India Inc showed great resilience in the first year of the pandemic
managing decent profit growth, despite the lockdowns and impaired economic activity.
An analysis of the remuneration of CEO/MDs of companies forming the Nifty 50 index
shows that there was a 45 per cent increase in these payouts in FY22 compared to FY21.
While average salary in FY21 was ₹16.41 crore, it increased to ₹23.83 crore in FY22.
While some CEOs such as Sajjan Jindal and C Vijaykumar got a large increase in their annual remunerations
Uday Kotak and Mukesh Ambani decided to forego their pay last year.
Here’s a lowdown on what chiefs of the top Indian companies earned in FY22.
The jump in aggregate pay-packets of CEOs/MDs last fiscal year was largely due to sharp increases in the salaries of few.
C Vijayakumar, CEO of HCL Technologies, got the largest increase in remuneration in FY22.
He drew close to ₹131 crore as remuneration in FY22, which was ₹100 crore higher than the pay in FY21.