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Highly paid executives

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This document lists the top 100 highest paid executives in India for the year 2008-2009. It provides the name of the executive, the company they work for, their position, annual remuneration in Indian rupees (Rs), and in some cases, commission. Anil Ambani of ADAG Group was the highest paid with an annual remuneration of Rs. 5204.20 lakh. The list provides details of remuneration for executives across various industries such as steel, cement, pharmaceuticals, infrastructure, telecom and others.

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B U S I N E S S I N D I A November 29, 2009 Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) 1 Anil Ambani 賊 ADAG GROUP Chairman 5204.20 5200.00 2 Kalanithi Maran SUN TV CMD 3708.00 3 Kavery Kalanithi SUN TV Jt. MD 3708.00 4 P.R. Ramasubrahmaneya Rajha MADRAS CEMENTS CMD 2871.43 2840.14 5 Naveen Jindal JINDAL STEEL & POWER Exec. Vice CMD 2827.93 2035.63 6 Malvinder Singh RANBAXY + Chairman, CEO & MD 2371.83 7 Sunil Bharti Mittal BHARTI AIRTEL CMD 2089.66 8 Vivek Jain GUJARAT FLUORO MD 2073.31 2020.49 9 Gautam Adani 賊 ADANI GROUP Chairman 2002.94 1763.94 10 Brijmohan Lall Munjal HERO HONDA Chairman 1979.28 1861.00 11 Pawan Munjal HERO HONDA MD & CEO 1968.68 1861.00 12 Toshiaki Nakagawa HERO HONDA Jt. MD 1908.21 1861.00 13 Kumar Mangalam Birla 賊 ADITYA BIRLA GROUP Chairman 1804.52 1803.92 14 Susmihisa Fukuda HERO HONDA Tech. Dir 1581.42 1549.98 15 Murali Divi DIVIS LABORATORIES CMD 1561.00 16 Markand Bhatt TORRENT POWER WTD 1547.08 1200.00 17 Pankaj Patel CADILA HEALTHCARE CMD 1520.00 18 Jignesh Shah FINANCIAL TECH CMD 1501.71 1150.00 19 Mukesh Ambani RELIANCE IND CMD 1500.00 1341.00 20 E. Sudhir Reddy IVRCL INFRA CMD 1478.70 1327.20 21 O.S. Kanwar APOLLO TYRES CMD 1472.58 500.00 22 N. Srinivasan INDIA CEMENTS Vice CMD 1427.61 844.00 23 A.M. Naik LARSEN & TOUBRO CMD 1255.16 844.50 24 Amar Lulla CIPLA Jt. MD 1232.46 1200.00 25 Rakesh Kumar Wadhawan HDIL Exec. Chairman 1200.00 26 P. Trivikrama Prasad NAVA BHARAT VENTURES MD 1184.74 1042.75 27 D. Ashok NAVA BHARAT VENTURES Chairman 1182.78 1042.75 28 Rick Bott CAIRN ED & COO 1145.51 29 D. Bhattacharya HINDALCO MD 1109.40 30 Ajit Gulabchand HCC CMD 1108.80 576.00 31 Vijay Kantilal Sheth GREAT OFFSHORE Vice CMD 1096.55 720.00 32 Hital Meswani RELIANCE IND ED 1093.00 1041.00 33 Nikhil Meswani RELIANCE IND ED 1093.00 1041.00 34 H.K. Mittal MERCATOR LINES Exec. Chairman 1036.98 960.00 35 A.J. Agarwal MERCATOR LINES MD 1036.97 966.48 36 Rajesh Adani ADANI ENTERPRISES MD 995.00 801.00 37 Reji Abraham ABAN OFFSHORE MD 923.02 823.75 38 P.R.S. Oberoi EIH Chairman & CE 914.97 584.36 39 N. Ramachandran INDIA CEMENTS ED 888.40 422.00 40 N.V. Ramana DIVIS LABORATORIES ED 865.00 41 Prathap C. Reddy APOLLO HOSPITALS Exec. Chairman 862.14 42 Y.K. Hamied CIPLA CMD 829.78 750.00 43 James L. Whiteford IL&FS WTD 822.21 44 K. Anji Reddy DR. REDDYS LABS Chairman 806.22 0.75 45 M.K. Hamied CIPLA Jt. MD 784.15 700.00 46 S.C. Mehta DEEPAK FERT & PETRO Vice CMD 762.99 689.35 47 Y.C. Deveshwar ITC Chairman 758.80 480.00 48 Sameer Gehlaut INDIABULLS FINANCE Chairman 752.77 49 N.K. Kshatriya CASTROL MD & CEO 725.19 50 Y.M. Deosthalee LARSEN & TOUBRO WTD & CFO 715.59 422.25 51 Rahul Dhir CAIRN MD & CEO 714.59 52 K. Venkataramanan LARSEN & TOUBRO Div WTD & Pres 711.27 422.25 53 R.N. Mukhija LARSEN & TOUBRO Div WTD & Pres 706.80 422.25 54 Navin Agarwal STERLITE IND Exec. VC 700.07 55 B.G. Bangur SHREE CEMENT Exec. Chairman 694.60 450.00 56 Ravi Narain NSE MD 689.56 57 G. Bala Reddy ICSA CMD 688.66 413.26 58 S.S. Mukherjee EIH VC 669.73 328.70 59 Desh Bandhu Gupta LUPIN Chairman 667.20 473.00 60 B.G. Raghupathy BGR ENERGY CMD 664.51 61 Sajjan Jindal JSW STEEL Vice CMD 655.62 62 H.M. Bangur SHREE CEMENT MD 645.17 400.00 63 J.P. Nayak LARSEN & TOUBRO Div WTD & Pres 638.89 422.25 64 Pramod Chaudhari PRAJ IND Exec. Chairman 637.35 297.00 65 Jaydev Galla AMARA RAJA BATTERIES MD 630.70 66 Rahul Bajaj BAJAJ AUTO Chairman 626.90 360.00 67 Bharat Sheth GE SHIPPING Dy. CMD 626.08 414.00 68 Martial Rolland NESTLE INDIA CMD 624.72 69 Baba Kalyani BHARAT FORGE CMD 622.18 70 Bharat Hari Singhania JK LAKSHMI CEMENT Vice CMD 618.00 450.00 71 Vinita Singhania JK LAKSHMI CEMENT MD 616.00 450.00 72 Ajay Piramal PIRAMAL HEALTHCARE Chairman 612.76 250.00 73 Baijayant Panda INDIAN METALS & FERRO VC 611.52 554.00 74 B. Panda INDIAN METALS & FERRO Exec. Chairman 609.05 554.00 75 Subhrakant Panda INDIAN METALS & FERRO MD 608.55 554.00 76 Sarang Wadhawan HDIL MD 600.00 77 Yadupati Singhania JK CEMENTS MD 584.00 350.00 78 M.V. Kotwal LARSEN & TOUBRO Div WTD & SEVP 575.19 337.80 79 Sudhir Mehta TORRENT POWER Chairman 562.85 200.00 80 T.C. Goyal DLF MD 559.42 225.00 81 Kiran Divi DIVIS LABORATORIES Div Dir 556.00 82 Rajeev Jhawar USHA MARTIN MD 544.71 461.12 83 R. Bickson INDIAN HOTELS CO MD 531.00 84 Ratan Jindal ++ JSL Vice CMD 528.02 85 David Nishball BHARTI AIRTEL Div Pres 527.15 86 J. Schubert SIEMENS WTD 527.04 87 V.K. Magapu LARSEN & TOUBRO Div WTD & SEVP 521.62 337.80 88 Armin Bruck SIEMENS MD 521.37 89 K.V. Rangaswami LARSEN & TOUBRO Div WTD & Pres 521.26 337.80 90 G.M. Rao GMR INFRA Exec. Chairman 519.94 517.05 91 Vinod Mittal ISPAT Vice CMD 514.32 92 Stephan Gerlich BAYER CROPSCIENCE MD 512.19 93 Urvi Piramal PENINSULA LAND Exec. Chairman 505.01 225.00 94 S. Misra ULTRATECH CEMENT MD 503.00 95 Pradeep Kumar Jain PARSVNATH DEVELOPERS Chairman 500.00 96 Prakash Sanghvi RATNAMANI METALS CMD 499.87 421.00 97 Satish Reddy DR. REDDYS LABS MD & COO 495.18 400.00 98 G.V. Prasad DR. REDDYS LABS VC & CEO 495.09 400.00 99 S.K. Bangur WEST COAST PAPER CMD 494.67 463.00 100 Rohtas Goel OMAXE CMD 488.00 75.00 N 70 N N
B U S I N E S S I N D I A November 29, 2009 Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) 101 Analjit Singh MAX INDIA CMD 481.78 102 Janmejay Vyas DISHMAN PHARMA MD 466.67 103 S. Khosla P&G HEALTHCARE MD 458.04 104 A.A.V. Ranga Raju NAGARJUNA CONST MD 455.75 246.47 105 Deepak Parekh HDFC Chairman 455.63 250.20 106 G.V. Krishna Reddy TAJ GVK HOTELS Exec. Chairman 447.82 107 D.V. Rao LANCO INFRATECH Dir 444.70 108 A.J. Prasad HBL POWER CMD 437.23 426.35 109 Kamal Sharma LUPIN MD 436.40 110 Samir Mehta TORRENT PHARMA MD 434.23 200.00 111 Abhay Oswal OSWAL CHEM & FERT CMD 433.87 112 K.G. Tendulkar HCC Dy. MD 430.30 240.00 113 M.B. Parekh PIDILITE MD 428.40 270.00 114 D. Jayavarthanavelu LAKSHMI MACHINE CMD 427.84 326.32 115 Kuldip Kumar Kaura STERLITE IND MD & CEO 426.49 116 V.K. Rekhi UNITED SPIRITS MD 423.62 117 Chitra Ramkrishna NSE Dy. MD 421.42 118 Vinita Bali BRITANNIA MD 420.95 150.00 119 Vimal Kishore Kaushik PUNJ LLOYD MD 418.82 120 Madhur Bajaj BAJAJ AUTO VC 414.04 252.00 121 Bhagirath Arya JBF IND Chairman 413.44 130.00 122 B. Muthuraman TATA STEEL MD 403.13 3.50 123 K.M. Sheth GE SHIPPING Exec. Chairman 402.70 200.00 124 Dhruv Sawhney TRIVENI ENGG ** CMD 394.35 200.00 125 Manoj Kohli BHARTI AIRTEL CEO & Jt. MD 392.65 126 S. Ramadorai TCS MD & CEO 390.14 127 Premchand Godha IPCA LABS MD 389.13 216.00 128 Tomotaka Ishikawa BAJAJ AUTO Advisor 381.38 129 C. Jayaram KOTAK MAHINDRA BANK ED 381.21 130 K.R. Thakur JYOTI STRUCTURES MD 379.10 276.50 131 J.P. Chowdhary TITAGARH WAGONS Exec. Chairman 372.76 132 Umesh Chowdhary TITAGARH WAGONS Vice CMD 372.76 133 Rajiv Rattan INDIABULLS FINANCE NED 370.91 134 Rakesh Jain ADITYA BIRLA NUVO Jt. MD 370.33 84.30 135 P. Subramanian SHANTHI GEARS CMD 370.29 346.29 136 Gautam Hari Singhania RAYMOND CMD 369.31 137 Mahesh Gupta PENINSULA LAND Group MD 367.02 150.00 138 Milind Barve HDFC Dir 367.00 139 Joy Chakraborthy ZEE ENTERTAINMENT CRO 364.80 140 R.D. Shroff UNITED PHOSPHORUS CMD 362.55 141 S.D. Lalla UNITED SPIRITS Div Jt. Pres 360.46 142 Rajinder Kumar DR. REDDYS LABS Pres 360.43 143 Dinesh Oswal NAHAR SPINNING MD 359.56 144 Pravin Agarwal STERLITE TECH WTD 358.00 37.50 145 Ashok Advani BLUE STAR CMD 357.88 233.00 146 Ravi Sheth GE SHIPPING ED 355.09 210.00 147 Shyam S. Bhartia JUBILANT ORGANOSYS CMD 351.94 110.00 148 Tarun Jain STERLITE IND WTD 350.16 149 Hari S. Bhartia JUBILANT ORGANOSYS Co- CMD 349.88 110.00 150 D. Sundaram HINDUSTAN UNILEVER VC 347.27 182.25 151 Jean de Montalur FEDERAL MOGUL + MD & Pres 345.54 152 Tilak Raj Mehta CMI FPE CMD 345.35 153 Suneel Advani BLUE STAR Vice CMD 345.14 233.00 154 Preetha Reddy APOLLO HOSPITALS MD 344.85 155 Sarvjit Singh Dhillon BHARTI AIRTEL Group Dir 344.06 156 Pradeep Guha ZEE ENTERTAINMENT CEO 343.07 157 Ashok Jaipuria COSMO FILMS CMD 342.51 30.80 158 Norman Don Price IV BHARTI AIRTEL Div Dir 342.26 159 Shekhar Bajaj BAJAJ ELECTRICALS CMD 340.98 283.96 160 Glenn Saldhana GLENMARK PHARMA MD & CEO 340.93 161 P. de Royer SIEMENS ED 336.64 162 Ajai Chowdhry HCL INFO Chairman & CEO 334.88 163 Rujan Panjwani EDELWEISS Pres 334.43 164 Rajiv Singh DLF VC 332.30 250.00 165 Dipak Gupta KOTAK MAHINDRA BANK ED 331.96 166 Rajiv Bajaj BAJAJ AUTO MD 331.17 216.00 167 C.J.M. Reuvers PHILIPS ELECTRONICS + CFO 329.76 168 Bharat K. Singh ADITYA BIRLA NUVO MD 327.77 63.50 169 Akhil Gupta BHARTI AIRTEL Jt. MD 327.55 170 Bernd Lohmann BAYER CROPSCIENCE Div Head 327.23 171 Nitin Paranjpe HINDUSTAN UNILEVER MD & CEO 326.69 125.26 172 Ravi Kant TATA MOTORS MD 326.50 173 Luv Chhabra PUNJ LLOYD Div Dir 325.49 174 H.S. Bedi TULIP TELECOM CMD 323.26 175 Jai Menon BHARTI AIRTEL Div Dir 322.10 176 Arun Kumar Jagatramka GUJARAT NRE CMD 321.12 144.01 177 Keki Mistry HDFC Vice CMD 320.78 186.00 178 K.K. Maheshwari ADITYA BIRLA NUVO Biz Dir 320.63 82.25 179 Rajeev Piramal PENINSULA LAND Exec. VC 320.14 150.00 180 Shailendra Jain GRASIM WTD 319.98 181 B.S. Sawhney KOUTONS MD 319.20 182 D.P.S. Kohli KOUTONS Chairman & WTD 319.20 183 G.S. Sawhney KOUTONS Dy. MD 319.20 184 Gautam Thapar ~ CROMPTON GREAVES Chairman 318.00 318.00 185 G. Vivekanand VISAKA IND MD 315.25 251.00 186 Yutaka Kudo HERO HONDA WTD 315.11 305.92 187 K. Ganguly UNITED BREWERIES MD 314.71 188 P. Bhattacharya USHA MARTIN Jt. MD 313.20 230.56 189 G. Indira Krishna Reddy TAJ GVK HOTELS MD 312.20 190 Sudhir Trehan CROMPTON GREAVES MD 312.00 104.00 191 G.B.S. Raju GMR INFRA MD 311.97 310.25 192 Aditya Puri HDFC BANK MD 311.63 193 Arun Mehta VARUN SHIPPING CMD 311.50 144.00 194 Jayant Sanghvi RATNAMANI METALS WTD 310.04 251.00 195 A.L. Kapur AMBUJA CEMENTS MD 309.60 196 Maninder Bedi TULIP TELECOM ED 309.04 197 Arun Bharat Ram SRF Chairman 308.75 198 K.V. Kamath ICICI BANK MD & CEO 308.30 199 Hitesh Patel KINGFISHER EVP 306.92 200 K.P. Singh DLF Exec. Chairman 306.52 250.00 N 71 N N
B U S I N E S S I N D I A November 29, 2009 Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) 201 K. Swarup DLF ED 306.15 202 Ashok Jiwarjka ALOK IND Exec. Chairman 305.00 125.00 203 C.K. Bubna ALOK IND ED 305.00 125.00 204 Dilip Jiwarjka ALOK IND MD 305.00 125.00 205 Surendra Jiwarjka ALOK IND Jt. MD 305.00 125.00 206 S.V. Balasubramaniam BANNARI AMMAN SUGARS MD 303.45 207 Prayasvin Patel ELECON ENGG CMD 301.68 198.00 208 K.V. Mani KALPATARU POWER Additional Dir 301.62 106.09 209 Prakash Mody UNICHEM CMD 300.97 150.47 210 J. Saxena ELDER PHARMA CMD 300.01 211 Deepak Puri MOSER BAER CMD 300.00 212 Rajesh Jaggi PENINSULA LAND MD 300.00 100.00 213 Kamal Sarda SARDA ENERGY CMD 298.63 214 Renu Karnad HDFC Jt. MD 298.63 171.00 215 Chandrakant Sanghvi SANGHVI MOVERS CMD 297.56 157.00 216 Anil Jain JAIN IRRIGATION MD 296.58 137.68 217 S. Banerjee CESC MD 295.18 200.00 218 Raymond Noronha VST IND MD 294.43 219 Rajesh Jain EMCO CMD 294.38 250.00 220 Shailesh Jain EMCO VC, MD & CEO 293.80 250.00 221 Jeya Kumar MPHASIS Ex CEO & Dir 293.07 222 Anup Singh ITC ED 292.73 162.00 223 Rashesh Shah EDELWEISS CMD 292.18 224 Atul Sobti RANBAXY + COO 290.76 225 Swati Piramal PIRAMAL HEALTHCARE ED 289.15 125.00 226 Deepak Mittal EDELWEISS EVP 287.25 227 F. Allerkamp BOSCH + Ex Jt. MD 286.21 81.30 228 Zubair Ahmed GSK CONS HEALTHCARE MD 285.42 229 M.M. Mustapha ATLAS COPCO Ex-MD 283.11 230 Shashi Kiran Shetty ALLCARGO GLOBAL + CMD 282.05 200.00 231 Manfred Duernholz BOSCH + Jt. MD 281.05 86.15 232 R.C. Mansukhani MAN IND Chairman 277.57 233 G. Venkatesh Babu LANCO INFRATECH MD 277.50 234 Nikhil Danani BHARAT BIJLEE Vice CMD 276.77 137.92 235 Nakul Mehta BHARAT BIJLEE Vice CMD 276.45 137.92 236 G. Bhaskara Rao LANCO INFRATECH Exec. VC 275.00 237 L. Madhusudhan Rao LANCO INFRATECH Exec. Chairman 275.00 238 B. Anantharaman MAX INDIA Jt. MD 272.75 239 Adi Godrej GODREJ CONSUMER Chairman 272.02 240 Sanjay Kapoor BHARTI AIRTEL PFO (West Hub) 270.87 241 Jens Hartmann BAYER CROPSCIENCE Country Head 270.78 242 J.C. Sharma SOBHA DEVELOPERS MD 270.56 220.00 243 Pia Singh DLF WTD 269.48 100.00 244 Ekta Kapoor BALAJI TELEFILMS Creative Dir 269.31 137.00 245 Murali Sivaraman PHILIPS ELECTRONICS + VC & MD 268.47 246 K.S. Patel VOLTAMP TRANFORMERS MD & CEO 268.13 176.80 247 Arjun Oberoi EIH Div Jt. MD 266.06 109.57 248 Atul Kirloskar KIRLOSKAR OIL ENGINES CMD 264.88 75.00 249 V.L. Dutt KCP CMD 263.13 246.06 250 V.L. Indira Dutt KCP Jt. MD 263.13 246.10 251 Punit Goenka ZEE ENTERTAINMENT WTD & CEO 262.67 252 Jantia Catharina van de Vreede BHARTI AIRTEL Div Dir 262.53 253 Atul Bindal BHARTI AIRTEL Div Pres 261.65 254 A.K. Ravi Nedungadi UNITED SPIRITS Pres & CFO 261.26 255 Indrajit Banerjee CAIRN ED & CFO 261.23 256 Rishi Agarwal ABG SHIPYARD Chairman 261.15 257 Ashok Kumar Goel ESSEL PROPACK + Vice CMD 261.04 258 Rakesh Sharma BAJAJ AUTO Div CEO 259.16 259 T.V. Mohandas Pai INFOSYS Div Dir & Head 258.93 260 Gracias Saldhana GLENMARK PHARMA Chairman 258.82 258.52 261 P.B. Kulkarni AMBUJA CEMENTS WTD 258.77 262 Ajit Jain JAIN IRRIGATION Jt. MD 258.76 137.68 263 Raghupati Singhania JK TYRES Vice CMD 258.22 264 P.N.C. Menon SOBHA DEVELOPERS Chairman 258.18 265 Kaikobad Mistry BAYER CROPSCIENCE WTD 255.72 266 Inder Walia BHARTI AIRTEL Group Dir 255.52 267 Venkat Ramaswamy EDELWEISS ED 255.24 268 Lawrence Smyth CAIRN WTD 255.15 269 T.V. Sandeep Kumar Reddy GAYATRI PROJ MD 255.00 270 Vikram Oberoi EIH Div Jt. MD 254.97 109.57 271 Murli Ranganathan TORRENT POWER WTD 253.64 40.00 272 Vaidyanath Krishnamoorthy ITC ED 253.60 273 P.K. Iyer DECCAN CHRONICLE MD 252.95 274 T. Venkattram Reddy DECCAN CHRONICLE Chairman 252.37 275 Adarsh Hegde ALLCARGO GLOBAL + ED 252.20 200.00 276 Homi R. Khushrokhan TATA CHEMICALS Ex-MD 252.05 277 Sanjiv Bajaj 賊 BAJAJ GROUP MD 251.85 162.00 278 T. Vinayak Ravi Reddy DECCAN CHRONICLE VC 251.72 279 Yudisthir Khatau VARUN SHIPPING Vice CMD 251.47 81.00 280 Rajiv Lal IDFC MD & CEO 250.48 281 Ajay Munot KALPATARU POWER ED 249.65 120.65 282 Satish Khanna LUPIN Div Group Pres 249.51 283 P.T. Siganporia TATA TEA MD 248.50 100.00 284 Hari Shankar Singhania JK PAPER Chairman 247.13 62.96 285 Shobha Kapoor BALAJI TELEFILMS MD 247.12 137.00 286 Sunil Goel OMAXE Jt. MD 246.60 287 Nilesh Gupta LUPIN ED 246.50 288 Umesh Shetty ALLCARGO GLOBAL + Div CEO 246.48 200.00 289 Vikram Shroff UNITED PHOSPHORUS ED 245.11 290 Robert Douglas Stanton BAYER CROPSCIENCE Div Head 244.21 291 K.L. Patel VOLTAMP TRANFORMERS Vice CMD 243.15 176.80 292 Praful A. Shah GARDEN SILKS CMD 242.50 175.00 293 Umang Kejriwal ELECTROSTEEL CASTINGS MD 242.00 200.00 294 M. Dziki MERCK MD 241.10 35.86 295 R. Sarabeswar CON.CONST.CONSORTIUM Chairman & CEO 240.81 140.90 296 Ravi Jhunjhunwala HEG CMD 240.72 163.11 297 G.K. Agarwal BHARAT FORGE Dy. MD 240.65 298 Rajinder Gupta ABHISHEK IND MD 240.00 299 P.R. Menon TATA POWER MD 239.82 300 Mayank Kejriwal ELECTROSTEEL CASTINGS Jt. MD 239.11 200.00 N 72 N N
B U S I N E S S I N D I A November 29, 2009 Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) 301 R.K. Somany HSIL CMD 238.72 143.59 302 Deepak Satwalekar HDFC Independent Dir 236.00 303 V. Balakrishnan INFOSYS CFO 235.87 304 Manish Gupta GUJARAT AMBUJA MD 235.83 215.73 305 R. Venkatrangappan LAKSHMI MACHINE WTD 234.94 163.16 306 N.B. Goderj GODREJ IND MD 234.68 307 Vineet Nayyar TECH MAHINDRA VC, MD & CEO 234.00 63.50 308 Franz Zeller INDIAN HOTELS CO Div SVP 233.97 309 Yaduhari Dalmia DALMIA CEMENT VC 233.94 185.00 310 Jai Dalmia DALMIA CEMENT VC 233.12 185.00 311 Chirayu Amin ALEMBIC CMD 232.66 312 Kripal Singh DOLPHIN OFFSHORE Exec. Chairman 230.86 122.17 313 A.S.N. Raju NAGARJUNA CONST WTD 230.65 123.24 314 Yannick Poupon INDIAN HOTELS CO Div COO 230.12 315 Sanjay Jayavarthanavelu LAKSHMI MACHINE WTD 229.80 163.16 316 A.G.K. Raju NAGARJUNA CONST ED 229.66 123.24 317 Harsh Pati Singhania JK PAPER MD 229.35 62.96 318 Alka Goyal SURYA PHARMA ED 228.20 319 Rajiv Goyal SURYA PHARMA CMD 228.20 320 Sunil Duggal DABUR CEO 226.97 321 Sandip Somany HSIL Jt. MD 226.34 6.84 322 J.C. Mansukhani MAN IND Vice CMD 226.00 323 Sumit Banarjee ACC MD 225.14 324 Ashok Garware GARWARE OFFSHORE Exec. Chairman 224.95 125.00 325 Paresh Telang TATA MOTORS ED (CV) 224.31 326 Shashank Inamdar PRAJ IND MD & CEO 223.13 117.00 327 Weller Marc Bernd BOSCH + Div VP 222.73 328 L.H. Patel VOLTAMP TRANFORMERS Exec. Chairman 222.66 176.80 329 A.V.N. Raju NAGARJUNA CONST WTD 221.16 123.24 330 P. Sachdev GREAVES COTTON MD & CEO 221.07 331 Ashok Jain JAIN IRRIGATION VC 220.03 137.68 332 R.M. Pandia SI GROUP MD 219.54 333 A.S. Ramchander CASTROL Dir 219.09 334 P. Jayendra Nayak AXIS BANK Chairman & CEO 218.77 335 Uddhav Kejriwal ELECTROSTEEL CASTINGS WTD 218.35 170.00 336 Vikram Rao ADITYA BIRLA NUVO WTD 218.29 34.00 337 Ravinder Jain PANACEA BIOTEC MD 217.70 338 Paresh Sukthankar HDFC BANK ED 217.19 339 Nitin Kasliwal SKNL Vice CMD 216.47 340 Suneeta Reddy APOLLO HOSPITALS ED - Fin 215.53 341 Gautam Dalmia DALMIA CEMENT Jt. MD 215.26 165.00 342 Paras Chowdhary CEAT MD 215.14 343 Puneet Dalmia DALMIA CEMENT MD 214.93 165.00 344 S.K. Fotedar HCC Div ED 214.32 135.00 345 Suresh Vaswani WIPRO Jt. CEO & Dir 213.61 346 B.K. Sharma UNICHEM ED 212.85 150.47 347 Anand Mahindra MAHINDRA & MAHINDRA Vice CMD 212.74 96.47 348 C.G. Shah FORBES & CO ED - Fin 212.54 349 Shanti Sanghvi RATNAMANI METALS WTD 211.66 168.00 350 Gautam Kulkarni KIRLOSKAR OIL ENGINES Jt. MD 211.35 75.00 351 Neeraj Kanwar APOLLO TYRES VC & Jt. MD 211.27 60.00 352 S.C. Senapaty WIPRO ED & CFO 210.90 353 Rajiv Jain ICI INDIA MD & CEO 210.71 354 Kolf Wilhelm Andreas FEDERAL MOGUL + ED - Ops 209.89 355 A.P. Parigi ENTERTAINMENT NETWORK MD 209.41 356 Abhay Aima HDFC BANK Equities & Pvt Banking 209.33 357 M. Lakshminarayanan BOSCH + Ex Jt. MD 209.27 61.60 358 Arun Kapur RICO AUTO Jt. MD 208.34 359 D.P. Agarwal TRANSPORT CORP Vice CMD 208.22 360 R. Sankaraiah JUBILANT ORGANOSYS Div ED 208.08 361 Aditya Garware GARWARE OFFSHORE Vice CMD 207.57 115.00 362 Hairsh Mariwala MARICO CMD 207.44 363 S. Swamikrishnan CON.CONST.CONSORTIUM MD 207.31 140.90 364 Arvind Kapur RICO AUTO VC & MD 207.19 365 S. Venkatramani PHILIPS ELECTRONICS + Div ED, VP 207.10 366 Anand Deepak UNITED BREW HOLDINGS Div Pres 206.29 367 Kai - Uwe Brueggen BAYER CROPSCIENCE Div Head 205.74 368 T. Gouri Shankara Babu BLUE STAR Dy. MD 205.38 117.00 369 V.K. Viswanathan BOSCH + MD 205.36 58.60 370 B.R. Taneja ISMT CEO 205.34 105.49 371 J. Ravichandran NSE Div Dir 204.98 372 Lalit Khaitan RADICO KHAITAN CMD 204.75 373 Vishnu Dusad NUCLEUS SOFTWARE MD & CEO 203.03 55.25 374 Satish Jamdar BLUE STAR Dy. MD 202.78 117.00 375 A.Y. Mahajan GRINDWELL NORTON MD 202.76 376 K. Raghavendra Rao ORCHID CHEM & PHARMA MD 202.67 0.10 377 Harish Engineer HDFC BANK ED 201.22 378 H.M. Bharuka KANSAI NEROLAC MD 201.09 75.00 379 Himadri Sen RANBAXY + Div Pres 200.99 380 Ashwin Dani ASIAN PAINTS VC 200.91 100.00 381 Girish Paranjpe WIPRO Jt. CEO & Dir 200.79 382 Vijaykumar Gupta GUJARAT AMBUJA CMD 200.13 176.51 383 D. Atkinson AMBUJA CEMENTS CFO 200.03 384 Braja Mishra WELSPUN GUJARAT Dir 200.00 385 N.P. Ghuwalewala AMBUJA CEMENTS WTD 199.94 386 Anil Sureka ISPAT Div ED 199.54 387 Amit Kalyani BHARAT FORGE ED 199.30 388 Roopa Kudva CRISIL + MD & CEO 199.25 95.90 389 Vinod Garg ISPAT Div ED 199.19 390 Meenakshi Sarogi BALRAMPUR CHINI ** Jt. MD 199.17 90.00 391 M.K. Singhi SHREE CEMENT ED 198.30 392 Satpal Singh DOLPHIN OFFSHORE MD 198.13 91.63 393 Abhay Vakil ASIAN PAINTS MD & CEO 198.07 100.00 394 Vikrampati Singhania JK TYRES Dy. MD 197.98 395 Prasad Chandran BASF CMD 197.81 396 Ashwin Choksi ASIAN PAINTS Chairman 197.73 100.00 397 H.B. Joshipura GSK PHARMA + MD 197.24 398 Ajay Bijli PVR CMD 197.20 399 Shinzo Nakanishi MARUTI SUZUKI MD & CEO 197.16 400 Atul Jain JAIN IRRIGATION CMO 196.72 45.89 N 74 N N
N 75 N N Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) 401 Dinesh Mody J.B. CHEM & PHARMA Div WTD 196.56 55.00 402 Jyotindra Mody J.B. CHEM & PHARMA CMD 196.56 55.00 403 Shirish Mody J.B. CHEM & PHARMA Div WTD 196.56 55.00 404 Joe McGowan GUJARAT GAS + Div Dir 196.14 405 Krish Shankar BHARTI AIRTEL Div Dir 195.57 406 Ravi Menon SOBHA DEVELOPERS VC 194.81 407 Navpreet Singh DOLPHIN OFFSHORE Jt. MD 194.78 91.63 408 S.P. Oswal VARDHMAN TEXTILES CMD 193.94 128.65 409 M.P. Taparia SUPREME IND MD 193.87 145.64 410 K.M. Philip MRF ** WTD 193.65 45.00 411 S.J. Taparia SUPREME IND ED 193.51 145.64 412 Ramesh Chandra UNITECH Chairman 192.96 413 Shivinder Singh FORTIS HEALTHCARE MD 192.96 50.00 414 Rajiv Prasad HALONIX MD 192.42 415 Prabhakar Jain GOODYEAR + CMD 192.31 416 Vikram Kirloskar KIRLOSKAR BRORS ED 191.90 75.00 417 Vivek Sarogi BALRAMPUR CHINI ** MD 190.82 90.00 418 Anil Kumar Mittal KRBL CMD 190.56 419 K.M. Mammen MRF ** CMD 190.47 45.00 420 Rustin Ray Murdock FEDERAL MOGUL + WTD & CFO 190.46 421 Ravi Bhardwaj SUNFLAG IRON Vice CMD 190.07 116.71 422 Ashok Capoor UNITED SPIRITS Dy. Pres 189.74 423 O.P. Lohia INDO RAMA SYNTICS CMD 189.71 424 Raghib Azmi OTIS Mechanical Engg 189.00 425 D. Khaitan EVEREADY Exec. Vice CMD 188.60 426 D.D. Rathi GRASIM WTD & CFO 187.97 427 Sanjeev I. Dani RANBAXY + Div SVP & Regional Dir 187.92 428 Dilip Gaur HINDALCO Group Exec. Pres 187.78 429 Srinath Batni INFOSYS Div Dir & Head 186.94 430 P.A. Murali UNITED SPIRITS Dy. Pres & CFO 186.81 431 Manoj Gaur JAIPRAKASH ASS Exec. Chairman 185.84 432 N. Santhanam PIRAMAL HEALTHCARE ED & COO 185.76 45.00 433 Hemant Shah ACKRUTI CITY Exec. Chairman 185.76 434 Nick White KINGFISHER COO 185.67 435 V.K. Taparia SUPREME IND ED 185.15 145.64 436 Yash Mahajan SWARAJ MAZDA MD 184.88 10.61 437 Pranav Bhardwaj SUNFLAG IRON Jt. MD 184.65 116.71 438 Rahul Kirloskar KIRLOSKAR OIL ENGINES Dir (Exports) 184.09 75.00 439 Chanda Kochhar ICICI BANK Jt. MD & CFO 184.02 440 P.K. Khurana EVEREST KANTO CMD 183.66 119.93 441 Sanjay Shah MANUGRAPH Vice CMD 183.58 442 D.S. Kulkarni D.S. KULKARNI CMD 183.48 443 Pradeep Shah MANUGRAPH MD 182.47 444 R.D. Chandak KEC INTERNATIONAL MD 182.39 30.00 445 Farouk Irani FIRST LEASING MD 182.18 126.44 446 B.K. Singh ISPAT Div ED 182.11 447 Ajay Shriram DCM SHRIRAM CONS Chairman & Sr. MD 182.08 59.00 448 P.C. Kapoor BHARATI SHIPYARD MD 181.68 449 Vijay Kumar BHARATI SHIPYARD MD 181.68 450 Ratal Puri MOSER BAER ED 181.00 451 Dhaval Buch HINDUSTAN UNILEVER Div ED 180.73 64.88 452 Ajit Kulkarni PRATIBHA IND MD 180.00 453 R.K. Jena BALASORE ALLOYS MD 179.46 454 A. Mazumdar TIL Chairman 178.26 108.04 455 Pradip Kumar Bhatnagar RANBAXY + Drug Discovery Research 178.10 456 R. Seshasayee ASHOK LEYLAND MD 177.94 43.60 457 K.R. Upili SIEMENS WTD 177.08 458 Sanjay Kirloskar KIRLOSKAR BROS CMD 176.86 75.00 459 Soshil Kumar Jain PANACEA BIOTEC Chairman 176.74 460 Rajas Doshi INDIAN HUME PIPE CO CMD 176.38 100.18 461 K.K. Modi INDOFIL ORGANICS CMD 176.13 108.00 462 Anil Jaggia HDFC BANK IT 176.06 463 S.K. Sharma JAIPRAKASH ASS Exec. VC 176.05 464 Habil Khorakiwala WOCKHARDT + Chairman 176.00 465 Marcelo Villagran BATA + MD 175.95 466 K.K. Bangur GRAPHITE Chairman 175.80 174.00 467 Sumit Mazumdar TIL Vice CMD 173.79 108.84 468 Alexius Collette PHILIPS ELECTRONICS + CEO 173.58 469 Ashok P. Hinduja HINDUJA VENTURES Exec. Chairman 173.45 470 Anant Bajaj BAJAJ ELECTRICALS ED 173.36 141.98 471 M.P. Ramachandran JYOTHY LABORATORIES CMD 173.27 82.55 472 Gajendra Patni PATNI + Non-ED 172.92 111.00 473 Malika Amin ALEMBIC WTD 172.75 474 Rakesh Makhija SKF MD 172.45 475 Kapil Puri SPANCO CMD 172.36 476 Bhaskar Bhat TITAN MD 172.32 90.00 477 Sanjeev Kumar Jain PARSVNATH DEVELOPERS MD 172.25 478 Deepak Patel MPHASIS Dir 171.88 479 A.S. Johar UNITECH Div WTD 171.52 480 Ajay Chandra UNITECH MD 171.52 481 Sanjay Chandra UNITECH MD 171.52 482 N.M. Gupta SUTLEJ TEXTILES Pres 171.34 483 Vikrant Gujral JINDAL STEEL & POWER VC & CEO 171.15 59.87 484 Shobhana Bhartia HT MEDIA Chairperson & Editorial Dir 170.48 485 N. Chandrasekaran TCS ED & COO 170.09 486 Dinesh Nair HOTEL LEELA Jt. MD 170.08 100.00 487 Vivek Nair HOTEL LEELA Vice CMD 170.08 100.00 488 Alok P. Shah GARDEN SILKS Jt. MD 170.00 125.00 489 Naresh Kumar RANBAXY + Div SVP 169.97 490 Madhavan Menon THOMAS COOK + MD 169.70 491 N. Sai Sankar VST IND Dy. MD & Secy 169.40 492 Niru Mehta AVAYA GLOBAL ** Vice CMD 169.00 493 R. Keswani EIH Pres - Trident Hotels 168.84 494 Vikram Shriram DCM SHRIRAM CONS Vice CMD 168.77 56.00 495 Vijay Kumar Batra RANBAXY + Div SVP 168.48 496 Louis odoor van den Boog PATNI + ED 167.42 497 Prakash Shukla INDIAN HOTELS CO Div SVP 167.07 498 Ashok Goyal PHILLIPS CARBON MD 166.67 499 Andrew Macaulay LUPIN Div EVP 166.64 500 H.S. Bawa ZUARI IND MD 166.22 B U S I N E S S I N D I A November 29, 2009

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  • 1. B U S I N E S S I N D I A November 29, 2009 Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) 1 Anil Ambani 賊 ADAG GROUP Chairman 5204.20 5200.00 2 Kalanithi Maran SUN TV CMD 3708.00 3 Kavery Kalanithi SUN TV Jt. MD 3708.00 4 P.R. Ramasubrahmaneya Rajha MADRAS CEMENTS CMD 2871.43 2840.14 5 Naveen Jindal JINDAL STEEL & POWER Exec. Vice CMD 2827.93 2035.63 6 Malvinder Singh RANBAXY + Chairman, CEO & MD 2371.83 7 Sunil Bharti Mittal BHARTI AIRTEL CMD 2089.66 8 Vivek Jain GUJARAT FLUORO MD 2073.31 2020.49 9 Gautam Adani 賊 ADANI GROUP Chairman 2002.94 1763.94 10 Brijmohan Lall Munjal HERO HONDA Chairman 1979.28 1861.00 11 Pawan Munjal HERO HONDA MD & CEO 1968.68 1861.00 12 Toshiaki Nakagawa HERO HONDA Jt. MD 1908.21 1861.00 13 Kumar Mangalam Birla 賊 ADITYA BIRLA GROUP Chairman 1804.52 1803.92 14 Susmihisa Fukuda HERO HONDA Tech. Dir 1581.42 1549.98 15 Murali Divi DIVIS LABORATORIES CMD 1561.00 16 Markand Bhatt TORRENT POWER WTD 1547.08 1200.00 17 Pankaj Patel CADILA HEALTHCARE CMD 1520.00 18 Jignesh Shah FINANCIAL TECH CMD 1501.71 1150.00 19 Mukesh Ambani RELIANCE IND CMD 1500.00 1341.00 20 E. Sudhir Reddy IVRCL INFRA CMD 1478.70 1327.20 21 O.S. Kanwar APOLLO TYRES CMD 1472.58 500.00 22 N. Srinivasan INDIA CEMENTS Vice CMD 1427.61 844.00 23 A.M. Naik LARSEN & TOUBRO CMD 1255.16 844.50 24 Amar Lulla CIPLA Jt. MD 1232.46 1200.00 25 Rakesh Kumar Wadhawan HDIL Exec. Chairman 1200.00 26 P. Trivikrama Prasad NAVA BHARAT VENTURES MD 1184.74 1042.75 27 D. Ashok NAVA BHARAT VENTURES Chairman 1182.78 1042.75 28 Rick Bott CAIRN ED & COO 1145.51 29 D. Bhattacharya HINDALCO MD 1109.40 30 Ajit Gulabchand HCC CMD 1108.80 576.00 31 Vijay Kantilal Sheth GREAT OFFSHORE Vice CMD 1096.55 720.00 32 Hital Meswani RELIANCE IND ED 1093.00 1041.00 33 Nikhil Meswani RELIANCE IND ED 1093.00 1041.00 34 H.K. Mittal MERCATOR LINES Exec. Chairman 1036.98 960.00 35 A.J. Agarwal MERCATOR LINES MD 1036.97 966.48 36 Rajesh Adani ADANI ENTERPRISES MD 995.00 801.00 37 Reji Abraham ABAN OFFSHORE MD 923.02 823.75 38 P.R.S. Oberoi EIH Chairman & CE 914.97 584.36 39 N. Ramachandran INDIA CEMENTS ED 888.40 422.00 40 N.V. Ramana DIVIS LABORATORIES ED 865.00 41 Prathap C. Reddy APOLLO HOSPITALS Exec. Chairman 862.14 42 Y.K. Hamied CIPLA CMD 829.78 750.00 43 James L. Whiteford IL&FS WTD 822.21 44 K. Anji Reddy DR. REDDYS LABS Chairman 806.22 0.75 45 M.K. Hamied CIPLA Jt. MD 784.15 700.00 46 S.C. Mehta DEEPAK FERT & PETRO Vice CMD 762.99 689.35 47 Y.C. Deveshwar ITC Chairman 758.80 480.00 48 Sameer Gehlaut INDIABULLS FINANCE Chairman 752.77 49 N.K. Kshatriya CASTROL MD & CEO 725.19 50 Y.M. Deosthalee LARSEN & TOUBRO WTD & CFO 715.59 422.25 51 Rahul Dhir CAIRN MD & CEO 714.59 52 K. Venkataramanan LARSEN & TOUBRO Div WTD & Pres 711.27 422.25 53 R.N. Mukhija LARSEN & TOUBRO Div WTD & Pres 706.80 422.25 54 Navin Agarwal STERLITE IND Exec. VC 700.07 55 B.G. Bangur SHREE CEMENT Exec. Chairman 694.60 450.00 56 Ravi Narain NSE MD 689.56 57 G. Bala Reddy ICSA CMD 688.66 413.26 58 S.S. Mukherjee EIH VC 669.73 328.70 59 Desh Bandhu Gupta LUPIN Chairman 667.20 473.00 60 B.G. Raghupathy BGR ENERGY CMD 664.51 61 Sajjan Jindal JSW STEEL Vice CMD 655.62 62 H.M. Bangur SHREE CEMENT MD 645.17 400.00 63 J.P. Nayak LARSEN & TOUBRO Div WTD & Pres 638.89 422.25 64 Pramod Chaudhari PRAJ IND Exec. Chairman 637.35 297.00 65 Jaydev Galla AMARA RAJA BATTERIES MD 630.70 66 Rahul Bajaj BAJAJ AUTO Chairman 626.90 360.00 67 Bharat Sheth GE SHIPPING Dy. CMD 626.08 414.00 68 Martial Rolland NESTLE INDIA CMD 624.72 69 Baba Kalyani BHARAT FORGE CMD 622.18 70 Bharat Hari Singhania JK LAKSHMI CEMENT Vice CMD 618.00 450.00 71 Vinita Singhania JK LAKSHMI CEMENT MD 616.00 450.00 72 Ajay Piramal PIRAMAL HEALTHCARE Chairman 612.76 250.00 73 Baijayant Panda INDIAN METALS & FERRO VC 611.52 554.00 74 B. Panda INDIAN METALS & FERRO Exec. Chairman 609.05 554.00 75 Subhrakant Panda INDIAN METALS & FERRO MD 608.55 554.00 76 Sarang Wadhawan HDIL MD 600.00 77 Yadupati Singhania JK CEMENTS MD 584.00 350.00 78 M.V. Kotwal LARSEN & TOUBRO Div WTD & SEVP 575.19 337.80 79 Sudhir Mehta TORRENT POWER Chairman 562.85 200.00 80 T.C. Goyal DLF MD 559.42 225.00 81 Kiran Divi DIVIS LABORATORIES Div Dir 556.00 82 Rajeev Jhawar USHA MARTIN MD 544.71 461.12 83 R. Bickson INDIAN HOTELS CO MD 531.00 84 Ratan Jindal ++ JSL Vice CMD 528.02 85 David Nishball BHARTI AIRTEL Div Pres 527.15 86 J. Schubert SIEMENS WTD 527.04 87 V.K. Magapu LARSEN & TOUBRO Div WTD & SEVP 521.62 337.80 88 Armin Bruck SIEMENS MD 521.37 89 K.V. Rangaswami LARSEN & TOUBRO Div WTD & Pres 521.26 337.80 90 G.M. Rao GMR INFRA Exec. Chairman 519.94 517.05 91 Vinod Mittal ISPAT Vice CMD 514.32 92 Stephan Gerlich BAYER CROPSCIENCE MD 512.19 93 Urvi Piramal PENINSULA LAND Exec. Chairman 505.01 225.00 94 S. Misra ULTRATECH CEMENT MD 503.00 95 Pradeep Kumar Jain PARSVNATH DEVELOPERS Chairman 500.00 96 Prakash Sanghvi RATNAMANI METALS CMD 499.87 421.00 97 Satish Reddy DR. REDDYS LABS MD & COO 495.18 400.00 98 G.V. Prasad DR. REDDYS LABS VC & CEO 495.09 400.00 99 S.K. Bangur WEST COAST PAPER CMD 494.67 463.00 100 Rohtas Goel OMAXE CMD 488.00 75.00 N 70 N N
  • 2. B U S I N E S S I N D I A November 29, 2009 Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) 101 Analjit Singh MAX INDIA CMD 481.78 102 Janmejay Vyas DISHMAN PHARMA MD 466.67 103 S. Khosla P&G HEALTHCARE MD 458.04 104 A.A.V. Ranga Raju NAGARJUNA CONST MD 455.75 246.47 105 Deepak Parekh HDFC Chairman 455.63 250.20 106 G.V. Krishna Reddy TAJ GVK HOTELS Exec. Chairman 447.82 107 D.V. Rao LANCO INFRATECH Dir 444.70 108 A.J. Prasad HBL POWER CMD 437.23 426.35 109 Kamal Sharma LUPIN MD 436.40 110 Samir Mehta TORRENT PHARMA MD 434.23 200.00 111 Abhay Oswal OSWAL CHEM & FERT CMD 433.87 112 K.G. Tendulkar HCC Dy. MD 430.30 240.00 113 M.B. Parekh PIDILITE MD 428.40 270.00 114 D. Jayavarthanavelu LAKSHMI MACHINE CMD 427.84 326.32 115 Kuldip Kumar Kaura STERLITE IND MD & CEO 426.49 116 V.K. Rekhi UNITED SPIRITS MD 423.62 117 Chitra Ramkrishna NSE Dy. MD 421.42 118 Vinita Bali BRITANNIA MD 420.95 150.00 119 Vimal Kishore Kaushik PUNJ LLOYD MD 418.82 120 Madhur Bajaj BAJAJ AUTO VC 414.04 252.00 121 Bhagirath Arya JBF IND Chairman 413.44 130.00 122 B. Muthuraman TATA STEEL MD 403.13 3.50 123 K.M. Sheth GE SHIPPING Exec. Chairman 402.70 200.00 124 Dhruv Sawhney TRIVENI ENGG ** CMD 394.35 200.00 125 Manoj Kohli BHARTI AIRTEL CEO & Jt. MD 392.65 126 S. Ramadorai TCS MD & CEO 390.14 127 Premchand Godha IPCA LABS MD 389.13 216.00 128 Tomotaka Ishikawa BAJAJ AUTO Advisor 381.38 129 C. Jayaram KOTAK MAHINDRA BANK ED 381.21 130 K.R. Thakur JYOTI STRUCTURES MD 379.10 276.50 131 J.P. Chowdhary TITAGARH WAGONS Exec. Chairman 372.76 132 Umesh Chowdhary TITAGARH WAGONS Vice CMD 372.76 133 Rajiv Rattan INDIABULLS FINANCE NED 370.91 134 Rakesh Jain ADITYA BIRLA NUVO Jt. MD 370.33 84.30 135 P. Subramanian SHANTHI GEARS CMD 370.29 346.29 136 Gautam Hari Singhania RAYMOND CMD 369.31 137 Mahesh Gupta PENINSULA LAND Group MD 367.02 150.00 138 Milind Barve HDFC Dir 367.00 139 Joy Chakraborthy ZEE ENTERTAINMENT CRO 364.80 140 R.D. Shroff UNITED PHOSPHORUS CMD 362.55 141 S.D. Lalla UNITED SPIRITS Div Jt. Pres 360.46 142 Rajinder Kumar DR. REDDYS LABS Pres 360.43 143 Dinesh Oswal NAHAR SPINNING MD 359.56 144 Pravin Agarwal STERLITE TECH WTD 358.00 37.50 145 Ashok Advani BLUE STAR CMD 357.88 233.00 146 Ravi Sheth GE SHIPPING ED 355.09 210.00 147 Shyam S. Bhartia JUBILANT ORGANOSYS CMD 351.94 110.00 148 Tarun Jain STERLITE IND WTD 350.16 149 Hari S. Bhartia JUBILANT ORGANOSYS Co- CMD 349.88 110.00 150 D. Sundaram HINDUSTAN UNILEVER VC 347.27 182.25 151 Jean de Montalur FEDERAL MOGUL + MD & Pres 345.54 152 Tilak Raj Mehta CMI FPE CMD 345.35 153 Suneel Advani BLUE STAR Vice CMD 345.14 233.00 154 Preetha Reddy APOLLO HOSPITALS MD 344.85 155 Sarvjit Singh Dhillon BHARTI AIRTEL Group Dir 344.06 156 Pradeep Guha ZEE ENTERTAINMENT CEO 343.07 157 Ashok Jaipuria COSMO FILMS CMD 342.51 30.80 158 Norman Don Price IV BHARTI AIRTEL Div Dir 342.26 159 Shekhar Bajaj BAJAJ ELECTRICALS CMD 340.98 283.96 160 Glenn Saldhana GLENMARK PHARMA MD & CEO 340.93 161 P. de Royer SIEMENS ED 336.64 162 Ajai Chowdhry HCL INFO Chairman & CEO 334.88 163 Rujan Panjwani EDELWEISS Pres 334.43 164 Rajiv Singh DLF VC 332.30 250.00 165 Dipak Gupta KOTAK MAHINDRA BANK ED 331.96 166 Rajiv Bajaj BAJAJ AUTO MD 331.17 216.00 167 C.J.M. Reuvers PHILIPS ELECTRONICS + CFO 329.76 168 Bharat K. Singh ADITYA BIRLA NUVO MD 327.77 63.50 169 Akhil Gupta BHARTI AIRTEL Jt. MD 327.55 170 Bernd Lohmann BAYER CROPSCIENCE Div Head 327.23 171 Nitin Paranjpe HINDUSTAN UNILEVER MD & CEO 326.69 125.26 172 Ravi Kant TATA MOTORS MD 326.50 173 Luv Chhabra PUNJ LLOYD Div Dir 325.49 174 H.S. Bedi TULIP TELECOM CMD 323.26 175 Jai Menon BHARTI AIRTEL Div Dir 322.10 176 Arun Kumar Jagatramka GUJARAT NRE CMD 321.12 144.01 177 Keki Mistry HDFC Vice CMD 320.78 186.00 178 K.K. Maheshwari ADITYA BIRLA NUVO Biz Dir 320.63 82.25 179 Rajeev Piramal PENINSULA LAND Exec. VC 320.14 150.00 180 Shailendra Jain GRASIM WTD 319.98 181 B.S. Sawhney KOUTONS MD 319.20 182 D.P.S. Kohli KOUTONS Chairman & WTD 319.20 183 G.S. Sawhney KOUTONS Dy. MD 319.20 184 Gautam Thapar ~ CROMPTON GREAVES Chairman 318.00 318.00 185 G. Vivekanand VISAKA IND MD 315.25 251.00 186 Yutaka Kudo HERO HONDA WTD 315.11 305.92 187 K. Ganguly UNITED BREWERIES MD 314.71 188 P. Bhattacharya USHA MARTIN Jt. MD 313.20 230.56 189 G. Indira Krishna Reddy TAJ GVK HOTELS MD 312.20 190 Sudhir Trehan CROMPTON GREAVES MD 312.00 104.00 191 G.B.S. Raju GMR INFRA MD 311.97 310.25 192 Aditya Puri HDFC BANK MD 311.63 193 Arun Mehta VARUN SHIPPING CMD 311.50 144.00 194 Jayant Sanghvi RATNAMANI METALS WTD 310.04 251.00 195 A.L. Kapur AMBUJA CEMENTS MD 309.60 196 Maninder Bedi TULIP TELECOM ED 309.04 197 Arun Bharat Ram SRF Chairman 308.75 198 K.V. Kamath ICICI BANK MD & CEO 308.30 199 Hitesh Patel KINGFISHER EVP 306.92 200 K.P. Singh DLF Exec. Chairman 306.52 250.00 N 71 N N
  • 3. B U S I N E S S I N D I A November 29, 2009 Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) 201 K. Swarup DLF ED 306.15 202 Ashok Jiwarjka ALOK IND Exec. Chairman 305.00 125.00 203 C.K. Bubna ALOK IND ED 305.00 125.00 204 Dilip Jiwarjka ALOK IND MD 305.00 125.00 205 Surendra Jiwarjka ALOK IND Jt. MD 305.00 125.00 206 S.V. Balasubramaniam BANNARI AMMAN SUGARS MD 303.45 207 Prayasvin Patel ELECON ENGG CMD 301.68 198.00 208 K.V. Mani KALPATARU POWER Additional Dir 301.62 106.09 209 Prakash Mody UNICHEM CMD 300.97 150.47 210 J. Saxena ELDER PHARMA CMD 300.01 211 Deepak Puri MOSER BAER CMD 300.00 212 Rajesh Jaggi PENINSULA LAND MD 300.00 100.00 213 Kamal Sarda SARDA ENERGY CMD 298.63 214 Renu Karnad HDFC Jt. MD 298.63 171.00 215 Chandrakant Sanghvi SANGHVI MOVERS CMD 297.56 157.00 216 Anil Jain JAIN IRRIGATION MD 296.58 137.68 217 S. Banerjee CESC MD 295.18 200.00 218 Raymond Noronha VST IND MD 294.43 219 Rajesh Jain EMCO CMD 294.38 250.00 220 Shailesh Jain EMCO VC, MD & CEO 293.80 250.00 221 Jeya Kumar MPHASIS Ex CEO & Dir 293.07 222 Anup Singh ITC ED 292.73 162.00 223 Rashesh Shah EDELWEISS CMD 292.18 224 Atul Sobti RANBAXY + COO 290.76 225 Swati Piramal PIRAMAL HEALTHCARE ED 289.15 125.00 226 Deepak Mittal EDELWEISS EVP 287.25 227 F. Allerkamp BOSCH + Ex Jt. MD 286.21 81.30 228 Zubair Ahmed GSK CONS HEALTHCARE MD 285.42 229 M.M. Mustapha ATLAS COPCO Ex-MD 283.11 230 Shashi Kiran Shetty ALLCARGO GLOBAL + CMD 282.05 200.00 231 Manfred Duernholz BOSCH + Jt. MD 281.05 86.15 232 R.C. Mansukhani MAN IND Chairman 277.57 233 G. Venkatesh Babu LANCO INFRATECH MD 277.50 234 Nikhil Danani BHARAT BIJLEE Vice CMD 276.77 137.92 235 Nakul Mehta BHARAT BIJLEE Vice CMD 276.45 137.92 236 G. Bhaskara Rao LANCO INFRATECH Exec. VC 275.00 237 L. Madhusudhan Rao LANCO INFRATECH Exec. Chairman 275.00 238 B. Anantharaman MAX INDIA Jt. MD 272.75 239 Adi Godrej GODREJ CONSUMER Chairman 272.02 240 Sanjay Kapoor BHARTI AIRTEL PFO (West Hub) 270.87 241 Jens Hartmann BAYER CROPSCIENCE Country Head 270.78 242 J.C. Sharma SOBHA DEVELOPERS MD 270.56 220.00 243 Pia Singh DLF WTD 269.48 100.00 244 Ekta Kapoor BALAJI TELEFILMS Creative Dir 269.31 137.00 245 Murali Sivaraman PHILIPS ELECTRONICS + VC & MD 268.47 246 K.S. Patel VOLTAMP TRANFORMERS MD & CEO 268.13 176.80 247 Arjun Oberoi EIH Div Jt. MD 266.06 109.57 248 Atul Kirloskar KIRLOSKAR OIL ENGINES CMD 264.88 75.00 249 V.L. Dutt KCP CMD 263.13 246.06 250 V.L. Indira Dutt KCP Jt. MD 263.13 246.10 251 Punit Goenka ZEE ENTERTAINMENT WTD & CEO 262.67 252 Jantia Catharina van de Vreede BHARTI AIRTEL Div Dir 262.53 253 Atul Bindal BHARTI AIRTEL Div Pres 261.65 254 A.K. Ravi Nedungadi UNITED SPIRITS Pres & CFO 261.26 255 Indrajit Banerjee CAIRN ED & CFO 261.23 256 Rishi Agarwal ABG SHIPYARD Chairman 261.15 257 Ashok Kumar Goel ESSEL PROPACK + Vice CMD 261.04 258 Rakesh Sharma BAJAJ AUTO Div CEO 259.16 259 T.V. Mohandas Pai INFOSYS Div Dir & Head 258.93 260 Gracias Saldhana GLENMARK PHARMA Chairman 258.82 258.52 261 P.B. Kulkarni AMBUJA CEMENTS WTD 258.77 262 Ajit Jain JAIN IRRIGATION Jt. MD 258.76 137.68 263 Raghupati Singhania JK TYRES Vice CMD 258.22 264 P.N.C. Menon SOBHA DEVELOPERS Chairman 258.18 265 Kaikobad Mistry BAYER CROPSCIENCE WTD 255.72 266 Inder Walia BHARTI AIRTEL Group Dir 255.52 267 Venkat Ramaswamy EDELWEISS ED 255.24 268 Lawrence Smyth CAIRN WTD 255.15 269 T.V. Sandeep Kumar Reddy GAYATRI PROJ MD 255.00 270 Vikram Oberoi EIH Div Jt. MD 254.97 109.57 271 Murli Ranganathan TORRENT POWER WTD 253.64 40.00 272 Vaidyanath Krishnamoorthy ITC ED 253.60 273 P.K. Iyer DECCAN CHRONICLE MD 252.95 274 T. Venkattram Reddy DECCAN CHRONICLE Chairman 252.37 275 Adarsh Hegde ALLCARGO GLOBAL + ED 252.20 200.00 276 Homi R. Khushrokhan TATA CHEMICALS Ex-MD 252.05 277 Sanjiv Bajaj 賊 BAJAJ GROUP MD 251.85 162.00 278 T. Vinayak Ravi Reddy DECCAN CHRONICLE VC 251.72 279 Yudisthir Khatau VARUN SHIPPING Vice CMD 251.47 81.00 280 Rajiv Lal IDFC MD & CEO 250.48 281 Ajay Munot KALPATARU POWER ED 249.65 120.65 282 Satish Khanna LUPIN Div Group Pres 249.51 283 P.T. Siganporia TATA TEA MD 248.50 100.00 284 Hari Shankar Singhania JK PAPER Chairman 247.13 62.96 285 Shobha Kapoor BALAJI TELEFILMS MD 247.12 137.00 286 Sunil Goel OMAXE Jt. MD 246.60 287 Nilesh Gupta LUPIN ED 246.50 288 Umesh Shetty ALLCARGO GLOBAL + Div CEO 246.48 200.00 289 Vikram Shroff UNITED PHOSPHORUS ED 245.11 290 Robert Douglas Stanton BAYER CROPSCIENCE Div Head 244.21 291 K.L. Patel VOLTAMP TRANFORMERS Vice CMD 243.15 176.80 292 Praful A. Shah GARDEN SILKS CMD 242.50 175.00 293 Umang Kejriwal ELECTROSTEEL CASTINGS MD 242.00 200.00 294 M. Dziki MERCK MD 241.10 35.86 295 R. Sarabeswar CON.CONST.CONSORTIUM Chairman & CEO 240.81 140.90 296 Ravi Jhunjhunwala HEG CMD 240.72 163.11 297 G.K. Agarwal BHARAT FORGE Dy. MD 240.65 298 Rajinder Gupta ABHISHEK IND MD 240.00 299 P.R. Menon TATA POWER MD 239.82 300 Mayank Kejriwal ELECTROSTEEL CASTINGS Jt. MD 239.11 200.00 N 72 N N
  • 4. B U S I N E S S I N D I A November 29, 2009 Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) 301 R.K. Somany HSIL CMD 238.72 143.59 302 Deepak Satwalekar HDFC Independent Dir 236.00 303 V. Balakrishnan INFOSYS CFO 235.87 304 Manish Gupta GUJARAT AMBUJA MD 235.83 215.73 305 R. Venkatrangappan LAKSHMI MACHINE WTD 234.94 163.16 306 N.B. Goderj GODREJ IND MD 234.68 307 Vineet Nayyar TECH MAHINDRA VC, MD & CEO 234.00 63.50 308 Franz Zeller INDIAN HOTELS CO Div SVP 233.97 309 Yaduhari Dalmia DALMIA CEMENT VC 233.94 185.00 310 Jai Dalmia DALMIA CEMENT VC 233.12 185.00 311 Chirayu Amin ALEMBIC CMD 232.66 312 Kripal Singh DOLPHIN OFFSHORE Exec. Chairman 230.86 122.17 313 A.S.N. Raju NAGARJUNA CONST WTD 230.65 123.24 314 Yannick Poupon INDIAN HOTELS CO Div COO 230.12 315 Sanjay Jayavarthanavelu LAKSHMI MACHINE WTD 229.80 163.16 316 A.G.K. Raju NAGARJUNA CONST ED 229.66 123.24 317 Harsh Pati Singhania JK PAPER MD 229.35 62.96 318 Alka Goyal SURYA PHARMA ED 228.20 319 Rajiv Goyal SURYA PHARMA CMD 228.20 320 Sunil Duggal DABUR CEO 226.97 321 Sandip Somany HSIL Jt. MD 226.34 6.84 322 J.C. Mansukhani MAN IND Vice CMD 226.00 323 Sumit Banarjee ACC MD 225.14 324 Ashok Garware GARWARE OFFSHORE Exec. Chairman 224.95 125.00 325 Paresh Telang TATA MOTORS ED (CV) 224.31 326 Shashank Inamdar PRAJ IND MD & CEO 223.13 117.00 327 Weller Marc Bernd BOSCH + Div VP 222.73 328 L.H. Patel VOLTAMP TRANFORMERS Exec. Chairman 222.66 176.80 329 A.V.N. Raju NAGARJUNA CONST WTD 221.16 123.24 330 P. Sachdev GREAVES COTTON MD & CEO 221.07 331 Ashok Jain JAIN IRRIGATION VC 220.03 137.68 332 R.M. Pandia SI GROUP MD 219.54 333 A.S. Ramchander CASTROL Dir 219.09 334 P. Jayendra Nayak AXIS BANK Chairman & CEO 218.77 335 Uddhav Kejriwal ELECTROSTEEL CASTINGS WTD 218.35 170.00 336 Vikram Rao ADITYA BIRLA NUVO WTD 218.29 34.00 337 Ravinder Jain PANACEA BIOTEC MD 217.70 338 Paresh Sukthankar HDFC BANK ED 217.19 339 Nitin Kasliwal SKNL Vice CMD 216.47 340 Suneeta Reddy APOLLO HOSPITALS ED - Fin 215.53 341 Gautam Dalmia DALMIA CEMENT Jt. MD 215.26 165.00 342 Paras Chowdhary CEAT MD 215.14 343 Puneet Dalmia DALMIA CEMENT MD 214.93 165.00 344 S.K. Fotedar HCC Div ED 214.32 135.00 345 Suresh Vaswani WIPRO Jt. CEO & Dir 213.61 346 B.K. Sharma UNICHEM ED 212.85 150.47 347 Anand Mahindra MAHINDRA & MAHINDRA Vice CMD 212.74 96.47 348 C.G. Shah FORBES & CO ED - Fin 212.54 349 Shanti Sanghvi RATNAMANI METALS WTD 211.66 168.00 350 Gautam Kulkarni KIRLOSKAR OIL ENGINES Jt. MD 211.35 75.00 351 Neeraj Kanwar APOLLO TYRES VC & Jt. MD 211.27 60.00 352 S.C. Senapaty WIPRO ED & CFO 210.90 353 Rajiv Jain ICI INDIA MD & CEO 210.71 354 Kolf Wilhelm Andreas FEDERAL MOGUL + ED - Ops 209.89 355 A.P. Parigi ENTERTAINMENT NETWORK MD 209.41 356 Abhay Aima HDFC BANK Equities & Pvt Banking 209.33 357 M. Lakshminarayanan BOSCH + Ex Jt. MD 209.27 61.60 358 Arun Kapur RICO AUTO Jt. MD 208.34 359 D.P. Agarwal TRANSPORT CORP Vice CMD 208.22 360 R. Sankaraiah JUBILANT ORGANOSYS Div ED 208.08 361 Aditya Garware GARWARE OFFSHORE Vice CMD 207.57 115.00 362 Hairsh Mariwala MARICO CMD 207.44 363 S. Swamikrishnan CON.CONST.CONSORTIUM MD 207.31 140.90 364 Arvind Kapur RICO AUTO VC & MD 207.19 365 S. Venkatramani PHILIPS ELECTRONICS + Div ED, VP 207.10 366 Anand Deepak UNITED BREW HOLDINGS Div Pres 206.29 367 Kai - Uwe Brueggen BAYER CROPSCIENCE Div Head 205.74 368 T. Gouri Shankara Babu BLUE STAR Dy. MD 205.38 117.00 369 V.K. Viswanathan BOSCH + MD 205.36 58.60 370 B.R. Taneja ISMT CEO 205.34 105.49 371 J. Ravichandran NSE Div Dir 204.98 372 Lalit Khaitan RADICO KHAITAN CMD 204.75 373 Vishnu Dusad NUCLEUS SOFTWARE MD & CEO 203.03 55.25 374 Satish Jamdar BLUE STAR Dy. MD 202.78 117.00 375 A.Y. Mahajan GRINDWELL NORTON MD 202.76 376 K. Raghavendra Rao ORCHID CHEM & PHARMA MD 202.67 0.10 377 Harish Engineer HDFC BANK ED 201.22 378 H.M. Bharuka KANSAI NEROLAC MD 201.09 75.00 379 Himadri Sen RANBAXY + Div Pres 200.99 380 Ashwin Dani ASIAN PAINTS VC 200.91 100.00 381 Girish Paranjpe WIPRO Jt. CEO & Dir 200.79 382 Vijaykumar Gupta GUJARAT AMBUJA CMD 200.13 176.51 383 D. Atkinson AMBUJA CEMENTS CFO 200.03 384 Braja Mishra WELSPUN GUJARAT Dir 200.00 385 N.P. Ghuwalewala AMBUJA CEMENTS WTD 199.94 386 Anil Sureka ISPAT Div ED 199.54 387 Amit Kalyani BHARAT FORGE ED 199.30 388 Roopa Kudva CRISIL + MD & CEO 199.25 95.90 389 Vinod Garg ISPAT Div ED 199.19 390 Meenakshi Sarogi BALRAMPUR CHINI ** Jt. MD 199.17 90.00 391 M.K. Singhi SHREE CEMENT ED 198.30 392 Satpal Singh DOLPHIN OFFSHORE MD 198.13 91.63 393 Abhay Vakil ASIAN PAINTS MD & CEO 198.07 100.00 394 Vikrampati Singhania JK TYRES Dy. MD 197.98 395 Prasad Chandran BASF CMD 197.81 396 Ashwin Choksi ASIAN PAINTS Chairman 197.73 100.00 397 H.B. Joshipura GSK PHARMA + MD 197.24 398 Ajay Bijli PVR CMD 197.20 399 Shinzo Nakanishi MARUTI SUZUKI MD & CEO 197.16 400 Atul Jain JAIN IRRIGATION CMO 196.72 45.89 N 74 N N
  • 5. N 75 N N Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) Rank Name Company Position Remuneration Commis- 2009 2008-09 sion (in Rs lakh) (in Rs lakh) 401 Dinesh Mody J.B. CHEM & PHARMA Div WTD 196.56 55.00 402 Jyotindra Mody J.B. CHEM & PHARMA CMD 196.56 55.00 403 Shirish Mody J.B. CHEM & PHARMA Div WTD 196.56 55.00 404 Joe McGowan GUJARAT GAS + Div Dir 196.14 405 Krish Shankar BHARTI AIRTEL Div Dir 195.57 406 Ravi Menon SOBHA DEVELOPERS VC 194.81 407 Navpreet Singh DOLPHIN OFFSHORE Jt. MD 194.78 91.63 408 S.P. Oswal VARDHMAN TEXTILES CMD 193.94 128.65 409 M.P. Taparia SUPREME IND MD 193.87 145.64 410 K.M. Philip MRF ** WTD 193.65 45.00 411 S.J. Taparia SUPREME IND ED 193.51 145.64 412 Ramesh Chandra UNITECH Chairman 192.96 413 Shivinder Singh FORTIS HEALTHCARE MD 192.96 50.00 414 Rajiv Prasad HALONIX MD 192.42 415 Prabhakar Jain GOODYEAR + CMD 192.31 416 Vikram Kirloskar KIRLOSKAR BRORS ED 191.90 75.00 417 Vivek Sarogi BALRAMPUR CHINI ** MD 190.82 90.00 418 Anil Kumar Mittal KRBL CMD 190.56 419 K.M. Mammen MRF ** CMD 190.47 45.00 420 Rustin Ray Murdock FEDERAL MOGUL + WTD & CFO 190.46 421 Ravi Bhardwaj SUNFLAG IRON Vice CMD 190.07 116.71 422 Ashok Capoor UNITED SPIRITS Dy. Pres 189.74 423 O.P. Lohia INDO RAMA SYNTICS CMD 189.71 424 Raghib Azmi OTIS Mechanical Engg 189.00 425 D. Khaitan EVEREADY Exec. Vice CMD 188.60 426 D.D. Rathi GRASIM WTD & CFO 187.97 427 Sanjeev I. Dani RANBAXY + Div SVP & Regional Dir 187.92 428 Dilip Gaur HINDALCO Group Exec. Pres 187.78 429 Srinath Batni INFOSYS Div Dir & Head 186.94 430 P.A. Murali UNITED SPIRITS Dy. Pres & CFO 186.81 431 Manoj Gaur JAIPRAKASH ASS Exec. Chairman 185.84 432 N. Santhanam PIRAMAL HEALTHCARE ED & COO 185.76 45.00 433 Hemant Shah ACKRUTI CITY Exec. Chairman 185.76 434 Nick White KINGFISHER COO 185.67 435 V.K. Taparia SUPREME IND ED 185.15 145.64 436 Yash Mahajan SWARAJ MAZDA MD 184.88 10.61 437 Pranav Bhardwaj SUNFLAG IRON Jt. MD 184.65 116.71 438 Rahul Kirloskar KIRLOSKAR OIL ENGINES Dir (Exports) 184.09 75.00 439 Chanda Kochhar ICICI BANK Jt. MD & CFO 184.02 440 P.K. Khurana EVEREST KANTO CMD 183.66 119.93 441 Sanjay Shah MANUGRAPH Vice CMD 183.58 442 D.S. Kulkarni D.S. KULKARNI CMD 183.48 443 Pradeep Shah MANUGRAPH MD 182.47 444 R.D. Chandak KEC INTERNATIONAL MD 182.39 30.00 445 Farouk Irani FIRST LEASING MD 182.18 126.44 446 B.K. Singh ISPAT Div ED 182.11 447 Ajay Shriram DCM SHRIRAM CONS Chairman & Sr. MD 182.08 59.00 448 P.C. Kapoor BHARATI SHIPYARD MD 181.68 449 Vijay Kumar BHARATI SHIPYARD MD 181.68 450 Ratal Puri MOSER BAER ED 181.00 451 Dhaval Buch HINDUSTAN UNILEVER Div ED 180.73 64.88 452 Ajit Kulkarni PRATIBHA IND MD 180.00 453 R.K. Jena BALASORE ALLOYS MD 179.46 454 A. Mazumdar TIL Chairman 178.26 108.04 455 Pradip Kumar Bhatnagar RANBAXY + Drug Discovery Research 178.10 456 R. Seshasayee ASHOK LEYLAND MD 177.94 43.60 457 K.R. Upili SIEMENS WTD 177.08 458 Sanjay Kirloskar KIRLOSKAR BROS CMD 176.86 75.00 459 Soshil Kumar Jain PANACEA BIOTEC Chairman 176.74 460 Rajas Doshi INDIAN HUME PIPE CO CMD 176.38 100.18 461 K.K. Modi INDOFIL ORGANICS CMD 176.13 108.00 462 Anil Jaggia HDFC BANK IT 176.06 463 S.K. Sharma JAIPRAKASH ASS Exec. VC 176.05 464 Habil Khorakiwala WOCKHARDT + Chairman 176.00 465 Marcelo Villagran BATA + MD 175.95 466 K.K. Bangur GRAPHITE Chairman 175.80 174.00 467 Sumit Mazumdar TIL Vice CMD 173.79 108.84 468 Alexius Collette PHILIPS ELECTRONICS + CEO 173.58 469 Ashok P. Hinduja HINDUJA VENTURES Exec. Chairman 173.45 470 Anant Bajaj BAJAJ ELECTRICALS ED 173.36 141.98 471 M.P. Ramachandran JYOTHY LABORATORIES CMD 173.27 82.55 472 Gajendra Patni PATNI + Non-ED 172.92 111.00 473 Malika Amin ALEMBIC WTD 172.75 474 Rakesh Makhija SKF MD 172.45 475 Kapil Puri SPANCO CMD 172.36 476 Bhaskar Bhat TITAN MD 172.32 90.00 477 Sanjeev Kumar Jain PARSVNATH DEVELOPERS MD 172.25 478 Deepak Patel MPHASIS Dir 171.88 479 A.S. Johar UNITECH Div WTD 171.52 480 Ajay Chandra UNITECH MD 171.52 481 Sanjay Chandra UNITECH MD 171.52 482 N.M. Gupta SUTLEJ TEXTILES Pres 171.34 483 Vikrant Gujral JINDAL STEEL & POWER VC & CEO 171.15 59.87 484 Shobhana Bhartia HT MEDIA Chairperson & Editorial Dir 170.48 485 N. Chandrasekaran TCS ED & COO 170.09 486 Dinesh Nair HOTEL LEELA Jt. MD 170.08 100.00 487 Vivek Nair HOTEL LEELA Vice CMD 170.08 100.00 488 Alok P. Shah GARDEN SILKS Jt. MD 170.00 125.00 489 Naresh Kumar RANBAXY + Div SVP 169.97 490 Madhavan Menon THOMAS COOK + MD 169.70 491 N. Sai Sankar VST IND Dy. MD & Secy 169.40 492 Niru Mehta AVAYA GLOBAL ** Vice CMD 169.00 493 R. Keswani EIH Pres - Trident Hotels 168.84 494 Vikram Shriram DCM SHRIRAM CONS Vice CMD 168.77 56.00 495 Vijay Kumar Batra RANBAXY + Div SVP 168.48 496 Louis odoor van den Boog PATNI + ED 167.42 497 Prakash Shukla INDIAN HOTELS CO Div SVP 167.07 498 Ashok Goyal PHILLIPS CARBON MD 166.67 499 Andrew Macaulay LUPIN Div EVP 166.64 500 H.S. Bawa ZUARI IND MD 166.22 B U S I N E S S I N D I A November 29, 2009