New Delhi. It is generally believed about the promoters of any company that they get the most salary. However, the Chief Executive Officer (CEO) of some companies is also not behind in the matter of salary. Even the CEOs of some companies get more salary than a promoter or chairman. Let us know which company of India CEO gets more salary than their promoter.
Guontar Bashchek and N Chandrasekaran
Tata Motors Managing Director and CEO Guerter Butschek is the second highest salary in Automotive Industry in India. His salary with Rs 19.27 crore is more than N Chandrasekaran. N Chandrasekhar is a non-executive director in the board of the company and gets a fee of Rs 4.8 lakh for a board meeting or committee meeting. As the chairman of Tata Sons, he attends the board meeting of several Tata Group companies.
Pawan Goenka and Anand Mahindra
Similarly, Pawan Goenka, Managing Director of Mahindra & Mahindra, received Rs 10 crore as salary in FY 2020. This is more than Mahindra & Mahindra Chairman Anand Mahindra. Anand Mahindra got a salary of Rs 8.71 crore in the last financial year 2020. The Scorpio of this company is considered to be 65 -year -old Goenka. Scorpio is the most popular SUV of M&M.
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Vinod Dasari and Siddharth Lal
Vinod Dasari is the highest salary among Indian automotive companies. Dasari got a salary of Rs 24.6 crore in the last financial year. Last financial year, former Managing Director of Ashoka Leyland was made the CEO of Royal Enfield. In comparison, the company’s promoter and managing director Siddharth Lal got a salary of Rs 19.41 crore.
Vipin Sondhi and Dheeraj Hinduja
Former JCB India Managing Director Vipin Sondhi was made MD and CEO of Ashoka Leyland in December 2019. From December to March, he got a salary of Rs 2.2 crore for 100 days. This is more than the company’s chairman Dheeraj Hinduja. Hinduja got a salary of Rs 1.16 crore for the whole year in the last financial year. Sondhi was also given 70.1 lakh stock options in FY 20.
In the last financial year, there were some promoters who have been executives in the company, they are also one of the highest payments. Bajaj Auto Managing Director Rajiv Bajaj (Rajiv Bajaj) increased the salary of 23 percent to Rs 40 crore. Hero Motocorp Chairman and Managing Director Pawan Munjal received Rs 85 crore, which is 5 per cent higher than its previous financial year.
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Kenichi Ayukwapa
Kenichi Akuwaya, Managing Director of Maruti Suzuki, received a salary of Rs 4.66 crore in FY 20. The other executives of auto industries are less than that. It is worth noting that Maru Ti Suzuki’s operations are much larger than other companies. In FY 20, Maruti Suzuki’s total revenue was Rs 7,900 crore, while the company’s net profit was Rs 5,650 crore. In the same year, Eicher Motors was Rs 9,153 crore and net profit was Rs 1,827 crore. ,This news has been translated from Moneycontrol. Click here to read in English,