The Chief Executive Officers of India’s major private companies earn double the salary they did in 2013-2014, PTI reported on Sunday. The report was based on disclosures by 20 companies listed on the Bharat Stock Exchange Sensex for 2015-16. While the CEOs were earning an average of Rs 10 crore in 2013-2014, they now make around Rs 19 crore, the report said. The figure includes the take home pay and all add-ons, including commissions, stocks and allowances.
The highest paid among these companies were AM Naik, of Larsen and Toubro, who earns Rs 66 crore, Vishal Sikka of Infosys at Rs 48.73 crore, and Desh Bandhu Gupta of Lupin at Rs 44.8 crore. The CEOs of public sector banks make much less, however. The top earner among them is Arundhati Bhattacharya, the chairperson of the State Bank of India, who has remuneration of Rs 31.1 lakh. The average salary for CEOs at public sector firms is Rs 25 lakh to Rs 30 lakh.