Average CEO Salary At Top Sensex Firms Near 10 Crore

Among these 18 sensex companies taken into account, only four showed a decline in their CEO compensation for the latest fiscal, while the annual pay remained unchanged in one case — Reliance Industries' Mukesh Ambani — at 15 crore.

The pay package increased at TCS, Bajaj Auto, Axis Bank, ITC, Dr Reddy's, Hero Motocorp, HDFC, HDFC Bank, ICICI Bank, Tata Power, Wipro, M&M and Tata Motors.

Those recording a decline in their annual CEO pay package included HUL, where Sanjiv Mehta took over the leadership baton from Nitin Paranjpe during middle of the fiscal in October 2013. Others with lower CEO pay during 2013-14 were Sesa Sterlite, Tata Steel and Infosys, whose outgoing CEO S D Shibulal was among the lowest paid in sensex-club at just about 16 lakh (down from 65 lakh in previous fiscal).

Among those with higher pay packages, Hero Motocorp's managing director and CEO Pawan Munjal got a total pay package of 37.9 crore in 2013-14, up from 32.8 crore in the previous fiscal. This included nearly 3.5 crore as salary and 29.8 crore as commission, among others.

In the US, technology major Oracle Corp's Larry Ellison was the top-paid among blue-chip American firms with a pay package of $78.4 million (over 470 crore), while Houston-based Cheniere Energy's CEO Charif Souki topped the overall chart with remuneration of $142 million (over 850 crore) in 2013.
Read Also: European Universities Lure Indian Students With English
5 Smart Ways Social Media Can Help You Land a Job