Executives across sectors like finance, technology, steel, and media recorded substantial earnings in the previous financial year. Their compensation reflects not just the scale of the businesses they manage, but also the growing emphasis Indian companies place on strong and consistent leadership. The numbers offer a glimpse into how experience and steady direction continue to drive value at the highest levels of corporate management.
Abhay Bhutada, Poonawalla Group
Abhay Bhutada of the Poonawalla Group recorded India’s highest-ever salary in FY24, with total earnings of Rs. 241.21 crore. He was the former Managing Director and CEO of Poonawalla Fincorp, under whose leadership the company secured a CRISIL AAA rating and delivered exceptional financial growth. Outside of his corporate career, Bhutada contributes to education, healthcare, and sports initiatives for underprivileged communities through the Abhay Bhutada Foundation.
Arnob Roy, Tejas Networks
Arnob Roy, Whole Time Director and Chief Operating Officer at Tejas Networks, earned Rs. 76.82 crore during FY24. His remuneration amounted to 3.03% of the company’s revenue and 121.98% of its net profit for the year. Roy is responsible for operational management at Tejas Networks, a company focused on telecom equipment and network solutions, a sector that has seen increasing investment as India expands its digital infrastructure.
Sudhir Singh, Coforge
Sudhir Singh, Executive Director and CEO of Coforge, received a total compensation of Rs. 105.12 crore in FY24. His leadership was instrumental in driving the company’s growth in IT consulting. The payout accounted for 1.14% of Coforge’s revenue and 13.01% of its net profit. A significant rise in demand for digital transformation services supported this level of financial reward.
Kavery Kalanithi, Sun TV Network
Kavery Kalanithi, Executive Director of Sun TV Network, reported a remuneration of Rs. 87.5 crore for the year ending March 2024. She plays a senior management role within one of India’s leading broadcasting companies, operating across television, radio, and digital platforms. Her compensation reflects her contribution to the company’s operational management at a time when the Indian media and entertainment industry continues to diversify across multiple formats.
Naveen Jindal, Jindal Steel & Power
Naveen Jindal, Executive Chairman of Jindal Steel & Power, received Rs. 84.99 crore in remuneration during FY24. In his capacity as Chairman, Jindal oversees the operations of one of India’s major steel producers, a sector critical to infrastructure and industrial development. His earnings reflect his leadership role in managing large-scale projects, production facilities, and strategic expansions across domestic and international markets.
Summing Up
The remuneration trends for FY24 reflect how Indian companies continue to align executive compensation with strategic leadership and operational impact. Leaders such as Abhay Bhutada of the Poonawalla Group, Naveen Jindal of Jindal Steel & Power, and Sudhir Singh of Coforge represent a cross-section of industries where experienced management continues to drive business growth and resilience.
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