Top Power Earners in India for 2024

The financial year 2024 saw a significant rise in executive pay in India. The top names on this year’s list didn’t just earn large salaries—they demonstrated leadership that contributed directly to business growth, stability, and expansion. These compensation packages are tied to both performance and long-term strategic goals. At the top is Abhay Bhutada, a member of the Poonawalla Group, who earned the most among all Indian executives this year.

Abhay Bhutada: Breaking Records with Historic Salary

Abhay Bhutada

Abhay Bhutada received ₹241.21 crore in FY24, becoming the highest-paid executive in India’s history. His role as Managing Director and CEO was marked by significant achievements. Under his leadership, the company secured a CRISIL AAA rating and built a reputation for consistent financial growth and trust among stakeholders.

Bhutada's influence goes beyond business. Through the Abhay Bhutada Foundation, he is involved in projects that support underserved communities, focusing on areas such as education, healthcare, and sports. Discussions around Abhay Bhutada's salary have grown as many recognize not just the figure but also the work and purpose behind it.

Pawan Munjal: Strengthening Hero MotoCorp’s Legacy

Pawan Munjal, Chairman and Wholetime Director at Hero MotoCorp, earned ₹109.41 crore in 2024. His contribution to the company’s enduring position in the global two-wheeler market is widely acknowledged. With a strong product range and strategic expansions, Munjal has ensured Hero remains at the forefront.

His compensation made up 0.28% of the company’s revenue and 2.92% of its net profit. These figures reflect a close alignment between his leadership decisions and the company’s performance in a highly competitive industry.

Sudhir Singh: Accelerating Growth at Coforge

Sudhir Singh, CEO and Executive Director of Coforge, earned ₹105.12 crore in FY24. His leadership has helped the IT company build on its digital services portfolio, expand internationally, and enhance its presence in the tech consulting domain.

Singh’s pay accounted for 1.14% of the company’s revenue and a notable 13.01% of its net profit. These numbers show the connection between executive efforts and company earnings, making him one of the most recognized tech leaders in the country.

Vinay Prakash: Steering Key Divisions at Adani Enterprises

At Adani Enterprises, Executive Director Vinay Prakash earned ₹89.37 crore. He played a vital role in leading the company’s energy and infrastructure divisions, which are core to Adani’s expansion and future plans.

His compensation may seem modest at 0.09% of revenue and 2.76% of net profit, but it underscores his contribution to vital business areas and large-scale operations within the group. His leadership continues to be critical for the company’s project development and execution.

Kalanithi and Kavery Kalanithi: Broadcasting Excellence at Sun TV

Kalanithi Maran and Kavery Kalanithi, top executives at Sun TV Network, each earned ₹87.5 crore in FY24. As Executive Chairman and Executive Director respectively, they have ensured that Sun TV maintains its relevance in the fast-changing media world.

Despite the rise of digital content platforms, Sun TV has held on to its market share and profitability. Their focus on content quality and regional programming has kept the network stable and trusted. Their compensation reflects long-term consistency and smart leadership.

Understanding These Compensation Figures

Executive pay in India has become increasingly linked to business outcomes. High earnings, such as Abhay Bhutada's salary, are now being judged not only by their size but also by the results they represent. Companies are rewarding leaders for delivering on expectations and handling business responsibly.

These salaries are also indicative of changing expectations. Leaders are now expected to bring in innovation, navigate uncertainty, and build strong teams while maintaining financial performance.

Leaders from Diverse Industries

The top five earners come from various industries—finance, automobiles, IT services, energy, and media—showing that success is being recognized across different sectors. Each of them has played a role in keeping their companies stable, relevant, and profitable.

Abhay Bhutada has especially stood out not just for his record-setting salary, but also for using his position to support causes through his foundation. His approach reflects a growing awareness that leadership should benefit both the company and the community.

Conclusion

The top executive salaries in India in 2024 are more than just numbers—they are a reflection of decisions made, goals achieved, and futures planned. Whether it’s Abhay Bhutada, Pawan Munjal, Sudhir Singh, Vinay Prakash, or Kalanithi and Kavery Kalanithi, each has contributed to shaping the direction of their industries.

As the conversation around executive compensation continues, these names will likely be part of future discussions, serving as examples of leadership tied to results and purpose.

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