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B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 The Highest Paid Executives ow do top salaries fare in an era of conspicuous corruption? they are getting fatter, thank you. Ministers get cuts. ceos get hikes; naveen Jindal, who has emerged at the top spot this year with a salary of `69.75 crore, got `48.63 crore last year. that’s a hike of 43 per cent. Jindal was no. 5 in 2009. He replaces anil ambani, who has moved out of the ethereal regions. Brother Mukesh ambani has also slipped a trifle from 19 to 21 because of a reduction in commission paid. Kalanithi Maran and Kavery Maran of sun tv are still no. 2 and 3, albeit with the same `37 crore pay packet. the Honda quartet hogs four places in the top 10. that may not be for long; the Japanese are now selling out to the Munjals and their two directors may not be on the list for much longer. it should help the company; the amount the two were paid would have bought some 10,000 Hero Honda Hunks. looking at people at the very top may give a slightly misleading picture of austerity in adversity; salaries last year were decided in the shadow of the economic crisis. But the overall sample shows there has been considerable growth. last year, there were 1,000 executives with a remuneration of above `1 crore. this year, the number has risen to 1,149. that’s a 15 per cent jump. the average salary in 2009 was `1.32 crore. this year, it has gone up to `1.44 crore. who’s looking up? in 2010, infosys had 144 employees with a salary higher than `50 lakh, up from 84 employees in 2009. who’s looking down? Kingfisher airlines’ number of employees in this category has dropped from 338 to 304. in absolute numbers, of H course, the folks at KingfishTOP 10 REMUNERATION er are high fliers compared Name u Company Remuneration to infosys. Naveen Jindal u Jindal Steel 6,975.71 the examiners of salu Sun TV Kalanithi Maran 3,708.00 ary structures – the hr conKavery Maran u Sun TV 3,708.00 sultancy and outsourcing 3,088.12 firms – are singularly up- Pawan Munjal u Hero Honda 3,063.84 beat about india. these are Brijmohan Lall Munjal u Hero Honda the organisations that look Toshiaki Nakagawa u Hero Honda 3,003.36 at the salary increases of the Sumihisa Fukuda u Hero Honda 2,991.50 rank and file of the highest Onkar S. Kanwar u Apollo Tyres 2,969.50 paid and those who don’t Pankaj Patel u Cadila 2,863.00 make the grade. at the top 2,846.72 level, salaries don’t matter K.M. Birla u Aditya Birla Group (` lakh) much; it’s the commission that makes all the difference. for instance, Kumar Mangalam Birla – no. 10 on our list this year – has a commission of `28.45 crore. His salary is just `1.4 lakh. for the record, there were 552 persons on the list eligible for commission this year out of our total list of 3,237. what do the salary surveys say? the salary increase in india was projected at 10 per cent plus in 2010, well above China and amongst the highest in the world. it is likely to beat the projections as the economy has moved to top gear and many companies have gone in for mid-year pay reviews. attrition is back as a big problem; the rewards tap has been turned on again; and hiring is up. india has emerged at the top of a Manpower survey of the best country for new jobs in 2011. there is other evidence of this acceleration. new metrics are being launched. in May this year, online employment solutions company of TeamLease. “A standalone engineering degree from a good institution holds significantly more value as compared to an Arts or Science degree or an mba degree from a Tier II or III institute,” adds Sudarshan. However, both agree that this will change. What are the functional areas within the company that are the best breeding grounds for leaders? To some extent, it depends on the company. Today, finance is in. Some 40 per cent of the top ceos in the UK and 25 per cent in the US have some financial background. At iim-c this year, 91 per cent of the batch are engineers. Going by past trends, at least one-third will take up finance jobs. That’s where the money is. And tomorrow, the power. u Route to the top he easiest way to reach the top is to have a papa who is already there. In India, family businesses account for around 95 per cent of all companies and it is still very natural for the son to step into his father’s shoes. But professionals need a different approach. If you look at education, there are clear winners. According to a study by ema Partners, a global executive search firm, engineering is by far the best route to the top. ema surveyed the top 200 companies in India spread across the private sector-public sector-multinational-unlisted spectrum. “Amongst the engineers, it’s the iits,” says K. Sudarshan, ema managing partner India. iits clock in with 16 per cent of the ceos. Another 15 per cent are non-iit engineers. T But the iims have the lead otherwise. Some 33 per cent of ceos are iim alumni. Eight per cent of the iitians also have iim degrees. Another relevant combination is the B.Com-ca. They account for about 12 per cent of the sample. There are no other big-time disciplines. The sciences are 3 per cent, economics and ba 3 per cent apiece, and law 2 per cent. And there are the occasional zoology honours and post graduates in philosophy. Twenty-five per cent of the sample has studied abroad, mainly from the US. The firm favourites are Harvard and Wharton. What makes engineering tick? “It’s related to the mindset that top brains go in for engineering,” says Manish Sabharwal u 55 u u The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 Monster flagged off its india employment index. “this is a measure of labour deNaveen Jindal u Jindal Steel 6,975.71 mand,” says sanjay Modi, Kalanithi Maran u Sun TV 3,708.00 regional managing director Kavery Maran u Sun TV 3,708.00 of monster.com. the index Pankaj Patel u Cadila 2,863.00 shows that job opportuSunil Bharti Mittal u Bharti Airtel 2,348.84 nities in november 2010 exceeded november 2009 Sajjan Jindal u JSW Group 1,927.31 by 26 per cent. last year, D. Bhattacharya u Hindalco 1,714.34 naukri.com had launched Rick Bott u Cairn (I) 1,647.44 a similar index Jobspeak. it Rahul Dhir u Cairn (I) 1,356.27 too is very bullish. MeanJeya Kumar u Patni 1,219.15 while, the Ma foi randstad (` lakh) employment trends survey says 739,064 organised sector jobs were created between January and september 2010 and 394,700 more jobs will be added in this quarter. “we expect aggressive hiring and an increase in salary levels,” says Ma foi randstad’s managing director K. pandia rajan. there are two views on salary levels. one school of thought holds that indian salaries are way below global standards. according to The Wall Street Journal, the highest paid executive in the us in 2009 was Gregory B. Maffei of liberty Media, who took home $87.1 million (including stock options). this translates to `393 crore compared to Jindal’s `69 crore. there is such a gap at junior levels too, but it is narrowing. “salaries at the top level in india have gone much further ahead than what growth would warrant. it’s just the shortage of Name u Company Salary TOP 10 SALARIES talent and manpower. the biggest indicator of this is that at these salaries, you have expats willing to move to india,” says Manish sabharwal, chairman of staffing services firm teamlease services. re HiGHer salaries a cure for corruption – a key question in an age when even icons stand tainted? the answer lies not in this list of the highest paid, but with those who should have been on it – the top bureaucrats, babus and politicians. these folks are the backbone of corruption in this country. the solution lies with them. How much do bureaucrats actually earn? according to Business India’s estimates, a Cabinet secretary gets more than `8 lakh a month. His basic and dearness allowance (da) is `1.35 lakh. He gets a car, driver and unlimited petrol; medical allowance for himself and his dependents; unlimited communications facilities; and leave travel allowance (lta). But the real perks of the job come by way of official accommodation. He is entitled to type Viii accommodation, which means a twostory bungalow spread over 1-2 acres in delhi’s plush lutyen’s zone. the monthly market rent is above `4 lakh, though the bureaucrat pays a pittance. the bungalow also has 10-12 single-room tenements to accommodate drivers, gardeners, cooks and maids, all of whom are paid by the government, of course. on top of this there is provident fund (pf), gratuity and an indexed pension, which “One clear mismatch at the top level is lack of global experience because most Indian executives have not run trans-global operations and that is why we are finding that a lot of expats are being brought in,” adds Manish Sabharwal of TeamLease. Indian companies, he adds, also have a very siloed approach and there is not enough job rotation. According to him there is no company in India that has managed its leadership pipeline or even thought about it like ge or p&g have done. “In the next 15-20 years, the biggest constraint for Indian companies will not be around demand or finance or regulatory policies. It will be their people supply chain,” he says. u a Matchmaker, matchmaker ndia is expecting a huge demographic dividend from its young population. But equally huge is the challenge it faces when it comes to educating and training its workforce. As Som Mittal, president, nasscom, explains, “Much of this has to do with our education system which has not kept pace with the times by way of curriculum, research agenda, quality of faculty and so on.” Industry associations like nasscom, cii and others and also individual companies themselves have been taking various measures to bridge the talent mismatch. Mittal points out that the it industry alone spends $1 billion on skilling and re-skilling professionals, both at entry levels and higher up. The industry, he says, has adopted a mass model that uses both classrooms and technology. Mittal believes that technology should be used not just in the it industry but I across all sectors. “If you have to scale then it can’t be through physical training. It has to be through technology,” he says. But what about the capability mismatch at the middle and senior levels in India Inc. Has talent and leadership management at Indian companies kept pace with the country’s high growth and the needs of a fast-paced organisation? “No,” says Sudhakar Balakrishnan, ceo at hr solutions firm Adecco India. “Most organisations tend to move people internally without giving them adequate training or grooming to take on the larger responsibility.” He adds that when companies hire laterally, the mismatch comes by way of difference in culture and value systems. “When the wrong guy is put in a job, the company ends up losing people, losing business and losing growth.” u 56 u u B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 The Highest Paid Executives t’s not always about money. For some, it’s the desire to strike a work-life balance and see the stars and smell the flowers. For others, it’s the need to fulfil personal interests. Then there are those for whom a greater passion comes into play. The passion to make a difference in the lives of others. And with this, the corporate career with its big bucks loses its sheen. Unlike in the US where it is much more common for executives to switch out of corporate careers once they gain financial security, in India it has traditionally been very difficult to make ‘enough money’ to take this step. But now the tide seems to I Beyond fat paycheques be turning and at a faster pace. To name just a few in recent times: Jayant Sinha worked with biggies like McKinsey and hedge fund Courage Capital Management before moving to philanthropic investment firm Omidiyar Network. Ajay Kela moved from heading it firm Symphony Services to head the Wadhwani Foundation. Anurag Behar, former ceo of Wipro Infrastructure Engineering now co-heads the Azim Premji Foundation. Then of course there is Nandan Nilekani himself and his uid team which has a host of people from the corporate world. Sinha, whose compensation earlier was two to three times his Kela and Sinha current one, says that Omidyar Network allows him to combine his passion for public service with his investment skills and experience. “We have all been wonderfully blessed in terms of family, opportunities, education and financial resources. If people like us do not give back to the country, who will?” Adds Kela, who also took a ‘significant cut’ in salary, “The problems of the social sector are far more challenging and demand much greater scale than building most billion dollar organisations. It is this opportunity to bring innovative business models that leverage market forces or channel government resources to address the problem at scale that attracted me to this sector.” Behar is “thrilled with the switch”. “This is always what I wanted to do,” he says. It may be too early to ask these new converts about any second thoughts but ask the husbandwife duo Swati Ramanathan, an architect, and ex-citibanker Ramesh who started their own ngo Janaagraha in Bangalore a decade ago and pat comes their reply, “Not for a moment. It’s been a tough but very satisfying u journey. No regrets.” is 50 per cent of the last basic pay drawn. “if you take the cost to government, salary is only around 25 per cent,” says sabharwal. if we similarly add up the numbers for the other babus, a secretary would clock in at `7.5 lakh and an additional secretary at `6 lakh. psu chiefs, often regarded as the poor cousins of their private sector counterparts, live in the lap of luxury because of the perks. Many of these gentlemen would make it to the one-crore-plus range in our tables. But they still have very little cash in hand. Business India has always contended that if you pay our bureaucrats well, they will not be tempted to stray from the straight and narrow. not everybody agrees. sabharwal says that much of the remuneration disparities with the private sector have gone after the sixth pay Commission. (this may not be the case with Class i and Class ii employees.) “trying to rein in corruption by raising compensation and enlarging the pool of beneficiaries is like trying to control a raging bull by holding its tail. experience shows that whatever the levels of pay, the inclination towards corruption does not get diluted since underpayment is more a perception than a fact,” says n. Balasubramanian, visiting professor at iim Bangalore and iim ahmedabad. s alary and Honesty are not connected,” adds sudhakar Balakrishnan, ceo of hr solutions firm adecco india. not true, argues M.V. rajeev Gowda, profesTOP 10 COMMISSIONS sor of economics & social Name u Company Commission sciences at iimb. “paying ex- Pawan Munjal u Hero Honda 2,950.00 ecutives substantial salaries Brijmohan Lall Munjal u Hero Honda 2,950.00 can certainly help them reToshiaki Nakagawa u Hero Honda 2,950.00 sist the temptation of cor2,950.00 ruption,” he feels. “this is Sumihisa Fukuda u Hero Honda 2,845.32 particularly important in K.M. Birla u Aditya Birla Group the public sector where top P.R.R. Rajha u Madras Cements 2,760.01 executives doing a fantastic Onkar S. Kanwar u Apollo Tyres 1,850.00 job are often paid salaries Vivek Jain u Gujarat Flurochem 1,761.37 tied to some government u Torrent Power Markand Bhatt 1,760.00 scale.” on another note, he E.Sudhir Reddy u IVRCL Infra 1,668.40 adds, “if we paid our politi(` lakh) cal leaders really well, like singapore does (where mps’ and ministers’ salaries are tied to top executive salaries), some section of politicians will be able to maintain their integrity. open, transparent political funding and lobbying would also help clean up corruption overall.” transparency is needed elsewhere too. this year, as many as 294 firms refused to part with the annexure under section 217 2(a) of the Companies act, which mandates that the company publish details of any employee earning more than `24 lakh a year. (Business India had to source the data indirectly.) for Corporate india – now going to town about political and bureaucratic corruption – transparency should begin at home. u partHasaratHi swaMi and Meenu sHeKar (With inputs from raKesH JosHi) Profiles: anoop BaBani Data: raVi aGarwal u 57 u u The Highest Paid Executives Every day I get up and look through the Forbes list of the richest people in America. If I’m not there, I go to work. — Robert Orben, American magician and professional comedy writer u Sameer Gehlaut | 36 Chairman Indiabulls Financial Services `801.91 lakh ndia’s youngest selfmade billionaire and an iit Delhi graduate, Sameer Gehlaut founded Indiabulls in 2000 with two of his Punit Goenka | 36 MD and CEO Zee Entertainment Enterprises `333.58 lakh I batchmates. The company went public in 2004, moved into real estate with some big-ticket properties in Mumbai and subsequently ventured into power. In 2008, Gehlaut ranked 962 on Forbes’ list of the world’s billionaires. He loves playing squash. Limited (zeel) in 2008, replacing Pradeep Guha. A movie buff, Goenka scripted the reversal of fortunes at the group’s broadcasting arm within a short span. Open to ideas and suggestions from colleagues, Goenka is a ‘people’s person’ at zeel. He loves skiing. a B.S. in economics from Wharton Business School. Inducted into ril following their father’s death in the mid-1980s and Mukesh Ambani-loyalists, the Meswanis were at one time seen as the ‘second-most important pair of brothers in India Inc’, after Mukesh and Anil Ambani. u Anil B. Jain | 45 MD Jain Irrigation Systems `505.79 lakh nil B. Jain, who has headed the company since 1993, strongly advocates drip irrigation in paddy, pulses and oilseeds cultivation. The method, he asserts, maximises A u u Nitin Paranjpe | 47 MD and CEO Hindustan Unilever `407.63 lakh T itin Paranjpe cut his teeth at the fmcg giant. He joined hul as a management trainee in 1987 and worked his way across levels and functions over the next two decades, before taking over the top job in 2008. hul’s youngest managing director and ceo, Paranjpe is highly popular among his colleagues. He is an avid marathoner and squash player. N he eldest son of Essel group chairman Subhash Chandra, Punit Goenka took charge of Zee Entertainment Enterprises Hital Meswani | 40 ED Reliance Industries `1,114 lakh u H ital Meswani is extended family. Son of Dhirubhai Ambani’s nephew Rasiklal Meswani and brother of Nikhil Meswani, Hital graduated from University of Pennsylvania in chemical engineering and holds yields with lower water and electricity inputs. Recently, Jain gave lessons in micro-irrigation to visiting US President Barack Obama at an exposition held at St Xavier’s College, Mumbai, showcasing innovations and technologies that are transforming Indian agriculture. u 79 u u B U S I N E S S I N D I A u December 27, 2010–January 9, 2011 Turning the spotlight on… u Rajiv Lall | 53 MD and CEO IDFC `167.57 lakh u Pia Singh | 39 Wholetime Director DLF `322.54 lakh H ailing from a family of bureaucrats, Rajiv Lall has studied at Oxford and Columbia (doctorate). Conversant in French, he can understand Spanish and Mandarin as well. A former partner at Warburg Pincus, based in New York, and an executive director with Morgan Stanley, Lall has A also worked at the World Bank. According to Forbes India, “He is always proud to tell you that he doesn’t play golf.” Wharton school graduate and daughter of real estate mogul K.P. Singh, Pia Singh drives dlf’s retail business, pushing the conglomerate’s expansion into shopping centres and upmarket luxury malls, which house the who’s who of global brands. A cinema buff and armed with a course in film-making from New York University, Singh also heads dlf’s multiplex business, the Digital Talkies Cinema. u Kiran Mazumdar-Shaw | 57 CMD Biocon `140.40 lakh u rmed with experience in malting and brewing and a princely sum of `10,000, Kiran Mazumdar-Shaw founded Biocon in 1978 as a garage operation, and has transformed it into an integrated bio-pharmaceutical c omp a ny. Recipient of the Padma Shri (1989) and Padma Bhushan (2005), she has featured on the power lists of Time, Forbes and Financial Times. She loves collecting paintings and art, and has authored Ale & Arty: The Story of Beer. A Ramesh Ramanathan | 55 MD Mahindra Holidays & Resorts India `228.20 lakh R amesh Ramanathan is virtually hooked on holidays – devising stress-busting and exciting vacations for his customers and creating newer destinations like Munnar, which the company put N. Chandrasekaran | 47 MD and CEO TCS `297.82 lakh on the country’s tourist circuit by building its first resort way back in 1997. An iim Calcutta alumnus, Ramanathan is among the pioneers of the vacationownership industry and has anchored the company to be a leading player in the leisure hospitality business. He is passionate about Carnatic music and paintings. right after completing his mca from rec, Trichy, and ended in November 2009, when he moved into the top seat after the retirement of his mentor, S. Ramadorai. At his age, Chandrasekaran has years to go before he completes his marathon at tcs, in the tradition of his predecessors. u A passionate long-distance runner, Chandrasekaran has finished marathons in Mumbai, New York, Prague, Stockholm and Vienna. His race at tcs began in 1987, u 80 u u B U S I N E S S I N D I A u December 27, 2010–January 9, 2011 Business India takes a look at some of the individuals who made it to the list u B.K. Goenka | 50 Chairman and MD Welspun Group `257.30 lakh u Nandini Piramal | 29 ED Piramal Healthcare `136.24 lakh H ailing from a family of foodgrain traders in Hisar, B.K. Goenka always wanted to do “something different”. So he spun the terry-towels-to-pipes-andsteel success story. Passionate about vintage cars, Goenka believes that entrepreneurs need to be dreamers. His own dream: to beKoushik Chatterjee | 42 Group CFO Tata Steel `137.25 lakh come a global home textiles and large-pipes player. Wife Dipali, a Kathak exponent, manages the group’s retail arm, Welspun Retail, and likens Kathak to meditation. N.B. Godrej | 58 MD Godrej Industries `241.34 lakh aughter of Ajay and Swati Piramal, Nandini Piramal is a graduate from Hertford College, Oxford University and an mba from Stanford. Prior to joining the family business, she had a brief stint with McKinsey & Co. Thereafter, she managed the company’s operations D in the UK and Canada. She is closely involved with a rural drinking water project, Sarvajal, in Rajasthan with her husband Peter D’Young. u u u Kushagra Bajaj | 33 Joint MD Bajaj Hindusthan `284.45 lakh Muthuraman, former managing director, Tata Steel, called him the “hottest young executive in India”. A chartered accountant, Koushik Chatterjee is busy raising big money to help his company become a dominant global player. That means less time to teach, which he did at xlri while at Jamshedpur. “It kindled my energy levels and was a less explicit part of my empowerment at Tata Steel,” Chatterjee once said. B N adir Godrej’s educational credentials are impeccable – a B.S. in chemical engineering from mit, an M.S. from Stanford and an mba from Harvard! His active interest in research has resulted in several patents for the group in agricultural chemicals and surfactants. He speaks six languages, including Russian and his favourite, French, and loves to combine business with poetry. Sample this: “The economy fell in a pit/And lingered there for quite a bit/Since March it started on a stroll/And now we know it’s on a roll.” T hough US-educated, Kushagra Bajaj hails from one of the country’s best-known and oldest business families, it was a bitter family feud that brought him under the arclights. Married to Kumar Mangalam Birla’s sister, Vasavdatta, this ‘sultan of sugar’ took charge of Bajaj Hindusthan when he was just 25 and transformed it into India’s largest sugar and ethanol-making company. These days, Bajaj, who captained his school rugby team, dabbles in spirituality. u 81 u u The Highest Paid Executives The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself. — John Kenneth Galbraith u Carl-Peter Forster | 55 MD and Group CEO Tata Motors `418.8 lakh utomobiles is not something that Carl-Peter Forster has studied at universities; he mastered it on the assembly lines. Holding degrees in econoMadhu Kannan | 37 MD and CEO BSE `161.59 lakh A mics from Bonn University and in aviation and space technology from Munich University of Technology, Forster spent almost a quarter century at global biggies, bmw and General Motors, before he took up a driving seat at Tata Motors on 1 April 2010. strategy) with Bank of America Merrill Lynch in New York, and has worked with NYSE Euronext in various positions. That should certainly assist him in galvanising the BSE , which has lost its sheen and is trailing behind its tech-savvy competitors. offers and dabbled in a quasi-entrepreneurial education venture for a while. In 1994, he quit to set up the country’s first school e-learning company. Today, Educomp’s content reaches almost 25,000 schools and more than 12 million students and teachers. u Dipak Gupta | 48 ED Kotak Mahindra Bank `281.30 lakh u u Ravi Uppal | 58 CEO and MD L&T Power `185.13 lakh he only surprise in the recent induction of Ravi Uppal on to l&t’s board was the time lag – it came 20 months after he first joined the conglomerate. Widely speculated to succeed present chairman A.M. Naik, Uppal studied at two of India’s premier institutions – iit Delhi and iim Ahmedabad. His global experience at abb and Volvo and his age are certainly on his side. T adhu Kannan is the youngest ever head of Asia’s oldest exchange. Prior to joining the bourse, he was managing director (corporate Shantanu Prakash | 45 Chairman and MD Educomp Solutions `311 lakh M u hantanu Prakash always wanted to be an entrepreneur. So, when the middle-class lad from Delhi graduated from iim Ahmedabad, he spurned many lucrative job S n electronics engineer and alumnus of iim Ahmedabad, Dipak Gupta joined the Kotak group in 1992 from af Ferguson’s Kolkata office. Perceived to be secondin-command, Gupta has largely guided the group’s foray into the banking arena. He has managed all the activities within the group at one time or another, and currently heads commercial banking and retail asset businesses, besides co-ordinating the groupwide hr function. A u 82 u u The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 1-92 Rank u Name | Designation 1 Naveen Jindal | VC & MD u In ` lakh Company Jindal Steel & Power Sun TV Sun TV Hero Honda Hero Honda Hero Honda Hero Honda Apollo Tyres Cadila Healthcare Aditya Birla Group Madras Cements Bharti Airtel Torrent Power JSW Group Gujarat Fluorochem IVRCL Infra Hindalco Cairn India* India Cements L&T Reliance Industries JK Group Amara Raja Batteries Cairn India Divi’s Labs Cipla Nava Bharat Ventures Patni Computers Nava Bharat Ventures HDIL Reliance Industries Reliance Industries Apollo Hospitals India Cements Dr. Reddy’s Labs Ranbaxy Labs ** Aban Offshore JK Cements BGR Energy Lupin Pharma JK Lakshmi Cements L&T Uflex Ltd L&T L&T Cipla Salary 6975.71 3708.00 3708.00 3088.12 3063.84 3003.36 2991.50 2969.50 2863.00 2846.72 2791.05 2348.84 2150.39 1927.31 1818.40 1818.20 1714.34 1647.44 1593.84 1529.71 1500.00 1444.53 1384.00 1356.27 1347.00 1287.11 1248.48 1219.15 1217.03 1200.00 1114.00 1114.00 1094.43 1075.58 1060.84 1012.21 979.21 964.00 924.69 910.60 880.21 869.81 864.75 864.71 860.41 852.53 Comm Rank u Name | Designation 47 Neeraj Kanwar | VC & MD u Company Apollo Tyres Peninsula Land DLF Crompton Greaves Cipla Shree Cement Shree Cement Indiabulls Financial Services Idea Cellular Wipro Deepak Fert & Petrochem L&T The Indian Hotels JK Tyres Ranbaxy Labs ** Dabur ITC Dabur JK Tyres Divi’s Labs Pidilite ICSA (I) Ratnamani Metals & Tubes Punj Lloyd L&T Torrent Power Piramal Healthcare Ipca Labs Sterlite Industries Vardhman Textiles JK Group Dr. Reddy’s Labs Dr. Reddy’s Labs UltraTech Cement Lupin Pharma HUL EIH L&T Siemens * L&T HCC Bajaj Auto HDIL HEG Infosys EIH Salary 832.50 831.84 831.71 827.87 811.39 804.55 804.20 801.91 794.30 786.97 781.75 776.16 765.84 761.92 761.80 737.73 734.87 733.16 730.46 730.00 725.14 713.32 708.14 704.57 698.68 687.13 686.77 683.00 667.82 656.84 653.70 644.85 644.67 643.00 639.70 637.60 633.59 633.40 633.36 632.20 611.50 611.21 600.00 597.62 589.71 584.36 Comm 615.00 550.00 400.00 827.87 700.00 550.00 550.00 2 u Kalanithi Maran | CMD 3 u Kavery Maran | Jt MD 4 u Pawan Munjal | MD & CEO 5 u Brijmohan Lall Munjal | Chairman 6 u Toshiaki Nakagawa | Jt MD 7 Sumihisa Fukuda | Director u 48 u Urvi A. Piramal | Chairperson 49 u T.C. Goyal | MD 2950.00 2950.00 2950.00 2950.00 1850.00 2845.32 2760.01 1760.00 1761.37 1668.40 50 u Gautam Thapar | Chairman 51 u M.K. Hamied | Jt MD 52 u B.G. Bangur | Chairman 53 H.M. Bangur | MD u 8 u Onkar S. Kanwar | CMD 9 u Pankaj Patel | CMD 10 u Kumar Mangalam Birla + | Chairman 11 u P.R. Ramasubrahmaneya Rajha | CMD 12 u Sunil Bharti Mittal | CMD 13 Markand Bhatt | WTD u 54 u Sameer Gehlaut | Chairman 55 u Sanjeev Aga | MD 56 u Azim H. Premji | CMD 57 u S.C. Mehta | VC & MD 58 u J.P. Nayak | WTD & President 59 Raymond N. Bickson | MD u 651.48 672.23 527.00 220.00 552.63 316.45 456.00 552.63 626.37 555.25 347.92 525.00 422.00 260.00 300.00 480.00 135.81 588.98 435.00 600.00 600.00 14 u Sajjan Jindal + | CMD 15 u Vivek Jain | MD 16 u E. Sudhir Reddy | CMD 17 u D. Bhattacharya | MD 18 Rick Bott + | ED & COO u 60 u Raghupati Singhania | VC & MD 61 u Atul Sobti | MD & CEO 62 u Sunil Duggal | CEO 63 u Y.C. Deveshwar | Chairman 64 P.D. Narang | Group Director u 19 u N. Srinivasan | VC & MD 20 u A.M. Naik | CMD 21 u Mukesh Ambani | CMD 22 u Bharat H. Singhania + | VC & MD 23 u Jaydev Galla | MD 24 u Rahul Dhir | MD & CEO 25 Murali Divi | CMD u 1011.00 1055.00 464.00 1227.63 1358.90 1253.00 1250.00 1076.63 1076.63 770.00 760.00 65 u Vikrampati Singhania | Dy MD 66 u N.V. Ramana | ED 67 u M.B. Parekh | MD 68 u G. Bala Reddy | CMD 69 u Prakash M. Sanghvi | CMD 70 u V.K. Kaushik | MD 71 u M.V. Kotwal | WTD & Sr EVP 72 u Sudhir Mehta | Chairman 73 u Ajay Piramal | Chairman 74 u Premchand Godha | MD 75 u Navin Agarwal | VC 76 S.P. Oswal | CMD u 26 u Amar Lulla | Jt MD 27 u D. Ashok | Chairman 28 u Jeya Kumar | CEO 29 u P. Trivikrama Prasad | MD 30 Rakesh Kumar Wadhawan | Chairman u 31 u Hital Meswani | ED 32 u Nikhil Meswani | ED 33 u Prathap C. Reddy | Chairman 34 u N. Ramachandran | ED 35 u K. Anji Reddy | Chairman 36 Malvinder Singh | Ex-MD & CEO u 77 u Hari Shankar Singhania + | Chairman 78 u K. Satish Reddy | MD & COO 79 u G.V. Prasad | VC & CEO 80 u S. Misra | MD 1000.00 886.75 700.00 785.88 700.00 675.00 527.00 300.00 527.00 527.00 750.00 81 u Kamal K. Sharma | MD 82 D. Sundaram | VC & CFO u 34.25 422.00 422.00 360.00 503.92 249.61 37 u Reji Abraham | MD 38 u Yadupati Singhania | MD & CEO 39 u B.G. Raghupathy | CMD 40 u Desh Bandhu Gupta | Chairman 41 Vinita Singhania | MD u 83 u L.R.L. Lambert | President 84 u K.V. Rangaswami | WTD & President 85 u Armin Bruck | MD & CEO 86 u V.K. Magapu | WTD & Sr EVP 87 Ajit Gulabchand | CMD u 42 u Y.M. Deosthalee | WTD & CFO 43 u Ashok Chaturvedi | CMD 44 u K. Venkataramanan | WTD & President 45 u R.N. Mukhija | WTD & President 46 u Y.K. Hamied | CMD 88 u Rahul Bajaj | Chairman 89 u Sarang Wadhawan | MD 90 u Ravi Jhunjhunwala | CMD 91 u N. Shiv Shankar | AVP & Delivery Head 92 u P.R.S. Oberoi | Chairman & CEO * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End; + Kumar Mangalam Birla Salary from Grasim, Hindalco & Aditya Birla Nuvo, Sajjan Jindal Salary from JSW Steel & JSW Energy, Rick Bott Includes bonus amt, Bharat H. Singhania Salary from JK Tyre & JK Lakshmi Cement, Hari Shankar Singhania Salary from JK Paper & JK Tyre u 58 u u The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 93-184 Rank u Name | Designation 93 Pramod Chaudhari | Chairman u In ` lakh Company Praj Industries Torrent Pharma JSL* GE Shipping DLF Peninsula Land Godrej Consumer Jubilant Organosys DLF Oil Country Tubular Jubilant Organosys HUL Nagarjuna Construction Federal-Mogul Goetze India Cairn India* Electrosteel Group United Phosphorus JK Papers Nestle ** Peninsula Land Wyeth $ Gujarat Fluoro Group Jain Irrigation DLF Godrej Consumer JBF Industries Divi’s Labs Triveni Engg & Inds * Bayer CropScience P&G Hygiene & Health # GTL Britannia Inds United Spirits HBL Power Systems Jain Irrigation Bharat Forge Bharti Airtel Aditya Birla Nuvo Peninsula Land Hindustan Dorr-Oliver Godrej Consumer Blue Star Lakshmi Machine Works EIH Bannari Amman Sugars Jyothy Labs Salary 581.30 579.20 577.54 572.72 568.19 566.69 564.84 544.49 543.17 541.22 540.83 534.06 532.60 528.64 527.57 523.71 522.55 521.47 521.02 520.54 516.99 509.05 505.79 500.66 500.17 490.75 485.00 482.83 478.95 475.15 471.93 466.30 465.36 458.54 456.13 455.90 452.76 452.25 450.40 447.74 447.57 445.91 445.52 444.68 442.35 440.08 Comm 279.00 300.00 362.25 175.00 350.00 300.00 400.00 496.10 300.00 323.16 Rank u Name | Designation 139 Shailendra K. Jain | WTD u Company Grasim Inds Apollo Hospitals Bajaj Electricals Titagarh Wagons Jyoti Structures Oil Country Tubular HDFC Pipavav Shipyard Crompton Greaves Essel Propack Siemens * Tata Motors Tata Steel Blue Star Lanco Infra Tata Motors Gujarat Ambuja Exports Bajaj Auto Tata Global Beverages GSK Consumer Healthcare Sterlite Technologies Jain Irrigation HUL The West Coast Paper Mills United Phosphorus GTL United Spirits Usha Martin TTK Prestige IL&FS Investment Unichem Mundra Port & SEZ CESC HDFC KEC Int’l SRF Taj GVK Hotels Infosys Godfrey Group Ratnamani Metals & Tubes Garden Silk Mills Strides Arcolab ** Aditya Birla Nuvo Bajaj Auto Ansal API Castrol ** Salary 439.07 437.77 434.83 433.67 433.10 432.98 432.73 430.40 428.34 427.34 427.11 426.92 423.10 419.50 419.40 418.80 416.83 415.96 415.88 413.22 408.60 408.47 407.63 405.05 404.38 396.99 396.48 393.87 392.62 389.02 388.43 386.31 385.70 385.60 384.80 383.09 376.12 375.90 375.66 374.59 369.95 369.61 368.82 367.76 364.57 363.40 Comm 94 u Samir Mehta | MD 95 u Ratan Jindal + | VC & MD 96 u Bharat K. Sheth | Dy CMD 97 u Kameshwar Swarup | ED 98 u Mahesh Gupta | Group MD 99 u Adi Godrej | Chairman 100 u Shyam S. Bhartia | CMD 101 u Rajiv Singh | VC 102 u K. Suryanarayana | Chairman 103 u Hari S. Bhartia | Co-chairman & MD 104 u Anil Gopalan | RCVP 105 A.A.V. Ranga Raju | MD u 140 u Preetha Reddy | MD 141 u Shekhar Bajaj | CMD 142 u J.P. Chowdhary | Chairman 143 u K.R. Thakur | WTD 144 u Sridhar Kamineni | MD 145 u Deepak Parekh | Chairman 146 u Bhavesh Gandhi | VC 147 u S.M. Trehan | MD 148 u Ashok Kumar Goel | VC & MD 149 u Sunil D. Mathur | ED & CFO 150 u Ravi Kant | VC 151 B. Muthuraman | VC u 417.05 318.80 390.29 187.65 184.00 350.00 300.00 261.41 106 u Jean de Montlaur | MD & President 107 u Indrajit Banerjee + | ED & CFO 108 u Mayank Kejriwal + | MD 109 u R.D. Shroff | CMD 110 Harsh Pati Singhania | MD u 152 u Suneel Advani | VC & MD 153 u G. Venkatesh Babu | MD 485.00 344.12 251.90 350.00 440.34 310.28 400.00 165.00 417.58 250.00 154 u Carl Peter Forster | MD & CEO 155 u Manish Gupta | MD 156 Madhur Bajaj | VC u 375.26 252.00 111 u Martial Rolland | WTD 112 u Rajeev A. Piramal | VC 113 u Ranga Iyer | MD 114 u D.K. Jain + | Chairman 115 u Anil B. Jain | MD 116 K.P. Singh | Chairman u 157 u P.T. Siganporia | MD 158 u Zubair Ahmed | MD 159 u Pravin Agarwal | WTD 160 u Ashok B. Jain | VC 161 u Nitin Paranjpe | MD & CEO 162 S.K. Bangur | CMD u 40.19 310.28 102.84 376.00 117 u Hoshedar Press | VC & WTD 118 u Bhagirath Arya | Chairman 119 u Kiran S. Divi | Director 120 u Dhruv Sawhney | CMD 121 u Stephan Gerlich | MD 122 u S. Khosla | MD 123 u Manoj Tirodkar | CMD 124 u Vinita Bali | MD 125 u V.K. Rekhi | MD 126 u A.J. Prasad | CMD 127 u Ajit B. Jain | Jt MD 128 B.N. Kalyani | CMD u 163 u Vikram R. Shroff | ED 164 u Sharat Chandra | President & COO 165 u S.D. Lalla | Jt President 166 u Rajeev Jhawar | MD 167 u T.T. Jagannathan | Chairman 168 u Archana Hingorani | CEO & ED 400.00 150.00 448.22 310.28 150.00 92.50 250.00 169 u Prakash A. Mody | CMD 170 u Ameet H. Desai | Ex-WTD 171 u Sanjiv Goenka | VC 172 u Keki Mistry | VC & CEO 173 u H.V. Goenka | Chairman 174 Arun B. Ram | Chairman u 300.83 345.55 165.71 382.50 223.50 384.00 180.00 129 u Manoj Kohli | CEO (Int’l) & Jt MD 130 u Rakesh Jain | MD 131 u Rajesh Jaggi | MD 132 u E. Sunil Reddy | MD 133 Dalip Sehgal | MD u 175 u G.V.K. Krishna Reddy | Chairman 176 u Eshan Joshi | AVP 177 u K.K. Modi + | CMD 178 u Jayanti M. Sanghvi | WTD 179 Praful A. Shah | CMD u 193.67 315.00 275.00 103.16 216.00 175.61 134 u Ashok Advani | Chairman 135 u D. Jayavarthanavelu | CMD 136 u S.S. Mukerji | VC 137 u S.V. Balasubramaniam | CMD 138 u P. Ramachandran | CMD 261.41 329.39 149.76 216.63 180 u Arun Kumar | VC & MD 181 u K.K. Maheshwari | Ex-WTD 182 u Rajiv Bajaj | MD 183 u Sushil Ansal | Chairman & WTD 184 u Naveen Kshatriya | VC * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End; + Ratan Jindal `433.47 lakh from Jindal Stainless FZE & `144.07 from Jindal Stainless UK, Indrajit Banerjee Includes ex-gratia amt, Mayank Kejriwal Salary from Electrosteel Castings & Lanco Inds, D.K. Jain Salary from Gujarat Fluorochem & Lumax Inds, K.K. Modi Salary from Godfrey Phillips & Indofill Organics u 60 u u u B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 The Highest Paid Executives In ` lakh 185-258 Company Consolidated Const Cons TCS HCC Parsvnath Developers Bajaj Auto HDFC Lanco Infra Kirloskar Engines JB Chem & Pharma JB Chem & Pharma JB Chem & Pharma Jain Irrigation Kirloskar Group GE Shipping Kirloskar Engines Gujarat Ambuja Exports Kirloskar Brothers Kirloskar Brothers Visaka Inds Raymond Blue Star Asian Paints HDFC Bank Sobha Developers HCL Info # United Breweries Tech Mahindra Tata Motors Siemens * Bayer CropScience Elder Pharma SREI Infra Finance Zee Entertainment Piramal Healthcare Lanco Infra Cosmo Films Vascon Engg Salary 362.65 361.63 361.30 360.79 359.86 359.54 359.50 355.46 354.80 354.80 354.80 354.04 353.19 352.87 352.64 348.60 347.06 346.66 343.44 343.01 342.55 341.94 340.87 340.51 340.37 338.76 338.20 337.16 336.67 336.61 336.01 334.95 333.58 330.96 330.50 330.08 330.00 2.96 150.00 99.30 240.00 285.50 228.70 150.00 250.00 128.00 128.00 128.00 310.28 250.00 150.00 250.00 307.03 250.00 202.05 316.66 205.50 Comm 113.94 250.00 2.40 Rank u Name | Designation 222 S. Sivaramakrishnan | MD u Rank u Name | Designation 185 R. Sarabeswar | Chairman & CEO u Company Consolidated Const Cons Lupin Pharma VST Inds HUL Electrosteel Castings Philips Electronics Shoppers Stop Spanco Tulip Telecom DLF Rajshree Sugars Bajaj Hindusthan * Sanghvi Movers Torrent Power Infosys Ambuja Cements ** Surya Pharma Surya Pharma Emami GTL Educomp Solutions Dalmia Cement Grindwell Norton Jindal Steel & Power Alok Inds Alok Inds Alok Inds Alok Inds Dalmia Cement Marico Aditya Birla Nuvo Graphite India Tata Steel Emco Bayer CropScience GTL TCS Salary 328.08 327.50 326.98 326.75 326.62 325.67 324.72 324.33 323.26 322.54 321.89 321.09 317.26 316.40 313.42 313.31 313.26 313.26 313.22 312.45 311.00 306.89 305.48 305.36 305.00 305.00 305.00 305.00 304.30 303.43 303.31 302.20 301.27 301.24 300.95 299.16 297.82 Comm 113.94 186 u S. Ramadorai | VC 187 u K.G. Tendulkar | Dy MD 188 u Pradeep Kumar Jain | Chairman 189 u Tomotaka Ishikawa | Advisor 190 u Renu Sud Karnad | MD 191 L. Madhusudhan Rao | Chairman u 223 u Nilesh Gupta | ED 224 u Raymond S. Noronha | MD 225 u Gopal Vittal | ED 226 u Umang Kejriwal | MD 227 u C.J.M. Reuvers | CFO 228 Govind Shrikhande | Pres, CEO & ED u 41.69 285.00 192 u Gautam Kulkarni | Jt MD 193 u Dinesh B. Mody | WTD 194 u Jyotindra B. Mody | MD 195 u Shirish B. Mody | WTD 196 u Atul B. Jain | Director 197 u Atul C. Kirloskar + | CMD 198 u K.M. Sheth | Chairman 199 u Rahul C. Kirloskar | Director 200 u Vijay Kumar Gupta | CMD 201 u Sanjay Kirloskar | MD 202 u Vikram Kirloskar | ED 203 G. Vivekanand | MD u 229 u Kapil Puri | CMD 230 u H.S. Bedi | CMD 231 u Pia Singh | WTD 232 u Rajshree Pathy | Chairperson & MD 233 u Shishir Bajaj | CMD 234 u C.P. Sanghvi | CMD 235 u Murli Ranganathan | WTD 236 u T.V. Mohandas Pai | Director 237 u A.L. Kapur | MD 238 u Alka Goyal | ED 239 u Rajiv Goyal | MD 240 u R.S. Agarwal | Chairman 241 u Pinakin Gandhi | Group Head 242 u Shantanu Prakash | CMD 243 u J.H. Dalmia | VC 244 u A.Y. Mahajan | MD 245 u Vikrant Gujral | VC 246 u Ashok B. Jiwrajka | Chairman 247 u C.K. Bubna | ED 248 u Dilip B. Jiwrajka | MD 249 u Surendra B. Jiwrajka | Jt MD 250 u Y.H. Dalmia | VC 251 Harsh Mariwala | CMD u 125.00 171.40 175.00 133.00 60.00 200.00 200.00 250.00 204 u Gautam H. Singhania | CMD 205 u Satish Jamdar | MD 206 u P.M. Murty | MD & CEO 207 u Aditya Puri | MD 208 u J.C. Sharma | MD 209 Ajai Chowdhry | Chairman & CEO u 210 u K. Ganguly | MD 211 u Vineet Nayyar | VC & MD 212 u P.M. Telang | MD - India 213 u Patrick de Royer | Ex-ED 214 Jens Hartmann | Country Head u 250.00 215 u J. Saxena | CMD 216 u Saud Ibne Siddique | Jt MD 217 u Punit Goenka | MD 218 u Swati Piramal | WTD 219 u G. Bhaskara Rao | VC 220 u Ashok Jaipuria | CMD 221 u R. Vasudevan | MD 252 u Pranab Barua | WTD 253 u K.K. Bangur | Chairman 254 u H.M. Nerurkar | MD 255 u Rajesh S. Jain | Chairman 256 u Robert D. Stanton | Head 257 u Charudatta Naik | WTD 258 u N. Chandrasekaran | MD & CEO 300.00 200.00 218.75 200.00 * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End; + Atul C. Kirloskar Salary from Kirloskar Engines & Kirloskar Inds u 61 u u The Highest Paid Executives In ` lakh B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 259-350 Company Balkrishna Inds Bajaj Hindusthan * CESC Wipro Indiabulls Securities Bajaj Auto Dolphin Offshore Wipro Emco Federal-Mogul Goetze India Bharati Shipyard Bharati Shipyard Electrosteel Castings Allcargo Global Logistics ** HSIL Elecon Engg Videocon Inds * HCC Bajaj Hindusthan * ITC United Spirits Apollo Tyres Jindal Saw Kotak Mahindra Bank Supreme Inds JSW Steel Supreme Inds Bayer CropScience Bajaj Auto TCI Wockhardt Kotak Mahindra Bank Kingfisher Airlines Supreme Inds Nesco Apollo Hospitals Adani Enterprises Man Industries Nagarjuna Construction Nagarjuna Construction Infotech Enterprises Tata Chemicals HSIL The Indian Hume Pipe The Andhra Sugars Mahindra & Mahindra Salary 297.56 297.10 296.73 296.28 295.89 295.66 295.57 294.36 292.15 291.58 289.50 289.50 288.92 288.43 287.70 287.00 285.15 284.48 284.45 284.18 282.24 281.90 281.51 281.30 279.48 279.37 277.80 276.01 275.92 275.68 275.30 275.16 274.41 274.25 274.03 273.61 271.00 270.63 270.46 269.39 267.93 267.92 266.37 265.80 265.31 264.66 161.58 161.58 229.85 150.00 188.34 173.28 222.06 130.85 50.00 224.21 241.94 50.00 224.21 224.21 94.50 175.00 153.90 205.50 205.50 240.00 200.00 188.34 145.00 176.20 71.03 218.75 215.00 83.61 Comm 180.00 Rank u Name | Designation 305 Vivek Mohan | MD u In ` lakh Rank u Name | Designation 259 Arvind M. Poddar | VC & MD u Company Abbott India $ Nagarjuna Construction Pfizer $ Abhishek Inds Welspun Group HCC Alembic Prism Cement Subex Deccan Chronicle Holdings Ratnamani Metals & Tubes Deccan Chronicle Holdings Merck Ineos ABS ** Deccan Chronicle Holdings The Andhra Sugars Bharat Bijlee SKNL Bharat Bijlee Shree Cement Ashok Leyland Dolphin Offshore United Breweries Holdings Alembic HUL Lupin Pharma Firstsource Solutions Siemens * Bombay Rayon Fashions Garware Offshore IL&FS Transportation Bosch ** ITC Dolphin Offshore SKS Microfinance Navin Fluorine Int’l Lakshmi Machine Works KCP KCP Garden Silk Mills Infosys Infosys Bosch ** Godrej Inds Lakshmi Machine Works Bajaj Group Salary 263.58 259.66 259.57 257.33 257.30 255.51 255.48 255.00 254.69 254.10 253.92 253.60 253.42 253.19 253.05 252.16 251.77 251.39 251.30 250.66 250.57 250.30 250.23 249.84 249.67 249.21 249.02 249.00 248.47 248.15 247.67 247.32 246.61 245.94 244.86 244.22 243.33 243.31 243.31 243.05 242.65 242.36 242.13 241.34 241.14 241.10 Comm 260 u K.S. Vaidyanathan | Director 261 u Sumanta Banerjee | MD 262 u Suresh Vaswani | Jt CEO 263 u Divyesh B. Shah | CEO 264 u Andreas Funk | VP 265 Kirpal Singh | Chairman u 306 u A.V.N. Raju | WTD 307 u Kewal Handa | MD 308 u Rajinder Gupta | MD 309 u B.K. Goenka + | CMD 310 u Stuart Atiken | EVP 311 K. Srinivas | President u 161.58 17.33 172.30 266 u Suresh C. Senapaty | ED & CFO 267 u Shailesh S. Jain | VC 268 u Andreas W. Kolf | ED 269 u P.C. Kapoor | MD 270 u Vijay Kumar | MD 271 u Uddhav Kejriwal | WTD 272 u Shashi Kiran Shetty | CMD 273 u Rajendra K. Somany | CMD 274 u Prayasvin B. Patel | CMD 275 u K.R. Kim | CEO 276 Rajgopal J. Nogja | President u 312 u Vijay Aggarwal | MD 313 u Subhash Menon | CMD & CEO 314 u P.K. Iyer | VC 315 u Shanti M. Sanghvi | WTD 316 u T. Vinayak Ravi Reddy | VC 317 u M. Dziki | MD 318 u R.S. Agrawal | MD 319 u T. Venkattram Reddy | Chairman 320 u B.B. Ramaiah | MD 321 u Nikhil J. Danani | VC & MD 322 Nitin S. Kasliwal | VC & MD u 210.00 36.00 222.06 114.34 114.34 91.56 132.15 277 u Kushagra Bajaj | Jt MD 278 u Anup Singh | ED 279 u Ravi Nedungadi | President & CFO 280 u Satish Sharma | Chief - India Ops 281 u Sminu Jindal | MD 282 Dipak Gupta | ED u 323 u Nakul P. Mehta | VC & MD 324 u M.K. Singhi | ED 325 u R. Seshasayee | MD 326 u Satpal Singh | MD 327 u Anand Deepak | President 328 C.R. Amin | CMD u 283 u M.P. Taparia | MD 284 u M.V.S. Seshagiri Rao | Jt MD 285 u S.J. Taparia | ED 286 u Kaikobad B. Mistry | CFO 287 u Rakesh Sharma | CEO - Int’l Biz 288 D.P. Agarwal | VC & MD u 329 u James Richard Cowan | Manager 330 u Satish Khanna | Group President 331 u Ananda Mukerji | MD & CEO 332 u G. Harrison | Dy Electrical Site Manager 333 u Janardan Agrawal | Chairman 334 Ashok B. Garware | Chairman u 248.47 71.50 66.30 132.53 132.15 214.30 164.70 219.60 218.37 150.00 289 u Habil F. Khorakiwala | Chairman 290 u C. Jayaram | ED 291 u Hitesh Patel | EVP 292 u V.K. Taparia | ED 293 u Sumant Patel | CMD 294 u Suneeta Reddy | ED 295 u Rajesh S. Adani | MD 296 u R.C. Mansukhani | Chairman 297 u A.G.K. Raju | ED 298 u A.S.N. Raju | WTD 299 u B.V.R. Mohan Reddy | CMD 300 R. Mukundan | MD u 335 u K. Ramchand | MD 336 u Manfred Duernholz | Jt MD 337 u Krishnamoorthy Vaidyanath | ED 338 u Navpreet Singh | Jt MD 339 u Suresh Gurumani | CEO 340 u H.A. Mafatlal | Chairman 341 u Sanjay Jayavarthanavelu | WTD 342 u V.L. Dutt | CMD 343 u V.L. Indira Dutt | Jt MD 344 u Alok P. Shah | Jt MD 345 u V. Balakrishnan | CFO 346 u Srinath Batni | Director 347 u V.K. Viswanathan | MD 348 u N.B. Godrej | MD 349 u R. Venkatrangappan | WTD 350 u Sanjiv Bajaj + | MD 301 u Sandip Somany | Jt MD 302 u Rajas R. Doshi | CMD 303 u Mullapudi H. Prasad | CMD 304 u Anand Mahindra | VC & MD 116.11 164.70 162.00 * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End; + B.K. Goenka Salary from Welspun India & Welspun Corporation, Sanjiv Bajaj Salary from Bajaj Auto & Bajaj Financial Services u 62 u u The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 351-444 Rank u Name | Designation 351 Milind S. Korde | MD u In ` lakh Company Godrej Properties Consolidated Const Cons Tilaknagar Inds Tilaknagar Inds Kansai Nerolac Paints Koutons Retail IndusInd Bank Koutons Retail Koutons Retail Fortis Healthcare 3M India Ackruti City Finolex Cables Finolex Cables TCS Thomas Cook ** Spice Mobililty Blue Star Philips Electronics DCW DCW DCW HUL Eveready Hindustan Zinc ACC ** TVS Motor Co Jubilant Organosys Jyothy Labs Allcargo Global Logistics ** Bombay Dyeing Mfg Co Kirloskar Engines Tata Group Voltamp Transformers DCW GlaxoSmithKline Pharma ** Usha Martin Bajaj Electricals Jay Bharat Maruti Omaxe Bayer CropScience Subex The Indian Hotels Garware Offshore CEAT Prism Cement Salary 240.46 239.50 239.41 239.41 239.19 239.14 238.35 238.14 237.43 237.21 237.18 236.32 236.19 236.19 236.09 235.68 235.16 233.75 233.66 232.34 232.34 232.34 232.16 231.77 231.53 231.19 231.00 230.54 230.41 229.76 229.54 229.11 228.90 227.30 227.02 226.51 226.00 225.74 225.12 225.00 225.00 224.58 223.87 223.81 223.66 223.00 Comm Rank u Name | Designation 398 A.K. Chhatwani | Sr EVP u Company L&T Patel Engg Maruti Suzuki MRF * HUL Bannari Amman Sugars Infosys Visa Steel HUL Oracle Financial Services Alembic Sunflag Iron & Steel Jindal Steel & Power United Spirits MRF * Jindal Saw Sobha Developers Clariant Chemicals ** Man Inds Havells Praj Inds Piramal Healthcare Mahindra & Mahindra Panacea Biotec Apollo Tyres Sarda Energy & Minerals Wipro Godrej Inds United Spirits Visa Steel Ansal API BASF Ackruti City HUL Jaiprakash Associates Federal-Mogul Goetze India Kirloskar Electric Co Varun Shipping Co Infosys Dr. Reddy’s Labs Fresenius Kabi Oncology Siemens * Dalmia Cement Piramal Glass Pidilite Gayatri Projects Salary 222.82 222.72 222.58 222.34 222.08 221.98 221.47 221.18 220.81 220.43 219.84 219.60 218.66 218.27 217.93 217.57 217.45 217.09 216.00 215.88 214.50 213.18 212.85 212.64 212.29 211.90 211.77 211.45 211.36 211.04 210.24 210.11 210.09 210.06 209.98 209.96 209.39 209.08 208.25 208.15 206.47 206.38 206.24 206.19 206.13 205.68 205.50 Comm 352 u V.G. Janarthanam | Director 353 u Shivani A. Dahanukar | ED 354 u Amit Dahanukar | CMD 355 u H.M. Bharuka | MD 356 u D.P.S. Kohli | Chairman & WTD 357 Romesh Sobti | MD & CEO u 113.94 115.12 46.16 105.00 399 u Nimish R. Patel | WTD 400 u Shinzo Nakanishi | MD & CEO 401 u K.M. Philip | WTD 402 u Shrijeet Mishra | ED 403 u B. Saravanan | Jt MD 404 K. Muralikrishna | VP & Group Head u 51.00 358 u G.S. Sawhney | Dy MD 359 u B.S. Sawhney | MD 360 u Shivinder M. Singh | MD 361 u Ajay Nanavati | MD 362 u Hemant M. Shah | Chairman 363 P.P. Chhabria | Chairman u 405 u Vishambhar Saran | Chairman 406 u Dhaval J. Buch | ED 407 u N.R. Kothandaraman | MD & CEO 408 u M.C. Amin | WTD 409 u Ravi Bhushan Bhardwaj | VC & MD 100.00 100.00 150.00 410 Anand Goel | Jt MD u 46.58 28.85 128.78 364 u D.K. Chhabria | MD 365 u S. Mahalingam | ED & CFO 366 u Rakshit Desai | ED 367 u Kunal Ahooja | CEO 368 T.G.S. Babu | Dy MD u 411 u Ashok Capoor | Dy President 412 u K.M. Mammen | CMD 413 u Indresh Batra | MD 414 u P.N.C. Menon | Chairman 51.00 93.60 26.75 145.73 117.00 60.00 89.00 130.70 177.93 177.93 177.93 415 Heiner Meier | ED u 369 u Murali Sivaraman | VC & MD 370 u Bakul Jain | MD 371 u Pramod Kumar Jain | MD 372 u Shashi Chand Jain | CMD 373 u Vidur Behal | VP 374 u D. Khaitan | VC & MD 375 Mahendra Singh Mehta | WTD u 416 u J.C. Mansukhani | VC & MD 417 u Rajesh Kumar Gupta | Director 418 u Shashank Inamdar | MD & CEO 419 u N. Santhanam | ED & COO 421 u A.K. Nanda | Ex-ED 422 u Ravinder Jain | MD 423 u Gaurav Kumar | Group Head 231.00 108.32 175.00 150.00 224.00 126.27 177.93 150.41 208.53 101.82 424 u Kamal Kishore Sarda | CMD 425 u Girish S. Paranjpe | Jt CEO 426 u V.F. Banaji | WTD 427 u P.A. Murali | Dy President – CFO 428 u Vishal Agarwal | MD 429 u Pranav Ansal | VC & MD 430 u Hong Gi Choi | Sr GM 431 u Vyomesh M. Shah | MD 432 u A.K. Gupta | ED 433 u Manoj Gaur | Chairman 434 u Rustin R. Murdock | WTD & CFO 435 u Vijay R. Kirloskar | CMD 436 u Arun Mehta | CMD 437 u Chandra Shekar Kakal | SVP 438 Jaspal S. Bajwa | President u 420 u Edwin Lempers | Product Devp Manager HUL 376 u Sumit Banerjee | MD 377 u Venu Srinivasan | CMD 378 u R. Sankaraiah | ED 379 u K. Ullas Kamath | Dy MD 380 u Adarsh Hegde | ED 381 u P.V. Kuppuswamy | Ex-Jt MD 382 u R.R. Deshpande | ED 383 u Ratan Tata + | Chairman 384 u Ramesh Ramanathan | MD 385 u Kanubhai S. Patel | MD & CEO 386 u Vandana Jain | ED 387 u H.B. Joshipura | MD 388 u P. Bhattacharya | Jt MD 389 u Anant Bajaj | ED 390 u S.K. Arya | CMD 391 Rohtas Goel | CMD u 78.65 41.58 87.80 Mahindra Holidays & Resorts 228.20 392 u Kai-Uwe Brueggen | Head 393 u Sudeesh Yezhuvath | COO & WTD 394 u Poupon Yannick | COO 395 u Aditya A. Garware | VC & MD 396 u Paras K. Chowdhary | MD 397 Manoj Chhabra | MD u 439 u Satish B. Kulkarni | MD & CEO 440 u V.V. Paranjape | WTD 441 u Gautam Dalmia | MD 58.50 442 u Vijay Shah | MD 443 u N.K. Parekh | Jt MD 444 T.V. Sandeep Kumar Reddy | MD u 150.00 111.05 48.00 * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End; + Ratan Tata Salary from Tata Motors, TCS & The Indian Hotels u 64 u u B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 The Highest Paid Executives In ` lakh 445-500 Company TV Today Network Action Construction Equip Tata Chemicals Bata ** Titan Inds KEC Int’l Ambuja Cements ** McNally Bharat Engg GMR Infra Hindusthan National Glass Syngenta Dalmia Cement Hindustan Oil Exploration Balrampur Chini Mills Godrej Inds PVR HDFC Bank Voltamp Transformers Patel Engg Sobha Developers Sun Pharma Advanced HDFC Bank Punj Lloyd Pratibha Inds Jaiprakash Associates Dr. Reddy’s Labs Techno Electric & Engg Tata Chemicals Salary 205.14 204.40 204.38 203.33 203.13 203.01 202.50 202.27 202.20 201.54 201.02 200.42 200.19 199.85 199.78 199.68 199.65 199.57 199.32 199.19 199.15 198.42 197.83 197.47 197.01 196.70 196.63 196.17 122.90 100.00 115.00 126.27 90.00 150.00 72.96 110.00 28.41 100.00 Comm 205.14 Rank u Name | Designation 473 Pranav Bhardwaj | Jt MD u Rank u Name | Designation 445 Aroon Purie | CMD u Company Sunflag Iron & Steel ZF Steering Gear Zuari Inds Godrej Inds BASF HUL Voltas VST Inds Unitech Essar Oil & Gas Lupin Pharma HUL Adani Enterprises Garden Silk Mills Edelweiss HCC Tata Global Beverages Indo Rama Synthetics Balrampur Chini Mills MRF * Biocon Biocon HUL Crisil ** Balaji Telefilms Varun Inds United Breweries The Paper Products ** Salary 195.43 194.97 194.95 194.83 194.83 194.75 194.55 193.07 192.96 192.17 192.11 192.08 192.00 191.95 191.81 191.45 191.43 191.13 190.81 190.69 190.49 190.42 190.04 190.01 190.00 189.78 189.11 188.77 Comm 128.78 85.00 446 u Vijay Agarwal | CMD 447 u Kapil Mehan | ED 448 u Marcelo Villagran | MD 449 u Bhaskar Bhat | MD 450 u R.D. Chandak | MD 451 D. Atkinson | CFO u 474 u Dinesh Munot | MD 475 u H.S. Bawa | MD 476 u Tanya Dubash | ED & President 477 u Prasad Chandran | CMD 478 u R. Sridhar | ED 479 Ashok Soni | MD u 452 u Srinivash Singh | MD 453 u Parameswaran Sivalingam | CEO 454 u Mukul Somany | Jt MD 455 u P.K. Apte | President & MD 456 u Puneet Dalmia | MD 457 u Manish Maheshwari | Jt MD 458 u Meenakshi Sarogi | Jt MD 459 u P. Pusalkar | WTD 460 u Ajay Bijli | CMD 461 u Harish Engineer | ED 462 Kunjal L. Patel | VC & MD u 480 u N. Sai Sankar | Dy MD 481 u Ramesh Chandra | Chairman 482 u P. Sampath | Director 483 u Shakti Chakraborty | Group President 484 u S.C. Srinivasan | VP 485 u Gautam S. Adani | Chairman 486 u Suhail P. Shah | ED 487 u Rashesh Shah | Chairman & CEO 488 u Vinayak Deshpande | President & COO 489 u S. Talwar | WTD 490 O.P. Lohia | CMD u 50.00 125.00 90.00 90.00 45.00 463 u Silloo Y. Patel | WTD 464 u Ravi Menon | VC 465 u T. Rajamannar | WTD & EVP 466 u Paresh Sukthankar | ED 467 u Luv Chhabra | Director 468 u Ajit B. Kulkarni | MD 469 Sunil Kumar Sharma | VC u 491 u Vivek Sarogi | MD 492 u Arun Mammen | MD 493 u K.N. Murali Krishnan | President 494 u Arun Chandavarkar | COO 495 u Hakan Behlil | VP 496 u Roopa Kudva | MD & CEO 497 u Puneet Kinra | Group CEO 498 u Kiran N. Mehta | CMD 499 u Shekhar Ramamurthy | Dy President 500 u Suresh Gupta | MD & CEO 68.00 39.69 470 u Rajinder Kumar | President 471 u P.P. Gupta | MD 472 u P.K. Ghose | ED & CFO * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End AGM Assistant General Manager Asst Assistant AVP Assistant Vice President CCPO Chief Central Procurement Officer CE Chief Executive CEO Chief Executive Officer CFO Chief Financial Officer CGM Chief General Manager CIO Chief Information Officer CMD Chairman & Managing Director Comm Commission COO Chief Operating Officer CPAO Chief Public Affairs Officer CPO Chief People Officer CRO Chief Revenue Officer CSO Chief Strategy Officer CSOO Chief Sales & Operations Officer CTO Chief Technical Officer DGM Deputy General Manager Div Divisional Dy Deputy ED Executive Director Engg Engineer EVP Executive Vice President Exec Executive GC Group Controller Gen General GM General Manager HO Head Office HR Human Resources HRBP HR Business Partner Indep Independent Jt Joint MCE Mechanical Commissioning Engineer MD Managing Director MEO Managing Executive Officer Mgr Manager Pres President Proj Project RCO Regional Compliance Officer Reg Regional Sr Senior SVP Senior Vice President VC Vice Chairman VP Vice President WTD Whole Time Director SPIC Southern Petrochemical Ind Corp Ltd Welspun Corp Welspun Gujarat Stahl Rohren u 65 u u The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 501-650 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 501 | Bhupatrai G. Gandhi | Jt MD 502 | Manhar G. Gandhi | MD 503 | Pankaj Sachdeva | MD 504 | Prakash Shukla | SVP & CIO 505 | Purnandu Jain | CMD 506 | Vinod Dhawan | President 507 | Anil Kumar | Jt MD & CEO 508 | Sridhar Ramamurthy | CFO 509 | Rohit Modi | Dy MD 510 | Ashish B. Ram | MD 511 | K.V.L. Narayan Rao | CEO 512 | Alok B. Shriram | Dy MD 513 | Tilak Dhar | CMD 514 | B. Gopalan | ED 515 | R. Keswani | President 516 | Lalit Khaitan | CMD 517 | Vilas B. Parulekar | Ex-WTD 518 | V. Ravichandran | MD 519 | Ravi Uppal | CEO & MD 520 | Vinod K. Dasari | WTD & COO 521 | Manish Mohnot | ED 522 | Rakesh Makhija | MD 523 | S.N. Singh | ED 524 | M.L. Gupta | MD 525 | Vikram S. Oberoi | Jt MD 526 | Bharat Doshi | ED 527 | Shobhana Bhartia | Chairperson 528 | Amit B. Kalyani | ED 529 | Nitin Mandavkar | Group Head 530 | Glenn Saldanha | MD & CEO 531 | Arjun S. Oberoi | Jt MD 532 | Jag Mohan Khanna | ED 533 | G.K. Agarwal | Dy MD 534 | Chanda Kochhar | MD & CEO 535 | Praveen Sood | CFO 536 | A.B. Parekh | WTD 537 | Vineet Agarwal | ED 538 | Anita Goyal | EVP 539 | Maninder Bedi | ED 540 | R.K. Jena | MD 541 | Dinesh Oswal | MD 542 | Ravi Puravankara | CMD 543 | D.D. Jalan | WTD 544 | Sanjay Somany | MD 545 | Amit D. Patel | MD 546 | Rakesh Bamzai | President 547 | Aditya Khaitan | MD 548 | S. Pritmani | Regional Director 549 | Rahul A. Patel | MD 550 | Nirmal Jain | CMD Gandhi Special Tubes Gandhi Special Tubes Kalpataru Power The Indian Hotels Ankur Drugs Lupin Pharma Ansal API HUL Gammon India SRF NDTV DCM Shriram Inds DCM Shriram Inds Orchid Chem & Pharma EIH Radico Khaitan Siemens * Coromandel Int’l L&T Power Ashok Leyland Kalpataru Power SKF India ** Jubilant Organosys Everest Inds EIH Mahindra & Mahindra HT Media Bharat Forge GTL Glenmark Pharma EIH Jubilant Organosys Bharat Forge ICICI Bank HCC Pidilite Inds TCI Jet Airways Tulip Telecom Balasore Alloys Nahar Spinning Mills Puravankara Projects Sterlite Inds Sintex Inds Biocon McLeod Russel Voltas Sintex Inds India Infoline 188.53 188.53 188.35 188.23 188.16 188.01 187.95 187.64 187.57 187.57 187.20 187.20 187.20 186.66 186.50 186.29 185.60 185.17 185.13 184.84 184.71 184.52 184.27 183.98 183.82 183.81 183.77 183.30 183.12 182.82 182.82 182.07 181.98 181.82 181.78 181.62 180.89 180.34 180.27 180.22 180.10 179.52 179.30 178.72 178.58 178.41 178.40 178.18 178.13 551 | A.B. Sargunar Philip | COO-RPC 552 | T.K. Kurien | President 553 | C. Dutt | Director 554 | M. Eipe | ED & President 555 | T.V. Ramanathan | MD & CEO 556 | Alexius M. Josephus | CEO 557 | C.K. Birla + | Chairman 558 | Umesh Chowdhary | VC & MD 559 | A.P. Mehta | ED 560 | M.L. Pachisia | MD 561 | K. Raghavendra Rao | MD 562 | Sushil Kumar Wali | WTD 563 | Shailendra Chouksey | WTD 564 | O.P. Goyal | WTD 565 | Sudhakar Ram | CMD 566 | P.D. Mundhra | ED 567 | Vinod K. Nowal | Director & CEO 568 | P.M. Patel | MD 569 | T.M. Patel | ED 571 | G.N. Mehra | CMD 572 | Prasun K. Mukherjee | MD 573 | Gautam R. Morarka | CMD 574 | B.L. Taparia | Co Sec 575 | Ashok Goyal | MD 576 | Pradeep Tyle | Sr President 577 | Sanjay S. Lalbhai | CMD 578 | Subhash B. Dhar | SVP 579 | Arathi Shetty | ED 580 | Biplab Majumdar | VC & MD 581 | T. Rajgopal | VP 582 | Ajay Chandra | MD 583 | Sanjay Chandra | MD 584 | P.K. Choudhury | VC & CEO 585 | Gagan Banga | CEO 586 | M.S. Unnikrishnan | MD 587 | Sunil Makharia | EVP 588 | Vikram Limaye | WTD 589 | Vijay K. Sheth | Ex-VC & MD 590 | Gautam Adani | CMD 591 | Jayesh K. Shah | Director & CFO 592 | Murali M. Natrajan | MD & CEO 593 | Phiroz Vandrevala | ED 594 | R. Ramakrishnan | ED 595 | E. Tonolli | SVP 596 | Dinesh Nair | Jt MD 597 | Vivek Nair | VC & MD 598 | Rajiv Lall | MD & CEO 599 | Soshil Kumar Jain | Chairman 600 | Ajay Kaul | WTD & CEO u 66 u u United Spirits Wipro Torrent Pharma Godrej Inds Exide Inds Philips Electronics Orient Group Titagarh Wagons Castrol ** Orient Paper & Inds Orchid Chem & Pharma JK Lakshmi Cements JK Lakshmi Cements JK Papers Mastek # eClerx Services JSW Steel ABC Bearings ABC Bearings Savita Oil Tech Sesa Goa Dwarikesh Sugars * Ambuja Cements ** Phillips Carbon Black Uflex Arvind Mills Infosys ABB HUL Unitech Unitech ICRA Thermax Lupin Pharma IDFC Great Offshore Mundra Port & SEZ Arvind Mills Development Credit Bank TCS Bajaj Electricals Bata India ** Hotel Leelaventure Hotel Leelaventure IDFC Panacea Biotec Jubilant Foodworks 178.09 178.03 177.15 177.08 177.00 176.82 176.80 176.64 176.44 176.23 176.13 175.77 175.52 175.19 175.12 175.00 174.68 174.48 174.48 173.50 173.00 173.00 172.87 172.76 172.54 172.37 172.30 172.06 171.75 171.63 171.52 171.52 171.29 170.68 170.32 170.32 170.21 170.00 169.81 169.20 169.20 168.45 167.86 167.60 167.60 167.57 167.51 166.47 601 | Marco Magglorotto | Reg Brand Mgr HUL 602 | Naresh K. Nayyar | MD 603 | Abhijit Mukherjee | President 604 | Rajender Kamboj | President 605 | Jitendra Mamtora | CMD 606 | T. Venkatesan | WTD 607 | Rathindra Nath Basu | MD 608 | P. Bhambani | EVP 609 | Surinder P. Kanwar | CMD 610 | Arun Kumar Jagatramka | CMD 611 | U.B. Pravin Rao | SVP 612 | Kartikeya B. Ram | Dy MD 613 | Tsuneo Ohashi | Director & MEO 614 | Saumen Chakraborty | President 615 | Keiichi Asai | Director & MEO 616 | Shuji Oishi | Director & MEO 617 | Mukund Rajan | Ex-MD 618 | Giv K. Brantenberg | CTO 619 | T.T. Srinivasaraghavan | MD 620 | Joy Chakraborthy | CRO 621 | Rakesh Bhartia | CEO 622 | Madhu Kannan | MD & CEO 623 | C.R. Gupte | MD 624 | Edgar Heinrich | VP 625 | R.C. Maheshwari | Sr Manager 626 | R.V. Kanoria | CMD 627 | B.L. Jain | WTD 628 | N. Srinath | MD & CEO 629 | Michael V. Robin | Head 630 | Ravi Ramu | WTD 631 | Ravindra Kansal | President & CEO 632 | Arun V. Karambelkar | Group EVP 634 | Vineet Agrawal | President 635 | S. Ravichandran | MD 636 | Subhrakant Panda | MD 637 | Yuri Jain | VP 638 | Paul C. Birch | Group President 639 | S. Ramakrishnan | VP 640 | Atul Jain | President & CEO 641 | Jitendra Munot | Jt MD 642 | Naresh Takkar | MD 643 | Arvind Parakh | Director 644 | Madhavan Menon | MD 645 | B. Panda | Chairman 646 | Satinder Singh Rekhi | CMD 647 | D.S. Kulkarni | CMD 648 | B. Ramaswamy | MD & President 649 | Aditya Jain | Group EVP 650 | Marco Tombari | Project Director Essar Oil & Gas Dr. Reddy’s Labs Lupin Pharma Dalmia Cement Areva T&D ** Siemens * Bharat Gears Gujarat NRE Coke Infosys SRF Maruti Suzuki Dr. Reddy’s Labs Maruti Suzuki Maruti Suzuki Tata Teleservices Heidelberg Cements Sundaram Finance Zee Entertainment Bajaj Hindusthan * BSE Nocil Bajaj Auto Bajaj Auto Kanoria Chemicals Century Textiles Tata Communications Sesa Goa Puravankara Projects Punj Lloyd HCC Wipro TTK Prestige HUL Punj Lloyd Siemens * Punj Lloyd ZF Steering Gear ICRA JSL Thomas Cook ** R Systems Int’l ** D.S. Kulkarni Developers Sonata Software HCC Punj Lloyd 165.93 165.90 165.82 165.62 165.14 164.74 164.16 164.06 163.74 163.70 163.52 163.37 163.35 163.12 162.63 162.61 162.48 162.28 161.84 161.81 161.59 161.32 161.01 160.81 160.72 160.71 160.32 160.00 159.93 159.66 158.76 158.47 158.35 158.16 157.68 157.47 157.20 157.01 156.82 156.82 156.36 156.22 155.87 155.75 155.74 155.54 155.21 Transformers & Rectifiers (I) 165.23 570 | Digambar C. Bagde | Director & CEO Gammon India Allcargo Global Logistics ** 171.95 633 | Wolf-Ruediger Krahnert | Group Leader BASF Indiabulls Financial Services 170.70 Indian Metals & Ferro Alloys 157.82 Hindusthan National Glass 178.99 Indian Metals & Ferro Alloys 156.19 * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End; + C.K. Birla Salary from Orient Paper Inds & Hyderabad Inds The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 651-800 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 651 | Upinder Zutshi | MD 652 | Hemant Bakshi | ED 653 | Ninad Deshpanday | President 654 | Franz Zeller | SVP & COO 655 | Karan Thapar | Chairman 656 | Arun P. Patel | VC 657 | S.S. Lalbhai | CMD 658 | Kjell Bogvad | Director 659 | Sachin Chhabra | GM 660 | Shyamsundar Bang | ED 661 | P.K. Khurana | CMD 662 | Arun Gupta | Head 663 | P.M.S. Prasad | ED 664 | Dinesh B. Patel | Chairman 665 | Shaleen Sharma | MD 666 | M.S. Arora | MD 667 | Shikha Sharma | MD & CEO 668 | Pervez Umrigar | Ex-MD 669 | Jai Hiremath | VC & MD 670 | M.L. Soneji | COO 671 | Dilip S. Shanghvi | CMD 672 | B.S. Nagesh | VC 673 | Ashok P. Hinduja | Chairman 674 | Tulsi R. Tanti | CMD 675 | Sudhir V. Valia | WTD 676 | Amrit Thomas | EVP 677 | Pratik Kumar | EVP 678 | Lewis W.S. Fellow | CFO 679 | A.K. Chandaria | MD 680 | R.K. Chandaria | VC & MD 681 | Anand Agarwal | WTD & CEO 682 | Abhishek Khaitan | MD 683 | S.S.H. Rehman | WTD 684 | Manish Tiwary | VP 685 | Michael Jansen | LBU Manager 686 | Venkat Ramaswamy | WTD 687 | Isacsson Goran | Head 688 | R.N. Mutreja | Head 689 | Dieter Polaski | Plant Manager 690 | Baijayant Panda | VC 691 | Yogesh C. Munjal | MD 692 | Rajiv C. Mody | CMD 693 | Rajeeva R. Sinha | WTD 694 | R. Kriplani | COO 695 | Debjit Rudra | VP 696 | R.C. Surana | ED & CEO 697 | K.G. Mohan | VP 698 | D.N. Sehgal | ED 699 | R.K. Bahri | ED 700 | Kamal Oswal | VC & MD Infinite HUL Lupin Pharma The Indian Hotels Greaves Cotton # Sintex Inds Atul SKF India ** HUL Jubilant Organosys Everest Kanto Cylinders GTL Reliance Inds Sintex Inds Gujarat Gas Zenith Birla (I) Axis Bank Gammon Infra Hikal BSE Sun Pharma Shoppers Stop Hinduja Ventures Suzlon Energy Sun Pharma United Spirits Wipro Xerox India Aegis Logistics Aegis Logistics Sterlite Technologies Radico Khaitan ITC HUL ABB Edelweiss ABB HUL 154.75 154.53 154.51 154.31 154.30 154.18 154.05 154.01 153.92 153.79 153.44 153.38 153.00 152.93 152.73 152.52 152.17 151.43 151.00 150.47 150.32 150.20 150.00 150.00 149.89 149.76 149.72 149.53 149.51 149.50 149.48 149.47 149.35 149.22 149.07 148.59 148.42 147.97 701 | G.I.K. Reddy | MD 702 | Ravi K. Sheth | ED 703 | S. Malekar | ED 704 | Shaukat Ali Mir | EVP & COO 705 | Prakash K. Thakur | VC 706 | Santosh V. Nayak | MD 707 | C.D. Pant | Regional Director 708 | Gulu L. Mirchandani | CMD 709 | Vinod Kashyap | Chairman 710 | Vineet Kashyap | MD 711 | Vikram Kashyap | Jt MD 712 | Loren M. King III | Head 713 | Kaushik Chatterjee | COO 714 | M.B. Kapadia | Sr ED 715 | J. Suresh | CEO 716 | Ashutosh Agarwal | CSO 717 | Robert Donald Scott | Director 718 | V.G. Kumar | VP 719 | Abhijit Rajan | CMD 720 | Pradeep Shrivastava | President 721 | Harish Narula | President 722 | Jelle Rieske | Sr Director 723 | Anurag Vashistha | Business Head 724 | Robert A. Allen | President 725 | Sunil K. Chaturvedi | ED 726 | Rajesh Jain | Jt MD 727 | V.K. Chhabria | Dy MD 728 | Mahendra Agarwal | MD & CEO 729 | Rajiv Verma | WTD & CEO 730 | G.R.K. Prasad | Director 731 | M.R. Jaishankar | CMD 732 | Sameer Manchanda | Jt MD 733 | R.V. Gumaste | MD 734 | G. Chatterjee | Director 735 | Anil P. Goel | ED 736 | M.M. Mathur | ED 737 | Sandeep Jain | Jt MD 738 | A.B. Lalvani | Head 739 | A.K. Jain | ED 740 | Madhav B. Shriram | WTD 741 | Kiran M. Shaw | CMD 742 | Leena Nair | ED 743 | Parmod Yadav | CEO 744 | Yudhisthir Khatau | VC & MD 745 | Christopher J. Rodricks | MD 746 | L. Ramkumar | MD 747 | Desh D. Khetrapal | WTD 748 | Kailash S. Agarwal | MD 749 | Rajesh Kumar Srivastava | CEO 750 | Satyendra Kumar | SVP u 68 u u u Taj GVK Hotels GE Shipping Castrol ** Voltas Jyoti Structures Jyoti Structures Voltas MIRC Electronics B.L. Kashyap & Sons B.L. Kashyap & Sons B.L. Kashyap & Sons Punj Lloyd United Spirits Arvind Mills Jubilant Organosys HUL HUL Gammon India Bajaj Auto Lupin Pharma Philips Electronics GTL Punj Lloyd Bharat Forge Panacea Biotec Finolex Cables Gati HT Media Nava Bharat Ventures Brigade Enterprises IBN18 Broadcast Kirloskar Ferrous Exide Inds The Indian Hotels PSL Panacea Biotec HUL Ipca Labs DCM Shriram Inds Biocon HUL Jubilant Organosys Varun Shipping Co Seamec Tube Investments of India Raymond Varun Inds Jubilant Organosys Infosys 144.85 144.84 144.67 144.50 144.40 144.30 144.20 144.19 144.11 144.06 144.00 143.72 143.53 143.36 143.14 142.95 142.69 142.64 142.45 142.42 142.41 142.39 142.30 142.27 142.04 141.71 141.62 141.59 141.44 141.44 141.40 141.31 141.29 141.20 141.04 140.99 140.88 140.49 140.40 140.40 140.20 140.14 140.13 140.09 139.80 139.79 139.78 139.68 139.64 751 | Subhash Sethi | VC & MD 752 | R.K. Agrawal | GM 753 | P.K. Kataky | Director 754 | Malay Mahadevia | WTD 755 | Anil Sethi | Chairman 756 | Dinesh Sahara | MD 757 | N.S.K. Reddy | ED 758 | Alok Bhargava | ED 759 | Sushil Sethi | MD 760 | U. Ramadas Kamath | SVP 761 | S.S. Rao | WTD 762 | V.R. Kaundinya | MD 763 | Rajiv Gandhi | Ex-Director 764 | Shome N. Danani | ED 765 | Sudhanshu Vats | VP 766 | D. Bharma | EVP 767 | Koushik Chatterjee | Group CFO 768 | B.M. Bhanumurthy | SVP 769 | Krishnaswamy Ramkumar | ED 770 | K. Prabhakar | Chief 771 | Naresh Gupta | President 772 | Arvind Thakur | CEO & Jt MD 773 | Nandini Piramal | ED 774 | N.R. Rajsekher | COO 775 | Shobhana Ramachandran | MD 776 | Nrupender Rao | Chairman 777 | Mona Agarwal | WTD 778 | Bharat K. Singh | Ex-MD 779 | J.A.J. Pereira | Director 780 | Abhaya Shankar | MD 781 | G.K. Prasanna | SVP 782 | Mandeep Singh Sodhi | VP 783 | B.K. Agarwalla | Chairman & WTD 784 | Sunil Goel | Jt MD 785 | Vinayak K. Purohit | ED 786 | K. Shankaran | Director & Secretary 787 | Onno Poortier | President 788 | C.N. Desai | Jt MD 789 | Nandita M. Gurjar | SVP 790 | Sudhir Jatia | Ex-MD 791 | P. Venkateswaran | Dy MD 792 | V.P. Agarwal | CMD 793 | Sunam Sarkar | CFO & WTD 794 | G.S. Sauhta | ED 795 | Bernd Lohmann | Head 796 | Anand Shukla | CPO 797 | Rajeev Anand | VC & MD 798 | Shobinder Duggal | Director 799 | Ramit Sethi | SVP 800 | V. Kannan | GM SPML Infra HUL Exide Ind Mundra Port & SEZ SPML Infra Ruchi Soya Inds Rain Commodities ** IL&FS Investment SPML Infra Infosys JSW Energy Advanta India ** Wockhardt Bharat Bijlee HUL EIH Tata Steel Wipro ICICI Bank Apollo Tyres Lupin Pharma NIIT Tech Piramal Healthcare United Spirits TVS Srichakra Pennar Inds Action Construction Equip Aditya Birla Nuvo Grindwell Norton Hyderabad Inds Wipro R Systems Int’l ** Maithan Alloys Omaxe Thomas Cook ** TTK Prestige Hotel Leelaventure Apar Inds Infosys VIP Inds Aban Offshore Prakash Inds Apollo Tyres PSL Bayer CropScience ACC ** Goodyear ** Nestle ** Wipro HUL 139.62 139.23 139.00 138.93 138.88 138.39 138.36 138.13 138.08 138.08 138.00 137.82 137.80 137.79 137.68 137.62 137.25 137.06 136.81 136.80 136.70 136.31 136.24 136.16 136.05 135.75 135.74 135.54 135.38 135.20 135.15 135.11 135.00 135.00 134.84 134.78 134.72 134.71 134.60 134.58 134.52 134.40 134.20 134.12 134.04 134.02 133.74 133.67 133.65 133.63 GlaxoSmithKline Pharma ** 143.50 Federal-Mogul Goetze India 147.50 Indian Metals & Ferro Alloys 147.48 Munjal Showa (I) Sasken Comm Tech Mundra Port & SEZ Castrol ** HUL HEG HUL PSL PSL Nahar Ind Enterprises 147.30 147.09 147.00 146.81 146.65 146.03 145.84 145.80 145.80 145.49 * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 801-950 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 801 | Kushal N. Desai | MD 802 | Pravir Vohra | GCTO 803 | J.V. Ramamurthy | WTD & COO 804 | Praveen K. Gupta | Director 805 | Chander Agarwal | ED 806 | Akhilesh Joshi | COO & WTD 807 | L.K. Poddar | MD 808 | Sandeep Bakhshi | DMD 809 | Ramesh Swaminathan | President 810 | Sunil Sethy | MD 811 | Sanjeev Bikhchandani | MD & CEO 812 | Sanjeev Kumar Jain | MD 813 | Ekta Kapoor | Jt MD 814 | Nalini Gupta | President 815 | M. Thimmaraja | Jt MD 816 | V.S. Sitaram | COO 817 | Hardev Singh Kohli | ED 818 | Niranjan Kumar Gupta | Head 819 | Deepinder Singh Bedi | ED 820 | M. Narendranath | Jt MD 821 | A.N. Parekh | WTD 822 | R.K. Baheti | Director & President 823 | P.N. Chowdary | Jt MD 824 | N.P. Ghuwalewala | WTD 825 | Kapil Wadhwan | CMD 826 | P. Subramanian | CMD 827 | Govind Sachdev | President 828 | Omprakash Singh | Head 829 | U. Schmid | Gen Commissioning Mgr 830 | Kazuhiro Nishioka | Jt MD 831 | Saher P. Pestonji | Sr Operator 832 | H.R. Binod | SVP 833 | Peter Miller | Sr Manager 834 | Kishore K. Avarsekar | CMD 835 | Soli C. Engineer | ED 836 | Anandh Balasundaram | MD 837 | Shantanu Khosla | MD 838 | Pankaj Kulkarni | CEO 839 | Vivek Sirohi | Resource Director 840 | P.R. Rathi | VC & MD 841 | Karamjit Singh | Head 842 | P. Achuta Ramayya | ED 843 | Ashish Soparkar | MD 844 | Jayanti M. Patel | Chairman 845 | Natwarlal M. Patel | MD 846 | F. Ferraris | VP 847 | C. Bhaktavatsala Rao | Ex-Dy MD 848 | Rana Kapoor | MD & CEO 849 | S. Saha | WTD 850 | R. Venkataraman | ED Apar Inds ICICI Bank HCL Info # TCI Hindustan Zinc Gontermann-Peipers (I) ICICI Bank Lupin Pharma Binani Inds Info Edge (I) Parsvnath Developers Balaji Telefilms Thomas Cook ** The Andhra Sugars Dabur Reliance Inds HUL Tulip Telecom The Andhra Sugars Pidilite Alembic The Andhra Sugars Ambuja Cements ** DHFL Shanthi Gears Puravankara Projects GTL Siemens * Munjal Showa The Indian Hotels Infosys Unity Infraprojects Great Offshore AstraZenca ** Gillette (I) # JSW Steel HUL Sudarshan Chem BASF The Andhra Sugars Meghmani Organics Meghmani Organics Meghmani Organics Bata India ** Orchid Chem & Pharma Yes Bank Eveready India Infoline 133.59 133.55 133.38 133.12 133.03 132.64 132.63 132.58 132.53 132.40 132.40 132.31 132.27 132.22 132.20 132.00 131.77 131.70 131.69 131.57 131.50 131.26 131.22 131.20 131.06 130.78 130.64 130.53 130.52 130.10 130.09 130.00 129.80 129.74 129.65 129.53 129.12 128.94 128.94 128.79 128.75 128.75 128.75 128.73 128.70 128.59 128.54 128.25 851 | Trilochan S. Sahney | CMD 852 | D. Sampath | VP 853 | N.M. Gupta | Advisor 854 | Madhukar Dev | MD 855 | Shiv Prakash Mittal | Chairman 856 | Ikuo Abe | Sr ED 857 | Anil Sarin | MD 858 | Tarun Sawhney | ED 859 | Hitesh Oberoi | Director & COO 860 | Rajeev Chopra | Executive Level I 861 | Madhu Khatri | SVP 862 | Shradha Suri | MD 863 | Saroj K. Datta | ED 864 | P. Rajendran | COO & WTD 865 | G.V. Krishna Reddy | CMD 866 | Ashok Angne | Group Head 867 | B. Venkatraman | SVP 868 | A.D. Baijal | Group Director 869 | Vijay J. Mansukhani | MD 870 | Thomas M. Reed | Project Director 871 | Antonio H. Waszyk | CMD 872 | Sanjeev Mansotra | CMD 873 | Anju Munjal | WTD 874 | Sudhir Munjal | MD 875 | Srikantan Moorthy | VP 876 | Sanjiv Goyal | CMD 877 | Sudhir Agarwal | CEO 878 | Vinod Juneja | MD 879 | Rajendra B. Darak | CFO 880 | Sangita Singh | SVP 881 | Nikhil Sawhney | ED 882 | Neeraj Chandra | VP & COO 883 | Rajesh Mittal | MD 884 | Ramesh D. Poddar | VC & MD 885 | Ashok Punj | MD 886 | Raghavan Govindan | President 887 | Jalaj Dani | President 888 | Raman Kumar | MD 889 | Rupen P. Patel | MD 890 | Saurabh Mittal | Jt MD & CEO 891 | K. Harishankar | Head 892 | Manish Choksi | Chief 893 | K.R. Srivastava | COO 894 | Myriam Sidibe | Lifebuoy Brand 895 | Sharvil P. Patel | Dy MD 896 | Ranjit Shahani | VC & MD 897 | Mahabir P. Jalan | Chairman & WTD 898 | Hemant Kanoria | CMD 899 | Abhijit Mukerji | ED 900 | Sonjoy Chatterjee | ED u 70 u u NRB Bearings Voltas Sutlej Textiles & Inds Tata Elxsi Greenply Inds Lumax Inds Anant Raj Inds Triveni Engg & Inds * Info Edge (I) Philips Electronics Wipro Subros Jet Airways NIIT GVK Power & Infra GTL Peninsula Land Tata Steel MIRC Electronics Punj Lloyd Nestle ** Core Projects & Tech Munjal Auto Munjal Auto Infosys Nectar Lifesciences Wire & Wireless Binani Metals United Phosphorus Wipro Triveni Engg & Inds * Britannia Inds Greenply Inds Siyaram’s PSL NIIT Asian Paints Ador Welding Patel Engg Greenply Inds HUL Asian Paints United Phosphorus HUL Cadila Healthcare Novartis Ramkrishna Forgings SREI Infra Finance The Indian Hotels ICICI Bank 127.85 127.83 127.81 127.77 127.76 127.68 127.68 127.68 127.67 127.49 127.31 127.24 127.18 126.85 126.76 126.69 126.68 126.41 126.03 125.93 125.91 125.76 125.35 125.35 125.10 125.05 125.00 124.62 124.61 124.39 124.31 124.28 124.27 123.95 123.95 123.81 123.76 123.44 123.44 123.41 123.35 123.27 123.23 123.09 123.00 122.97 122.94 122.64 122.51 122.47 901 | Ram Prit Singh | Advisor to ED 902 | Pawan D. Poddar | Jt MD 903 | K.L. Rathi | Chairman 904 | Ganesh Kaskar | ED 905 | Jayakar Krishnamurthy | VC & MD 906 | K.B. Sankara Rao | EVP 907 | Mohan A. Chandavarkar | CMD 908 | C.K. Dhanuka | Chairman 909 | Riju Jhunjhunwala | ED 910 | W.A. Pereira | Director 911 | Eric Vas | President 912 | S.K. Mittal | Director 913 | Shobhan Mittal | ED 914 | A.N. Singh | MD & CEO 915 | S. Sundaram | President 916 | V.P. Sinkar | VP 917 | S. V. Reddy | MD 918 | Srikumar Menon | MD 919 | N.N. Tata | MD 920 | J.C. Toshniwal | Business Head 921 | Balbir S. Uppal | CMD 922 | C.K. Baljee | MD 923 | N. Krishnan | MD 924 | S.K. Poddar | Chairman 925 | Vishal Lohia | WTD 926 | M.H. Ashraff | Ex-MD 927 | Suhas Joshi | MD 928 | Aman Agrawal | VC 929 | Prashant Agrawal | MD 930 | Hemant Modi | VC & MD 931 | Shaibal Sinha | Director 932 | Ashok K. Bansal | CMD 933 | G. Schmidl | Supervisor 934 | P. Govindarajan | GM 935 | Rajiv A. Poddar | ED 936 | Vishnu R. Dusad | MD & CEO 937 | V.S. Rangan | ED 938 | Samir Jain | GM 939 | Anurag P. Poddar | ED 940 | Ananda Mukherjee | CEO 941 | A.R. Ramakrishnan | WTD 942 | Arun Churiwal | MD 943 | V.R. Vasudevan | Group Leader 944 | Rajesh Verma | EVP 945 | S.R. Lohokare | MD 946 | J.R. Sapre | WTD 947 | D.D. Rathi | WTD 948 | Roop C. Sodani | CEO 949 | P.H. Valecha | Sr Executive 950 | Prem Kumar Singhee | CMD Tata Steel Siyaram’s Sudarshan Chem Prism Cement Ucal Fuel Dr. Reddy’s Labs FDC HEG HUL Bajaj Auto Exide Inds Greenply Inds Goodricke Group Cosmo Films HUL Sagar Cements BOC India ** Trent Ambuja Cements ** Royal Orchid Hotels Gillette (I) # Indo Rama Synthetics Tata Coffee JMC Projects (I) Bombay Rayon Fashions Bombay Rayon Fashions JMC Projects (I) Bata India ** Hanung Toys Siemens * HUL Balkrishna Inds Nucleus Software HDFC HUL Balkrishna Inds Jubilant Organosys Essar Shipping RSWM Infosys Kingfisher Airlines National Peroxide Kirloskar Brothers Grasim Inds JSW Steel Valecha Engg Shiv-Vani Oil & Gas 122.21 122.11 122.02 122.00 122.00 121.58 121.55 121.46 121.08 121.04 121.00 120.78 120.66 120.50 120.50 120.42 120.18 120.11 120.05 120.00 120.00 119.90 119.51 119.49 119.38 119.38 119.34 119.34 119.25 119.12 119.07 118.88 118.83 118.72 118.72 118.72 118.58 118.42 118.25 118.21 118.15 118.10 118.08 118.00 117.88 117.67 117.57 GSK Consumer Healthcare 133.21 Dhunseri Petrochem & Tea 121.52 Lakshmi Energy & Foods * 120.00 Deccan Chronicle Holdings 120.00 Federal-Mogul Goetze India 130.07 * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 The Highest Paid Executives In ` lakh 951-1067 Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation 951 | S.B. Dangayach | MD 952 | Manoj Kumar Agarwal | MD 953 | M.R. Rao | COO 954 | Abhay Thite | President 955 | A.L. Alagappan | Director 956 | C.V.D. Prasad | Director 957 | Mukund Sapre | ED 958 | Ulrich Wolfram | Head 959 | C.G. Patankar | ED 960 | S.K. Khandelia | President 961 | N. Sarkar | GM 962 | Ranjit Singh | COO 963 | Sudhir Deoras | MD 964 | Anand Sen | VP 965 | Gopal S. Jiwarajka | VC & MD 966 | Rakesh Kapoor | MD 967 | Alok Saxena | WTD 968 | G.C. Vasudeo | Director 969 | Anup Gawdi | Regional Head 970 | R.B. Rathi | Director 971 | U.H. Patel | Head 972 | L. Lakshman | Chairman 973 | N. Ajith Babu | VP 974 | Ankit Miglani | Dy MD 975 | Anuj Miglani | MD 976 | Rajinder Miglani | Chairman 977 | Rajiv Kaul | President 978 | Sudhir B. Dole | SGM 979 | Sushil Kapoor | President & CEO 980 | Roop Salotra | President & CEO 981 | S. A. Reddy | Jt MD 982 | Sjoerd J.I. Drost | Director 983 | Saroj Kumar Poddar | Chairman 984 | N. Rao | VP 985 | R. Schueler | GM 986 | S.C. Sethi | WTD 987 | J.B.M. Reddy | ED 988 | R.K. Srivastava | WTD 989 | K.P. Chhabria | EVC Sintex Inds Adhunik Metaliks SKS Microfinance GTL Philips Electronics Nava Bharat Ventures IL&FS Transportation Kalyani Steels Sutlej Textiles & Inds HUL Polyplex Corp TRF Tata Steel Salora Int’l BP Ergo Elder Pharma SI Group GTL Sudarshan Chem HUL Rane Holdings HUL Uttam Galva Steels Uttam Galva Steels Uttam Galva Steels Hotel Leelaventure ICICI Bank SRF SRF Sagar Cements Philips Electronics Texmaco Siemens * Siemens * JK Tyres Gayatri Projects Kirloskar Brothers Finolex Inds 117.44 117.38 117.35 117.34 117.23 117.04 117.01 116.83 116.83 116.75 116.69 116.62 116.50 116.42 116.36 116.34 115.62 115.62 115.50 115.41 115.30 115.17 115.00 115.00 115.00 115.00 114.95 114.79 114.77 114.65 114.56 114.36 114.29 114.02 114.01 114.00 113.99 113.92 990 | Subhash Bansal | WTD 991 | Soumitro Ghosh | SVP 992 | K. Ganesh | GM 993 | S.K. Dharmadikari | EVP 994 | Bhaskar Chakravarty | AVP 995 | Atsushi Ishii | ED 996 | Arun Ashar | Director 997 | Uday Kotak | VC & MD 998 | Amitava Ray | President 999 | C.P. Gangadharaiah | SVP 1000 | Dhanpal Jhaveri | WTD 1001 | Paramjit Singh Gill | COO 1002 | Durgesh Mehta | CFO 1003 | Rajesh Kumar Lal | VP & CTO 1004 | Ninad Karpe | MD & CEO 1005 | R. Wagner | EVP 1006 | N. Rajaram | VP 1007 | R. Weigel | Commercial Project Mgr 1008 | A.K. Srivastava | Director 1009 | Ramesh Iyer | MD 1010 | Divakar Kaza | President 1011 | K. Sridharan | CFO 1012 | N. Mukherji | Director 1013 | L.K. Badiga | CIO 1014 | Siddarth Singh | GM 1015 | Nimesh Kampani | CMD 1016 | Haritsingh Gohil | President 1017 | R.R. Mandawewala | Director 1018 | Thalib Caffoor | Manager 1019 | S.K. Agarwal | Chief 1020 | Sriram Srinivasan | SVP 1021 | A. Seelholf | Site Manager 1022 | N.R. Acharyulu | EVP 1023 | Arun Srinivas | GM 1024 | Padam Singhee | Jt MD 1025 | Anjan Bose | Sr Director 1026 | Ramit Budhraja | Chief Executive 1027 | Jatender Kumar Mehta | MD 1028 | Nandan M. Chandavarkar | Jt MD Gillette (I) # Wipro HUL HCC Infosys Lumax Inds United Phosphorus Kotak Mahindra Bank Uflex Wipro Future Capital Holdings United Spirits Bombay Dyeing Mfg Co Britannia Inds Aptech Siemens * HUL Siemens * Navin Fluorine Int’l Mahindra Finance Lupin Pharma Ashok Leyland HUL Wipro HUL JM Financial GTL Welspun HUL Apollo Tyres Wipro Siemens * HCC HUL Shiv-Vani Oil & Gas Philips Electronics ACC ** Omax Auto FDC 113.84 113.74 113.73 113.34 113.30 113.22 113.14 113.05 112.89 112.69 112.69 112.45 112.28 112.24 112.16 112.11 111.97 111.92 111.89 111.86 111.85 111.79 111.31 111.30 111.29 111.26 111.25 111.20 111.11 111.00 110.94 110.92 110.91 110.87 110.84 110.81 110.59 110.55 110.50 1029 | J.V. Ranga Raju | WTD 1030 | V. Shankar | MD & CEO 1031 | Shobha Kapoor | MD 1032 | Jatin Zala | VP 1033 | Arun K. Rai | WTD 1034 | Armin E. Kniele | Captain 1035 | B. Ramachandran | EVP 1036 | Pranab Mody | President & WTD 1037 | Tulsidas Alai | Group Head 1038 | Rajesh Sharma | VC & MD 1039 | D.C. Mehta | VC & MD 1040 | Bharat P. Mehta | WTD 1041 | Sangita Reddy | ED 1042 | Pramod Khera | Ex-MD 1043 | Dinesh Dua | CEO & Director 1044 | Marc Eyres | VP 1045 | P.Z. Nicholas | Dean 1047 | G. Lakshmanan | Lead Principal 1048 | Srijit Rajappan | VP 1049 | Satish Dandekar | Project Director 1050 | Prashant Panday | ED & CEO 1052 | Ashutosh Vaidya | Head 1053 | P.K. Markanday | Chief Executive 1054 | K.G. Joshi | Director 1055 | Ashok Bhatia | VP 1056 | Pradeep Rane | President 1057 | Ness N. Wadia | Jt MD 1058 | K. Jayaraman | MD & CEO 1059 | Samer Nagarajan | GM 1060 | V. Ashok | WTD 1061 | Abraham Joseph | President 1062 | N.S. Kannan | ED-CFO 1063 | Lallan Giri | President & COO 1064 | Rohinton Screwvala | CMD 1065 | Varun K. Jha | VP 1066 | M.K. Tara | MD & CEO 1067 | Sameer Sain | VC Nagarjuna Construction Rallis India Balaji Telefilms GTL Sesa Goa Kingfisher Airlines L&T JB Chem & Pharma GTL ION Exchange Deepak Nitrite JB Chem & Pharma Apollo Hospitals Aptech Nectar Lifesciences HUL EIH Infosys Wipro Voltas ENIL Wipro Abhishek Inds Oil Country Tubular R Systems Int’l ** Alembic Bombay Dyeing HUL Bajaj Auto ICICI Bank Panacea Biotec UTV Software Comm Tata Steel Future Capital Holdings 110.46 110.16 110.12 110.09 110.00 109.90 109.90 109.84 109.80 109.67 109.56 109.50 109.44 109.36 109.22 109.18 108.84 108.80 108.76 108.70 108.61 108.46 108.27 108.24 108.24 108.24 108.24 108.07 108.02 107.95 107.89 107.86 107.74 107.70 107.58 107.49 Mahindra Holidays & Resorts 116.96 1046 | S. Deb | Chief Global Delivery Officer Wipro 1051 | Hugo Sorbo Menilo | Pkg Devp Mgr HUL Hathway Cable & Datacom 108.00 Essar Shipping, Ports & Log. 107.95 Andhra Pradesh Paper Mills 107.55 * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End u 71 u u The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 1068-1217 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 1068 | Agnivesh Agarwal | WTD 1069 | Naseer Munjee + | WTD 1070 | D. Hofmann | Engineer 1071 | Shrikishan D. Poddar | ED 1072 | Ashish R. Goenka | MD 1073 | C. Berendsen | VP-EO 1074 | S. Sree Kamal | Head 1075 | S.D. Kakade | MD 1076 | Axel Mueller | Manager 1077 | V.C. Nannapaneni | CMD 1078 | A.S. Ramchander | Ex-ED 1079 | G. Ravishankar | MD & CEO 1080 | R.N. Raju | WTD 1081 | R.B. Kabra | President 1082 | Vijaylaxmi A. Poddar | ED 1083 | Vilas M. Dholye | EVP 1084 | Anil Kapoor | MD 1085 | B.R. Nahar | CEO & ED 1086 | P. Pradhan | Head 1087 | H.V. Kanoria | CMD 1088 | A. Mittal | Manager 1089 | Michiel Verheyen | Sr Director 1090 | V.L. Ganesh | CFO & Director 1091 | Rajdeep Anand | President 1092 | N.J. Rathi | Director & Co Sec 1093 | U.S. Oberoi | Chief & WTD 1094 | V. Subramanian | VP 1095 | R.K. Jain | President 1096 | Milan Mehta | VC & MD 1097 | U.K. Chatterjee | Manager 1098 | Gajapathi Muthuvel | AVP 1099 | Jayant Acharya | Director 1100 | V. Arvind | SVP 1101 | A.P.S. Sandhu | COO 1102 | K. Sawada | GM 1103 | Marwan Elba | Captain 1104 | Sanjay Johri | CEO 1105 | S.N. Toshniwal | Business Head 1106 | Abanindra K. Misra | VP 1107 | R. Raghuraman | GM 1108 | Ashok Malhotra | CMD 1109 | R.L. Toshniwal | CMD 1110 | Satish G. Joshi | Head 1111 | Prabhakar Dev | MD & CEO 1112 | Sameer Hiremath | Dy MD 1113 | Ronald Nagar | SVP 1114 | Prateek Aggarwal | CFO 1115 | R.Y. Vaidya | Chief Executive 1116 | Ravinder Mohan | Chief Executive 1117 | G.V. Subramanyam | VP MALCO Tata Group Siemens * Siyaram’s Suashish Diamonds Siemens * HUL Navin Fluorine Int’l BASF Natco Pharma Castrol ** Geometric Nagarjuna Construction HSIL Siyaram’s Dr. Reddy’s Labs Chambal Fert & Chem Birla Corporation HUL Cheviot HUL Philips Electronics Hotel Leelaventure SRF Sudarshan Chem Apollo Tyres Infosys Uflex Precision Wires India HUL Infosys JSW Steel GTL Aban Offshore Lumax Inds Kingfisher Airlines Voltas Ambuja Cements ** Tata Steel HUL Panchmahal Steel Banswara Syntex GTL Greaves Cotton # Hikal Kingfisher Airlines Hexaware Tech ** BASF ACC ** Infosys 107.20 107.15 107.15 107.11 107.00 106.75 106.67 106.40 106.40 106.08 106.02 105.86 105.85 105.83 105.74 105.70 105.56 105.55 105.47 105.39 105.37 105.36 105.31 105.16 105.15 105.00 104.86 104.85 104.76 104.69 104.65 104.43 104.43 104.42 104.42 104.42 104.25 103.99 103.83 103.83 103.73 103.67 103.65 103.51 103.40 103.29 103.23 103.12 103.03 103.00 1118 | Rafael Girotto | Country Manager 1119 | H.H. Kamping | VP 1120 | Ashok Patni | NED 1121 | Navratan Dugar | Dy President 1122 | R.H. Valecha | Director 1123 | Arun Goyal | CFO 1124 | Stanley Hibbitt | Project Director 1125 | Arun Khorana | EVP 1126 | Anil Kumar Kush | CE 1127 | M. Hermsdorf | Mechanical Engg 1128 | Mark A. Petit | ED 1129 | Ishwar Chand Agarwal | CMD 1130 | V.G. Dheeshjith | VP 1131 | Gajendra Patni | NED 1132 | Prakash P. Chhabria | MD 1133 | James Eliot Shapiro | Head 1134 | S. Srikanth | Head 1135 | S. Ramakrishnan | ED 1136 | Dinesh Krishnaswamy | Director 1137 | S. Gopalakrishnan | MD & CEO 1138 | K. Sudarshan | Manager 1139 | Sukanta Kumar Roy | COO 1140 | Amit Kaura | VP 1141 | Shreyas K. Doshi | CMD 1142 | Raman R. Shankar | SVP 1143 | P. Srikar Reddy | EVP & COO 1144 | K. Suryaprakash | VP 1145 | Qimat Rai Gupta | CMD 1146 | Homi Khusrokhan | Ex-MD 1147 | K.P. Ramasamy | Chairman 1148 | K.P.D. Sigamani | MD 1149 | P. Natraj | MD 1150 | Jugal K. Tandon | Director 1151 | S. Sidhwani | Sr Manager 1152 | Neeraj Agrawal | President 1153 | Sanjeev Kumar | Jt MD 1154 | Anup Bhat | ED 1155 | A.V. Rao | Chief 1156 | N. Sivaraman | SVP 1157 | Tanmay Kumar Ganguly | MD 1158 | Ian West | Sr Project Director 1159 | S.M. Patel | Chairman 1160 | J.N. Cooper | Director 1161 | Sriram Yogi | Head 1162 | Ashok A. Chandavarkar | ED 1163 | Vasileios Vassos | Captain 1164 | R. Subramanian | Director 1165 | Arindam Das | Principal 1166 | M. Votteler | Chief Manager 1167 | Avinash Pandit | President u 72 u u Bayer CropScience NRB Bearings Patni Computers United Spirits Valecha Engg Abhishek Inds Voltas Blue Star United Spirits Siemens * Xerox India Genus Power Infra Infosys Patni Computers Finolex Inds BSE HUL Tata Power Infosys Infosys HUL GTL Punj Lloyd Shrenuj L&T Sonata Software Infosys Havells Tata Chemicals KPR Mills KPR Mills KPR Mills JSW Steel Voltas Jubilant Organosys PVR Ashok Leyland Ambuja Cements ** L&T Vesuvius India ** Voltas ABC Bearings Heidelberg Cements L&T FDC Kingfisher Airlines GSK Consumer Healthcare Infosys Siemens * Blue Star 102.83 102.83 102.68 102.51 102.49 102.27 102.17 102.13 102.11 102.05 102.01 102.00 101.96 101.93 101.90 101.70 101.30 101.24 101.03 101.03 100.89 100.84 100.73 100.58 100.46 100.17 100.16 100.15 100.00 100.00 100.00 100.00 99.87 99.84 99.84 99.84 99.82 99.70 99.65 99.51 99.48 99.48 99.42 99.34 99.32 99.32 99.28 99.28 99.23 99.07 1168 | Alok Ghosh | EVP 1169 | Subir Bose | MD 1170 | Sanjeev Lamba | Director 1171 | Yash Mahajan | MD 1172 | S.K. Bandyopadhyay | ED 1173 | Prabir Kumar Jha | SVP 1174 | G.P. Goenka | Chairman & WTD 1175 | Anindya Sircar | GM 1176 | Suneet Maheshwari | Head 1177 | Amitabh Jaipuria | MD 1178 | Pankaj Gupta | GM 1179 | A. Harisha Bhat | Dy President 1180 | N.S. Bijlani | Director 1182 | Richa Tripathi | VP 1183 | K.C. Khona | VP 1184 | Harsta Johan | Head 1185 | S.C. Bhargava | SVP 1186 | J. Ramesh | EVP 1187 | V. Mahadevan | MD 1188 | V. Shashikant | EVP 1189 | Ajay Khanna | President 1190 | Sunil Tolani | GM 1191 | Vishnubhai Patel | CMD 1192 | J.N. Amrolia | ED 1193 | K.E. Ranganathan | Exec 1194 | Kavitha Dutt Chitturi | ED 1195 | V. Gandhi | Director 1196 | Rajesh H. Asher | SVP 1197 | P.B. Kulkarni | WTD 1198 | K. Srinivas | VP 1199 | Srinivas Phatak | GM 1200 | Duleepkumar D. Jo | Captain 1201 | Kevin D’sa | VP 1202 | Vijay Chandok | SGM 1203 | Pirojsha Godrej | ED 1204 | Sanjay Purohit | VP 1205 | Themiya Abeywickrama | Captain 1206 | A.B. Advani | Chairman 1207 | Hameed Huq | MD 1208 | T. Berger | Site Manager 1209 | K. Raghunandan | MD 1210 | Naresh Jalan | MD 1211 | A.C. Mehta | MD 1212 | G.R. Gogia | Director 1213 | Rajeev Jain | Director 1214 | Andrew Horne | MD 1215 | S. Nagarajan | VP 1216 | Alok Mehta | VP 1217 | S. Sreekanth Reddy | ED Lupin Pharma Berger Paints Zee Entertainment Swaraj Mazda Vesuvius India ** Dr. Reddy’s Labs Star Paper Mills Biocon L&T Monsanto India HUL United Spirits HUL Wipro Bombay Dyeing ABB L&T Nava Bharat Ventures Hinduja Foundries United Breweries Holdings Jubilant Organosys HUL Sadbhav Engg Ashok Leyland EID Parry KCP KCP JSW Steel Ambuja Cements ** Bajaj Auto HUL Kingfisher Airlines Bajaj Auto ICICI Bank Godrej Properties Infosys Kingfisher Airlines Ador Welding Tata Coffee Siemens * EID Parry Ramkrishna Forgings Deepak Nitrite Parsvnath Developers Parsvnath Developers Xerox India Philips Electronics AstraZenca ** Sagar Cements 98.95 98.92 98.92 98.89 98.69 98.64 98.57 98.53 98.52 98.51 98.38 98.37 98.17 98.07 98.03 97.97 97.88 97.74 97.74 97.72 97.60 97.59 97.50 97.50 97.44 97.34 97.32 97.32 97.29 97.28 97.27 97.25 97.07 97.05 97.04 97.04 96.87 96.82 96.81 96.76 96.73 96.69 96.60 96.54 96.40 96.40 96.35 96.31 96.30 96.27 1181 | Leonard V. Loots | Tunneling Foreman HCC * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End; + Naseer Munjee Salary from Tata Motors & Tata Chemicals The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 1218-1367 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 1218 | T.K. Sibal | Sr EVP 1219 | Ravi Toshniwal | Jt MD 1220 | J. Tyroller | Manager 1221 | Gertjan Ijntema | Director 1222 | P. Nagarajan | CFO 1223 | Aditya Vij | President 1224 | D. Neuner | Head 1225 | Srinivas Acharya | Dy MD 1226 | Rakesh Mehra | WTD 1227 | Navinder Pall Puri | VP 1228 | A.P. Parigi | Ex-MD 1229 | Chris Newton | MD 1230 | Girish G. Vaidya | SVP 1231 | Ram Swaroop Nakra | MD 1232 | Priyavrat Bhartia | WTD 1233 | Priya Nair | GM 1234 | S.D. Shibulal | COO & Director 1235 | Urrshila Kerkar | ED 1236 | M.S. Krishnamoorthy | SVP 1237 | Dipesh K. Shroff | MD 1238 | John Joseph | EVP 1239 | S.C. Sachdeva | Head 1240 | A. Krishnamoorthy | VP 1241 | S. Sridhar | CEO 1242 | Arvind Rao | CMD 1244 | Jaideep Wadhwa | MD 1245 | B. Sundaram | VP 1246 | P.K. Mohamed | Chief 1247 | Sudhir Nayar | GM 1248 | P.V. Srinivasan | SVP 1249 | Umang Vohra | SVP & CFO 1251 | Raja R. Macha | EVP & COO 1252 | Vikram Surendran | GM 1253 | Mohan Bhandari | CMD 1254 | S.E. Tandale | ED 1255 | Cheryl Pinto | WTD 1256 | Cedric Vaz | EVP 1257 | Anshul Asawa | GM 1258 | P.K. Chandra | President 1259 | Sushil Bhatter | ED 1260 | R.D. Mavinakere | VP 1261 | R. Naresh | VC 1262 | P.L. Sirsamkar | President 1263 | O’Neil Nalavadi | Director 1264 | M. Chandru Kalro | EVP 1265 | Andrea Ceretta | GM 1266 | Shamit Bhartia | WTD 1267 | A.K. Misra | SVP EIH Banswara Syntex Siemens * Philips Electronics Coromandel Int’l Punj Lloyd Siemens * Sundaram Finance Banswara Syntex Kingfisher Airlines ENIL BASF Infosys ABG Shipyard HT Media HUL Infosys Cox & Kings L&T Excel Crop Care Oracle Financial Services ACC ** Infosys Bajaj Auto OnMobile Global Ingersoll Rand Infosys Apollo Tyres HUL Wipro Dr. Reddy’s Labs Geometric HUL Bilcare Research Bharat Forge Glenmark Pharma United Breweries HUL McNally Bharat Engg Binani Inds Infosys TVS Srichakra Uflex R Systems Int’l ** TTK Prestige BASF HT Media The Indian Hotels 96.25 96.21 96.18 96.18 96.06 96.01 95.96 95.86 95.78 95.73 95.71 95.67 95.63 95.54 95.50 95.50 95.48 95.43 95.41 95.29 95.24 95.24 95.21 95.20 95.20 95.18 95.14 94.72 94.70 94.66 94.59 94.52 94.45 94.41 94.41 94.40 94.29 94.09 94.04 93.96 93.93 93.89 93.77 93.57 93.50 93.42 93.35 93.35 93.33 93.17 1268 | Sarthak Behuria | Ex-Chairman 1269 | Ravi Keswani | President 1270 | S.C. Agarwalla | MD 1271 | Holmsten Matti | Manager 1272 | V.P. Sharma | President 1273 | P. Sasindran | COO 1274 | Tapan Mitra | Chief 1275 | Ambarish Raghuvanshi | Director 1276 | Ashoke Roy | Dy President 1277 | R.L. Shenoy | ED 1278 | Deepak Tandon | Director 1279 | Sudhir Reddy | VP 1280 | Shravan Shroff | MD 1281 | K. Shivkumar | ED 1282 | Atul Pasricha | Group CFO 1283 | A.R. Chandrasekharan | ED 1284 | Bharat Ranga | COO 1285 | J. Guder | System Administrator 1286 | Kochouseph Chittilappilly | MD 1287 | Niels P. Ternving | Captain 1288 | Z. Siamwala | COO 1289 | David Samson | VP 1290 | Harshbeena S. Zaveri | President 1291 | B. Sen | VP 1292 | Arun Kumar Mukherji | WTD 1293 | Cartikeya Reddy | SVP 1294 | Sanjiv Chatterjee | Head 1295 | Satish M. Pendse | CIO 1296 | Balvantsinh C. Rajput | CMD 1297 | Kanubhai J. Thakkar | MD 1298 | Dolatsinh P. Chavda | President 1299 | K. Vikram | EA 1300 | Ravi Langer | AVP 1301 | Tuhin K. Mukherjee | ED 1302 | Abhay Kulkarni | VP 1303 | L. Shivakumar | Sr Group VP 1304 | Anurag Behar | Chief Executive 1305 | Sudhir Goyal | Exec Dy President 1306 | K.G. Ananthakrishnan | MD 1307 | S. Balasubramanian | ED 1308 | Akhil Saxena | GM 1309 | N.R. Munjal | VC & MD 1310 | V.K. Mehta | Ex-MD 1311 | Adesh Gupta | WTD & CFO 1312 | M. Natraj | ED 1313 | A. Raghunathan | EVP 1314 | Farouk Irani | MD 1315 | Vijay Sharma | Jt MD & CEO 1316 | Venu Krishnan | Dy MD 1317 | Ganesh Gopalakrishnan | VP u 74 u u Indian Oil Corp Punj Lloyd Maithan Alloys ABB Punj Lloyd JSW Steel Apollo Tyres Info Edge (I) United Breweries Holdings Merck Kesoram Inds Mindtree Fame Group Merck Punj Lloyd Ashok Leyland Zee Entertainment Siemens * V Guard Inds Kingfisher Airlines EIH Infosys NRB Bearings HUL Jindal Steel & Power Dr. Reddy’s Labs HUL HCC Gokul Refoils & Solvent Gokul Refoils & Solvent Arvind Mills HUL GTL JSW Steel Infosys ICRA Wipro United Breweries Holdings Fulford (I) Ashok Leyland HUL Ind-Swift Labs Ind-Swift Labs Grasim Inds Ashok Leyland United Spirits First Leasing Co (I) JSW Steel Hotel Leelaventure Infosys 93.05 93.02 93.00 92.96 92.95 92.94 92.90 92.83 92.70 92.60 92.55 92.54 92.50 92.48 92.38 92.20 92.20 91.96 91.95 91.94 91.93 91.90 91.83 91.83 91.64 91.62 91.62 91.58 91.57 91.57 91.53 91.48 91.47 91.46 91.38 91.34 91.31 91.27 90.95 90.88 90.87 90.75 90.75 90.54 90.53 90.49 90.48 90.40 90.40 90.39 1318 | Neeraj Singal | VC & MD 1320 | Rajat Mathur | CSOO 1321 | K.N. Patel | Jt MD & CEO 1322 | Prabir Kumar Ghosh | President 1323 | Sunil Nayak | CFO 1324 | Srikanth Krishna | Sr Project Mgr 1325 | N.H. Hingorani | VP 1326 | N.B. Gad | Chief Executive 1327 | Shailini Bhupal | ED 1328 | Rajendra S. Pawar | CMD 1329 | Hellsten Juha | Quality Director 1330 | Arvind Walia | MD 1331 | M.L. Mittal | ED 1332 | Deepak Dheer | MD 1333 | K. Srinivasan | MD 1334 | Anil Khanna | MD 1335 | S. Ravikumar | VP 1336 | P.B. Balaji | VP 1337 | Ashish Puravankara | WTD 1338 | Niraj Vedwa | COO 1339 | N. Krishnamohan | Chief Executive 1340 | Nandini Verma | EVP 1341 | Amrit Raj Maharjan | Captain 1342 | K.V. Ramarathnam | MD 1343 | G.V.S. Ramesh | JGM 1344 | K.T.K. Deshika | Director 1345 | Eugene Valles | VP 1346 | Ajay S. Mittal | CMD 1347 | A.K. Jain | CFO 1348 | N. Govindarajan | MD & CEO 1349 | Anjan D. Ghosh | Sr Group VP 1350 | N.D. Mistry | Head 1351 | H.S. Tibb | Director 1352 | P.K. Kedia | Group President 1353 | Aditya Kowshik | ED 1354 | Atul Datey | Manager 1355 | Sandip Jhunjhunwala | VC & MD 1357 | Shailendra Bhandari | MD & CEO 1358 | Mohit Batra | SGM 1359 | K.V. Rehani | Chief Engg 1360 | Gurpreet Singh Kohli | Director 1361 | B. Madhusudhan Rao | VP 1362 | Vivek Mathur | Sr Group VP 1363 | S. Bhaskaran | Sr Director 1364 | P.K. Dutt | Chairman & CEO 1365 | Anand Padmanabhan | SVP 1366 | R.V. Ramanan | President Bhushan Steel Wipro McNally Bharat Engg ACC ** Infosys Bajaj Auto Panacea Biotec Taj GVK Hotels NIIT ABB Gabriel India Welspun Mahindra Forgings Carborundum Universal Blue Dart Bajaj Auto HUL Puravankara Projects Nucleus Software BASF United Spirits Kingfisher Airlines Mahindra Ugine Steel ICICI Bank JSW Steel GTL Arshiya Int’l Cosmo Films Shasun Chem & Drugs ICRA HUL HUL JSW Steel Kirloskar Pneumatic HUL REI Agro ING Vysya Bank ICICI Bank HUL HUL Dr. Reddy’s Labs ICRA Philips Electronics DIC India ** Wipro Hexaware Tech ** 90.37 90.37 90.35 90.32 90.30 90.30 90.26 90.14 90.09 90.06 90.01 90.00 90.00 89.96 89.90 89.82 89.81 89.80 89.63 89.59 89.54 89.45 89.43 89.33 89.27 89.27 89.19 89.15 89.12 89.05 88.95 88.84 88.76 88.66 88.63 88.42 88.40 88.32 88.30 88.28 88.24 88.20 88.19 88.11 87.93 87.92 87.90 87.89 87.83 1319 | Vijay Kumar Thadani | CEO & WTD NIIT Jindal South West Holdings 90.32 1243 | Srinandan Sundaram | Century Head HUL 1250 | Daljeet Singh Ghai | Chief Executive ACC ** 1356 | Vivek Shanbhag | Business Partner HUL 1367 | Rajendra Prasad | President & CFO SRF * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 The Highest Paid Executives In ` lakh 1368-1484 Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation 1368 | Rajinder Malhan | ED 1369 | Shekhar Arora | ED 1370 | H.N.S. Nagaraj | SVP 1371 | Rakesh Sharma | Sr Director 1372 | B.M. Udayashanker | ED 1373 | F. Hildebrand | MCE 1374 | Vijay K. Mehta | CMD 1375 | A. Balasubramanian | GM 1376 | U. Zeller | Manager 1377 | Esa Laukkanen | Manager 1378 | R.L. Ravichandran | CEO 1379 | A.D.A. Ratnam | Sr Director 1380 | Ratnakar M. Gutte | CMD 1381 | Jayanta Chatterjee | Sr Group VP 1382 | Gopal Munjal | MD & CEO 1383 | Himanshu Jain | ED 1384 | S.R. Mehta | Chairman 1385 | V.R. Mehta | Jt MD 1386 | Shailesh Ayyangar | MD 1387 | Anil V. Vaidya | Sr Director 1388 | D.K. Chokappa | Director 1389 | V. Kuhne | Chief Manager 1390 | Aman Mehta | Director 1391 | Stephen Bonnie | Manager 1392 | J. Noronha | EVP 1393 | Bomi M. Gagrat | ED 1394 | B.K. Iyer | GM 1395 | U. Haeger | Commissioning Expert 1396 | Vivek Prakash | SVP 1397 | V. Sundararajan | VP 1399 | S.A. Lalbhai | MD 1400 | I.P. Suresh Menon | SVP 1401 | Amit Pradhan | WTD 1402 | Atul Kumar Rai | MD & CEO 1403 | Anil Kumar | President 1404 | Rajiv Bansal | VP 1405 | S.R. Sundaresh | GM 1406 | Avinash Kumar Jain | ED Ashok Leyland Ashok Leyland The Indian Hotels Philips Electronics Ashok Leyland Siemens * Clutch Auto HUL Siemens * ABB Eicher Motors ** Philips Electronics Sunil Hitech Engg ICRA Ind-Swift Labs Ind-Swift Labs Ind-Swift Labs Ind-Swift Labs Sanofi Aventis ** Philips Electronics HUL Siemens * TCS Voltas United Breweries Pfizer $ ICICI Bank Siemens * United Spirits Mindtree Atul United Spirits Sesa Goa IFCI Jubilant Organosys Infosys Biocon Ashok Leyland 87.80 87.72 87.71 87.56 87.51 87.49 87.48 87.45 87.40 87.39 87.34 87.19 87.16 87.02 87.00 87.00 87.00 87.00 86.90 86.81 86.72 86.71 86.70 86.66 86.51 86.48 86.46 86.43 86.31 86.20 86.09 86.06 86.03 86.00 85.99 85.97 85.90 85.81 85.76 1407 | B. Jayaraman | VP 1408 | B.B. Dave | Head 1409 | N. Mohankrishnan | ED 1410 | U. Dasgupta | Head 1411 | R. Geetha | IT Partner 1412 | Andrew Hendrian | GM 1413 | Satish Kaura | CMD 1414 | Bhupendra Kiny | VP 1415 | Saurabh Govil | SVP 1416 | Ralph D’Souza | GM 1417 | P.K. Maheshwari | ED 1418 | Kalpesh Kikani | SGM 1420 | R. Santhanam | Ex-MD 1421 | K.S. Arunkumar | IT Partner 1422 | Ashwani Bhardwaj | MD 1423 | M. Cropp | Exec Chef 1424 | R. Swaminathan | Director 1425 | Prakash Kulkarni | Chairman 1426 | Shahid Balwa | MD 1427 | Vinod K. Goenka | MD 1428 | Hiten V. Parekh | ED 1429 | Ganesh Natrajan | VC & MD 1430 | Tanmay Agarwal | Manager 1431 | B.V.S. Rao | WTD 1432 | B. Madhivanan | SGM 1433 | Anand I. Patel | ED 1434 | Ramesh M. Patel | ED 1435 | H. Herman | GM 1436 | C. Spencer | Head 1437 | A. Balaraman | VP 1438 | Shekhar Jyoti | VP 1439 | P.K. Nigam | Head 1440 | A. Krey | Engineer 1441 | Laxmi N. Goel | MD 1442 | Om Narayan | VP 1443 | Balaji Rajagopalan | ED 1444 | P.R. Ravi | President 1445 | Madhukar Mishra | MD Ingersoll Rand HUL Ashok Leyland L&T HUL Hotel Leelaventure Samtel Color GTL Wipro Voltas Bharat Forge ICICI Bank Hindustan Motors HUL Micro Inks ** EIH Jain Irrigation Gabriel India DB Realty DB Realty Nilkamal Zensar Technologies HUL 3M India ICICI Bank Meghmani Organics Meghmani Organics Siemens * Siemens * Britannia Inds Videocon Inds * HUL Siemens * Zee News Tata Steel Xerox India Carborundum Universal Star Paper Mills 85.73 85.71 85.70 85.59 85.57 85.57 85.53 85.50 85.50 85.49 85.37 85.28 85.24 85.20 85.19 85.16 85.06 85.02 85.00 85.00 85.00 84.85 84.83 84.76 84.63 84.61 84.60 84.60 84.58 84.56 84.55 84.45 84.41 84.40 84.40 84.34 84.23 84.23 84.17 1446 | Srivats Ram | MD 1447 | Deepak Thuse | Chief Executive 1448 | Rajeev Takru | WTD 1449 | Vishnu G. Bhat | VP 1450 | A. Bahadur | EVP 1451 | Vinay Rao | AVP 1452 | Sunny Gaur | MD 1453 | Manish Kiri | MD 1454 | Pravin Kiri | Chairman 1455 | Rajeev Gupta | Chief Executive 1456 | S. Ram | Chairman 1457 | T.N. Thakur | CMD 1458 | Prakash Malvankar | VP & COO 1460 | Kamal Kishore Baheti | WTD 1461 | J.L. Deshmukh | MD & CEO 1462 | Sharad V. Parekh | MD 1463 | Ravi Kiran Aggarwal | Chairman 1464 | T.J. Heikkinen | Exec Chef 1465 | Shaleen Toshniwal | WTD 1466 | Pranay Godha | ED 1468 | Narsimha Rao Mannepalli | VP 1469 | T.T. Raghunathan | VC 1470 | Manish Sanghi | COO & Director 1471 | Ragavan Kannan | VP 1472 | Pradeep Singh Jauhar | COO & ED 1473 | Raju Thomas | CFO 1474 | A. Wabner | Chief Manager 1475 | R. Allenkirch | GT 1476 | William Worsley | Superintendent 1477 | Atul Sinha | VP 1478 | Ramesh Maheshwari | VC 1480 | O. Gamard | Site Supervisor 1481 | N.R. Varma | Project Director 1482 | S. Ramnath | Chief Executive 1483 | Vikram Amaranath | VP 1484 | Suresh Kumar | Tool Pusher Wheels India BASF McLeod Russel Infosys EIH Infosys Jaiprakash Associates Kiri Dyes & Chem Kiri Dyes & Chem Abhishek Inds Wheels India PTC India Dolphin Offshore McLeod Russel Walchandnagar Inds * Nilkamal Orbit Corporation EIH Banswara Syntex Ipca Labs Infosys TTK Healthcare Everest Inds GMR Infra Jamna Auto Inds Britannia Inds Siemens * Siemens * Voltas Britannia Inds Texmaco Siemens * Voltas BASF Mindtree Aban Offshore 84.17 84.14 84.09 84.06 84.04 84.04 84.01 84.00 84.00 84.00 83.95 83.90 83.84 83.75 83.72 83.70 83.68 83.65 83.57 83.52 83.52 83.39 83.34 83.32 83.22 83.20 83.16 83.08 83.07 82.94 82.87 82.83 82.82 82.82 82.82 82.80 82.80 82.77 1419 | D.A. Dsouza | Client Service Director HUL 1459 | R. Radhakrishna | Chief Sales Officer Mahindra Holidays & Resorts 83.79 1467 | Randeep Singh Jauhar | CEO & ED Jamna Auto Inds 1398 | J. D. Gupta | Chief Commercial Officer ACC ** 1479 | Tiago Muniz | NTR Processing Leader HUL * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End u 75 u u The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 1485-1634 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 1485 | Anand Sankaran | Chief Executive 1486 | Anil Chopra | Group Head 1487 | Mathew F. Barney | VP 1488 | Alok Agarwal | ED 1489 | A.D. Ioia | Maitre D’ 1490 | S.B. Gadre | Chief Executive 1491 | Rajesh Bhaskar | Head 1492 | P. Subrahmanyam | SVP 1493 | Shreekant Somany | CMD 1494 | Sukhbir Puri | SVP 1495 | Charles M. Gardiner | VP 1496 | Shaji Mathew | AVP 1497 | Lalit Kumar Jain | CMD 1498 | Talmat A. Fermat | Captain 1500 | Satyen Mamtora | Jt MD 1501 | A.S. Mohanty | WTD 1502 | Asoka S. Iyer | Chief 1503 | R.C. Chandrasekhran | VP 1504 | Shipla Kumar | SGM 1505 | B. Thiagarajan | President 1506 | Radhakrishnan Nair | Chief 1507 | S. Ravi Kumar | VP 1508 | Rajinder Sharma | President 1509 | G. Raj | EVP 1510 | S. Sundararajan | SVP 1511 | Shreesh R. Tiwari | Manager 1513 | Nani R. Choksey | WTD 1514 | Don Carlu Fabiani | Captain 1515 | Ashok Bhandari | CFO 1516 | Anjan Chatterjee | GM 1517 | Pradeep S. Shah | MD 1518 | B. Vijayakumar | CMD 1519 | Sanjay S. Shah | Vice CMD 1520 | P. R. Binny | Lead Consultant 1521 | M.J. Kotwal | ED 1522 | Ashok Panjwani | MD 1523 | Stephen Ri St Pierre | Captain 1524 | L.S. Manay | Manager 1525 | Pradeep Kumar Gupta | VP 1526 | H.K. Kaul | Exec President 1527 | C.P. Gopalkrishnan | Dy MD 1528 | Zarin Daruwala | SGM 1529 | Darshan B. Makhey | VP 1530 | R.J. Kampani | Advisor 1531 | N.K. Misra | Group Head 1532 | R. Viswanathan | GM 1533 | Sandeep Batra | GCO & CS 1534 | Arjit Mukherjee | Head Wipro Apollo Tyres Infosys Binani Inds EIH BASF Jubilant Organosys Wipro Somany Cermaics Tilaknagar Inds Xerox India Infosys Laxmi Precision Screws Kingfisher Airlines 82.77 82.70 82.65 82.64 82.60 82.55 82.52 82.51 82.50 82.50 82.42 82.29 82.20 82.19 82.09 82.02 82.00 81.93 81.93 81.87 81.85 81.84 81.79 81.79 81.78 81.67 81.65 81.61 81.47 81.45 81.41 81.41 81.40 81.39 81.29 1535 | M.K. Chattopadhyaya | Group CFO Binani Inds 1536 | L.P. Aggarwal | CFO 1537 | Harsh K. Jha | MD 1538 | Srinivas Pallia | SVP 1539 | Rishi Pardal | GM 1540 | Georges T. Azar | Captain 1541 | Chandrachud Ritha | SVP 1542 | Gul Raj Bhatia | Manager 1543 | Rajan Nambiar | CEO 1544 | Shekhar Patil | VP 1545 | Partha Sengupta | VP 1546 | V.S. Venkataraman | SVP & CS 1547 | G. Ramaseshan | Chief Executive 1548 | Binay Kumar Singh | VP 1549 | Amit Nandi | GM 1550 | D. Ravichandar | CEO 1551 | R. Dinesh | VP 1552 | R. Erkelenz | Manager 1553 | K. Nithyananda Reddy | MD 1554 | M. Sivakumaran | WTD 1555 | P.V. Ramprasad Reddy | Chairman 1556 | Rohit Tandon | GM 1557 | P.D. Chaudhari | WTD 1558 | Himanshu Parikh | ED 1559 | Vikas Arora | SVP 1560 | Makarand S. Padalkar | CFO 1562 | T.D. Thandava Murthy | SVP 1563 | Anjan Choudhary | CTO 1564 | Mayur Taday | Business Head 1565 | V. Shankar | EVP 1566 | Anju Bansal | WTD 1567 | S. Pramanik | MD 1568 | Kshitij Kumar | Manager 1569 | K. Trautmann | Supervisor 1570 | Manish V. Parekh | ED 1571 | B.P. Kalyani | ED 1572 | Sanjeev Marwah | GM 1573 | N. Kishore | President 1574 | W.W. Heslop | Pilot 1575 | Suren Jain | MD & CFO 1576 | Dinesh Kumar Jain | VC & MD 1577 | Vijay Kumar Jain | Jt MD 1578 | Anuj Kumar | Manager 1579 | Vinod Deshmukh | GM 1580 | P.M. Samvatsar | WTD 1581 | Narendra N. Pawar | Sr Manager 1582 | Rajnikant Sabnavis | Director 1583 | Usha Ramnani | ED 1584 | Vinod Ramnani | CMD u 76 u u 80.71 80.66 80.61 80.54 80.52 80.47 80.44 80.43 80.36 80.27 80.27 80.25 80.18 80.18 80.10 80.03 79.97 79.96 79.92 79.92 79.92 79.87 79.82 79.80 79.78 79.70 79.69 79.68 79.66 79.60 79.56 79.50 79.50 79.44 79.29 79.29 79.22 79.16 79.14 79.01 78.91 78.91 78.88 78.88 78.74 78.72 78.71 78.71 78.71 1585 | D. Arun Kumar | President 1586 | Rajan Varma | CFO 1587 | Harcharan Singh | Chief Executive 1588 | P.K.C.L. Singhee | President 1589 | Rambhau R. Kenkare | President 1590 | Maninder Juneja | SGM 1591 | S. Raghavan | SVP 1592 | M.P. Bade | GM 1593 | S. Vellanikaran | Reg Fin Controller 1594 | C. Chattaraj | SVP 1595 | S. Dilli Raj | CFO 1596 | Bikramjit Ahluwalia | CMD 1597 | G. Vivekanand | VC 1598 | Praful R. Naik | ED 1599 | S.K. Parik | Director 1600 | Armando R. Aguilar | Captain 1601 | Abhijit K. Avarsekar | VC & MD 1602 | L. Kishorebabu | CFO 1603 | Lourde R. Joseph | GM 1604 | R.C. Sequeira | ED 1605 | Akshaya M. Kamath | ED 1606 | Erwin H. Perez | Captain 1607 | Amit Gupta | VP 1608 | Manishi Dutt | VP 1609 | Pranay Kothari | ED 1610 | Sergio Carrasco | Captain 1611 | Vinay Baporikar | VP 1612 | Deven Buch | Head 1613 | Srikanth Sundararajan | COO 1614 | Tamir Kobrin | GM 1615 | A. Chabert | Manager 1616 | Puneet Chandra | VP 1617 | Nitin B. Vadia | SVP 1618 | N.B. Sohoni | Head 1619 | Sumant B. Ram | President 1620 | Majid Rahnavard | Manager 1621 | Anil Sachidanand | CEO 1622 | Fidahusein Y. Merchant | VP 1623 | M.R. Iyer | Chief Executive 1624 | K.Y. Rao | Sr Director 1625 | Raj Singh Tanwar | GM 1626 | Virendra Dhir | AGM 1627 | R.R. Darak | President 1628 | V.R. Venkatesh | SVP 1629 | Sanjay Singh | Head 1630 | Suresh Kumar | Chairman & CEO 1631 | Manash Baruah | Manager 1632 | K. Manivannan | President 1633 | Ashwani Kathuria | VP 1634 | Rajiv Goel | CFO HSIL Dabur Unichem Shiv-Vani Oil & Gas Thomas Cook ** ICICI Bank L&T Bajaj Auto Voltas EIH SKS Microfinance Ahluwalia Contracts Visaka Inds Bilcare Research Kesoram Inds Kingfisher Airlines Unity Infraprojects Divi’s Labs Biocon GlaxoSmithKline Pharma ** Syngenta Kingfisher Airlines Videocon Inds * Siemens * Polyplex Corp Kingfisher Airlines GTL GTL Presistent Systems Hotel Leelaventure Siemens * Wipro Lupin Pharma HUL DCM Voltas DHFL Bayer CropScience BASF Philips Electronics Punj Lloyd ICICI Bank Ambuja Cements ** Wipro Jubilant Organosys Jaiprakash Power Ventures HUL Consolidated Const Cons Mindtree ISMT 78.69 78.65 78.64 78.56 78.51 78.50 78.44 78.41 78.41 78.38 78.37 78.23 78.17 78.17 78.10 78.00 78.00 78.00 77.96 77.95 77.95 77.88 77.84 77.81 77.78 77.78 77.77 77.76 77.76 77.74 77.72 77.66 77.66 77.63 77.61 77.60 77.59 77.55 77.52 77.52 77.47 77.47 77.45 77.39 77.34 77.30 77.29 77.24 77.20 77.19 BSE Tata Metaliks Wipro HUL Kingfisher Airlines Dr. Reddy’s Labs Wyeth $ Sobha Developers HCC Tata Steel United Spirits BASF Tata Steel Bajaj Auto JSW Steel Infosys Siemens * Aurobindo Pharma Aurobindo Pharma Aurobindo Pharma HUL Kansai Nerolac Paints Gammon India GTL Oracle Financial Services Wipro BSE GTL Oracle Financial Services Hanung Toys Gulf Oil Corp Infosys Siemens * Nilkamal Bharat Forge Kingfisher Airlines Carborundum Universal Ashok Leyland Laxmi Precision Screws Laxmi Precision Screws Infosys Voltas Everest Kanto Cylinders Philips Electronics HUL Opto Circuits Opto Circuits 1499 | David Hurren | Commercial Director Voltas Glenmark Pharma Apollo Tyres Bombay Dyeing ICICI Bank Blue Star Tata Steel Infosys JSW Steel EIH Oracle Financial Services Infosys Puravankara Projects Kingfisher Airlines Shree Cement HUL Manugraph LG Balakrishnan & Bros Manugraph Infosys Transformers & Rectifiers (I) 82.07 1561 | Stephen X. Braganza | Group Head GTL 1512 | R. Kuntner | Commissioning Engineer Siemens * Tata Investment Corporation 81.29 Bombay Burmah Trading Corp 81.26 Kingfisher Airlines Voltas Videocon Inds * Punj Lloyd Aban Offshore ICICI Bank Dr. Reddy’s Labs Ambuja Cements ** Tata Steel Wipro ICICI Bank HUL 81.23 81.17 81.16 81.15 81.06 81.04 81.01 81.00 80.93 80.93 80.82 80.73 Jaiprakash Power Ventures 78.99 * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 The Highest Paid Executives In ` lakh 1635-1784 Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation 1635 | Amrut Kumar Rath | VP 1636 | Raghupathi N. Cavale | VP 1637 | Paramjit Guron | Pilot 1638 | Vinay Kushwaha | ED 1639 | Henry Frame | Technician 1640 | Debabrata Chakravorty | EVP 1641 | R. Ravimohan | ED 1642 | M. Sridhar | VP 1643 | Srinivas Rampalli | Sr Project Mgr 1645 | Kulbhushan Gupta | Head 1646 | R. Venkattesh | Head 1647 | K.M. Jayarao | SGM 1648 | Srinivas Rao | GM 1649 | Gagan Deep | Director 1650 | Subrata Ray | SVP 1651 | M. Ganguli | Regional Manager 1652 | N.V.S. Ramakrishna | VP 1653 | V. Thyagarajan | Director 1654 | I.D. Mittal | Chief ED 1655 | Sumant Misra | DGM 1656 | Balachandra Kulkarni | Head 1657 | P. Shyamsunder | VP 1658 | A. Issac George | Director & CFO 1659 | J. Ravichandran | Chief Mechanic 1660 | S.H. Venkatramani | President 1661 | Hridayeshwar Jha | VP 1662 | Ron Sommer | Director 1663 | S.A. Bidkar | CFO 1664 | Vinay Wadhwa | SVP 1665 | Anand Deshpande | CMD 1667 | Sreedhara R. Warrier | Partner 1668 | J.P. Agarwal | CMD 1669 | Jackson J. Sagawa | Captain 1670 | Ranjit Gupta | President 1671 | H.K. Oberoi | Corporate Chef 1672 | Ajay Vashi | Head 1673 | Perry Goes | DVP 1674 | Krishna Kumar Saha | VP 1675 | C. Steiner | Project Manager 1676 | Vimal Roy | Deputy Chief 1677 | H.P.U.K. Nair | WTD 1678 | Jude Magima | ED 1679 | Nitin Vaidya | COO 1680 | Chirag Doshi | MD 1681 | Ajay Saraf | SGM 1682 | V.J. Subramanian | Asst VP 1683 | Chandrashekar Khosla | Director 1684 | Hugo O. Dedekind | Director Bajaj Auto Infosys JSW Steel Dabur HCC Lupin Pharma Reliance Inds Infosys Infosys Jubilant Organosys Development Credit Bank ICICI Bank Kingfisher Airlines HUL ICRA HDFC Suven Life Sciences TCS Bajaj Hindusthan * Kingfisher Airlines HCC Britannia Inds GVK Power & Infra Aban Offshore Bajaj Hindusthan * Tata Steel TCS JK Lakshmi Cements Shree Cement Persistent Systems Infosys Surya Roshni Kingfisher Airlines Bajaj Finserv The Indian Hotels HUL United Breweries Punj Lloyd Siemens * Kingfisher Airlines Sesa Goa Dabur Zee Entertainment Walchandnagar Inds * ICICI Bank GTL HUL Goodyear ** 77.17 77.11 77.07 77.06 77.04 77.00 77.00 76.95 76.94 76.92 76.91 76.90 76.89 76.87 76.87 76.86 76.86 76.80 76.80 76.79 76.73 76.58 76.57 76.56 76.55 76.48 76.48 76.40 76.40 76.39 76.30 76.29 76.26 76.20 76.17 76.13 76.12 76.12 76.04 76.02 76.02 76.01 76.00 76.00 75.98 75.97 75.94 75.92 75.89 75.86 1685 | Rohan Rodrigues | EVP 1686 | K.P. Singh | WTD 1687 | Siby Abraham | VP 1688 | P.K. Sarkar | EVP 1689 | D. Kumaraswamy | President 1690 | P. Krause | Project Manager 1691 | Manish Dugar | SVP 1692 | P.D. Virkar | Programme Director 1693 | Mathew Job | Sr Director 1694 | K.R. Sanjiv | SVP 1695 | M.B. Gadgil | ED 1696 | V. Venugopal | Country Manager 1697 | Rakesh Jha | Dy CFO 1698 | I. Schneck | Manager 1699 | S. Ananda | Corporate Chef 1700 | Anil Chugh | SVP 1701 | Salil Taneja | CEO 1702 | S. Dhamodaran | SGM 1704 | G.R. Mohan | DGM 1705 | M.M.M. Reddy | WTD 1706 | Madhur Aneja | VP 1707 | Konnanath Gopikrishnan | AVP 1708 | Hitesh Vakil | President & CFO 1709 | P.S. Tandon | Exec President 1710 | Prabhakar D. Mallya | VP 1711 | P.S. Malik | Jt MD 1712 | Jai Bhagwan Goel | WTD 1713 | P.C. Nalwaya | MD 1714 | P.P.R. Rao | ED 1715 | Amit Dalmia | Manager 1716 | Mohit Hira | President 1717 | T.N. Tiwari | CPAO 1718 | Indira S. Mittra | DGM 1719 | Kiran Kumar | DVP 1720 | Thothathri Visvanathan | AVP 1721 | George J. Mammen | Manager 1722 | Vivek Sharma | Sr Director 1723 | Mukesh Jain | SGM 1724 | V.K. Gupta | Sr Director 1725 | Anirudh Singh | SVP 1726 | N.A. Soonawala | Director 1727 | Juan E. Soto | Captain 1728 | Diwakar Payal | Jt President 1729 | Ramni Nirula | SGM 1730 | S. M. Maheshwari | VP 1731 | Vimal Kapur | MD 1732 | T.R.C. Nair | ED 1733 | Vishal Suri | COO 1734 | Arjun Shahani | Sr Director u 85 u u Infinite Radico Khaitan Wipro EIH EID Parry Siemens * Wipro HUL Philips Electronics Wipro Graphite India Lupin Pharma ICICI Bank Siemens * The Indian Hotels Wipro ISMT ICICI Bank Kingfisher Airlines Aurobindo Pharma Infosys Zee Entertainment Bajaj Electricals Infosys Kirloskar Electric Co Omaxe Andhra Cements Ucal Fuel HUL NIIT ACC ** Kingfisher Airlines United Breweries Infosys Infosys Philips Electronics ICICI Bank Philips Electronics JSW Steel Tata Motors Kingfisher Airlines Shree Cement ICICI Bank JSW Steel Honeywell Automation Binani Inds Thomas Cook ** Philips Electronics 75.83 75.70 75.58 75.58 75.57 75.55 75.54 75.53 75.53 75.52 75.50 75.49 75.36 75.35 75.35 75.31 75.26 75.22 75.21 75.19 75.14 75.07 75.07 75.03 75.03 75.03 75.00 75.00 75.00 74.99 74.96 74.95 74.91 74.89 74.83 74.73 74.73 74.72 74.67 74.61 74.60 74.57 74.54 74.54 74.50 74.50 74.45 74.40 74.37 1735 | Laxmi Narasimhan | COO 1736 | Ashok Barat | MD 1737 | Ricardo Jaramillo | Captain 1738 | Jaydeep Chaudhuri | Sr Manager 1739 | K. Maier | Technician 1740 | Steven Haddaway | Captain 1741 | Pramod Rao | SGM 1742 | Archana A. Mittal | Jt MD 1743 | Girish Wardadkar | President & ED 1744 | G.M. Singhvi | WTD 1745 | Dilip G. Piramal | Chairman 1746 | Shailesh F. Shah | Group President 1747 | Haragopal Mangipudi | VP 1748 | T. Sankaralingam | MD 1749 | D. Indlekofer | MCE 1750 | Arvind Vasu | Business Manager 1751 | G.M. Rao | Chairman 1752 | S. Krishnan | VP 1753 | Pankaj Gaur | MD 1754 | A.K. Joshi | President 1755 | S. Rathinam | Director 1756 | Sanjay Sharangdhar | AVP 1757 | Sachin Khandelwal | SGM 1758 | P. Joehnck | Manager 1759 | R. Sundar | ED 1760 | Mauro O. De Cas | Captain 1761 | Yves Jean Dumont | Captain 1762 | Erik M. Vermeulen | Sr Director 1763 | Chandraketu Jha | VP 1764 | K. Visweswaran | Project Director 1765 | R.K. Singh | Director 1766 | Raja S.B. Valiveti | GM 1767 | Ibrahim Seddik | Manager 1768 | J.D. Deshpande | Chief Pilot 1769 | Angel A. Barcen | Captain 1770 | Yogesh Kamath | SVP United Spirits Forbes & Co Kingfisher Airlines Infosys Siemens * Kingfisher Airlines ICICI Bank Arshiya Int’l KPIT Cummins Infosystems Century Enka VIP Inds JSW Steel Infosys BGR Energy Siemens * ABB GMR Infra Infosys Jaiprakash Associates Voltas BGR Energy HCC ICICI Bank Siemens * Mastek # Kingfisher Airlines Kingfisher Airlines Philips Electronics Infosys Voltas BPCL Wipro Lupin Pharma Bajaj Auto Kingfisher Airlines GTL 74.26 74.16 74.15 74.11 74.09 74.07 74.05 74.03 74.02 74.00 73.95 73.95 73.94 73.91 73.88 73.88 73.86 73.84 73.78 73.75 73.70 73.59 73.58 73.50 73.38 73.36 73.32 73.30 73.25 73.24 73.22 73.20 73.14 73.11 73.11 73.04 72.97 72.96 72.94 72.89 72.86 72.80 72.74 72.67 72.58 72.51 72.50 72.48 1644 | P.M. Balakrishnan | Chief Executive BASF 1703 | Badrinath Durvasula | Group Head United Phosphorus Federal-Mogul Goetze India 75.12 1666 | Geoffrey Jesudason | Chief Examiner Kingfisher Airlines 1771 | Lalit Kumar Mehta | Exec President Bajaj Electricals 1772 | V.K. Prasad | Principal Tech Architect Infosys 1773 | Renato Storino | Captain 1774 | Vijayeendra S. Purohit | AVP 1775 | Dipankar Sarkar | SVP 1776 | Hemant B. Ram | COO & CFO 1777 | A. Banerjee | ED 1778 | K.C. Jain | Manager & Sr Pres 1779 | Brigit Zorniger | DGM 1780 | R. Sridhar | MD 1781 | Atul Gupta | SVP 1782 | Azam Monem | WTD 1783 | Suman Sasmal | VP Kingfisher Airlines Infosys McNally Bharat Engg DCM Kesoram Inds The Indian Hotels Oracle Financial Services McLeod Russel Infosys GlaxoSmithKline Pharma ** 72.77 Shriram Transport Finance Co 72.61 1784 | Mathias Belinraj | Country Manager R Systems Int’l ** * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 1785-1934 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 1785 | Massoud K. Moghadam | Captain 1786 | George R. John | Manager 1787 | Sanjeev Bhatia | VP 1788 | J.C. Laddha | ED 1789 | P.K. Jain | President 1790 | Pawan Kumar Gupta | President 1791 | T.K. Subramanian | Div VP 1792 | Anurag V. Sinha | AVP 1793 | Manish Kumar Garg | President 1794 | Rajnesh Bhatia | President 1795 | A.G. Khopkar | VP 1796 | Rahul Sethi | VP 1797 | Ankur Modi | Head 1798 | A.K. Sardana | ED 1799 | Ioanita Florian | Captain 1800 | S.K. Gupta | Jt President 1801 | Dipinder Singh | VP 1802 | Manish Chourasia | AGM 1803 | R.K. Birla | MD 1804 | Sanjay Trehan | SVP 1805 | P. Abhijit Bhushan | GM 1806 | P.N. Poddar | SVP 1807 | R. Rajagopala Menon | ED 1808 | Puneet Khurana | WTD 1809 | Smarajit Dey | President 1810 | Sidharth Tuli | President 1811 | Suresh Thawani | MD 1812 | V.K. Sharma | ED 1813 | Barun Das | CEO 1814 | Gautam Kumar Das | President 1815 | Uma Srinivasan | VP 1816 | John M.M. Shaw | VC 1817 | Vipin Tuteja | ED 1818 | A. Sudhakar | ED 1819 | V.B. Gadgil | SVP 1820 | R. Dalvi | EVP 1821 | R.M. Palamadai | SVP 1822 | V. Krishnamurthy | SVP 1823 | K. Vasudev | VP 1824 | Vijay V. Singh | COO 1825 | Punit Misra | GM 1826 | Aruna Panchal | GM 1827 | P.S. Rathore | GM 1828 | Sanjoy Pasricha | VP 1829 | Anil Channa | Dy MD 1830 | D.R. Balakrishna | AVP 1831 | K.R. Naik | Chairman 1832 | R.K. Singh | SVP 1833 | Ashok Sinha | CMD 1834 | Marciano Merlo | Manager Kingfisher Airlines HUL Wipro RSWM Parsvnath Developers Parsvnath Developers United Spirits Infosys Everest Inds Abhishek Inds Bajaj Auto Videocon Inds * HUL Tata Power Kingfisher Airlines Ambuja Cements ** Goodyear ** ICICI Bank Sujana Metals * Panacea Biotec Kingfisher Airlines United Spirits Ashok Leyland Everest Kanto Cylinders NIIT Punj Lloyd Tata Sponge Iron United Spirits Zee News Orchid Chem & Pharma Dolphin Offshore Biocon Xerox India Dabur L&T Siemens * Peninsula Land L&T Atul The Indian Hotels HUL HCC EIH Hotel Leelaventure SKNL Infosys Smartlink Network Sys Hotel Leelaventure BPCL Punj Lloyd 72.46 72.44 72.43 72.42 72.40 72.40 72.36 72.36 72.34 72.34 72.33 72.23 72.14 72.13 72.12 72.09 72.04 72.03 72.00 71.88 71.85 71.79 71.77 71.77 71.76 71.71 71.67 71.65 71.60 71.47 71.45 71.44 71.32 71.31 71.29 71.27 71.27 71.25 71.23 71.23 71.17 71.16 71.11 71.08 71.06 71.05 71.04 71.00 70.96 70.96 1835 | Suryanarayana Valluri | VP 1836 | Rakesh Mittal | CEO 1838 | P.N. Wahal | Head 1839 | O.K. Thomas | Project Director 1841 | Ravi Kiran | AVP & Principal 1842 | Rajiv Raghu | AVP 1843 | K.R. Lakshminarayana | CSO 1844 | I.B. Hemrajani | Chief Risk Officer 1845 | Deepak Mehta | WTD 1846 | Sandeep Rao | VP 1847 | Bed P. Upreti | Captain 1848 | Mahendra R. Mehta | CMD 1849 | K. Jayarajan | DGM 1850 | P. Dwarakanath Reddy | MD 1851 | Mohnish S. Chadda | Examiner 1852 | Aaron Taylor | COO 1853 | Sanjay Gupta | WTD 1854 | Aankur Patni | ED 1855 | Milind Bengali | Group Head 1856 | Ripon Rashid | Directional Driller 1857 | T. Rose | Supervisor 1858 | Vivek Kumar Singh | Manager 1859 | Anant Iyer | Div VP 1860 | Deepa H. Misra | VP 1861 | Vir S. Advani | ED 1862 | Thuraiur S. Krishnamurthy | VP 1863 | V.S. Chawla | RCVP 1864 | Ramdas K.S. | Head 1865 | Jayant M. Sathaye | ED 1866 | Syed Z. Ahmed | Project Director 1867 | C.R. Rajan | Exec Under Deputation 1868 | V. Subramanyam | GM 1870 | Prabhu Nath Misra | ED 1871 | K.S. Kumar | VP 1872 | Uday Sodhi | CEO 1873 | G. Hemanth Kumar | GM 1874 | S. Ramakrishna | GM 1875 | S. Devendra Rao | GM 1876 | K. Ghatge | EVP 1877 | Ramakanth Desai | SVP 1878 | C.M. Ashok Muni | Director & COO 1879 | N.D. Shetty | CMD 1880 | Perwez Alam | VP 1881 | Guido de Boer | CFO 1882 | A. Wolters | Supervisor 1883 | Mecheneni R. Rao | VP 1884 | N.S. Babu | Sr Manager u 86 u u Wipro Vardhman Polytex Apollo Tyres Voltas Infosys Infosys Wipro Wipro Precision Wires India Biocon Kingfisher Airlines Precision Wires India Aban Offshore Nippon Kingfisher Airlines Nelcast Jagran Prakashan ION Exchange GTL Shiv-Vani Oil & Gas Siemens * HUL United Spirits The Indian Hotels Blue Star Wipro HUL Development Credit Bank JSW Steel Voltas EID Parry Wipro Ansal API AstraZenca ** Balaji Telefilms Divi’s Labs Divi’s Labs Divi’s Labs Siemens * Wipro Nagarjuna Agrichem Haldyn Glass Guj HCC United Breweries Siemens * Bayer CropScience Infosys 70.94 70.91 70.90 70.90 70.89 70.88 70.86 70.85 70.80 70.79 70.76 70.73 70.73 70.71 70.67 70.66 70.65 70.63 70.61 70.56 70.56 70.55 70.54 70.53 70.51 70.49 70.42 70.41 70.30 70.26 70.26 70.22 70.15 70.09 70.08 70.07 70.07 70.00 70.00 70.00 70.00 69.99 69.98 69.96 69.91 69.91 69.89 69.85 69.84 69.82 1885 | Manmath Kulkarni | SVP 1886 | Sebastian K. Thomas | CEO 1887 | Harish Bahadur | Head 1889 | M. Ramakrishnan | AVP 1890 | Kaushik Banerjee | President 1891 | Pramod K. Sanghi | President 1892 | Sameer Kanwar | Jt MD 1893 | T.R. Seetharaman | CFO 1894 | Sunil Srivastava | ED 1895 | Anurag Srivastava | VP 1896 | G.R. Srinivas | Consultant 1897 | Arun K. Sharma | Head 1898 | Madhusudhan Rao | Sr Director 1899 | Sanjay Raina | EVP 1900 | Rajiv Gujral | SVP 1901 | Samarjeet Singh Chee | DGM 1902 | Anil Jain | VP 1903 | Murray Upson | Head 1904 | Ishwar C. Halalli | AVP 1905 | S. Ramanujam | Exec VP 1906 | Lai Chun Wong | JGM 1907 | Robert R. Mac Ln | Captain 1908 | H.C. Satish | AVP 1909 | Prakash K. Shroff | ED 1910 | A.K. Modani | SVP 1911 | Rajiv Kothiyal | Examiner 1912 | Christophe Germain | CFO 1913 | A. Sharma | EVP 1914 | S.S. Khanolkar | President 1915 | Saurabh Kumar Lal | Head 1916 | Sumit Guha | VP Oracle Financial Services EID Parry Apollo Tyres Infosys Nucleus Software Bharat Gears CCCL Xerox India Wipro Oracle Financial Services Jubilant Organosys Sanofi Aventis ** United Spirits The Indian Hotels Kingfisher Airlines Bayer CropScience Greenply Inds Infosys United Breweries Holdings ICICI Bank Kingfisher Airlines Infosys Excel Crop Care Videocon Inds * Kingfisher Airlines Sanofi Aventis ** Chambal Fert & Chem Navin Fluorine Int’l HUL The Indian Hotels 69.82 69.81 69.80 69.80 69.74 69.66 69.60 69.59 69.58 69.53 69.53 69.42 69.37 69.36 69.33 69.31 69.30 69.26 69.24 69.20 69.18 69.17 69.17 69.16 69.13 69.10 69.09 69.04 69.04 69.03 69.00 69.00 69.00 68.99 68.95 68.94 68.82 68.80 68.77 68.71 68.67 68.67 68.66 68.64 68.64 68.60 68.58 68.56 1837 | Desmond Greensmith | Team Leader Voltas 1888 | Mohd. Aslam Farooqui | Sr Proj Mgr Voltas 1840 | D.L. Chumble | Chief Peoples Officer Hexaware Tech ** Cholamandalam Invest & Fin 69.67 1917 | M. Ramesh Babu | Chief Technologist Divi’s Labs 1918 | P. Srinivasa Rao | Chief Technologist Divi’s Labs 1919 | J.K. Suresh | AVP 1920 | M. Subba Rao | VP 1921 | Manu Sood | GM 1922 | Jeh Wadia | Dy MD 1923 | Deepak N. Hoshing | AVP 1924 | Abhay Firodia | Chairman 1925 | Julius A. Vaz | SVP 1926 | Praveen A. Kutty | Head 1927 | Vernon Saldanha | Check Pilot 1928 | Naveen Chadha | Head 1929 | Sanjay Mohan | AVP 1930 | Harsh Bhatia | VP 1931 | Jairaj Thyagraj | Sr Consultant 1932 | T.R. Gopi Kannan | President 1933 | Sunil Gupta | WTD 1934 | M. Slorga | Engineer Infosys VST Inds HUL Infosys Force Motors Dr. Reddy’s Labs Development Credit Bank Kingfisher Airlines ACC ** Infosys Wipro Oracle Financial Services Atul Jagran Prakashan Siemens * 1869 | Prashant Bangur | Exec Jt President Shree Cement Bombay Burmah Trading Corp 68.93 * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 The Highest Paid Executives In ` lakh 1935-2051 Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation 1935 | Christopher Newbery | GM 1936 | G. Venkatesh | CTO 1937 | Sushant Kumar | GM 1938 | Nitin Anand | Examiner 1939 | T.M. Bhandari | SVP 1940 | Arvind Vasudeva | Ex-MD 1941 | P. Chandra Tripathi | VP 1942 | Sanker Parameswaran | VP 1943 | A.R. Desai | Jt President 1944 | Y. Srinivasa Rao | ED 1945 | Dhirendra M. Gupta | WTD 1946 | Carlos L. Araya Ar | Captain 1947 | Raju Kaul | President 1948 | D. Selvan | SVP 1949 | Maria P. Monta | Captain 1950 | J.C.A. D’Souza | Sr GM 1951 | K. Dubsky | Chief Supervisor 1952 | Harsha Lal | VP 1953 | S. Madhavan | VP 1954 | Meera G. Rajeevan | AVP 1955 | B.B. Gadeock | Manager 1956 | Paul H. Moulinier | Captain 1957 | Gerry Tham | Chief Merchandiser 1958 | Vivek Bhasin | VP 1959 | C. Sudhakar | Director 1960 | Jose P.M. Mungu | Captain 1961 | Zoran Rakic | Captain 1962 | A.K. Dixit | EVP 1963 | Gopal Anand | CMD 1964 | Arvind Mehrotra | EVP 1965 | R.S. Datta | Chief Pilot 1967 | Anil Nair | MD 1968 | Nayan S. Parekh | ED 1969 | Mahendra M. Gupta | CMD 1970 | Shashank Shanbhag | VP 1971 | Bharat Mehta | VP 1972 | Luis Angel A. Ara | Captain 1973 | Subhasish Dey | Project Director Hotel Leelaventure ICICI Bank Kingfisher Airlines DCW RPG Life Sciences Bajaj Auto The Indian Hotels Ambuja Cements ** Everest Inds Jagran Prakashan Kingfisher Airlines Punj Lloyd Wipro Kingfisher Airlines HDFC Siemens * Wipro Wipro Infosys HUL Kingfisher Airlines Bata India ** Wipro Chettinad Cements Kingfisher Airlines Kingfisher Airlines Siemens * Ansal Buildwell NIIT Tech EIH Avaya Global Connect * Nilkamal Jagran Prakashan AstraZenca ** Oracle Financial Services Kingfisher Airlines Voltas 68.53 68.46 68.44 68.43 68.43 68.39 68.38 68.35 68.34 68.33 68.32 68.31 68.24 68.18 68.16 68.11 68.06 68.06 68.02 68.01 67.99 67.97 67.96 67.96 67.90 67.90 67.84 67.80 67.77 67.76 67.75 67.72 67.68 67.68 67.65 67.62 67.59 67.55 1974 | Rajeev Pandey | Captain 1975 | Luciano Giorgi | VP 1976 | Pujit Aggarwal | MD & CEO 1977 | P.S.R.V.K. Ranga Rao | ED 1978 | George Angelo | EVP 1979 | Hector O. Gonz | Captain 1980 | D. Raghuram | President Kingfisher Airlines Punj Lloyd Orbit Corporation The Andhra Sugars Dabur Kingfisher Airlines Tube Investments of India 67.52 67.50 67.50 67.47 67.45 67.44 67.39 67.36 67.35 67.35 67.35 67.35 67.32 67.26 67.26 67.26 67.15 67.13 67.08 67.06 67.04 67.00 66.97 66.95 66.94 66.93 66.89 66.87 66.83 66.82 66.76 66.73 66.65 66.61 66.59 66.57 66.56 66.51 66.51 2013 | Subhash V. Udeshi | Director 2014 | J. Ganguly | Head 2015 | Anil K. Jain | SVP 2017 | Atul Samalia | Head 2018 | Srinivasan Raghavan | AVP 2019 | Tejinder Singh G. Pal | Check Pilot 2020 | A.S. Johar | Director 2021 | Mohini Dutta | ED 2022 | I. Vijaykumar | CTO 2023 | Aung Myint | Captain 2025 | K.K. Karkera | Business Manager 2026 | R. Narasimhan | SVP 2027 | Nirmal Bhogilal | CMD 2028 | Shailesh Gupta | WTD 2029 | Upal Roy | CSO 2030 | Marco T. Espinosa | Captain 2031 | Jimmy Mogal | VP 2032 | V.R. Mahadevan | Director 2033 | V.S. Padmanabhan | SVP 2034 | Robert Barlow | Head 2035 | Sofia Mumtaz | EVP 2036 | Andrew G. Kent | Design Engineer 2037 | Vikas Mittal | EVP 2038 | Madhusudana Rao Divi | Director 2039 | Y.T.S. Prasad | GM 2040 | Paurus M. Irani | VP\ 2041 | Aditya Kumar Jajodia | MD 2042 | T.K. Srirang | GM 2043 | Moorthi Chokanathan | EVP 2044 | Khin Maung San | Captain 2045 | Pritpal Singh Arora | Check Pilot 2046 | Armando B.H. Duenas | Captain 2047 | Deepak Swamy | AVP 2048 | Himmat Singh Lagad | ED 2049 | G. Srinivas | GM 2050 | V.P. Kulkarni | Company Secretary 2051 | Anuradha Aggarwal | Manager Jayant Agro Organics L&T Wipro Bayer CropScience Infosys Kingfisher Airlines Unitech The Indian Hotels Wipro Kingfisher Airlines Infosys Oracle Financial Services Batliboi Jagran Prakashan Cosmo Films Kingfisher Airlines HCC BGR Energy Wipro Hotel Leelaventure Lupin Pharma Voltas Dabur Divi’s Labs Divi’s Labs AstraZeneca ** Assam Company India ICICI Bank Hexaware Tech ** Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines Infosys Gati ICICI Bank HCC HUL 66.51 66.51 66.50 66.44 66.44 66.43 66.41 66.40 66.38 66.36 66.35 66.30 66.28 66.23 66.22 66.21 66.20 66.19 66.19 66.18 66.11 66.07 66.06 66.02 66.01 66.00 66.00 66.00 66.00 65.98 65.98 65.94 65.94 65.91 65.89 65.86 65.86 65.85 65.84 Sasken Communication Tech 68.47 2016 | Vijay Wadhwa | CFO & Co. Secretary ICRA 1981 | Shalini D. Degan | Category Director Britannia Inds 1982 | M. Garware Modi | Vice Chairperson Garware Polysters 1983 | M.S. Adsul | Director 1984 | S.B. Garware | CMD 1985 | Sarita Garware | Jt MD 1986 | A. Vasudevan | VP 1987 | H. Patel | President 1988 | V.K. Goel | Chairman 1989 | Vijay K. Arora | ED 1990 | Alfredo F. Gut | Captain 1991 | Vivek Govilkar | Head 1992 | Tissa D.D. Ashan | Line Captain 1993 | Ashishkumar Chauhan | Dy CEO 1994 | K. Rajagopal | WTD & CFO 1995 | A. Rajeswara Rao | President 1996 | Joydeep Mukherjee | VP 1997 | Ashish Basu | President 1998 | C.N. Murthy | ED & COO 1999 | Rajive Saharia | ED 2000 | Anand Khurana | Head 2001 | Pramod Khatri | Captain 2002 | Purushotam Hinduja | Pilot 2003 | Dumisani Moyo | Captain 2004 | Sourav Sinha | CIO 2005 | K.L. Udani | ED 2006 | Sangeeta Mhatre | SGM 2007 | Dinesh Singh Dhillon | Pilot 2008 | S.V. Subrahmanya | VP 2010 | Harsh Verma | VP 2011 | Abhay V. Udeshi | Director 2012 | Hemant V. Udeshi | MD Garware Polysters Garware Polysters Garware Polysters Wipro Ambuja Cements ** Dhampur Sugars * Kingfisher Airlines Kingfisher Airlines Oracle Financial Services Kingfisher Airlines BSE ABB Tube Investments of India Infosys NIIT The Paper Products ** Ashok Leyland HUL Kingfisher Airlines Ashok Leyland Kingfisher Airlines Kingfisher Airlines JB Chem & Pharma ICICI Bank JSW Steel Infosys R Systems Int’l ** Jayant Agro Organics Jayant Agro Organics 2024 | K.N. Sastry | Chief Scientific Manager Biocon 1966 | A. Rahman | Processing Tech Leader HUL 2009 | Preobroto Ganguly | Chief Executive BASF * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End u 87 u u The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 2052-2201 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 2052 | M.M. Miyajiwala | EVP 2053 | Moe Htaik Kyaw | Captain 2054 | Dinesh Yadav | CEO 2055 | Sanjoy Paul | AVP & GM 2057 | Alejandro L. Pal | Captain 2059 | Arindam Bose | VP 2060 | Bhaskar Rao Pawar | Manager 2061 | Devendra Garg | ED 2062 | Digvijay M. Kudtarkar | VP 2063 | V.C. Bedi | EVP 2064 | A.C. D’Souza | Tool Pusher 2065 | N. Saravanan | Special Director 2066 | V. Marwaha | EVP 2067 | Gopal Sharma | Sr Manager 2068 | K.C. Kushalappa | Rig Manager 2069 | B. Adiga Ramakrishna | GM 2070 | Sanjay Shelvankar | VP 2071 | Doicescu Gheorghe | Captain 2072 | Vikas Sabharwal | Manager 2073 | Haish J. Shah | SVP 2074 | M. Manickam | VC & MD 2075 | Bobby P. Golshani | Captain 2076 | Sanjay Gehani | Sr MEP 2077 | Binod K. Maitin | SVP 2078 | Gomah T. Taphet | Captain 2079 | Shrivardhan Goenka | ED 2080 | Kang K. Singh | VP & GM 2081 | Ashok Kumar Aggarwal | SVP 2082 | Rishi R. Chatterjee | Examiner 2083 | Ajit G. Nambiar | CMD 2084 | Ramesh Chandra Sharma | SVP 2085 | Prashant Tyagi | Head 2086 | Kul Taran Singh Anand | CFO 2087 | Narendra K. Gogula | AVP 2088 | P.V. Varghese | CEO 2089 | Charles H. Hawkes | VP 2090 | K.P. Gopala Krishnan | VP 2091 | Suresh D. Tripathi | President 2092 | Asim Chakraborty | WTD 2093 | M.G. Subrahmanyam | Director 2094 | Pushpa K. Avarsekar | ED 2095 | A.R. Sarkar | GM 2096 | Zetterling Goran | Manager 2097 | Pradeep Parakh | President 2098 | Kishore Shah | Director & CFO 2100 | S. Soni | GM 2101 | Juan Jose J. He | Captain Voltas Kingfisher Airlines Arvind Mills Infosys Kingfisher Airlines Videocon Inds * Punj Lloyd Dabur HCC L&T Aban Offshore Ashok Leyland Chambal Fert & Chem Voltas Aban Offshore Bajaj Auto Mindtree Kingfisher Airlines HUL Wipro Sakthi Sugars ** Kingfisher Airlines Voltas United Spirits Kingfisher Airlines Andhra Cements The Indian Hotels JSW Steel Kingfisher Airlines BPL JSW Steel B.L. Kashyap & Sons NIIT Tech Infosys Sobha Developers Infosys Dr. Reddy’s Labs SRF Welspun Infosys Unity Infraprojects BPCL ABB Bajaj Hindusthan * Balrampur Chini Mills EIH Kingfisher Airlines 65.81 65.78 65.77 65.77 65.76 65.73 65.73 65.71 65.70 65.70 65.63 65.62 65.56 65.54 65.54 65.48 65.48 65.45 65.44 65.40 65.38 65.38 65.34 65.34 65.33 65.31 65.28 65.28 65.24 65.22 65.21 65.14 65.13 65.12 65.11 65.08 65.04 65.03 65.03 65.01 65.00 65.00 65.00 64.96 64.94 64.92 64.92 64.89 64.84 64.83 2102 | Vivek Subramanian | GC 2103 | Deepak Jain | SVP 2104 | S. Hariharan | SVP 2105 | Shalaka D. Gulabchand | VP 2106 | Raul A. Alaniz | Captain 2107 | Sanjeev Kumar | Director 2108 | P. Prasannavadanan Thampi | VP 2109 | Vijay Mallya | Chairman 2110 | Juan N. Sanchez | Captain 2111 | Rahul Kumar Shaw | Head 2112 | Shirish Ghoge | Sr Director 2113 | S.M. Momaya | WTD & CFO 2114 | Bharat L. Sampat | CFO 2115 | Anita Arjundas | MD & CEO 2116 | P. Gopalakrishna | SVP 2117 | Hoshedar Contractor | VP 2118 | S. Talwar | Sr Director 2119 | Vikas Aggarwal | SVP 2121 | E.L. Miller | Pilot 2122 | A.K. Gupta | GM 2124 | Duke E. Long Ii | Captain 2125 | Rudratej Singh | R&D 2126 | Rakesh M. Asrani | Brand Director 2127 | Jose M. Uzcategu | Captain 2128 | Vikram Grover | GM 2129 | Raju N. Bhaskar | EVP 2130 | Nirmal Chandra | President 2131 | Iqbal N. Zaidi | GM 2132 | Kishore Kumar Mohanty | WTD 2133 | N. Kannan | President 2134 | Kalpesh A. Patel | ED 2135 | Ang Gelu Sherpa | Captain 2136 | M.U. Takale | SVP 2137 | Mathew Xavier | Div VP 2138 | Sobha N. Rao | Manager 2139 | C.D.R. Nilendra Nigam | EVP 2140 | Pavan Rishi | Captain 2141 | Carlos A. Par | Captain 2142 | Lilian J. Paul | Chief Mktg Officer 2143 | Rajesh Malik | Instructor 2144 | Sanjay Chougule | SGM 2146 | Ajay B. Baliga | EVP 2147 | Anish A. Singh | Head 2148 | Sanjay Mehta | MD 2149 | Ramesh S. Shankar | SVP 2150 | V. Srinivasan | VP 2151 | Sanjay Kumar Bang | SVP u 88 u u HUL Wipro Oracle Financial Services HCC Kingfisher Airlines Bajaj Hindusthan * Oracle Financial Services United Breweries Kingfisher Airlines Zee Entertainment Sanofi Aventis ** Alstom Projects Development Credit Bank Mahindra Lifespace Coromandel Int’l Wipro Philips Electronics ICRA Bajaj Auto Britannia Inds Kingfisher Airlines HUL HUL Kingfisher Airlines HUL L&T ISMT Punj Lloyd SREI Infra Finance Punj Lloyd Nirma Kingfisher Airlines Bharat Forge United Spirits Infosys L&T Kingfisher Airlines Kingfisher Airlines Wipro Kingfisher Airlines ICICI Bank United Spirits HUL ABB Oracle Financial Services GTL 64.82 64.80 64.80 64.80 64.75 64.75 64.74 64.67 64.63 64.63 64.59 64.58 64.56 64.56 64.55 64.54 64.53 64.50 64.50 64.49 64.48 64.47 64.46 64.45 64.40 64.37 64.36 64.34 64.34 64.33 64.32 64.31 64.31 64.30 64.25 64.24 64.21 64.20 64.17 64.13 64.13 64.09 64.08 64.08 64.07 64.06 64.05 64.04 64.02 2152 | N.S. Balasubramanian | SVP 2153 | Venkata Subramaniam | CEO 2154 | S.K. Joshi | Director 2155 | Shanthinath N. Bellur | Manager 2156 | Holger G. Manriqu | Captain 2157 | Arun L. George | SVP 2158 | Madhusudhan Rao | VP 2159 | Louis De V. Allistair | Captain 2160 | R. Shankar | COO 2161 | A.K. Goel | VC 2162 | Ravi S. Gupta | SVP 2163 | Vibhav Ramrao | Head 2164 | Aung Than | Captain 2165 | Pramod Sharma | Examiner 2166 | Rakesh Kapoor | Examiner 2167 | Randal P. Roach | Captain 2168 | Hovari A. Fiall | Captain 2169 | J.D. Palod | Sr President 2170 | M. Ramabhadran | Sr GM 2171 | K. Narasimha Reddy | MD 2172 | V.S.N. Murty | CFO 2173 | R.M. Gala | VP 2175 | Samardeep Subandh | Manager 2176 | Sergio E. Vald | Captain 2177 | D.M. Save | Manager 2178 | Jose T. Neto | Captain 2179 | B. Shanthikaran | Manager 2180 | Sunil Chand Singhai | VP 2181 | Stephen Remedios | Head 2182 | Abhishek | AVP 2184 | Rakesh Chhabra | VP 2185 | Nay Ko Ko Naing | Captain 2187 | Ravi Pratap Singh | President 2188 | Partha Sarathi De | CFO 2189 | P. Vijaya Bhaskar Reddy | Dy MD 2190 | S. Krishnan | President 2191 | Peter A. Fiwa | Captain 2193 | N. Venkataramani | WTD 2194 | Shailesh Kumar Agrawal | AVP 2195 | Lars A. Bengtsson | VP 2196 | Bhadresh K. Shah | MD 2197 | N.P. Seetharam | Head 2198 | Chitsime A. Wale | Captain 2199 | K.V.S. Ram Rao | VP 2200 | L.R. Tandon | SVP 2201 | A.A. Kapur | Business Head Wipro Oracle Financial Services BPCL Infosys Kingfisher Airlines Coromandel Int’l HUL Kingfisher Airlines EIH Dhampur Sugars * Jubilant Foodworks HUL Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines Kesoram Inds HDFC KNR Constructions Tata Steel Siemens * HUL Kingfisher Airlines HUL Kingfisher Airlines Infosys Dr. Reddy’s Labs HUL Infosys Alembic Kingfisher Airlines Nucleus Software Panacea Biotec Nelcast Zuari Inds Kingfisher Airlines Graphite India Infosys Alfa Laval AIA Engg HUL Kingfisher Airlines Dr. Reddy’s Labs Jubilant Organosys Ambuja Cements ** 64.01 63.98 63.97 63.96 63.94 63.94 63.92 63.92 63.91 63.90 63.90 63.89 63.86 63.86 63.85 63.84 63.83 63.82 63.81 63.79 63.74 63.72 63.69 63.66 63.66 63.66 63.65 63.63 63.62 63.60 63.55 63.50 63.47 63.47 63.43 63.43 63.38 63.36 63.35 63.34 63.33 63.33 63.32 63.30 63.26 63.24 63.22 63.16 63.16 63.13 2056 | Willem M. du Plessis | Group Head BASF 2058 | Mohd Iqbal Faizan | Sr Project Mgr Voltas 2120 | Smita Bhosale | Regional CMI Head HUL 2123 | Gopal Mishra | Commercial Manager HUL 2174 | Emmanuel Colombier | Ex-VC & MD Alstom Projects 2183 | A. Prasad | Chief Resident Executive Tata Steel 2186 | R. Immand | Field Service Supervisor Siemens * 2192 | Chandan Singh Sengar | President Jubilant Organosys 2145 | A.S. Sundararaman | Chief Manager Indian Oil Corp Essar Shipping, Ports & Log. 64.05 2099 | R. Sachdeva | Chief Internal Auditor ACC ** * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 2202-2351 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 2202 | K.R. Visvanath | VP 2203 | Ashish Bobtiwale | Associate VP 2204 | Amitabh Pandey | President 2205 | Vijay Kumar Agarwal | Check Pilot 2207 | Shibi Emmanuel | Add’l GM 2208 | Juan Carmona | Captain 2209 | Cano J. Isaac Gom | Captain 2210 | Raju Rajbanshi | Captain 2211 | M.S. Dhonde | Sr Manager 2212 | A. Dinakar | WTD 2213 | P.N. Iyer | Director 2214 | Saurabh Singh | GM 2215 | Harish Sharma | Project Director 2216 | Ajay Kukreja | Instructor 2217 | M. Niedermeier | Site Engineer 2218 | S. Venkatraman | Chairman & CEO 2219 | Y. Madhava Reddy | VP 2221 | Pankaj Kapoor | MD 2222 | Milind Bapat | SVP 2223 | Y. Parmeswar | VP 2224 | Aryan Goyal | ED 2225 | Vilas Dahanukar | VP 2226 | Anil Gupta | Jt MD 2227 | Gour Mukherji | Head 2228 | V.R. Singh | GM 2229 | Harish V. Iyer | VP 2230 | Nagamani Murthy | VP 2231 | Yogesh K. Rathore | Manager 2232 | M. Balasubramanian | President 2233 | M.R. Shankar | Head 2234 | Fredrick Chola | Captain 2235 | D.V. Rao | Ex-WTD 2236 | Maas H. Deane | Line Captain 2237 | Sanjeev Mantri | GM 2238 | Jyoti Narang | COO 2239 | S.N. Roy | EVP 2240 | G. Shiv Kumar | Instructor 2241 | Vikram Gupta | SVP 2242 | S.N. Subrahmanyan | EVP 2243 | A.R.S. Kumar | Dy Project Director 2244 | Ravi Verma | President 2245 | Deepak Jain | Sr ED 2246 | Rajesh Bhat | Instructor 2247 | Mandeep Singh Tuli | Head 2248 | Suprio Sengupta | VP 2249 | Kaushik Roy | Group Head 2250 | Michael V. Laysaught | Manager 2251 | Ayad Farhat | Manager HCC Alembic Thomas Cook ** Kingfisher Airlines Punj Lloyd Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines Voltas Kennametal India # ACC ** ICICI Bank Voltas Kingfisher Airlines Siemens * Zylog Systems VST Inds Harrisons Malayalam GTL Infosys Nectar Lifesciences Dr. Reddy’s Labs Havells Jubilant Organosys EIH Biocon Wipro Infosys Atul L&T Kingfisher Airlines Lanco Infra Kingfisher Airlines ICICI Bank The Indian Hotels L&T Kingfisher Airlines Oracle Financial Services L&T Voltas Nucleus Software Lumax Inds Kingfisher Airlines HUL Wipro Apollo Tyres Voltas Punj Lloyd 63.13 63.11 63.08 63.01 63.00 62.96 62.96 62.95 62.93 62.92 62.92 62.87 62.81 62.80 62.79 62.77 62.73 62.73 62.71 62.71 62.70 62.69 62.68 62.67 62.65 62.63 62.63 62.62 62.62 62.61 62.61 62.55 62.52 62.50 62.49 62.48 62.44 62.43 62.41 62.39 62.39 62.38 62.37 62.35 62.34 62.33 62.29 62.20 62.19 62.18 2252 | Oliver L. Kosonen | Captain 2253 | T.S. Venkataramanan | VP 2255 | Basudeo Prasad Modi | Dy MD 2256 | George Verghese | WTD 2257 | Amod Kumar | Manager 2258 | Amit Bajaj | Check Pilot 2260 | Ivan Jalaluddin | Instructor 2261 | N.R. Narayanan | GM 2262 | S.A. Iyengar | Independent Director 2263 | Sharon Pereira | Sr Manager 2264 | Siddhartha Kaushal | Check Pilot 2265 | S. Radhakrishnan | Director 2266 | Kapil Gupta | SVP 2267 | Pankaj Ganjoo | DGM 2268 | Ram C. Mohan | SVP 2269 | D.S. Murthy | Manager 2270 | Ramesh Nagarajan | COO 2271 | P. Ramnath | Head 2272 | Purusha Q.M. Martin | Captain 2273 | A.S. Radhakrishna | President 2274 | Anil Gole | SVP 2275 | Vijay Menon | Manager 2276 | Devesh S. Sahney | Director 2277 | Ashok K. Bangera | Manager 2278 | T. Baskar | Instructor 2279 | P. Kaniappan | WTD 2280 | Suresh Badami | GM 2281 | Sandipta Bose | Manager 2282 | K.S. Narayanan | GM 2283 | Pradeep Kumar Mishra | Captain 2284 | K.J. Pardiwalla | MD 2285 | Alok Jain | VP 2286 | Sergio E. Marti | Captain 2287 | Susheel Kumar Kaul | CEO 2288 | Anshu S. Kalra | Instructor 2289 | G. Ravi Prasad | SVP 2290 | Mtende K. Sil | Captain 2291 | Johan L. Kappe | Captain 2292 | Jose M. Uzcategu | Captain 2293 | P.L. Malarkar | EVP 2294 | J.R.W. Begg | Head 2295 | C.V.S. Ravi | Instructor 2296 | Manoj Gupta | Group CFO 2297 | Edgar A. Kaunda | Captain 2298 | Prasad Naik | VP 2299 | B.D. Mundhra | CMD 2300 | H. Knoblich | Supervisor 2301 | Sachidanand Singh | Manager u 90 u u Kingfisher Airlines Infosys Visa Steel Batliboi Voltas Kingfisher Airlines Kingfisher Airlines ICICI Bank Infosys HUL Kingfisher Airlines BPCL Oracle Financial Services ICICI Bank Mindtree Voltas Wipro Jubilant Organosys Kingfisher Airlines Bajaj Electricals Voltas HUL NRB Bearings Infosys Kingfisher Airlines Wabco-TVS (I) ICICI Bank Aban Offshore HUL Kingfisher Airlines Standard Inds Wipro Kingfisher Airlines Arvind Mills Kingfisher Airlines Coromandel Int’l Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines EIH Ashok Leyland Kingfisher Airlines Advanta India ** Kingfisher Airlines Ingersoll Rand Simplex Infra Siemens * Infosys 62.17 62.13 62.11 62.08 62.06 62.06 62.05 62.03 62.02 62.00 62.00 62.00 61.98 61.98 61.97 61.96 61.94 61.93 61.92 61.91 61.90 61.87 61.86 61.83 61.82 61.82 61.79 61.73 61.72 61.70 61.69 61.69 61.67 61.67 61.62 61.57 61.57 61.56 61.55 61.53 61.52 61.47 61.46 61.46 61.44 61.43 61.41 61.40 61.31 61.30 2302 | Prakash Pai | President 2303 | Murali Ramakrishnan | GM 2304 | Antione Diadhiou | Captain 2305 | Dinesh Kant Sharma | Instructor 2306 | Yashveer Sant Kumar | Captain 2307 | Nachiket Pantvaidya | CEO 2308 | Sikandar Sharma | Manager 2309 | Rosita Rabindra | EVP 2310 | B.A.S. Bhar | Master 2311 | S.N. Modani | MD 2312 | M. Venkataraman | President 2313 | S. Krishnan | Head 2314 | K.R. Sekhar | VP 2315 | Hermes De Azevedo | Captain 2316 | Munish Nandwani | Head 2317 | Bikrant Das Pradhan | Captain 2318 | Maung Taw | Captain 2319 | Gyanendra Gauchan | Captain 2320 | V.K. Agnihotri | Director 2321 | Sushanth M. Tharappan | AVP 2322 | Ashish Kumar | GM 2323 | Jeffrey S. Lehman | Indep Director 2324 | Chhattar Singh Tomar | VP 2325 | Sailesh Niraula | Captain 2326 | Mark B. Denys | Chief 2327 | Monir Kumar Shrestha | Captain 2329 | Raju Singh Maharjan | Captain 2330 | Alan Tyler | Project Director 2331 | Srinivasa V. Rao | CFO 2332 | Abid Sayed | Check Pilot 2333 | Vinod Tiku | COO 2334 | J.K. Valecha | MD 2335 | Javier R. Ospina | Captain 2336 | S. Laurich | Manager 2337 | Suchindra S. Potnis | Consultant 2338 | Javier E.T. Marin | Captain 2339 | D.P. Mangal | ED 2340 | A. Ponni Chelvan | Check Pilot 2341 | A.O. Cabrera | Chef 2342 | Y.S. Babu | Captain 2343 | Noel W. Nyir | Captain 2344 | Ashish Bihari Lall | HRBP 2345 | H.K. Jain | VP 2346 | Benedicto Cruz | Captain 2347 | Omer Hussain | DGM 2348 | V. Bhasin | GM 2349 | Sudhir Sitapati | Director 2350 | G. Banerjee | GM 2351 | Shyam C. Raman | Executive Nucleus Software ICICI Bank Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines Balaji Telefilms Kingfisher Airlines NIIT Tech Ambuja Cements ** Sangam (I) Zee Entertainment Orchid Chem & Pharma Bayer CropScience Kingfisher Airlines HUL Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines ACC ** Infosys ICICI Bank Infosys Kingfisher Airlines Kingfisher Airlines Tata Steel Kingfisher Airlines Kingfisher Airlines Voltas GMR Infra Kingfisher Airlines Ansal API Valecha Engg Kingfisher Airlines Siemens * Oracle Financial Services Kingfisher Airlines RSWM Kingfisher Airlines EIH Kingfisher Airlines Kingfisher Airlines HUL Bajaj Electricals Kingfisher Airlines ICICI Bank Bajaj Auto HUL Britannia Inds Tube Investments of India 61.30 61.29 61.28 61.27 61.27 61.25 61.25 61.23 61.23 61.19 61.17 61.17 61.16 61.14 61.10 61.07 61.06 61.04 61.02 61.01 61.00 61.00 60.99 60.98 60.97 60.97 60.95 60.94 60.92 60.90 60.89 60.89 60.89 60.88 60.88 60.85 60.85 60.85 60.83 60.82 60.79 60.76 60.74 60.74 60.73 60.73 60.72 60.72 60.69 60.68 2254 | G. Ramesh | Tech Solutions Architect Infosys 2206 | Mahesh Kumar Sharma | Check Pilot Kingfisher Airlines 2259 | Punkaj Tanwar | Info Security Officer HUL 2220 | Anuj Rustagi | Global Brand Director HUL 2328 | K.R. Shivakumar | Sr Principal Engg Philips Electronics * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 2352-2501 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 2352 | G.S. Kalhe | GM 2353 | S.J.V. Chelliah | CFO 2354 | Sanjeev Kapoor | AVP 2355 | Partha Dey | GM 2356 | Ahmad Khalatbari | Sr Engineer 2357 | P. Acharya | WTD & CEO 2358 | Saswata Dhar | Sr Legal Counsel 2359 | S. Nagaraj | AVP 2360 | V.P. Khare | SVP 2362 | S.S. Dhanorkar | Asst MD & COO 2363 | Ravindra S. Singhvi | President 2364 | Gautam Goel | MD 2365 | Shital Patel | Captain 2366 | Gopalakrishnan Palakkil | SVP 2367 | Christopher D. Di | Captain 2368 | Justin T. Kilga | Captain 2369 | Gaurav Goel | MD 2370 | Ravi Madugala | Director 2371 | V.R. Renganathan | AVP 2372 | Arup R. Raha | Manager 2373 | Rajesh Kumar | COO 2374 | S. Shah | Synthetic Flight Instructor 2375 | Anisha Pargal | Head 2376 | S. Narayanan | Director 2377 | D.S. Sankholkar | Director 2378 | Christopher S.J. Pereira | GM 2379 | K.S. Pramod Solanki | Head 2380 | Vithal Nayak | Director 2381 | Purnima Lamba | Brand Manager 2382 | Dilawer Singh Basraon | Captain 2383 | Shobhit Uppal | Dy MD 2384 | Supesh Jain | Director 2385 | V. Radhakrishna | Director 2386 | Farokh N. Hilloo | VP 2387 | Arup Kanti Nandi | SVP 2388 | R.K. Goel | Director 2389 | Vijay Kumar Arora | CMD 2390 | Vishok Mansingh | GM 2391 | Charudatta Deshpande | GM 2392 | Sudeep Jain | Business Head 2393 | J.P. Sonthalia | MD 2394 | Vijay Walanju | SVP 2395 | M. Gundu Rao | EVP 2396 | R. Sasi Kumar | SVP 2397 | Carlos F. Vela | Captain 2398 | K. Alleraun | Head of Accounts 2399 | K.D. Inamdar | VP 2400 | Ashwin R. Hinduja | COO Bajaj Auto AstraZeneca ** Infosys ICICI Bank Voltas Binani Cement HUL Infosys Jubilant Organosys Finolex Inds Indo Rama Synthetics Dhampur Sugars * Kingfisher Airlines Mindtree Kingfisher Airlines Kingfisher Airlines Dhampur Sugars * R Systems Int’l ** Infosys Infosys Tata Elxsi Kingfisher Airlines HUL HUL HUL HUL L&T SKF India ** HUL Kingfisher Airlines Ahluwalia Contracts HUL Nagarjuna Construction United Phosphorus McNally Bharat Engg GAIL LT Foods Kingfisher Airlines ICICI Bank Greenply Inds Kanoria Chemicals GTL Unichem Puravankara Projects Kingfisher Airlines Siemens * Sudarshan Chem Gokaldas Exports 60.67 60.67 60.67 60.66 60.65 60.64 60.62 60.61 60.56 60.55 60.55 60.55 60.54 60.53 60.51 60.49 60.49 60.48 60.48 60.45 60.42 60.39 60.37 60.35 60.35 60.33 60.32 60.30 60.28 60.27 60.25 60.22 60.20 60.19 60.15 60.12 60.11 60.09 60.09 60.09 60.07 60.04 60.04 60.04 60.03 60.02 60.02 60.01 60.00 60.00 2402 | Gaurav D. Hinduja | COO 2403 | Girish R. Tanti | ED 2404 | Janak Raj Singh | ED 2405 | Kapil Ghorse | President 2406 | Lalitkumar Tulsyan | Chairman 2407 | R. Ramanan | MD & CEO 2408 | Sandeep Singh | President 2409 | Sanjay Tulsyan | MD 2410 | Vivek M. Hinduja | COO 2411 | R. Devarajan | Special Director 2412 | Tarun Kumar Daga | MD 2413 | Aditya Nath Jha | AVP 2414 | Rakesh Mehrotra | Ex-MD 2415 | R. Sridharan | SVP 2416 | K. Badree | VP 2417 | Tarun Joshi | Ex-MD 2418 | Biswajit Chakraborty | GM 2419 | Ashok Soota | Chairman 2420 | Bhag Chand | Captain 2421 | Prannoy Roy | Chairman 2422 | Radhika Roy | MD 2423 | Tarun Mehra | EVP 2424 | Vishal S. Doshi | Group ED 2425 | Krishnan Sundaram | Manager 2426 | Bharat Kaul | Sr GM 2427 | Nirbhay Singh | Captain 2428 | Luis F. Moreir | Captain 2429 | Ashish Agarwal | Check Pilot 2430 | Jitendra D. Sangharajka | AVP 2431 | Raj Kumar | Check Pilot 2432 | R.N. Koushik | AVP 2433 | Harvinder Singh Virk | Instructor 2434 | G. Narasimhan | VP 2435 | P. Kishore | MD 2436 | S.K. Rastogi | Div VP 2437 | G. Kumaran | Head 2438 | Celso J. Guimara | Captain 2439 | Abhishek Somany | Jt MD 2440 | Dinesh Sharma | ED 2441 | M. Juan C. Palaez | Captain 2442 | D. Ganguly | Mkt Research Analyst 2443 | Ashok Dash | Sr GM 2444 | L. Balasubramanian | President 2445 | Ishwar Jha | CEO 2446 | S.D. Adruti | President 2447 | G. Ananthanarayanan | Manager 2448 | Gopal S. Gokhale | President 2449 | Manoj S. Maheshwari | CFO 2450 | M. Yamashita | Manager 2451 | Unnikrishnan P. Nair | Sr Director u 92 u u Gokaldas Exports Suzlon Energy Lakshmi Energy & Foods * Abhishek Inds Tulsyan NEC CMC Sunteck Realty Tulsyan NEC Gokaldas Exports Ashok Leyland The Tinplate Co of India Infosys Container Corp of India Lupin Pharma Wipro Brandhouse Retails Hotel Leelaventure Mindtree Kingfisher Airlines NDTV NDTV Zee Entertainment Shrenuj HUL Punj Lloyd Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines Infosys Kingfisher Airlines Infosys Kingfisher Airlines Oracle Financial Services Everonn Education United Spirits HUL Kingfisher Airlines Somany Cermaics ION Exchange Kingfisher Airlines R Systems Int’l ** Videocon Inds * NIIT Zee Entertainment Atul HUL JSW Steel Bajaj Hindusthan * Lumax Inds Philips Electronics 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 59.96 59.96 59.94 59.93 59.90 59.86 59.84 59.83 59.82 59.81 59.80 59.80 59.79 59.76 59.76 59.75 59.75 59.75 59.74 59.73 59.73 59.73 59.72 59.66 59.59 59.56 59.56 59.56 59.53 59.53 59.52 59.50 59.49 59.49 59.48 59.44 59.43 59.39 59.38 59.33 59.32 2452 | D. Raghavan | EVP 2453 | Tarun Behal | Project Director 2454 | G.V.G. Rao | President 2455 | Kalpesh Gada | VP 2456 | Aniruddha Ganguly | Asst COO 2457 | P. Ishani | Systems Manager 2458 | M.G. Palekar | President 2459 | Yusuf K. Khan | ED 2460 | Rajendra V. Gogri | VC & MD 2461 | S.K. Kandhari | Ex-Director 2462 | C. Ganesh Subramani | President 2463 | M.V. Thomas | Director 2464 | Sanjeev Sharma | Check Pilot 2465 | S.K. Harlalka | Manager 2466 | Pramod Kumar Akhramka | CFO 2467 | K.K. Rajesh | EVP 2468 | M. Sitaram Kumar | VP 2469 | K. Subba Raju | Sr Director 2470 | Uday M. Kolhatkar | Captain 2471 | P. Ramakrishna | Captain 2472 | Anuradha Narsimhan | Director 2473 | Dadhi Ram Nirola | Captain 2474 | Shekhar S. Potnis | AVP 2475 | Rakesh Syal | Sr GM 2476 | A. Sengupta | Ex-ED 2477 | Samir Sheopori | Captain Siemens * Voltas Atul ICRA Wipro HUL Atul Elder Pharma Aarti Inds The Indian Hotels Bajaj Electricals Elder Pharma Kingfisher Airlines HUL Vaibhav Gems Dabur Panacea Biotec Dr. Reddy’s Labs Kingfisher Airlines Kingfisher Airlines Britannia Inds Kingfisher Airlines Infosys Punj Lloyd Tata Coffee Kingfisher Airlines 59.29 59.29 59.29 59.28 59.28 59.27 59.26 59.25 59.22 59.20 59.20 59.19 59.16 59.16 59.16 59.16 59.15 59.13 59.12 59.07 59.06 59.04 59.04 59.03 59.02 59.01 59.00 59.00 58.99 58.98 58.96 58.96 58.93 58.92 58.91 58.88 58.84 58.82 58.80 58.77 58.73 58.73 58.71 58.68 58.66 58.64 58.64 58.63 58.62 58.62 2361 | Dipankar Sengupta | Advisor to MD Tata Steel 2478 | Claude Smadja | Independent Director Infosys 2479 | David L. Boyles | Independent Director Infosys 2480 | Vikram Kapoor | Captain 2481 | B.P. Jetty | VP 2482 | Rajesh R. Mishra | VP 2483 | Krishnan Subramanian | Manager 2484 | K. Sarover | SVP 2485 | S.G. Joglekar | SVP 2486 | Pradeep Mukherjee | President 2487 | Nishikant Nigam | AVP 2488 | A.B. Shyam Kumar | Head 2489 | Rajiv Kapasi | Head 2490 | Arindam Sarkar | SVP 2491 | Rajeev M. Pai | CFO 2492 | J.D. Patil | VP 2493 | R. Sreeram | VP 2494 | Rudolf D’sa | SVP 2495 | Ashok V. Singh Deo | Check Pilot 2496 | A. Rakesh Rao | VP 2497 | K. Vyas | VP 2498 | Dinesh Jain | Jt President 2499 | Sameer Mehra | Check Pilot 2501 | Buchi Reddy | SVP Kingfisher Airlines Greaves Cotton # Wipro Infosys JSW Steel Bharat Forge Himatsingka Seide Infosys HUL Jubilant Organosys McNally Bharat Engg JSW Steel L&T Dabur Zee Entertainment Kingfisher Airlines Blue Star Dr. Reddy’s Labs Uflex Kingfisher Airlines Orchid Chem & Pharma 2500 | Rau H. Bhimasena | Resident Director Ashok Leyland 2401 | Deepak Satwalekar | Indep Director Infosys * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 2502-2651 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 2502 | Vinayak L. Hampihalikar | VP 2503 | Smita Gune | GM 2504 | K.J. Ghadiali | CFO 2505 | D. Banerjee | SVP 2507 | Carlos A. Ramir | Captain 2508 | Teghjeet Malhotra | Captain 2509 | Urmez P. Mugaseth | Captain 2510 | Ajeet Oka | Captain 2511 | K. Ravichandran | VP 2512 | G. Einenkel | Chief Supervisor 2513 | Mukul Gupta | Captain 2514 | L. Ramakrishnan | GM 2516 | Krishnamurthy Shankar | Captain 2517 | R. Arivazhagan | Sr GM 2518 | Maninder Singh | Captain 2519 | T. Zwick | MCE 2520 | Milind B. Joshi | President 2521 | Jorge M. Delgado | Captain 2522 | Sandeep Kakkar | Check Pilot 2523 | Karl Bahadur Wykes | Captain 2525 | G. Veera Bhadram | SVP 2526 | Ajoy Menon | VP 2527 | Viney Mehra | Director 2528 | Syrus S. Mazda | Captain 2529 | P. Dasgupta | MD & CEO 2530 | S. Venkataramani | Head 2531 | Vijay Kamal | Check Pilot 2532 | Milind V. Dikshit | AVP 2533 | Harold C. D’pen | Captain 2534 | Praveen K. Kalbavi | AVP 2535 | Ashok Kajaria | CMD 2536 | Anand Valavi | Group Head 2537 | Mritunjay K. Singh | AVP 2538 | Sanjeev Kumar Ahuja | Captain 2539 | Ranvijay Singh | WTD 2540 | A.K. Joshi | Director 2541 | S. Pednekar | Check Pilot 2542 | N.S. Kadian | Captain 2543 | R. Gopalakrishnan | VC 2544 | A. Pramanik | Head 2545 | Akshay Renavikar | Captain 2546 | Bijendra Shrestha | Captain 2547 | B.C. Tripathi | CMD 2548 | Rajesh Agrawal | EVP 2549 | V. Ramesh | CFO 2550 | Satish Kumar Sayal | EVP 2551 | K.S. Harish | VP Oracle Financial Services ICICI Bank United Breweries Holdings Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines ICRA Siemens * Kingfisher Airlines Philips Electronics Kingfisher Airlines HDFC Kingfisher Airlines Siemens * JB Chem & Pharma Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines Coromandel Int’l Wipro Golden Tobacco Kingfisher Airlines Petronet LNG HUL Kingfisher Airlines Infosys Kingfisher Airlines Infosys Kajaria Ceramics Wipro Infosys Kingfisher Airlines Jaiprakash Associates Golden Tobacco Kingfisher Airlines Kingfisher Airlines Tata Chemicals HUL Kingfisher Airlines Kingfisher Airlines GAIL Punj Lloyd Carborundum Universal NIIT Tech Bayer CropScience 58.62 58.58 58.50 58.49 58.43 58.37 58.36 58.36 58.31 58.31 58.28 58.28 58.27 58.27 58.26 58.21 58.19 58.19 58.18 58.18 58.18 58.17 58.17 58.17 58.16 58.15 58.12 58.09 58.08 58.07 58.05 58.00 58.00 57.97 57.97 57.97 57.96 57.95 57.94 57.93 57.93 57.91 57.90 57.89 57.89 57.86 57.83 57.83 57.82 2552 | T.R. Vijaya Raghavan | Line Manager Infosys 2553 | A.J. Pandya | Chief Internal Auditor 2554 | Bankim C. Mehta | Captain 2555 | Gautam Bhagat | Sr GM 2556 | Venkatesh Padmanabhan | COO 2557 | S.N. Patil | Dy GM 2558 | Vijay Kumar Vasudev | Manager 2559 | T. Luedktke | Manager 2561 | Ng Weng Cheng | Manager 2562 | A. Guha | VP 2563 | Pradyut Kumar Pal | Dy GM 2564 | Shailesh T. Desai | WTD 2565 | Raman Mahaveera | Captain 2566 | S. Kanakanand | Manager 2567 | Swati Gupte | Director 2568 | Ravi Nathan | Captain 2569 | Anil Muthya | AGM 2570 | S. Parthasarathy | President 2571 | Sanjay N. Mandavia | Captain 2572 | B.S. Kapur | President 2573 | Subir Mukerjee | Captain 2574 | Saket Jindal | MD 2575 | Vijay Kumar Reddy | Captain 2576 | G.C. Daga | Director 2577 | Hiren K. Patel | MD 2578 | D.R. Moorthy | EVP 2579 | Karthik Srinivasan | VP 2580 | V. Vijayanand | VP 2581 | A.P. Srivastava | SVP 2582 | R.K. Shukla | VP 2583 | B. Sathyanarayanan | Director 2584 | Rahul Kumar | CFO 2585 | A.K. Mukherjee | Director 2586 | Niket D. Kalra | Captain 2587 | Denis Lemin | Manager 2588 | Anuradha Razdan | Manager 2589 | Andris Vicinski | Captain 2590 | Peter Jefferson | Engineer 2591 | Kesar Kenny | VP 2592 | Lipsa Mishra | VP 2594 | R.K. Kaura | Captain 2595 | Gosavi Venkatramana | AVP 2596 | Daniel Grant | Captain 2597 | Neville D. Bhi | Captain 2598 | Ashok Kumar Ghose | President 2599 | Xerxes H. Buhariwa | Captain 2600 | Bhaskar Chavali | EVP Ambuja Cements ** Kingfisher Airlines HDFC Eicher Motors ** Voltas Kingfisher Airlines Siemens * Voltas Greaves Cotton # Indian Oil Corp Sun Pharma Kingfisher Airlines HUL HUL Kingfisher Airlines ICICI Bank Rane (Madras) Kingfisher Airlines Punj Lloyd Kingfisher Airlines Maharashtra Seamless Kingfisher Airlines Indian Oil Corp Nirma Bharat Forge ICRA Wipro Jubilant Organosys Alembic Philips Electronics Jaiprakash Associates Exide Inds Kingfisher Airlines Bayer CropScience HUL Kingfisher Airlines Voltas Wipro HCC Kingfisher Airlines Infosys Kingfisher Airlines Kingfisher Airlines Jubilant Organosys Kingfisher Airlines NIIT Tech 57.80 57.79 57.79 57.72 57.72 57.70 57.68 57.66 57.64 57.64 57.62 57.61 57.61 57.61 57.60 57.59 57.59 57.58 57.57 57.54 57.52 57.52 57.52 57.48 57.41 57.41 57.41 57.40 57.38 57.38 57.37 57.35 57.35 57.33 57.30 57.29 57.28 57.27 57.26 57.25 57.25 57.25 57.23 57.21 57.19 57.18 57.18 57.17 57.15 57.11 2602 | Kanchan Sanyal | Manager 2603 | Jesus E. Lopez | Captain 2604 | J.M. Bhambure | EVP 2605 | R. Parthasarathy | VC & MD 2606 | S. Sridharan | CMD 2607 | Kedar Lele | Manager 2608 | Anmol Jain | Sr ED 2609 | Raja Subramanian | AGM 2610 | Pradyot K. Sinha | Director 2611 | J.K. Misra | Director 2612 | Tapio Juurioksa | Manager 2613 | Tridibkumar Das | Director 2614 | Joseph G. Larry | Head 2616 | Mahesh Krishnan | VP 2617 | Mathew Thomas | VP 2618 | K. Stadelmann | General Counsel 2619 | Atul W. Lande | Sr GM 2620 | B. Chattopadhyay | ED & CEO 2621 | Shailendra S. Singh | Manager 2622 | Rudolf Elchele | Exec Chef 2623 | P.K. Agarwal | Jt President 2624 | S. Chandramowli | Director 2625 | K. Ganesh | VP 2626 | Kiran K. Desai | VP 2627 | Abhijit Sen | AVP 2628 | Ganadhish Kamat | SVP 2629 | S. Ganesh | Reg HRT Change Lead 2630 | P. Ravishankar | Chief 2631 | Shyam Kalra | Captain 2632 | Athreya Ranganath | JCS 2633 | P. Kumaravel | Captain 2634 | A.A. Mozumder | Manager 2635 | N. Gopalaratnam | CMD 2636 | Narender Sapra | WTD 2637 | Sanjay Kadam | Taxation 2638 | P.G. Makhija | CEO 2639 | D. James Dawson | Manager 2640 | Ajay Tandon | Jt President 2641 | Anuradha Ray | SVP 2642 | Sairam Jagannathan | VP 2643 | Rajib Bhattacharya | Check Pilot 2644 | Priyank Agrawal | Check Pilot 2645 | Nihar K. Parikh | ED 2646 | Mohan P. Rao | VP 2647 | Ritu Jain | Divisional Head 2648 | Beer Singh Yadav | Captain 2649 | G. Ravichandran | President 2650 | S.K. Goenka | MD 2651 | T.G. Ramakrishnan | Manager Voltas Kingfisher Airlines Blue Star Thirumalai Chem Thirumalai Chem HUL Lumax Inds ICICI Bank Philips Electronics ABB Philips Electronics Sesa Goa Philips Electronics Oracle Financial Services Siemens * Punj Lloyd Dhunseri Petrochem & Tea HUL Hotel Leelaventure Uflex SKF India ** Dr. Reddy’s Labs Bayer CropScience Infosys Lupin Pharma HUL Kingfisher Airlines ICICI Bank Kingfisher Airlines HUL Seshasayee Papers Jagatjit Inds GTL Bombay Dyeing Voltas Uflex ICRA Wipro Kingfisher Airlines Kingfisher Airlines Shrenuj Hotel Leelaventure Apollo Tyres Kingfisher Airlines Himatsingka Seide Emami HUL 57.10 57.09 57.07 57.07 57.07 57.06 57.06 57.04 57.04 57.03 57.02 57.00 57.00 56.99 56.97 56.95 56.94 56.94 56.94 56.90 56.89 56.88 56.87 56.84 56.83 56.83 56.82 56.73 56.72 56.70 56.67 56.64 56.62 56.61 56.61 56.60 56.58 56.54 56.52 56.47 56.47 56.47 56.42 56.40 56.40 56.39 56.39 56.38 Tata Investment Corporation 58.54 2506 | Achuthan Nair | VP & Business Head Wipro 2560 | Bhupinder Singh Sandhu | Captain Kingfisher Airlines Indian Metals & Ferro Alloys 57.03 2515 | Deepak Subramanian | Brand Director HUL 2615 | N.R.N. Murthy | Chairman, Chief Mentor Infosys 2524 | J. Ramaswamy | Chief Quality Officer Wipro Mahindra Holidays & Resorts 56.80 2593 | Alangiam P. Kalaichelvan | Captain Kingfisher Airlines 2601 | A. Santhosh | Principal Tech Architect Infosys u 94 u u * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 The Highest Paid Executives In ` lakh 2652-2801 Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation 2652 | Ashok Rao | President & WTD 2653 | V. Mehra | Sr Exec Pilot 2654 | Prasanth Nair | President & Head 2655 | Prithvi Malhotra | Captain 2656 | Ranveer Jhangiani | Captain 2657 | Sanjay Kumar Thakur | Captain 2658 | R.S. Sharma | CMD 2659 | Srinivas Gutta | Sr Director 2660 | S.K. Tiwari | Unit Head 2661 | K.L. Chandak | ED 2662 | Madhukar H. Kapoor | VP 2663 | D.R. Ray | EVP 2664 | R. Vaidyanathaswamy | Manager 2665 | C.K. Rao | GM 2667 | Parul N. Trivedi | Captain 2668 | Jovan Manojlovic | Captain 2669 | Sanjay Khosla | EVP 2670 | Anoop Hoon | President 2671 | A. Baiker | GT 2672 | R.K. Mediratta | Chief Executive 2673 | Vibha Batra | VP 2674 | Ramesh Kumar Dewan | Captain 2675 | S. Govindarajan | SVP 2676 | K.K. Saraf | VP & CS 2677 | S.C. Singhal | Div VP 2678 | John T. Fletcher | Head 2679 | Utkarsh Munot | ED 2680 | Sanjay Chamria | VC & MD 2681 | B.N. Mohanan | WTD & President 2682 | Shashank Warty | Area VP 2683 | Anand Jankiraman | Manager 2684 | V. Hariharan | Group CFO 2685 | Mayank Poddar | Chairman 2686 | J. Schaak | Manager 2687 | Pavan Kumar | Head 2688 | S.K. Mittra | Head 2689 | Maitreya Doshi | CMD 2690 | G.S. Ravishankar | VP 2691 | Niyant Maru | VP 2692 | Yateen A. Pandit | Captain 2693 | Ulhas B. Khadtale | Captain 2694 | P.N. Sivaraman Nair | Asst VP 2695 | Krishan Kumar Rastogi | Captain 2696 | G.V. Kalavathi | Director 2697 | B. Suresh | VP 2698 | Sunil Tiwari | President 2699 | Jayant Kawale | CEO 2700 | Rajesh Sethuraman | Manager 2701 | Chandrashekar S. Damle | CEO Automotive Axles * EIH Thomas Cook ** Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines ONGC Philips Electronics Heidelberg Cements The West Coast Paper Mills Oracle Financial Services L&T Infosys Bajaj Auto Kingfisher Airlines Kingfisher Airlines Sobha Developers Century Ply Siemens * Abhishek Inds ICRA Kingfisher Airlines Coromandel Int’l Greaves Cotton # United Spirits NIIT Tech ZF Steering Gear Magma Fincorp Atul Hotel Leelaventure R Systems Int’l ** Peninsula Land Magma Fincorp Siemens * HUL L&T Premier Wipro The Indian Hotels Kingfisher Airlines Kingfisher Airlines Thomas Cook ** Kingfisher Airlines Philips Electronics Wipro Punj Lloyd Bharat Forge HUL L&T 56.37 56.34 56.33 56.31 56.24 56.21 56.20 56.19 56.19 56.15 56.15 56.13 56.10 56.08 56.07 56.05 56.03 56.03 56.01 56.01 56.00 55.97 55.97 55.96 55.96 55.94 55.93 55.92 55.91 55.90 55.88 55.86 55.86 55.86 55.85 55.85 55.84 55.82 55.82 55.81 55.81 55.80 55.80 55.77 55.75 55.75 55.74 55.74 55.73 55.72 2702 | Satish Chandra Pandey | Captain 2703 | Tapan D. Bhat | VP 2704 | R. Satsangi | Div VP 2705 | V.D. Kale | VP 2706 | M.R. Rani | Director 2707 | K. Senthilnayagam | VP 2708 | Jagdish K. Rao | SVP 2709 | Samir Thapar | VC & MD 2710 | T. Venkataswara Rao | Head 2711 | Robbin L. Mubanga | Captain 2712 | Prabhath Madhawa | Manager 2713 | Simranjit S. Mann | Captain 2714 | Neeraj Dogra | Sr Manager 2715 | J.P. Singh | EVP 2716 | M. Ramakumar | DGM 2717 | Dheeraj Matang | Captain 2718 | Samai Singh Sahrawat | SVP 2719 | Ch.K.V.V. Sathyanarayanan | Mgr 2720 | Mahesh Kulkarni | Captain 2721 | Manek Kalyaniwala | EVP 2722 | R. Ramamurthi | VP 2723 | K.N. Prabhakar | Head 2724 | Noel D. Silva | Design Engineer 2725 | Franz Joseph D’sa | Captain 2726 | S.N. Prasad | Div VP 2727 | Manoj Mehrotra | VP 2728 | M. Viswanathan | CFO & Director 2729 | Pritpal Singh Kular | Director 2730 | D.V. Shetty | VP 2731 | V.R. Sanjeev | AVP 2732 | Suraj Aggarwal | CMI 2733 | Dalip Kumar Garg | Div VP 2734 | Alick Khaw | AGM 2735 | P.N.S. Karanth | Dy Project Director 2736 | Puneet Ranjan | Sr Consultant 2738 | C.Y. Deshpande | GM 2739 | Arvind Talwar | Captain 2740 | M. Tanaka | Manager 2741 | P.S. Rao | President 2742 | A.K. Magotra | Manager 2743 | Mayank Agraval | JGM 2744 | U.D. Choubey | Ex-CMD 2745 | Ranjan Kumar De | President 2746 | Parag Gaonkar | Captain 2747 | Abhinav Dev Sharma | Check Pilot 2748 | Harish Paul | Sr Manager 2749 | Ajay Misra | Captain 2750 | B.M. Subraya | AVP 2751 | Sunit Suri | COO u 95 u u Kingfisher Airlines Wipro United Spirits Siemens * Philips Electronics Hexaware Tech ** Jubilant Organosys JCT Jubilant Organosys Kingfisher Airlines HUL Kingfisher Airlines Philips Electronics L&T Ashok Leyland Kingfisher Airlines Jubilant Organosys Voltas Kingfisher Airlines Blue Star Oracle Financial Services Hindustan Oil Exploration Voltas Kingfisher Airlines United Spirits Dr. Reddy’s Labs Finolex Cables Heidelberg Cements Oracle Financial Services Infosys ICICI Bank United Spirits ICICI Bank Voltas Oracle Financial Services Bajaj Auto Kingfisher Airlines Lumax Inds Rane Brake Lining HUL ICICI Bank GAIL ABB Kingfisher Airlines Kingfisher Airlines Engineers India Kingfisher Airlines Infosys Thomas Cook ** 55.70 55.69 55.66 55.66 55.55 55.55 55.53 55.50 55.50 55.49 55.49 55.48 55.47 55.46 55.45 55.43 55.42 55.42 55.41 55.39 55.38 55.38 55.36 55.36 55.35 55.35 55.33 55.33 55.33 55.29 55.29 55.28 55.28 55.26 55.26 55.25 55.21 55.18 55.18 55.15 55.13 55.12 55.11 55.11 55.10 55.10 55.09 55.09 55.07 55.07 2752 | Ajay Gupta | GM 2753 | Pratik C. Mehta | Captain 2754 | Aasif Malbari | Head 2755 | Kallol Chakraborty | VP 2756 | Murali Ramachandran | VP 2757 | D.S. Shevde | EVP 2758 | G.F. Grove White | ED & COO 2759 | Devendra P. Nirmal | Captain 2760 | Mohit Ratti | Check Pilot 2761 | Samir Joshipura | President 2762 | Manoj C. Agrawal | DGM 2763 | Arnab Chakravarti | AGM 2764 | Girish Nayak | GM 2765 | K.P.G. Nair | Consultant 2766 | Meenakshy Iyer | VP 2767 | Debasis Nandy | VP 2768 | Arvind Jain | Div VP 2769 | Supritha Shetty | JGM 2770 | Nependra Bhattarai | Captain 2771 | Kadathanad Raghavan | Captain 2772 | Tejvir Singh Tomar | Check Pilot 2773 | K. Natarajan | Corporate Chef 2774 | K.K. Acharya | Ex-MD 2775 | L. Ganesh | VC 2776 | Ashok Kumar Mohanty | Sr GM 2777 | P.M. Rajendran | SVP 2778 | Raj K. Poddar | Dy MD 2779 | G. Radhakrishnan | GM 2780 | A.D. Mundhra | ED 2781 | A. Naresh Kumar | MD 2782 | N. Venkataraman | Head 2783 | Juan C. Espinosa | Captain 2784 | Vivek Chawla | Director 2785 | Ravi Krishnan | Manager 2786 | J.P. Khetan | MD 2787 | Khalid Lari | Manager 2788 | Sayee Srinivasan | Head 2789 | S. Venkatachary | Captain 2790 | S. Mohan | Director 2791 | S. Pande | Country Manager 2792 | Vinay Kale | VP 2793 | Rohit D. Inamdar | VP 2794 | S. Wadhwa | ED 2795 | Sunil Oli | Captain 2796 | Nandan Damani | CMD 2797 | Ang Dorje Sherpa | Captain 2798 | Manoj D. Soni | Chief 2799 | Udayan Dutt | Manager 2800 | Rajul Bhansali | ED 2801 | G.G. Gangal | SVP ICICI Bank Kingfisher Airlines HUL Panacea Biotec Kingfisher Airlines L&T Tata Power Kingfisher Airlines Kingfisher Airlines Abhishek Inds Punj Lloyd ICICI Bank ICICI Bank Tata Steel Oracle Financial Services Thomas Cook ** United Spirits ICICI Bank Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines The Indian Hotels Chennai Petro Corp Rane Holdings Punj Lloyd JSW Steel Gujarat Sidhee Cement Biocon Simplex Infra Sathavahana Ispat Britannia Inds Kingfisher Airlines ACC ** HUL Golden Tobacco Voltas BSE Kingfisher Airlines BPCL L&T GTL ICRA Tata Power Kingfisher Airlines Simplex Realty Kingfisher Airlines Jubilant Organosys HUL Gammon India Ambuja Cements ** 55.06 55.04 55.01 54.99 54.99 54.99 54.95 54.93 54.90 54.90 54.89 54.88 54.88 54.88 54.88 54.86 54.86 54.84 54.82 54.82 54.81 54.79 54.79 54.77 54.77 54.74 54.71 54.70 54.70 54.70 54.68 54.68 54.65 54.63 54.63 54.62 54.60 54.60 54.60 54.59 54.58 54.58 54.56 54.55 54.55 54.55 54.54 54.53 54.52 54.52 2666 | N. Chandrasekaran | Special Director Ashok Leyland 2737 | S.N. Kumar | Principal Tech Architect Infosys * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 2802-2951 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 2802 | Satyakam Sharma | Sr Manager 2803 | Ashok Kumar Rambal | Chief 2805 | Sunil Godhwani | CMD 2806 | Arjun Dayakar | Captain 2807 | Rakesh Gothi | MD & CEO 2808 | Ashish Berry | Captain 2809 | Sreeram Venkateswaran | GM 2810 | Sunil D. Sapre | Dy Director 2811 | Arun Bopaiah | Div VP 2812 | Simren Ghumman | Captain 2813 | William Mok | AGM 2814 | Biren P. Dave | VP 2815 | Rahul Bhole | Manager 2816 | M.M. Sharma | SVP 2817 | Tarun Gupta | EVP 2818 | Uma Balakrishnan | VP 2819 | M. Sambasiva Rao | President 2820 | Rajesh Khajanchi | Add’l GM 2821 | Sarosh Shetty | Manager 2822 | R.S. Subramaniam | GM 2823 | Chandrakanth Deasi | AVP 2824 | T. Venugopalan | CTO 2825 | G.E. Strachan | Sr Design Director 2826 | Vidyadhar Apte | Co Sec 2827 | Bharat Gupta | EVP 2828 | S. Mohan Rao | Chief Risk Officer 2829 | K.P. Raghavan | Head 2830 | Raj Kumar Adlakha | MD 2831 | S. Bhattacharya | VP 2832 | Saravanamuthu | Manager 2833 | Ferah Abdel Ali | Captain 2834 | Sameer Gupta | EVP 2835 | Amit Palta | GM 2836 | S. Reddy | Category Accountant 2837 | V. Senthil Kumar | Manager 2838 | Prabhat K. Gupta | Head 2839 | Mrigank Dhanuka | VC & ED 2840 | Enzo Marotta | Manager 2841 | Chander Shekhar | Director 2842 | Sandeep Gupta | EVP 2843 | B.G. Jayaram | AVP 2844 | M. Venugopalan | MD & CEO 2845 | T.N. Gopal | AVP 2846 | Kishore Anant | COO 2847 | Partima Ram | President 2848 | Meena Pandey | Captain 2849 | Neeraj Biala | Captain 2850 | Ajit Singh | VP 2851 | A. Kaul | Head Philips Electronics Jubilant Organosys Religare Enterprise Kingfisher Airlines JBF Inds Kingfisher Airlines Bajaj Auto Patel Engg United Spirits Kingfisher Airlines ICICI Bank Bayer CropScience Voltas Shree Cement Jagran Prakashan HCC Heritage Foods Punj Lloyd HUL Britannia Inds Infosys Tata Steel Voltas GTL Jagran Prakashan Wipro L&T Uttam Sugars Greaves Cotton # Infosys Kingfisher Airlines Jagran Prakashan ICICI Bank HUL Infosys Xerox India Dhunseri Petrochem & Tea ABB ACC ** Jagran Prakashan Infosys Federal Bank Infosys Indo Rama Synthetics Punj Lloyd Kingfisher Airlines Kingfisher Airlines L&T Ambuja Cements ** 54.45 54.45 54.40 54.39 54.39 54.38 54.37 54.36 54.34 54.34 54.34 54.34 54.32 54.31 54.31 54.30 54.30 54.26 54.26 54.25 54.24 54.24 54.21 54.18 54.17 54.16 54.16 54.16 54.15 54.15 54.15 54.13 54.12 54.11 54.11 54.10 54.09 54.09 54.09 54.08 54.06 54.05 54.05 54.05 54.04 54.03 54.02 54.02 54.02 54.02 2852 | V. Rajagopalan | VP 2853 | K.R.L. Narasimham | Manager 2854 | S. Joshi | Head 2855 | Gajendra D. Wagh | Captain 2856 | Rajmohan Singh | Director 2857 | P.V.S.N. Raju | Head 2859 | Ajit Bhobe | VP 2860 | Rajeev P. Patil | SVP 2861 | Laxman P. Bikra | Captain 2862 | Amrita G. Pereira | Captain 2863 | K.M. Joshi | VP 2864 | Adit Gupta | Captain 2865 | K.M. Deshmukh | Dy MD 2866 | J. Bauer | Project Manager 2867 | V. Gadgil | Head 2868 | K.S. Raju | CMD 2869 | Kunal Sagar | VC 2870 | Nisha Purushothaman | Jt MD 2871 | Shaji Purushothaman | MD 2872 | C. Kumar | Jt President 2873 | Sandip Biswas | Group Head 2874 | Rama M.V. Kadayinti | AVP 2875 | Rajendra Man Shakya | Captain 2876 | K. Balasubramanian | SVP & CFO 2877 | Richa Puranesh | Manager 2878 | Milan Patel | Captain 2879 | Vijay Kshirsagar | EVP 2880 | Sharad Tyagi | SVP 2881 | Amit Kumar Bansal | Captain 2882 | Rajesh Chandra Verma | Head 2883 | Karim Hassene | Exec Chef 2884 | P.K. Shrawat | Executive President 2886 | Satnam Singh | CMD 2887 | Ajit Kumar Singh | Captain 2888 | Prasanth Samavedam | Manager 2889 | C. Seshagiri Rao | VP 2890 | Devesh Gupta | EVP 2891 | S.K. Nevatia | CMD 2892 | Amit Kaistha | CMII 2893 | Vinayak Katamble | Captain 2894 | Anuprita Magar | Captain 2895 | N. Govinda Rajan | DGM 2896 | T.T. Abraham | Special Director 2897 | Sunjay Kapur | VC & MD 2898 | P.R. Singh | Executive President 2899 | Gratian Perez | VP 2900 | S.S. Patil | Captain 2901 | Nimish Shah | Head u 96 u u Bajaj Finserv L&T Ambuja Cements ** Kingfisher Airlines JCT Sonata Software Unichem Lupin Pharma Kingfisher Airlines Kingfisher Airlines Greaves Cotton # Kingfisher Airlines Sona Koyo Steering Sys Siemens * HUL Nagarjuna Fert & Chem Nirlon Empee Distilleries Empee Distilleries Ambuja Cements ** Tata Steel Infosys Kingfisher Airlines Tube Investments of India HUL Kingfisher Airlines Unichem Dr. Reddy’s Labs Kingfisher Airlines Development Credit Bank Hotel Leelaventure Balrampur Chini Mills Power Finance Corp Kingfisher Airlines Infosys Dr. Reddy’s Labs Jagran Prakashan Hind Rectifiers ICICI Bank Kingfisher Airlines Kingfisher Airlines BPCL Ashok Leyland Sona Koyo Steering Sys Balrampur Chini Mills Oracle Financial Services Kingfisher Airlines HUL 53.96 53.94 53.94 53.92 53.90 53.87 53.86 53.85 53.84 53.83 53.83 53.81 53.81 53.80 53.79 53.78 53.77 53.76 53.76 53.76 53.74 53.74 53.74 53.72 53.67 53.66 53.65 53.64 53.64 53.64 53.63 53.63 53.63 53.63 53.62 53.60 53.58 53.56 53.56 53.56 53.56 53.55 53.53 53.53 53.50 53.50 53.47 53.47 53.45 53.44 2902 | Surinder Kumar Bhat | Check Pilot 2903 | Rajkumar Nagpal | Advisor 2904 | S.B. Bhaiya | President 2906 | Ashish Bafna | AGM 2907 | Rajiv Goel | SVP 2908 | H. Nandi | MD 2909 | S. Narayanan | CMD 2910 | M.A. Venkateshan | SVP 2911 | Pradeep Yadlapati | Manager 2912 | M. Gopikrishna | EVP & COO 2913 | Atul A. Kucheria | Captain 2914 | N.G. Kenneth | CMII 2915 | Derrick G. Bark | Captain 2916 | Vinod Kumar Trivedi | VP 2917 | T.D. Bahety | WTD 2918 | Brijesh Kumar Biyani | ED 2919 | Nipun Talwar | RBM 2920 | Vilas S. Satpute | SVP 2921 | Arvind Uppal | CMD 2922 | Pradeep Kumar Sharan | Captain 2923 | Rajesh Kumar | VP 2924 | S.D. Naliwal | Director 2925 | Faisal Ali Khan | Captain 2926 | Anup Sachdeva | Jt President 2927 | H.R. Venkatesh | VP 2928 | V.Y. Gadre | President 2929 | Anindya Banerjee | JGM 2930 | N.R. Narayanan | CS 2931 | P.S. Jayaraman | Chairman 2932 | Govind Tiwari | DVP 2933 | Jan S. Nielsen | GM 2934 | Debasish Das | Div VP 2935 | Anurag Mehrotra | VP 2936 | Kushi Ram Gupta | Director 2937 | Hall D. Thorton | Manager 2938 | Vikash Sharma | AGM 2939 | Harish Solanki | Captain 2941 | Amritesh Dev | SVP 2942 | Deepak Padaki | AVP 2943 | R. Murli | Business Director 2944 | Shakti Arora | CCPO 2945 | V.P. Garg | VP 2946 | Nagendra R. Prasad | AVP 2947 | Ashutosh Kumar Awasthi | CEO 2948 | Nabarun Roy | AVP 2949 | B. Rajagopal | MD 2950 | B. Mandal | VP 2951 | V. Aldo Osmundo Lopez | Captain Kingfisher Airlines The Indian Hotels Orient Paper & Inds ICICI Bank Havells MRO-TEK MRO-TEK JSW Steel Infosys Voltas Kingfisher Airlines ICICI Bank Kingfisher Airlines Jubilant Organosys Kanoria Chemicals Dhunseri Petrochem & Tea HUL Lupin Pharma Whirlpool Kingfisher Airlines Dr. Reddy’s Labs Jaiprakash Associates Kingfisher Airlines Uflex Wipro Atul ICICI Bank HPCL Chemplast Sanmar United Breweries Alfa Laval United Spirits Wipro Lupin Pharma Voltas ICICI Bank Kingfisher Airlines Jubilant Foodworks Infosys BASF ACC ** JSW Steel Infosys United Phosphorus Infosys SI Group Siemens * Kingfisher Airlines 53.43 53.40 53.39 53.37 53.37 53.36 53.34 53.34 53.34 53.34 53.33 53.29 53.29 53.29 53.26 53.26 53.25 53.25 53.25 53.22 53.21 53.19 53.17 53.15 53.13 53.12 53.09 53.08 53.07 53.04 53.04 53.04 53.02 53.00 52.99 52.98 52.97 52.96 52.96 52.96 52.94 52.91 52.90 52.90 52.86 52.86 52.85 52.84 52.84 52.83 2804 | Rajesh V. Shah | Co-Chairman & MD Mukand 2905 | S. Seshadri | Principal Consulting Engg ABB 2858 | Raj Swaminathan | Director & COO R Systems Int’l ** 2885 | Usha P. Shastry | Program Manager Infosys 2940 | R. Hura | Chief Operations Geologist Hindustan Oil Exploration * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 2952-3095 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 2952 | Sushil K. Kumra | VP 2953 | Nusli Wadia | Chairman 2954 | Payal Pasricha | Captain 2955 | Bharat Goenka | Manager 2956 | A.C. Muthiah | Chairman 2957 | Sanjeev Gupta | GM 2958 | Nganiwe J. Kalinga | Captain 2959 | S.E. Pate | VP 2960 | K. Adarsh | Head 2961 | Atul Khosla | Director 2962 | Sukhjeet Singh | VP 2963 | Pradeep Kulshrestha | EVP 2964 | Yogendra Kumar Saxena | Chief 2965 | Simran P. Singh | Manager 2966 | G. Gehani | Director & CS 2967 | V.N. Deshpande | VP 2968 | Gautam Chatterjee | VP 2969 | Chintan Bindra | Captain 2970 | Kailash Baheti | CEO & CFO 2971 | Charles A. Masi | Captain 2972 | Debashish Shyam | Div VP 2973 | Gautam R. Singh | SVP 2974 | J.V.B. Sastry | Director 2976 | Jeremy Dawson | Sales Manager 2977 | Patrick R. Tobin | Captain 2978 | Adarsh Bagaria | WTD 2979 | Ashokinder Singh | Captain 2980 | U.A. Joglekar | Captain 2981 | Amitabh Lahiri | SVP 2982 | P. Suresh | JGM 2983 | G. Mahadev | Manager 2984 | Ramesh Suri | Chairman 2985 | Karunakar J. Shetty | Head 2986 | Lalit Gupta | SVP 2987 | S. Sharan | Chief Engineer 2988 | Sameer Ghatwal | Head 2989 | B.N. Satheesha | AVP 2990 | Subrata Bose | Captain 2991 | Uday Shankar Jha | CMD 2992 | Shashikant Jadhav | CPO 2993 | S. Sangeetha | WTD 2994 | S. Dharmarajan | Div VP 2995 | Renu Basu | VP 2996 | Martin S. Ghosh | VP 2997 | Amar Bhatia | Captain 2998 | K. Suryanarayan | VP 2999 | Praveen Sharma | Captain Lupin Pharma Britannia Inds Kingfisher Airlines HUL SPIC HUL Kingfisher Airlines Siemens * HUL ACC ** Panacea Biotec Punj Lloyd Jubilant Organosys HUL PSL Greaves Cotton # Alembic Kingfisher Airlines Century Extrusions Kingfisher Airlines United Spirits Bata India ** ACC ** R Systems Int’l ** Kingfisher Airlines Spanco Kingfisher Airlines Kingfisher Airlines NIIT ICICI Bank Infosys Subros Panacea Biotec United Spirits Ambuja Cements ** GTL Infosys Kingfisher Airlines RCF GTL Shanthi Gears United Spirits The Indian Hotels Dr. Reddy’s Labs Kingfisher Airlines Oracle Financial Services Kingfisher Airlines 52.81 52.80 52.77 52.77 52.76 52.76 52.76 52.74 52.71 52.71 52.69 52.69 52.69 52.69 52.69 52.68 52.67 52.66 52.66 52.63 52.62 52.61 52.61 52.60 52.59 52.57 52.57 52.57 52.56 52.55 52.53 52.52 52.50 52.48 52.48 52.47 52.44 52.44 52.43 52.43 52.42 52.42 52.41 52.39 52.37 52.36 52.35 52.33 3000 | Ulhas G. Pawar | SVP 3001 | Joen C. Thomsen | Sr Manager 3002 | Deepak Mathur | President 3003 | Vivek Sondhi | Captain 3004 | A. Suryanarayan | SVP 3005 | Davinder Nagi | Captain 3006 | Karl J. Katrak | Captain 3007 | G.L. Khetan | CGM 3008 | Dilip K. Shetty | GM 3009 | Keyur Maniar | VP 3010 | N.K. Khetan | CGM 3011 | Manoj Verma | Captain 3012 | Jimmy F. Moos | Examiner 3013 | Shafi Shaikh | GM 3014 | Krishnan S. Manian | Captain 3015 | Vishwas Santurkar | VP 3016 | Niraj Bajaj | CMD 3017 | Rajiv Battish | Captain 3018 | Aniruddha Haldar | Head 3019 | R.S. Joshi | Jt President 3020 | Parag Mehta | President & Head 3021 | Rajnish Verma | Captain 3022 | Anil Chopra | Captain 3023 | V.V. Dikshit | VP 3024 | P. Obul Reddy | Ex-MD 3025 | S.R. Jiwarajka | Ex-Jt MD 3027 | G.S. Nagappa | Div VP 3028 | Uday N. Shenoy | Manager 3029 | Anil Srinivasan | COO 3030 | Ashish K. Avarsekar | ED 3031 | Nirmal Kumar Jain | VC & WTD 3032 | Omkar Goswami | Indep Director 3033 | Durllava Kumar Mishra | Captain 3034 | J.M. Mongia | Jt President 3035 | K.N. Reddy | VP 3036 | Samir Kumar Modi | ED 3037 | Ajit Jain | Director & COO 3038 | Anand Ramchandran | Director 3039 | Rajiv Kumar | Director 3040 | Veerendrarajan Verma | Captain 3041 | Manish Misra | GM 3042 | Karunya Sukumar | Captain 3043 | M. Schubert | Engineer 3044 | John A. Kattikaren | Asst VP 3045 | Gaurav Behal | Captain 3046 | Prafull J. Thakur | Captain 3047 | Bharat Sanghavi | CFO JSW Steel Alfa Laval Garware Offshore Kingfisher Airlines Tube Investments of India Kingfisher Airlines Kingfisher Airlines Balrampur Chini Mills HDFC Wipro Balrampur Chini Mills Kingfisher Airlines Kingfisher Airlines Wipro Kingfisher Airlines Wipro Mukand Kingfisher Airlines Binani Cement Thomas Cook ** Kingfisher Airlines Kingfisher Airlines Dr. Reddy’s Labs Nippon Nippon United Spirits Punj Lloyd Thomas Cook ** Unity Infraprojects JSW Energy Infosys Kingfisher Airlines Uflex Dr. Reddy’s Labs Godfrey Phillips Kopran Britannia Inds ACC ** Kingfisher Airlines ICICI Bank Kingfisher Airlines Siemens * JSW Steel Kingfisher Airlines Kingfisher Airlines Peninsula Land 52.33 52.33 52.32 52.32 52.32 52.31 52.30 52.30 52.30 52.29 52.27 52.23 52.23 52.20 52.20 52.18 52.15 52.13 52.13 52.09 52.08 52.05 52.04 52.04 52.03 52.03 52.02 52.01 52.01 52.00 52.00 52.00 52.00 51.99 51.98 51.97 51.96 51.96 51.95 51.95 51.94 51.93 51.90 51.90 51.88 51.88 51.87 3048 | K.B. Bhosle | Manager 3049 | Akhilesh D. Sharma | VP 3050 | J.K. Somani | SVP 3051 | Petrica Vlaicu | Design Manager 3052 | S. Suryanarayanan | VP 3053 | Shrikant Kulkarni | GM 3054 | Shyam Vasudevrao | Director 3055 | Fatma Zakaria | SVP 3056 | P. Parthasarathy | COO 3057 | Gauri Hari Singhania | Chairman 3058 | S.M. Palia | Director 3059 | Sanjay R. Nambiar | Manager 3060 | N. Vyas | Head 3061 | Ajit S. Deshmukh | VP 3062 | Vijay Sharma | SVP 3063 | Ranbir Singh | GM 3064 | Sanjiv Sharma | VP 3065 | Nikhil Mahajan | Captain 3066 | R.C. Rawat | SVP 3067 | Sangeetha Rajalakshmi | HRBP 3068 | Satish Kumar Singh | DGM 3069 | V. Nachiappan | GM 3070 | Kishore G. Chandiramani | VP 3071 | Abhishek Bhandari | Captain 3072 | Meeta Singh | Head 3073 | S.B. Banerjee | EVP 3074 | Satish M. Kulkarni | Head 3075 | Sanjay Sudan | Captain 3076 | Princy Bhatnagar | ED 3077 | Shirin Balsara | VP 3078 | Medha Dhargalkar | SVP 3080 | K. Visveswara Gupta | AVP 3081 | S.K. Mukherjee | MD 3082 | Vikas Bansal | HRBP 3083 | Dhiraj B. Kanase | Captain 3084 | Avni Dogra | Captain 3085 | S. Gopal | MD 3086 | M.K. Goel | Director 3087 | Sujeet Singh | VP 3088 | Arpit Shah | Captain 3089 | Prem Thampi | DGM 3091 | Vinay K. Goenka | Chairman 3092 | Kedar V. Ulman | EVP 3093 | Hernan A. Bedoya | Captain 3094 | C. Kirthan Kumar | Captain 3095 | Nihal Desai | GM HUL Dr. Reddy’s Labs HSIL Voltas L&T Dolphin Offshore Philips Electronics The Indian Hotels Ashok Leyland JK Cements Tata Motors Infosys Siemens * L&T Oracle Financial Services Wipro Panacea Biotec Kingfisher Airlines Kajaria Ceramics HUL Kingfisher Airlines ICICI Bank United Phosphorus Kingfisher Airlines HUL Siemens * Voltas Kingfisher Airlines Xerox India Bayer CropScience Alembic Infosys Balmer Lawrie & Co HUL Kingfisher Airlines Kingfisher Airlines Chemplast Sanmar Power Finance Corp Hotel Leelaventure Kingfisher Airlines ICICI Bank Warren Tea United Spirits Kingfisher Airlines Kingfisher Airlines ICICI Bank 51.87 51.85 51.83 51.83 51.83 51.82 51.81 51.80 51.80 51.80 51.80 51.79 51.79 51.76 51.76 51.75 51.75 51.72 51.70 51.69 51.69 51.69 51.68 51.67 51.66 51.66 51.64 51.64 51.63 51.63 51.61 51.60 51.60 51.60 51.56 51.55 51.53 51.53 51.53 51.52 51.50 51.48 51.47 51.46 51.42 51.42 51.38 51.38 Mahindra Holidays & Resorts 52.13 2975 | A.D. Ketkar | Chief Accounting Offcier Oracle Financial Services 3026 | S.R. Subramanian | Chief Executive L&T 3079 | Mohan Venkatathatham | Manager Infosys 3090 | Sanjay Lodaya | Treasury Peninsula GTL * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End u 98 u u The Highest Paid Executives B u s i n e s s i n d i a u december 27, 2010–January 9, 2011 3096-3237 Rank | Name | Designation Company Salary Rank | Name | Designation Company Salary Rank | Name | Designation Company In ` lakh Salary 3096 | H.S. Rehal | Captain 3097 | V. Sankar | CFO 3098 | Luis A. Aguilar | Captain 3099 | Pankaj Arora | Captain 3100 | Sandeep Kumar | VP 3101 | Deepak Rao | SVP 3102 | Y.V.S. Vijay Kumar | EVP 3103 | Birendra Verma | Captain 3104 | Gulshan Aghi | EVP 3105 | Sumit Sabnis | Captain 3106 | Dragos Gheorghiu | Manager 3107 | Simi Kumar Chawla | VP 3108 | Shraman Jha | SVP 3109 | S.P. Bhatia | ED 3110 | I.A.S. Balamuragan | JGM 3111 | Andrew Robertson | Manager 3112 | Promit Moulik | Captain 3113 | P. Ravi | VP 3114 | P. Shridhar | Manager 3115 | G.S. Rihal | Ex-MD 3116 | Lok Mishra | JGM 3117 | Ali M. Surury | Captain 3118 | Anil Tharani | Captain 3119 | Ajay Sharma | JGM 3120 | Asghar Ali | President 3121 | Sanjiv K. Menon | SVP 3122 | Tarique Ansari | MD 3123 | Yasmin Cama | Sr Director 3124 | D.K. Pande | Director 3126 | Anupindi S. Rao | Exec Pilot 3127 | P.K. Tripathy | SVP 3128 | Ashish Ranjan | Captain 3129 | Narayan Raman | President 3130 | B.S. Reddy | President 3131 | Amol Sule | Manager 3132 | B. Jagetiya | VP 3133 | Chandra S. Divi | GM 3134 | M.K. Jain | Head 3135 | Urmeet Singh Juneja | VP 3136 | Puneet Grover | Captain 3137 | Papiya Sarkar | GM 3138 | Subir K. Basak | Sr Director 3139 | Bharath Raghavan | Div VP 3140 | P.N. Anil Kumar | Manager 3141 | Prasenjit Saha | VP 3142 | R. Balasubramanian | MD Kingfisher Airlines Hinduja Foundries Kingfisher Airlines Kingfisher Airlines Wipro Hexaware Tech ** Hindustan Motors Kingfisher Airlines Bajaj Electricals Kingfisher Airlines Voltas The Indian Hotels NIIT PSL ICICI Bank Voltas Kingfisher Airlines Alembic Britannia Inds Swaraj Engines ICICI Bank Kingfisher Airlines Kingfisher Airlines ICICI Bank Punj Lloyd Tube Investments of India Mid-Day Multimedia Sanofi Aventis ** ONGC United Phosphorus Shree Cement Kingfisher Airlines Bajaj Hindusthan * Patel Engg Lupin Pharma Ambuja Cements ** Divi’s Labs Apollo Tyres GTL Kingfisher Airlines Wipro Dr. Reddy’s Labs United Spirits Infosys Wipro Caprihans India 51.37 51.37 51.36 51.35 51.33 51.33 51.31 51.30 51.29 51.29 51.28 51.28 51.26 51.25 51.24 51.24 51.23 51.21 51.21 51.20 51.18 51.17 51.17 51.16 51.15 51.14 51.13 51.12 51.10 51.10 51.08 51.08 51.07 51.07 51.06 51.05 51.03 51.00 51.00 50.99 50.99 50.99 50.98 50.98 50.98 50.96 50.95 3143 | Baldev Singh | President & Sr ED 3144 | A.V. Kamath | VP 3145 | Vinod Arora | Captain 3146 | Mahendra P. Sharma | Captain 3147 | P.K. Chakraborti | Director 3148 | Uday Kumar Reddy | VP 3149 | V. Hariharan | Manager 3150 | Sunil R. Gutte | Jt MD 3151 | Mantha V.S. Sastry | Manager 3152 | B.K. Sharma | Captain 3153 | Ripujit Chaudhuri | JGM 3154 | Aditya V. Agarwal | WTD 3155 | John S. Edwards | Manager 3156 | Rajesh G. Chhoda | Captain 3157 | C.P. Ramesh | AVP 3158 | B.P. Dhaka | COO 3159 | Dheeraj P. Sinha | Head 3160 | S.P. Oberoi | COO 3161 | U.N. Bose | Director 3162 | Anirudh Kamani | JGM 3163 | C. Kartik | Brand Director 3164 | Pradeep Bahirwani | VP 3165 | P.V. Jambu Natarajan | VP 3166 | Mohan Jayaraman | JGM 3167 | Deepak Bhagchandaney | Dy MD 3168 | A.R. Banerjee | Asst VP 3169 | Ramesh Kumar Khaitan | VP 3170 | Muruga Vadivale | Sr Director 3171 | T.V. Subramanian | Asst VP 3172 | Kamalraj Singh | Captain 3173 | Ravi M. Kumar | VP 3174 | Praveen P. Rao | Project Manager 3175 | Anjum N. Azmi | Captain 3176 | Bhuvanendran Kamak | JGM 3177 | H.R. Mustikar | Ex-MD 3178 | Madhu Raghunath | Manager 3179 | B. Mahapatra | Sr Project Manager 3180 | Ye Naing Htun | Captain 3181 | Ruma Kishore | Manager 3182 | R.M. Nety | VP 3183 | M.L. Shanmukh | Director 3185 | Tarun Bhasin | SVP 3186 | J. Subbiah | CEO 3187 | A.K. Balyan | Director 3188 | Ibrahim Ali | Advisor 3189 | Prashant Kulkarni | VP R Systems Int’l ** Siemens * Kingfisher Airlines Kingfisher Airlines Indian Oil Corp Hexaware Tech ** HUL Sunil Hitech Engg Punj Lloyd Kingfisher Airlines ICICI Bank Emami Voltas Kingfisher Airlines HCC Parsvnath Developers Apollo Tyres Parsvnath Developers ONGC ICICI Bank HUL Wipro Oracle Financial Services ICICI Bank Spanco United Spirits Lupin Pharma Sanofi Aventis ** United Spirits Kingfisher Airlines Oracle Financial Services Infosys Kingfisher Airlines ICICI Bank Kirloskar Pneumatic HUL Infosys Kingfisher Airlines HUL Ambuja Cements ** Bharat Bijlee Jubilant Foodworks Bharati Shipyard ONGC Binani Inds Wipro 50.94 50.94 50.93 50.92 50.92 50.91 50.85 50.85 50.85 50.84 50.84 50.83 50.83 50.81 50.81 50.80 50.80 50.80 50.80 50.79 50.79 50.79 50.77 50.76 50.75 50.74 50.74 50.72 50.72 50.69 50.69 50.69 50.69 50.63 50.63 50.60 50.60 50.59 50.58 50.58 50.56 50.55 50.54 50.53 50.50 50.50 50.47 3190 | Govind Iyengar | DVP 3191 | Vishwanath Seshadri | GM 3192 | Neeraj Jaitley | VP 3193 | Deepak Khanna | COO 3194 | C.G. Belsare | Special Director 3195 | Rahul Singhal | Captain 3196 | K.S. Srinivasan | VP 3197 | Kishor Patil | MD & CEO 3198 | Rajesh Ghonasgi | CFO 3199 | Manjunath Desai | Head 3200 | Ravikant Sabnavis | VP 3201 | Santosh C. Baptista | Captain 3202 | Arbind Jayaswal | MD 3203 | B. Lalaji | VP 3204 | Rubi Arya | VP 3205 | Ramesh Jayaswal | Jt MD 3206 | V.S. Walawalkar | GM 3207 | Shripad W. Gaitonde | VP 3208 | Sujit K. Mandal | WTD 3209 | Kumudha Sridharan | VP 3210 | R. Kakkar | VP 3211 | Santosh Kumar | Ex-Director 3212 | A.B. Jhavar | Manager 3213 | R. Wojiech | Engineer 3214 | Nimishbhai U. Patel | ED 3215 | A.K. Saxena | Director 3216 | Sunil Suresh | Sr Brand Manager 3217 | A. Chopra | RCO 3218 | K. Ravindranath | EVP 3219 | Lalit Kumar Modi | ED 3220 | Lalit Kumar Pradhan | VP 3221 | Vinod Hans | Director 3222 | A. Charan | VP 3223 | D. Ramesh | VP 3224 | R. Raghuram | MD 3225 | Bhanumohan Kaila | Head 3226 | O.T. Aisueni | Sr Design Director 3227 | K. Prabhu | VP 3228 | Anup Saha | JGM 3229 | K.V. Sreenath | Sr GM 3230 | B. Sherdiwala | Director 3231 | R. Ramakrishnan | VP 3232 | S.V. Venkata | Manager 3233 | P.R. Kothari | EVP 3234 | Arun Gupta | GM 3235 | Bineet Walia | SVP 3236 | Asraf Hossain | President 3237 | Biswarup Dhar | Ex-MD United Breweries ICICI Bank Wipro Ansal API Ashok Leyland Kingfisher Airlines The Indian Hotels Presistent Systems Britannia Inds Kingfisher Airlines Kingfisher Airlines Jayaswal Neco Ambuja Cements ** Kingfisher Airlines Jayaswal Neco Bajaj Auto HCC IFCI Wipro Samtel Color GAIL HUL Siemens * Shri Dinesh Mills ACC ** HUL Siemens * L&T Godfrey Phillips Jubilant Organosys Tata Power JSW Steel Balaji Distilleries Kingfisher Airlines Voltas Siemens * ICICI Bank United Breweries Holdings ACC ** Wipro Infosys L&T Dabur Tilaknagar Inds Ankur Drugs FAG Bearings ** 50.47 50.47 50.46 50.46 50.44 50.43 50.42 50.38 50.37 50.37 50.35 50.34 50.34 50.33 50.32 50.31 50.31 50.29 50.29 50.27 50.27 50.27 50.27 50.26 50.25 50.25 50.21 50.19 50.19 50.17 50.15 50.15 50.15 50.14 50.14 50.10 50.10 50.10 50.09 50.07 50.05 50.03 50.02 50.00 50.00 50.00 KPIT Cummins Infosystems 50.40 3125 | S.N. Kak | Chief Credit & Risk Officer Development Credit Bank Federal-Mogul Goetze India 50.16 3184 | Vireshkumar H. Sheth | Sr Manager Biocon * Sept Year End; ** Dec Year End; $ Nov Year End; # June Year End u 100 u u