New Delhi, Sept. 22 (PTI): Sun TV promoters Kalanithi Maran and his wife Kavery were the top-paid business persons in India in the last fiscal with a package of Rs 56.25 crore each among the listed companies, replacing Jindal Steel’s Naveen Jindal from the pole position.
However, the impact of the slowdown on the Indian economy was visible on their pay as all three of them took a cut in their packages last fiscal.
Jindal, at the third position with a Rs 54.98-crore package, took a cut of 25 per cent in his Rs 73.42-crore remuneration of 2011-12. The Marans took a marginal cut of 1 per cent in their packages.
The top-paid list has been dominated by the Marans and Jindal in the last four years, who have shared the No. 1 spot twice among themselves — Marans (2009-10 and 2012-13) and Jindal (2010-11 and 2011-12).
Aditya Birla group chairman Kumar Mangalam Birla, who was paid Rs 49.62 crore by his five listed firms together, was at the fourth position.
Hero MotoCorp’s father-son trio, Brijmohan Lall Munjal (Rs 32.72 crore), Pawan Munjal (Rs 32.80 crore) and Sunil Kant Munjal (Rs 31.51 crore), occupy the next three positions.
The collective pay of the 10 top-paid executives rose only Rs 15 crore, or 4 per cent, to Rs 402 crore last fiscal, reflecting the downturn in the economy. The pay packages include salary, perquisites, commissions, profit-linked incentives and other benefits.
The data have been taken from the annual reports of the companies published.
Ramco Cements’ (formerly Madras Cements) P.R.R. Rajha (Rs 30.96 crore) was ranked eighth, followed by Maruti Suzuki’s former managing director Shinzo Nakanishi (Rs 30.90 crore) and Divi’s Labs Murali K. Divi (Rs 26.46 crore).
Mukesh Ambani, once the country’s highest-paid executive, is at the 16th position with a remuneration of Rs 15 crore, which has remained unchanged for the fifth consecutive year.