Highest Paid Finance Director in India

14 September 2007 |

Highest Paid.... Who do not want to be the highest paid employee in the organisation. I searched on google "highest paid finance director india" and surprised with the result. "No Finance director on the search."

The results were:
  • Mukesh Ambani's annual package $6.25 million (Rs. 25 crore)
  • Peter Chernin, president and chief operating officer of News Corp notching up salary, stock awards, pension benefits and other compensation worth $34m
  • Madras Cement’s Rajha is highest paid executive Rs24.78 crore
  • T V Mohandas Pai, director (human resources) at Infosys was the highest paid employee of the Bangalore based IT bluechip in 2006-07 and drew $58,263, which was the highest remuneration in Infosys per annum.
  • Krishak Bharati Cooperative Limited (Kribhco): The society has so far paid Rs 881.14 crore dividend to its shareholders, out of which Rs 616.05 crore was paid to the Government of India. This is the highest dividend paid by any Cooperative Society to the exchequer. Besides, Kribhco has also made a contribution to the exchequer of Rs 3527.42 crore by way of taxes, duties, dividend, etc up to March 31, 2004—again the highest in the cooperative sector in India.
  • Sujit Mundul, CEO and director of Standard Chartered Bank in Nepal, draws the fattest pay cheque with salary, allowances and bonuses adding to an impressive NRS 12.45 million (Rs.0.77 crore) in 2005-06, the Kathmandu Post reported.
  • Naina Lal Kidwai, a renowned Banking Guru, Vice-Chairman and Managing Director of HSBC Securities & Capital Markets is unarguably the highest-paid women executive in India and one of the country's foremost businesswomen.
My search did not categorically show any Highest Paid Financial Controller or Director in India.



Some of articles gave a insight of salaries drawn by financial controllers across the world:

  • Personnel Today: A survey conducted by Mercer Human Resource Consulting found that US-based HR directors earn an average base pay of £99,900, with UK directors earning £90,700, and their German counterparts £88,400. In India, the average pay falls to £29,346.
  • Made in India: Bargain Finance Execs: A global pay survey finds the highest finance, marketing, and HR director salaries are in the U.S., followed by the U.K., with the best "bargains" found in India. Read More
  • According to Forbes: Finance and marketing directors in the U.S. earn more than five times their counterparts in India, while HR directors earn over four times more, says Mercer. Finance directors in Hungary and India receive less than half of the 15-country average for their position, earning about $60,000 and $55,700, respectively. Average base pay for finance directors in Shanghai is $75,200. Read More
  • On a bright side. Read India Rising
If you find a list of highest paid CFO in India, please comment on the blog for the benefit of all. Are you aspiring to become the highest paid CFO in the world.

Regards,

Santosh Puthran

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