Indian CEOs' Average Salary is 243 Times Higher Than an Average Employee? Read Complete Details
The remuneration of India Inc’s top 100 senior executives, excluding promoters, saw a sharp increase in the previous financial year too. The financial year 2017 saw the average salary jump by 12.1% to Rs. 9.8 crores.
We all know that there are quite a number of factors that separate employees from their bosses at the workplace. None bigger than the number of zeroes in their paychecks.
Well, a recent study by Capitaline says that the average salary of the top senior executives in a company is approximately 243 times higher than the average salary for employees.
While according to the Bloomberg report, it is also suggested that the compensation ratio of the CEO and an average employee in India is the second-highest in the world after the United States. For Indian employees, the median salary was Rs. 5,65,478 while the average salary for an average CEO was Rs. 9.76 crores in the financial year 2017. Comparatively, the average salary of CEO globally was approximately Rs. 23.6 crores in the previous financial year.
We take a look at a list of highest paid senior executives in the Financial Year 2017:
| Sr. No# | Executive Name | Company | Designation | Remuneration
Rs. (in Crore) |
Yo-Y Growth
(%) |
| 1 | AM Naik | Larsen & Toubro | Group Chairman | 78.91 | 19.29 |
| 2 | Om Prakash Manchanda | Dr. Lal Path Labs | Whole Time Director & CEO | 33.20 | 12.00 |
| 3 | N Chandrasekaran | TCS | Chairman | 30.16 | 17.55 |
| 4 | SN Subrahmanyan | Larsen & Toubro | Managing Director & CEO | 23.71 | 7.17 |
| 5 | Guenter Butschek | Tata Motors | Managing Director & CEO | 22.55 | -- |
| 6 | YC Deveshwar | ITC | Chairman | 21.17 | 58.00 |
| 7 | Markand Bhatt | Torrent Power | Whole Time Director | 21.00 | -31.00 |
| 8 | D Bhattacharya | Hindalco Inds. | Vice Chairman | 19.77 | -- |
| 9 | Satish Pai | Hindalco Inds. | Managing Director | 17.51 | 25.43 |
| 10 | Vinod Kumar | Tata Comm. | Managing Director & Group CEO | 16.87 | 17.60 |
The total payout of the senior-level executives consists of four main components – basic salary, perks, commissions, and retirement benefits. The remuneration of India Inc’s top 100 senior executives, excluding promoters, saw a sharp increase in the previous year. The financial year 2017 saw the average salary jump by 12.1% to Rs. 9.8 crores.
Well, such a huge gap between the pay of an employee and a boss is seen widely, but then the burden of responsibilities the senior level executive is assigned with is huge too. As they say, with great power, comes greater responsibility. In this case, with a bigger salary, comes greater accountability!
(The above story first appeared on LatestLY on Mar 20, 2018 08:43 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).