2024’s Top 5 Highest Paid Executives Featuring Abhay Bhutada and Industry Leaders.pdf

In 2024, the landscape of India’s top-paid executives experienced notable changes, with a mix of familiar leaders and new names emerging. For investors, understanding the earnings of these industry leaders offers valuable insights into how top talent is compensated and valued within the corporate world. This presentation highlights the top five highest-paid executives of 2024 and examines how their leadership has continued to drive the growth and success of their respective companies.

1. 2024’s Top 5 Highest Paid Executives
Featuring Abhay Bhutada and Industry
Leaders

2. Introduction
●2024 saw notable shifts in the top-paid
executives of India.
●Tracking executive earnings offers insight into
talent valuation and corporate leadership
trends.
●This presentation explores the top five
highest-paid executives in India and their impact
on the companies they lead.

3. Abhay Bhutada –
Setting New
Benchmarks
Compensation:
●Former Managing Director of Poonawalla Fincorp.
●Record-breaking salary: INR 241 crore in FY24 (includes
stock options).
●Highest ever for a publicly listed company in India,
surpassing A.M. Naik’s record.
Impact:
●Led Poonawalla Fincorp’s growth: Assets under
management exceeding INR 25,000 crore, Profit after
tax over INR 1,000 crore in FY24.
●Post-departure: Strategic advisor to Cyrus Poonawalla
Group.
●Founder and Chairman of the Abhay Bhutada
Foundation – supports underprivileged children

4. N Chandrasekaran
– A Strong Force
Behind Tata Sons
Compensation:
●Executive Chairperson, Tata Sons.
●Total earnings: INR 135.3 crore in FY24 (includes INR
121.5 crore as commission).
Leadership:
●Known for driving consistent growth and strategic
direction at Tata Sons.
●A key example of the role of strong leadership in
maintaining a company’s growth trajectory.

5. Thierry Delaporte –
Leading the IT
Sector at Wipro
Compensation:
●Former CEO, Wipro.
●Total earnings: INR 167 crore in FY24.
○INR 32 crore in salary.
○INR 37.5 crore as commission.
○INR 58 crore in other payments.
Impact:
●Wipro stock value increased by 121.43% during his
tenure.
●Highest-paid CEO in India’s IT sector.
●Compensation highlights the importance of long-term
stock options and severance packages.

6. Pawan Munjal –
Steady Leadership
at Hero MotoCorp
Compensation:
●Executive Chairman, Hero MotoCorp.
●Total earnings: INR 109.41 crore in FY24.
Noteworthy Decision:
●Voluntarily reduced salary and commission by 20% to
meet shareholder expectations.
Leadership & Governance:
●Advocated for separating chairman and CEO roles,
reflecting a forward-thinking approach to corporate
governance.
●Salary reduction showcases commitment to long-term
sustainability and shareholder satisfaction.

7. Rajeev Jain –
Leading the Way at
Bajaj Finance
Compensation:
●Managing Director, Bajaj Finance.
●Total earnings: INR 101.4 crore in FY24.
○INR 52.22 crore from equity shares.
○INR 29.2 crore from share-based compensation.
Significance:
●Highest-paid executive among Nifty50 companies.
●Compensation structure reflects a trend of rewarding
performance-based incentives.
●Aligning pay with performance is becoming a global
practice in executive compensation.

8. Conclusion
●2024 witnessed executive compensation trends favoring
stock options and performance-based pay.
●Abhay Bhutada set a new benchmark, reflecting the
growing rewards for strategic impact.
●Understanding how top executives are compensated
offers valuable insights for investors on corporate health
and leadership.