Naveen Jindal has topped the executive pay charts for listed companies in the country with a package of Rs 73.42 crore for the financial year 2012. His pay grew by over Rs 6 crore from the previous year.
Jindal, chairman and managing director of Jindal Steel and Power Ltd, was followed by Sun TV Network’s Kalanithi and Kavery Maran (Rs 57 crore each), Hero MotoCorp’s Pawan Munjal (Rs 34.5 crore) and Brijmohan Lall Munjal (Rs 34 crore) among the five top-paid executives.
These packages include salary, perquisites, profit-linked incentives or commissions and other benefits. Jindal has retained the position as the top-paid executive for the second consecutive year, after he dislodged Kalanithi Maran from the pole position in 2010-11.
The collective pay of the 10 top-paid executives rose by Rs 43 crore (over 12 per cent) to Rs 387 crore in the year ended March 31, according to data available with the companies that have so far published their respective annual reports.
