The chief executive officer (CEO) is the higher position in an organisation and responsible for implementing existing plans and policies, improving the company's strength, supporting business transformation and creating strategy.
The CEO has responsibility for the company's success or failure and oversees its various functions, including operations, finance section, marketing, human resources, legal, and technology.
The CEO title most often applies to for-profit businesses whose employee numbers or revenue size justifies this position. Some nonprofit organizations also choose their most senior person to hold the CEO role.
Business laws impact the role of the CEO is appropriate within an organisation. Corporations, by law, must have CEOs, other officers and boards of directors in the organisation. A limited liability company (LLC) can structure itself like a corporation and have a CEO, but it's not needed by the laws governing Limited Liability Companies.
Are you looking forward to becoming a CEO someday? If yes then these are the top 15 highest paid CEOs of India. Check out their salary details and see who tops the chart.
01) C Vijayakumar
Salary: INR 130+ Crore (FY 2022)
Company: HCL Technologies
C Vijayakumar joined HCL Technologies in 1994 and became the CEO today he is the highest-paid CEO in India. Vijayakumar is currently known as the CEO and the MD of HCL Technologies and has been working for the same period of over 28 years.
According to the annual report, HCL technologies posted a sequential drop of 8.6 per cent in the consolidated net profit to ₹ 3,283 crores for the quarter ending on June 30 for FY 23.
He also works as a board member of the US-India Business Council community. Besides, he has been appointed the Chairman of the World Economics Forum's IT Governor's Community.
Vijayakumar's salary was last reported to be $16.52 million (Rs 130 crore) in FY22, which he received after getting a two-year long-term incentive (LTI) as well.
02) Pawan Munjal
Salary: INR 84.59 crore (FY 2020)
Company: Hero Motocorp
Pawan Munjal is an Indian billionaire businessman, the chairman, managing director and the CEO of India and an alumni of NIT, Kurukshetra alumnus has been ranked among the ‘40 most powerful Indians of 2017’ according to India Today. He has been instrumental in transforming Hero Honda into Hero Motocorp.
03) Thierry Delaporte
Salary: INR 79.8 crore+ (FY 2022)
Thierry Delaporte is the CEO and MD of Wipro Ltd one of the top IT firms in India today. He has been appointed as the CEO and MD of the company in July 2020.
He completed his education at the Paris-Sorbonne University and Sciences Po. He was an internal auditor at the now-defunct audit company Arthur Andersen.
He worked at Capgemini for a total of 25 years, from 1995 to 2020. During this time, he held the posts of CEO, CFO and Chief operating officer. He received a compensation of Rs 79.8 crore in FY22, which was a hike from the earlier package of Rs 64.3 crore in FY21.
04) Salil S Parekh
Salary: INR 71.02 crore (FY22)
Salil S Parekh is the top CEO from India of Infosys IT company. He is a graduate of the Indian Institute of Technology, Bombay (IIT Bombay) in Aeronautical Engineering and then did a Master of Engineering degree in Computer Science and Mechanical Engineering from Cornell University. He was also a member of the group executive board at Capgemini.
Salil Parekh's salary was Rs 71.02 crore between FY 21-22. Besides, the company extended Salil Parekh's term till 2027, along with a hike in his package, which has now become Rs 79.75 crore.
05) Naveen Jindal
Salary: INR 70 crore+ (2012)
Company: Jindal Group
Naveen Jindal an industrialist and MP in the 14th and 15th Lok Sabha, and Chairman of the Jindal group. Naveen is active in shooting, having captained the Indian Shooting Team to a silver medal in the South Asian Federation Games, in 2004. He has taken Jindal Steel and Power Limited to great success, with many power plants being set up under his leadership.
Jindal is why we can now fly our National Flag 365 days a year. On January 23, 2004, the Supreme Court of India ruled in favour of Naveen Jindal, the Member of Parliament, Lok Sabha then that every Indian, as per their fundamental right, would be allowed to hoist the flag of India on all days of the year.
Jindal and his wife, Ms Shallu Jindal, established the Flag Foundation of India. His was last reported to be over Rs 70 crore in FY12.
06) C P Gurnani
Salary: INR 63.4 crore (FY 2022)
Company: Tech Mahindra
C P Gurnani is the MD and CEO of Tech Mahindra firm. He was also the Nasscom chairman for one year back in 2016. In a career spanning 32 years, he has held several leading positions with HCL, Hewlett Packard Limited, Perot Systems (India) Limited and HCL Corporation Ltd. He was the E&Y's.
He was last posted at Rs 63.4 crore after he received a 189% hike in his compensation in FY22. In 2018, Gurnani was ranked 488 of the "Best CEOs In The World" by the CEOWORLD magazine.
07) Natarajan Chandrasekaran
Salary: INR 58 Crore (FY 2020)
Company: TATA Group
Natarajan Chandrasekaran he’s a former CEO, his name has to be on this list in order to demonstrate what a proper Chief X Officer is. Voted as the ‘Best CEO’ for five consecutive years by the Institutional Investor’s Annual All-Asia Executive Team rankings, and ‘Best CEO’ for the second consecutive year in 2014 by Business Today.
He was the current chairman of the TATA group, the CEO of Tata Consultancy Services, and also the Chairman of Tata Motors and Tata Global Beverages.
The company has also achieved the place of becoming the largest private-sector employer in India under his guidance. Natarajan drew Rs 58 crore in FY20.
08) Rajiv Bajaj
Salary: INR 39.86 Crore (FY 2020)
Company: Bajaj Auto
Rajiv Bajaj has since worked at Bajaj Auto in the areas of Manufacturing & Supply Chain (1990–95), Engineering (1995-2000), and Marketing and Sales (2000-2005), and has been its Managing Director since April 2005.
He was re-appointed as the MD and CEO in India in 2020. He changed the two-wheeler industry graph in India by introducing the Pulsar range of motorcycles. In the year 2017, he ranked 42nd position by India Today in their list of India's 50 Most Powerful People.
09) Saugata Gupta
Salary: INR 36.1 Crore (FY 2022)
Company: Marico Limited
Saugata Gupta is also Chief Executive Officer & Managing Director at The Indian Society of Advertisers and on the board of 11 other companies. He was previously in the position of Chief Marketing Officer at ICICI Prudential Life Insurance Co. Ltd. and Marketing Manager-Chocolates at Mondelez India Foods Pvt Ltd.
He received an undergraduate degree from Indian Institute of Technology Kharagpur and an undergraduate degree from Indian Institute of Management Bangalore.
Saugata Gupta has been CEO of Marico since 2013. He joined the company in 2004 as the Head of Marketing role. His salary was registered at INR 16.5 Crore in 2017 and to become Rs 36.1 crore in FY22. He has become the highest-paid CEO in the FMCG segment in FY22.
10) Om Prakash Manchanda
Salary: INR 33.20+ crore (FY 2022)
Company: Dr Lal Path Labs Pvt. Ltd.
Dr. Om Prakash Manchanda had earlier worked for Hindustan Unilever, Monsanto and Ranbaxy. He had 33 years of rich experience in reshaping the Indian Medical Diagnostic scenario. Today he is CEO of Dr Lal Path Labs Pvt. Ltd.
He was a part of the company's team responsible for Ranbaxy’s venture into the healthcare division. He has a bachelor’s degree in veterinary science and a PGDM from IIM Ahmedabad. Om's salary was last reported as around Rs 33.20 crore in FY22.
11) Ajay Srinivasan
Salary: INR 28.22 Crore (FY 2021)
Company: Aditya Birla Capital
His first job was working at ICICI involving project appraisals. Then later he joined ITC's financial unit first managing their in-house funds. In 1998 he went to ICICI Prudential Mutual Fund where he became Managing Director.
In 2001, Prudential plc, joint venture partners in ICICI Prudential Mutual Fund, moved Srinivasan to Prudential Asset Management in Hong Kong where he worked for seven years.
At Prudential, he was in charge of their Asia business spanning ten markets and managing $60 billion in assets. and Ajay Srinivasan is the CEO of Aditya Birla Group, which he joined in 2007. He was also the chief executive fund manager at Prudential Corporation Asia. His salary was INR 28.22 Crore (FY21).
12) Sanjiv Bajaj
Salary: INR 28 Crore (FY 2020)
Company: Bajaj Finserv
Sanjiv Bajaj began his career in 1994 with Bajaj Auto. During his years at Bajaj Auto, he worked in various roles, including heading finance, legal & international business functions within the organisation. He was credited with bringing American-style supply chain management to Bajaj Auto using General Motors as a model.
Sanjiv Bajaj, a graduate of Harvard Business School, took charge as the company's CEO in 2008. He also got placed in the list of India Today's Top 50 Power People in 2019. Sanjiv Bajaj's salary in the fiscal year 2020 was reported to be INR 28 Crore.
13) S N Subrahmanyan
Salary: INR 27.17 Crore (FY 2020)
Sekharipuram Narayanan Subrahmanyan has been serving as the CEO of Larsen & Toubro (LT) since 2017. L&T is an Indian conglomerate that deals with engineering, manufacturing, construction, technology, and financial services. He was appointed as L&T director in 2011. S N Subrahmanyan received The Best CEO in the Infrastructure Sector of the Fortune India Best CEOs 2022 and also
The Best CEO in the Infrastructure & Engineering category of BT-PwC India’s Best CEOs ranking 2022. Even he got featured in the Top 50 Utility Leaders In The GCC 2021. He is the current CEO and received a salary of INR 27.17 Crore in FY20.
14) Rajesh Gopinathan
Salary: INR 25.75 Crore (FY 2022)
Rajesh Gopinathan is to be one of the youngest CEO of Tata Group. He was elevated to the role of Chief Executive in February 2017 after serving as the Chief Financial Officer since 2013.
He is the Managing Director and CEO of Tata Consultancy Services since 2017. After graduating from IIM Ahmedabad, he is managing one of the leading IT sectors. INR 25.75 crore as his salary in FY22, which was 26.6% over the pay he received in 2021.
15) Vivek Gambhir
Salary: INR 20.09 crore (FY 2019)
Company: Godrej Consumer Products Ltd (GCPL)
Vivek Gambhir is the CEO and MD of Godrej Consumer Products Ltd (GCPL) since 2017. Vivek is also a founding member of Bain’s consulting operations in India. He is the president of the Harvard Business School in India.
Vivek is also a Non-Executive Independent Director of Philips India Ltd, a post he has held since 28 March 2014. Vivek was having around Rs 20 crore in FY19, which made him the highest-paid FMCG executive that year.
CEOs are essential for the company because of the management tasks such as developing, communicating and implementing corporate policies and strategies, and determining the company's plan of action in terms of maintaining budgets, investments, markets, partnerships and products, among others. In this article, we have maintained India's top 15 highest-paid CEOs in India.
FAQ's on Top CEO's:
Elon Musk: Elon Reeve Musk is an entrepreneur and the world's highest-paid CEO.
The average salary for a CEO in India is 30 Lakhs per year (₹2.5L per month). Salary estimates are based on 1100 salaries received from various CEOs from industries.
A chairman may have more authority than a CEO in the company.