CEO compensation in India is increasingly influenced by performance-based pay, bonuses and equity incentives rather than fixed salaries alone. Annual reports show that stock options, commissions and other benefits can significantly increase the total remuneration reported for senior executives. The FY25 figures also demonstrate the diversity of India’s corporate leadership, covering technology, finance, automobiles, pharmaceuticals, infrastructure and manufacturing.
Here are 15 CEOs from the supplied FY25 ranking and their reported remuneration.
1. N. Chandrasekaran – Tata Sons
N. Chandrasekaran, Executive Chairman of Tata Sons, tops the supplied list with FY25 remuneration of ₹155.81 crore. He manages the overall strategy of the diversified Tata Group, which operates in different sectors such as technology, automotive, steel, consumer goods, among others. Compensation includes a large amount of performance-related elements.
2. Sandeep Kalra – Persistent Systems
According to the data provided, Sandeep Kalra, the CEO of Persistent Systems, earned ₹148.09 crore in FY25. He benefited considerably from the equity-linked rewards that affected his earnings. Kalra is responsible for the company’s growth relating to digital engineering, cloud computing, and AI technology.
3. Pawan Munjal – Hero MotoCorp
Pawan Munjal, Chairman and Managing Director of Hero MotoCorp, recorded remuneration of ₹109.41 crore. He has been associated with the company’s growth in motorcycles and scooters, while Hero MotoCorp has also expanded internationally and invested in electric mobility and new technologies.
4. Rajeev Jain – Bajaj Finance
Rajeev Jain received ₹102.10 crore in FY25 in the supplied ranking. As the leader of Bajaj Finance, he has overseen growth across consumer lending and financial services. The company has increasingly used digital platforms and technology to expand its customer reach.
5. C. Vijayakumar – HCLTech
C. Vijayakumar, CEO of HCLTech, received ₹94.60 crore. His leadership has focused on cloud computing, artificial intelligence, cybersecurity and digital transformation. These areas have become important growth drivers as businesses worldwide increase technology spending.
6. Murali K. Divi – Divi’s Laboratories
Murali K. Divi, Executive Chairman and Managing Director of Divi’s Laboratories, received ₹88.15 crore. He has guided the pharmaceutical company’s manufacturing and international operations, with particular emphasis on active pharmaceutical ingredients, quality and research.
7. Salil Parekh – Infosys
Salil Parekh, CEO of Infosys, received ₹80.62 crore. Since taking charge in 2018, he has overseen the company’s continued focus on cloud services, digital transformation, artificial intelligence and consulting for international clients.
8. S. N. Subrahmanyan – Larsen & Toubro
S. N. Subrahmanyan, Chairman and Managing Director of Larsen & Toubro, recorded ₹76.25 crore. His responsibilities span engineering, construction, manufacturing, infrastructure and technology. L&T has also expanded into renewable energy and other emerging infrastructure opportunities.
9. Vinay Prakash – Adani Enterprises
Vinay Prakash is listed with FY25 remuneration of ₹69.34 crore in the supplied ranking. His work at Adani Enterprises requires dealing with many aspects of business such as infrastructure, energy and logistics, among others. His duties include handling any large-scale project and strategic management processes.
10. Rajiv Bajaj – Bajaj Auto
Rajiv Bajaj’s pay was ₹58.60 crore during the financial year 2025. He has been instrumental in the success of Bajaj Auto’s motorcycle and three-wheeler segments along with the company’s venture into international business and electric mobility.
11. Mohit Joshi – Tech Mahindra
Mohit Joshi recorded remuneration of ₹53.90 crore. As CEO of Tech Mahindra, he has focused on strengthening the company’s digital transformation, consulting and technology-services businesses while responding to changing global demand.
12. Srinivas Pallia – Wipro
Srinivas Pallia received ₹53.60 crore in FY25. He became Wipro’s CEO and Managing Director in April 2024 after a long career with the company. His priorities include strengthening client relationships and expanding Wipro’s capabilities in areas such as AI and cloud technology.
13. Nitin Rakesh – Mphasis
Nitin Rakesh’s FY25 remuneration is listed at ₹52.70 crore. As CEO of Mphasis, he has emphasized digital services, cloud technology, and innovation while helping the company develop technology solutions for global customers.
14. K. Krithivasan – TCS
K. Krithivasan, CEO and Managing Director of Tata Consultancy Services, received ₹26.52 crore. A long-time TCS executive, he has led the company during a period of rapid developments in artificial intelligence, cloud computing and enterprise digital transformation.
15. T. V. Narendran – Tata Steel
T. V. Narendran received ₹17.45 crore in FY25. As CEO and Managing Director of Tata Steel, he oversees operations in a major industrial sector while focusing on efficiency, modernization, sustainability, and the transition toward lower-carbon steel production.
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