & MD Asian PaintsManaging Director Arvind MillsSr Ex Director-Finance DLFExecutive Chairman Asian PaintsCEO & MD Glenmark PharmaEx Director Great Eastern ShippingDirector- Finance Hindustan UnileverCMD Ingersoll RandExecutive Director Strides ArcolabDeputy Managing Director ICICI BankMD & CEO Aztec SoftwareJoint Managing Director ICICI BankCMD Ess Dee AluminiumExecutive Director Bombay DyeingJoint Managing Director Bombay DyeingVice Chairman Jain Irrigation SystemsWhole-time Director & CS Ambuja CementsManaging Director SKF IndiaManaging Director XL Telecom & EnergyMD & CEO Hinduja TMTCEO Matrix LaboratoriesSenior Operator Indian HotelsWhole-time Director Torrent PowerManaging Director Astra Microwave Products

ASHOK M ADVANISUNEEL M ADVANIRAJEEV A PIRAMALJ R SHROFFT M PATELKRIPALU ANANDRAJIV RATTANSAMEER GEHLAUTHARSH MARIWALAPREM KUMAR KHURANAT MUKHERJEEV K MITTALJIRI KOBOSAJAY S SHRIRAMSANDIP SOMANYA J PRASADS K FOTEDARSHANTILAL M SANGHVIUMANG KEJRIWALDEEPAK JAYANT PATELK RAMACHANDRANMAYANK KEJRIWALC P SANGHVIRATUL PURIRAKESH BIYANIA K OSWALD N LINDSAYK P CHHABRIATEJ MALHOTRAK VAIDYANATHABHAY VAKILASHWIN S DANISANJAY S LALBHAIRAMESH SANKAASHWIN CHOKSIGLENN SALDANHARAVI K SHETHD SUNDARAM D L MIRCHANDANIK R RAVISHANKARKALPANA MORPARIAV CHANDRASEKARANLALITHA GUPTESUDIP DUTTAM K SINGHNESS N WADIAASHOK B JAINTAPRAIA B LR MAKHIJADINESH KUMARK THIAGARAJANRAJIV NAIKSAHER PERVEZ PESTONJIMAKRAND BHATTB MALLA REDDY

Gross salary

Rs cr (2007)

1.731.731.731.731.721.721.711.711.701.691.681.671.671.671.661.661.651.641.641.631.631.621.621.621.621.621.611.611.611.601.591.591.591.591.591.591.581.581.571.571.571.571.571.551.551.541.531.531.531.501.501.491.481.481.48


While the grosssalary ofonly13

executives isover

Rs 10 crore,there is

only one professional

who gets thissalary – Takao

Eguchi of HeroHonda at

Rs 12.61 crore. The other 12

are all promoters



Director Astra Microwave ProductsCOO Astra Microwave ProductsExecutive Director Bajaj AutoVC & MD Ucal Fuel SystemsManaging Director Centurion Bank of PunjabExecutive Director Nagarjuna ConstructionsWhole-time Director Nagarjuna ConstructionsWhole-time Director Nagarjuna ConstructionsChief Executive - Projects DLFGeneral Manager Asian HotelsManaging Director Indo Rama SyntheticsManaging Director Royal OrchidExecutive Director SubrosManaging Director Hindustan UnileverExecutive Director Unichem LaboratoriesWhole-time Director 3i InfotechPresident Mphasis BFLManaging Director Grindwell NortonExecutive Director M&MWhole-time Director Gillette IndiaExecutive Director M&MChairman Eicher MotorsDirector- Technical Gujarat Gas CoCMD Lumax IndustriesCMD Mirc ElectronicsDirector Mirc ElectronicsCMD Rajshree Sugars & ChemWhole-time Director Kirloskar BrothersExecutive Director Kalyani SteelsManaging Director Procter & Gamble HygieneExecutive Director Shree CementGroup Director - Finance Ballarpur IndustriesExecutive Director Nicholas PiramalCMD TV TodayMD & CEO Entertainment NetworkManaging Director ZF Steering GearManaging Director Kansai NerolacCEO & Whole time Director NIIT TechologiesExecutive Director Bajaj HindustanCMD BASFDirector - Marketing Jain Irrigation SystemsJoint Managing Director Maruti UdyogJoint Managing Director Maruti UdyogDeputy Managing director Finolex IndustriesManaging Director Phoenix LampsVC & MD Sunflag IronVC & MD DCM Shriram ConsolidatedDirector & COO Info EdgeCMD Gammon IndiaWhole-time Director & CFO Grasim IndustriesDeputy Managing Director ICICI BankDirector Pantaloon RetailHead- BBS AP ODC Bayer CropScienceManaging Director Usha InternationalChairman Deepak Fertilisers

C PRAMEELAMMAP A CHITRAKARSANJIV BAJAJK JAYAKARSHAILENDRA BHANDARIA G K RAJUA S N RAJUN R ALLURIRAVI S KACHRUROGER LIENHARDO P LOHIACHANDER K BALJEESHRADHA SURIS RAVINDRANATHB K SHARMAHARIHARAN PADMANABHANANANT R KOPPARMAHAJAN A YA K NANDASUBHASH BANSALBHARAT DOSHIS SANDILYAJOE MCGOWAND K JAING L MIRCHANDANIV J MANSUKHANIRAJSHREE PATHYR K SRIVASTAVAC G PATANKARS KHOSLAM K SINGHIB HARIHARANMICHAEL FERNANDESAROON PURIEA P PARIGIDINESH MUNOTH M BHARUKAARRVIND THAKURI D MITTALPRASAD CHANDRANATUL B JAINHIROFUMI NAGAOSHINICHI TAKEUCHIPRAKSH P CHHABRIAH R GUPTARAVI BHARDWAJVIKRAM S SHRIRAMHITESH OBEROIABHIJIT RAJANRATHI D D NACHIKET MORVED PRAKASH ARYABERND LOHMANNSUNIL WADHWAC K MEHTA

Gross salary

Rs cr (2007)

1.481.481.481.481.471.471.471.471.471.461.461.461.461.451.451.451.451.451.451.441.441.431.431.431.431.431.431.431.421.421.411.411.411.411.411.401.401.401.401.391.391.381.381.381.361.361.351.351.341.341.341.341.331.321.32


Loyalty, itseems, is a bigfactor. Only38 executivesin the 576 listed companieshave joinedtheir jobs inthe last one year


Chief Operating Officer Ashok LeylandManaging Director IMFALWhole-time Director NDTVPresident & Executive Director Godrej Consumer ProductsManaging Director Tata TeaCMD MRFManaging Director Zuari IndustriesJoint Managing Director Sunflag IronSr President (Films) Uflex Executive Director Apollo Hospitals EnterprisesCMD R Systems Int'lWhole-time Director MRFChairman UnitechManaging Director TrentManaging Director First LeasingCMD Garden Silk MillsPresident & COO Flextronics SoftwareManaging Director ThermaxExecutive Director SiemensJoint Managing Director Hotel Leela VentureVC & MD Hotel Leela VentureExecutive President Subex AzureCMD Allcargo Global LogisticsWhole-time Director Electrosteel CastingsChairman Man IndustriesDirector (Mkt & Sales) Maruti UdyogGeneral Manager Asian HotelsManaging Director Geometric SoftwareManaging Director Ipca LaboratoriesJoint Managing Director Apollo TyresWhole-time Director Dabur PharmaJoint Managing Director Pidilite IndustriesCMD Radico KhaitanManaging Director ICIManaging Director Tata TeleservicesChief Excecutive Formulations Panacea BiotecChief Executive - Projects DLFManaging Director Peninsula LandManaging Director EID ParryVice President Kale ConsultantsAdvisor - Housing DLFCMD & CEO Subex AzureManaging Director Ipca LaboratoriesManaging Director Tata ChemicalsArea Director Indian HotelsExecutive VC & MD Kotak Mahindra BankExecutive Director Transport Corporation of IndiaChairman Phoenix LampsMD & CEO Paper ProductsManaging Director Tata CoffeeExecutive Director & CS Procter & Gamble HygieneDMD(Corporate Services) Tata SteelManaging Director Titan IndustriesManaging Director InfomediaPresident Cosmo Films

VINOD K DASARISUBHRAKANT PANDAKVL NARAYAN RAOHOSHEDAR PRESSSIGANPORIA P TK M MAMMENH S BAWAPRANAV BHARDWAJPRADEEP TYLESUNEETA REDDYSATINDER SINGH REKHIK M PHILIPRAMESH CHANDRATATA N NFAROUK IRANIPRAFUL A SHAHMONORANJAN MOHAPATRAPRAKASH KULKARNIH GELISDINESH NAIRVIVEK NAIRSUDEESH YEZHUVATHSHASHI KIRAN SHETTYUDDHAV KEJRIWALR C MANSUKHANISHUJI OISHITIMOTHY BRUCEMANU PARPIAM R CHANDURKARNEERAJ KANWARAJAY K VIJN K PAREKHLALIT KHAITANRAJIV L JAINCHARLES ANTONYNARAYAN B GADRAJIV MALHOTRARAJESH JAGGIP RAMA BABUGUY HESCOTTA D REBELLOSUBASH MENONPREMSCHAND GODHAPRASAD R MENONPOUPON YANNICKUDAY KOTAKVINEET AGARWALB K GUPTASURESH GUPTAM H ASHRAFFA CHHABRAA N SINGHBHASKAR BHATPRAKASH IYERR MUKHERJEE

Gross salary

Rs cr (2007)

1.311.311.311.311.311.311.311.301.301.301.301.291.291.291.291.281.281.271.271.271.271.261.261.261.261.261.261.251.251.251.251.251.251.251.241.241.241.241.241.241.241.231.231.221.221.221.221.221.211.211.211.211.211.201.20


The pharmasector has the

highest number of

crorepati executives at 50. It is

closely followed by44 in the IT

and 41 in theconstruction

sector



Executive Director Spanco TelesystemsCMD Suzlon EnergyExecutive Director Federal-Mogul GoetzeWhole-time Director ICICOO & Whole time Director NIIT Executive Director - Marketing Ispat IndustriesVice Chairman Reliance EnergyManaging Director Jeypore SugarExecutive Director Tata ChemicalsExecutive Director - Finance Ispat IndustriesVC & MD WelspunSenior VP Indian HotelsExecutive Chairman IMFALCMD Infotech EnterprisesWhole-time Director Madras AluminiumJoint Managing Director ZF Steering GearMD & CEO Yes BankJoint Managing Director Bombay DyeingGroup Executive Director DLFChairman FulfordDeputy Managing Director ICICI BankWhole-time Director Nagarjuna ConstructionsWTD & COO Patel EngineeringDeputy Managing Director Finolex CablesManaging Director Gujarat Gas CoExecutive Director Reliance IndustriesManaging Director Munjal AutoExecutive Director Jubilant OrganosysVC & MD Novartis MD & CEO Greaves CottonCOO BioconManaging Director SyngentaManaging Director Rain CalciningPresident - Marketing BioconVice Chairperson & Editorial Director HT MediaExecutive Director Kirloskar Oil EnginesVice Chairman IMFALVP - Finance & CFO WiproVP & Head - Data Network Sasken Comm TechnoVC & MD Srei Infrastructure FinanceDirector & CFO Arvind MillsDirector (Research & Devplmnt) Torrent PharmaManaging Director Sundram FinanceMD & CEO Info EdgeVC & MD Clariant ChemicalsED & CEO Cosmo FilmsVC & MD HikalDeputy Chairman & MD Forbes GokakManaging Director MerckPresident - R&D BioconFinance Director & Secretary VST IndustriesManaging Director KCP SugarJoint Managing Director Rolta IndiaJoint Managing Director Andhra SugarsManaging Director AstraZeneca

KAPIL PURITULSI R TANTIARUN ANANDM R RAJARAMP RAJENDRANVINOD GARGSATISH SETHRAJESWARY RAMAKRISHNANHOMI KHUSROKHANANIL SUREKAB K GOENKASHUKLA PRAKASHB PANDABVR MOHAN REDDYPRAVIN AGARWALJINENDRA MUNOTRANA KAPOORP V KUPPUSWAMYRAJIV TALWARK D SHAHCHANDA D KOCCHARA V N RAJUSONAL PATELV K CHHABRIAB S SHANTHARAJUHARDEV SINGH KOHLISUDHIR MUNJALJ M KHANNAR SHAHANISACHDEV PARUN CHANDAVARKARP K APTEN JAGAN MOHAN REDDYRAKESH BAMZAISHOBHANA BHARTIAD R SWARBAIJAYANT PANDASENAPATY S CVIJAY BABU VHEMANT KANORIAJAYESH K SHAHC DUTTT T SRINIVASARAGHAVANSANJEEV BIKHACHANDANIH MEIERS K MITTALJAI HIREMATHK C MEHRAMAREK DZIKISHRIKUMAR SURYANARAYANANN SAI SANKARIRMGARD V M RAOA D TAYALM THIMMARAJABHASKER V IYER

Gross salary

Rs cr (2007)

1.201.201.201.191.191.191.191.191.191.191.181.181.181.171.171.161.161.161.161.161.161.161.161.161.161.151.151.151.151.141.141.141.141.141.131.131.131.131.131.131.131.121.121.121.121.121.121.121.121.111.111.111.111.111.11


The top execu-tives in 40leading companieshave receivedRs 12,000crore worth of equityshares at market pricesunder theemployeestock option scheme till March 2006


CMD Mukta ArtsJoint Managing Director Andhra SugarsDy CEO Entertainment NetworkJoint Managing Director Andhra SugarsPresident-Finance BioconWhole-time Director Shanthi GearsManaging Director Cholamandalam DBS FinanceManaging Director Elgitread (india)Joint Managing Director WelspunMD & CEO Essar OilManaging Director SRFCMD BioconCFO Tata TeleservicesExecutive Chairman Ciba Speciality ChemicalsWhole-time Director Eveready IndustriesManaging Director Thomas CookManaging Director VoltasDirector (Finance) GlaxoSmith CHLCMD Shreyans IndustriesWhole-time Director Castrol IndiaDeputy Managing Director DCM Shriram ConsolidatedExecutive Director Andhra SugarsAdvisor - Land & Estate DLFManaging Director MRFWhole-time Director Munjal AutoManaging Director Radico KhaitanSales Director R Systems Int'lCMD Bimetal BearingWhole-time Director Pidilite IndustriesExecutive Director ICICI BankGroup CFO Mphasis BFLWhole-time Director UnitechManaging Director UnitechManaging Director UnitechDeputy Managing director Essar OilManaging Director IFGL RefractoriesCMD Natco PharmaManaging Director GatiWhole-time Director Kirloskar BrothersExecutive Director Bharat ForgeVC & MD Goldiam InternationalCMD Pricol CEO & MD Voltamp TransformersDirector GlaxoSmith CHLCMD Indian Hume PipeEx Chairman & CEO Exide IndustriesJoint Managing Director Gandhi Special TubesManaging Director Gandhi Special TubesPresident- Finance Solutions WiproExecutive Vice President Zee EntertainmentDirector - Finance Havell's IndiaChairman & Wholetime Director Visa SteelExecutive Director Bharat ForgeCOO-Aluminium & Power HindalcoJoint Managing Director JSW Steel

SUBHASH GHAIM NARENDRANATHPRASHANT PANDAYP NARENDRANATH CHOWDHARYMURLI KRISHNAN K N S SANGEETHAATUL PANDESUDARSAN VARADARAJR R MANDAWEWALAAWADHESH N SINHAASHISH BHARAT RAMKIRAN MAZUMDAR SHAWVIVEK SETTJ S BILIMORIAS SAHAM MENONA SONIG K CHAKRABORTYD K OSWALA S RAMCHANDERRAJIV SINHAP ACHUTARAMAYYAPRAVEEN KUMARARUN MAMMENANJU MUNJALABHISHEK KHAITANASHOK BHATIAA KRISHNAMOORTHYA B PAREKHV VAIDYANATHANALOK CHANDRA MISRAA S JOHARAJAY CHANDRASANJAY CHANDRAHARI L MUNDRAS K BAJORIAV C NANNAPANENIMAHENDRA AGARWALJ R SAPRES E TANDALERASHESH BHANSALIVIJAY MOHANKANUBHAI S PATELP DWARAKANATHRAJAS R DOSHIS B GANGULYBHUPATRAI G GANDHIMANHAR G GANDHIGIRISH PARANJPEJOY CHAKRABORTHYRAJESH GUPTAVISHAMBHAR SARANP K MAHESHWARIRATAN KUMAR SHAHB N SINGH

Gross salary

Rs cr (2007)

1.111.101.101.101.101.101.101.101.101.101.101.101.101.091.091.091.091.091.091.081.081.081.081.081.081.081.081.071.071.071.071.071.071.071.071.071.061.061.061.061.061.061.051.051.051.051.041.041.041.041.041.041.041.031.03




CEO & Executive Director Welspun Gujarat Stahl RohrenDMD DCM Shriram IndustriesExecutive Director- Retail DLFChairman Sintex IndustriesExecutive VP TCSDirector & Chief Executive Off IFGL RefractoriesVice Chairman Sintex IndustriesManaging Director Sintex IndustriesDirector DCM Shriram ConsolidatedCMD Plethico PharmaManaging Director Sintex IndustriesExecutive Director Kirloskar Oil EnginesManaging Director MonsantoWhole-time Director Aditya Birla NuvoMD & CEO Development Credit BankCFO Indian HotelsManaging Director Sesa GoaExecutive Director Tata PowerPresident WiproCOO Celebrity FashionsHead Risk Management HindalcoChairman & Executive Director NIIT TechologiesCFO TCSCMD Kanoria ChemcialsPresident Godfrey PhillipsChief Scientific Officer Matrix LaboratoriesChairman Punj Lloyd

B K MISHRAALOK B SHRIRAMAJAY KHANNADINESH PATELCHANDRASEKARAN NP BAJORIAARUN PATELAMIT PATELAJIT S SHRIRAMSHASHIKANT PATELRAHUL PATELR R DESHPANDEFELIPE OSORIOADESH GUPTAGAUTAM VIRGOEL ANIL PP K MUKHERJEES RAMAKRISHNANSURESH VASWANIHENRY MC IVORBARRY MARSHALLRAJENDRA SINGH PAWARMAHALINGAM SETURAMANR V KANORIAK K MODIB GOPALANATUL PUNJ

Gross salary

Rs cr (2007)

1.031.031.031.021.021.021.021.021.011.011.011.011.011.011.011.011.011.011.011.011.001.001.001.001.001.001.00


executive earnings

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