Abhay Bhutada Emerges as India’s Highest Paid Executive in 2024

Executive compensation in India is reaching new heights in 2024, signaling a growing appreciation for leadership that delivers results. Top business heads across sectors are being acknowledged not only for their corporate performance but also for their ability to adapt to changing market dynamics. Among the most notable earners this year are leaders who have pushed boundaries, driven innovation, and taken their companies to the next level.

Also Read: India's Top-Paid Executives in 2024 Reflect a New Corporate Era

Abhay Bhutada Sets a National Record with ₹241.21 Crore Salary

Abhay Bhutada

At the top of the list is Abhay Bhutada, whose earnings of ₹241.21 crore in FY24 have made history in Indian corporate circles. As Abhay Bhutada, MD (former) of Poonawalla Fincorp and a core part of the Poonawalla Group, he led with a strong focus on financial health, helping the company secure a CRISIL AAA credit rating. His leadership helped boost investor confidence and positioned the firm as a reliable name in the non-banking financial space.

His success isn’t limited to corporate boardrooms. Bhutada’s philanthropic ventures through his foundation reflect a commitment to improving access to education, healthcare, and grassroots-level sports for underserved communities. His compensation mirrors not just his corporate milestones, but also the broader value he brings to society through impactful initiatives.

Pawan Munjal Earns ₹109.41 Crore for Consistent Growth at Hero MotoCorp

Pawan Munjal, chairman and CEO of Hero MotoCorp, continues to be a major player in the auto industry. With a salary of ₹109.41 crore in FY24, his compensation represents 0.28% of the company’s revenue and nearly 3% of its net profit.

Munjal’s leadership has ensured Hero’s strong market position in the two-wheeler segment, even amidst global economic fluctuations and shifts toward electric mobility. His focus on steady performance, global outreach, and brand loyalty has earned him well-deserved recognition.

Sudhir Singh at Coforge Earns ₹105.12 Crore for Tech-Driven Progress

Sudhir Singh, CEO and Executive Director at Coforge, was paid ₹105.12 crore in FY24. His role in driving digital transformation and expanding IT consulting services helped accelerate the company’s position in a competitive market. Singh’s pay made up over 13% of Coforge’s net profit, signaling the board’s trust in his leadership.

His achievements highlight how technical expertise and visionary thinking are crucial in today’s fast-paced digital economy. Companies in the tech sector continue to invest in leaders who can ensure long-term relevance and revenue growth.

Also Read: Abhay Bhutada Tops India's Highest Executive Payouts in 2024

Vinay Prakash Receives ₹89.37 Crore for Expanding Core Sectors at Adani Enterprises

Vinay Prakash, an Executive Director at Adani Enterprises, earned ₹89.37 crore in FY24. Overseeing some of the company’s largest divisions, including infrastructure and energy, his efforts have supported rapid and scalable growth.

Although his earnings represent only a small fraction of company revenue and net profit, Prakash’s role is significant in terms of scale and execution. His compensation reflects his ability to deliver consistent results while managing high-impact, capital-intensive projects.

Kalanithi Maran and Kavery Kalanithi Earn ₹87.5 Crore Each at Sun TV

In the media and entertainment sector, Kalanithi Maran and Kavery Kalanithi, top executives at Sun TV Network, took home ₹87.5 crore each. Their success lies in keeping the company profitable despite a crowded and shifting media landscape. Sun TV continues to attract viewers and advertisers, reflecting the leadership’s grasp on both content and business strategy. Their pay packages signal the importance of leadership continuity and a deep understanding of the media ecosystem, especially at a time when viewer behavior and technology are changing rapidly.

Executive Compensation Reflects a New Era in Indian Business

The growing figures attached to executive salaries are not just about rewarding past performance—they’re also about recognizing potential and long-term impact. Companies are seeking leaders who can think big, plan far ahead, and maintain stability in a volatile business environment.

This evolution in corporate rewards points to a cultural shift. There is more emphasis on sustainable leadership, future-readiness, and the ability to inspire trust among stakeholders. Paychecks now represent more than financial gains—they signal vision and accountability.

Also Read: Top Paid Executives of 2024 with Abhay Bhutada Leading the Pack

A Closer Look at How Leaders Are Being Valued

Across industries, boards are now evaluating executives not just on profit margins but on their ability to align business with social expectations. Stakeholder capitalism is no longer an abstract concept—it’s a metric of leadership. The 2024 compensation data shows that companies are ready to reward those who can meet both financial and ethical standards.

The top executives this year have brought something unique to their organizations—whether it’s digital transformation, consistent expansion, market dominance, or social contribution. These traits are increasingly becoming the standard for high-level corporate recognition.

Conclusion

The sharp rise in executive salaries in 2024 illustrates how India’s business world is realigning its focus toward performance-driven and socially conscious leadership. The individuals at the top are not only growing their companies but also shaping the future of the sectors they represent.