Fat paycheck? Not quite
It is safe to assume Indian chief executive officers (CEOs) don't struggle to pay their bills on time.
But not all of them take home eight-digit annual salaries, despite their businesses figuring in the list of the country's top 100 companies.
For instance, Umesh Revankar, managing director of Shriram Transport Finance, earned Rs 48 lakh during 2013-14. The company, which manages assets of Rs 41,900 crore, is India's largest asset financing non-banking financial company.
Analysts say for most Indian CEOs, monetary compensation isn't the sole consideration.
"Yes, a high-paying job does give you instant gratification. But that is not the only reason why executives stick around. The authority they wield within the organisation and the incumbent perks and benefits that come with the job should also be borne in mind.
"For instance, the Tata brand name carries heft and working with the group for a certain period of time gives you an edge," said a Tata group official.
Ajoy Misra, managing director of Tata Global Beverages, is among the lowest-paid CEOs in India; he earned Rs 1.81 crore during 2013-14, data on BSE 100 companies (excluding state-run enterprises) available with Capitaline showed.
The data didn't include the compensation of CEOs who were part of promoter groups.
Text: Somasroy Chakraborty, Business Standard
Image: Umesh Revankar, managing director of Shriram Transport Finance
Image courtesy: Shriram Transport Finance