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10-Dec-2018 12:56

The analysis is based on the disclosures made by 20 out of the total 24 private sector companies on the Sensex, as the remaining four are yet to disclose their figures.

Those at the lower end in terms of overall remuneration were mostly bankers and included Axis Bank's Shikha Sharma (Rs 5.5 crore), ICICI Bank's Chanda Kochhar (Rs 6.6 crore), HDFC Bank's Aditya Puri (Rs 9.7 crore).At housing finance giant HDFC Ltd, Chairman Deepak Parekh was paid just Rs 1.89 crore, while Vice Chairman and CEO Keki Mistry got Rs 9.3 crore and MD Renu Sud Karnad got Rs 8.5 crore.The CEOs of top listed companies in the private sector of India now make an average of Rs 20 crore per annum, up from the Rs 10 crore average salary payout recorded two years ago.The figure has been arrived at based upon the regulatory filings of these companies mentioning the payout of their top executives.Though impressive, this twofold hike still keeps their salaries far lower than what American counterparts make.

Those at the lower end in terms of overall remuneration were mostly bankers and included Axis Bank's Shikha Sharma (Rs 5.5 crore), ICICI Bank's Chanda Kochhar (Rs 6.6 crore), HDFC Bank's Aditya Puri (Rs 9.7 crore).At housing finance giant HDFC Ltd, Chairman Deepak Parekh was paid just Rs 1.89 crore, while Vice Chairman and CEO Keki Mistry got Rs 9.3 crore and MD Renu Sud Karnad got Rs 8.5 crore.The CEOs of top listed companies in the private sector of India now make an average of Rs 20 crore per annum, up from the Rs 10 crore average salary payout recorded two years ago.The figure has been arrived at based upon the regulatory filings of these companies mentioning the payout of their top executives.Though impressive, this twofold hike still keeps their salaries far lower than what American counterparts make.With a number of corporate houses promoting sons and daughters of their promoters to leadership positions, many of these companies have begun giving hefty remuneration packages to them for their "increased responsibilities" and "active involvement" in exploring new business opportunities.