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Business Standard OCTOBER 2006 Top grossers’ cheques Comprehensive list of India Inc’s top salary earners CMD Reliance Industries Chairman Hero Honda Motors Managing Director Hero Honda Motors Chairman DSP Merrill Lynch Ex VC & MD Jindal Steel & Power CMD Bharti Airtel Joint Managing Director Hero Honda Motors Whole-time Director Hero Honda Motors CMD Sun TV Joint Managing Director Sun TV Joint Managing Director Mercator Lines CMD Mercator Lines CMD Cadila Healthcare CMD Cipla VC & MD Reliance Energy Joint Managing Director Cipla Joint Managing Director Cipla CMD Wockhardt VC & MD JSW Steel Joint Managing Director DSP Merrill Lynch Executive Director Reliance Industries Executive Director Reliance Industries CMD Madras Cement Vice Chairman Gujarat Ambuja Cement CMD HCC VC & MD IVRCL Infrastructures Chairman Hindalco CMD Vardhman Textiles VC & MD Essel Propack CMD Apollo Tyres CMD Lakshmi Machine Works Chairman EIH Executive Chairman Apollo Hospitals Enterprises CMD Sundram Fasteners CMD Flex Industries VC & MD Jindal Stainless CMD Alembic CMD Divi's Laboratories MD & CEO Larsen & Toubro CMD Triveni Engineering Chairman Lupin Managing Director Hindalco Ex Vice Chairman Ranbaxy Laboratories Chairman Bajaj Auto CMD Bharat Forge VC & MD EIH CMD Nestle VC & MD Deepak Fertilisers Managing Director Pidilite Industries Managing Director Aban Loyd Chiles Managing Director Kalpataru Power Transmission Executive VC DSP Merrill Lynch Joint Managing Director Bharti Airtel Chairman Ballarpur Industries CMD India Glycols VC & MD Ballarpur Industries Mukesh D Ambani Brijmohan Lall Munjal Pawan Kant Munjal Hemendra Kothari Naveen Jindal Sunil Bharti Mittal Miki Yamamoto Takao Eguchi Kalanithi Maran Kavery Kalanithi A J Agarwal H K Mittal Pankaj R Patel Y K Hamied Anil D Ambani M K Hamied Amar Lulla Habil Khorakiwala Sajjan Jindal Amit Chandra Hital R Meswani Nikhil R Meswani P R Ramasubrahmaneya Rajha Narotam Sekhasaria Ajit Gulabchand E Sudhir Reddy Kumar Manglam Birla S P Oswal Ashok Kumar Goel Onkar S Kanwar Dr D Jayavarthanavelu P R S Oberoi Prathap C Reddy Suresh Krishna Ashok Chaturvedi Ratan Jindal Chirayu R Amin Murali K Divi A M Naik Dhruv M Sawhney D B Gupta D Bhattacharya Brian W Tempest Rahul Bajaj B N Kalyani S S Mukherji Martial G Rolland S C Mehta M B Parekh Reji Abraham K V Mani Shitin Desai Akhil Gupta L M Thapar M L Bhartia Gautam Thapar 24.51 15.58 15.22 14.60 13.54 12.68 12.64 12.55 11.13 10.26 10.07 10.07 9.93 7.88 7.33 7.33 7.33 7.25 7.03 6.36 6.25 6.25 6.17 5.70 5.69 5.49 5.45 5.11 5.09 5.08 4.96 4.47 4.47 4.46 4.36 4.03 4.02 4.02 3.99 3.95 3.85 3.78 3.72 3.64 3.63 3.62 3.58 3.39 3.38 3.35 3.31 3.31 3.21 3.20 3.20 3.19 Name Designation Company The Billionaire Club TOPEARNERS Gross salary Rs cr (2006)

TOPEARNERS Top grossers’ cheques · OCTOBER 2006 Business Standard Chairman Matrix Laboratories Managing Director India Glycols Managing Director Financial Technologies CMD Kirloskar

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Business Standard � OCTOBER 2006

Top grossers’ chequesComprehensive list of India Inc’s top salary earners

CMD Reliance Industries

Chairman Hero Honda Motors

Managing Director Hero Honda Motors

Chairman DSP Merrill Lynch

Ex VC & MD Jindal Steel & Power

CMD Bharti Airtel

Joint Managing Director Hero Honda Motors

Whole-time Director Hero Honda Motors

CMD Sun TV

Joint Managing Director Sun TV

Joint Managing Director Mercator Lines

CMD Mercator Lines

CMD Cadila Healthcare

CMD Cipla

VC & MD Reliance Energy

Joint Managing Director Cipla

Joint Managing Director Cipla

CMD Wockhardt

VC & MD JSW Steel

Joint Managing Director DSP Merrill Lynch

Executive Director Reliance Industries

Executive Director Reliance Industries

CMD Madras Cement

Vice Chairman Gujarat Ambuja Cement

CMD HCC

VC & MD IVRCL Infrastructures

Chairman Hindalco

CMD Vardhman Textiles

VC & MD Essel Propack

CMD Apollo Tyres

CMD Lakshmi Machine Works

Chairman EIH

Executive Chairman Apollo Hospitals Enterprises

CMD Sundram Fasteners

CMD Flex Industries

VC & MD Jindal Stainless

CMD Alembic

CMD Divi's Laboratories

MD & CEO Larsen & Toubro

CMD Triveni Engineering

Chairman Lupin

Managing Director Hindalco

Ex Vice Chairman Ranbaxy Laboratories

Chairman Bajaj Auto

CMD Bharat Forge

VC & MD EIH

CMD Nestle

VC & MD Deepak Fertilisers

Managing Director Pidilite Industries

Managing Director Aban Loyd Chiles

Managing Director Kalpataru Power Transmission

Executive VC DSP Merrill Lynch

Joint Managing Director Bharti Airtel

Chairman Ballarpur Industries

CMD India Glycols

VC & MD Ballarpur Industries

Mukesh D Ambani

Brijmohan Lall Munjal

Pawan Kant Munjal

Hemendra Kothari

Naveen Jindal

Sunil Bharti Mittal

Miki Yamamoto

Takao Eguchi

Kalanithi Maran

Kavery Kalanithi

A J Agarwal

H K Mittal

Pankaj R Patel

Y K Hamied

Anil D Ambani

M K Hamied

Amar Lulla

Habil Khorakiwala

Sajjan Jindal

Amit Chandra

Hital R Meswani

Nikhil R Meswani

P R Ramasubrahmaneya Rajha

Narotam Sekhasaria

Ajit Gulabchand

E Sudhir Reddy

Kumar Manglam Birla

S P Oswal

Ashok Kumar Goel

Onkar S Kanwar

Dr D Jayavarthanavelu

P R S Oberoi

Prathap C Reddy

Suresh Krishna

Ashok Chaturvedi

Ratan Jindal

Chirayu R Amin

Murali K Divi

A M Naik

Dhruv M Sawhney

D B Gupta

D Bhattacharya

Brian W Tempest

Rahul Bajaj

B N Kalyani

S S Mukherji

Martial G Rolland

S C Mehta

M B Parekh

Reji Abraham

K V Mani

Shitin Desai

Akhil Gupta

L M Thapar

M L Bhartia

Gautam Thapar

24.51

15.58

15.22

14.60

13.54

12.68

12.64

12.55

11.13

10.26

10.07

10.07

9.93

7.88

7.33

7.33

7.33

7.25

7.03

6.36

6.25

6.25

6.17

5.70

5.69

5.49

5.45

5.11

5.09

5.08

4.96

4.47

4.47

4.46

4.36

4.03

4.02

4.02

3.99

3.95

3.85

3.78

3.72

3.64

3.63

3.62

3.58

3.39

3.38

3.35

3.31

3.31

3.21

3.20

3.20

3.19

NNaammee DDeessiiggnnaattiioonn CCoommppaannyy

The Billionaire ClubT O P E A R N E R S

GGrroossss ssaallaarryy

RRss ccrr ((22000066))

OCTOBER 2006 � Business Standard

Chairman Matrix Laboratories

Managing Director India Glycols

Managing Director Financial Technologies

CMD Kirloskar Oil Engines

Chairman Taj GVK Hotels

Joint Managing Director Rico Auto Industries

Corporate Director Bharti Airtel

CMD Rolta India

Managing Director Rico Auto Industries

Executive VC Sterlite Industries

Managing Director KCP Sugar

Managing Director Indian Hotels

Chairman Nicholas Piramal

Chairman & Wholetime Director ITC

Executive Director Kirloskar Brothers

Joint Managing Director Kirloskar Oil Engines

CMD Raymond

Chairman Torrent Pharma

CMD Kirloskar Brothers

Whole-time Director Kirloskar Oil Engines

CEO & MD iGate Global Solutions

Managing Director Adani Enterprises

Managing Director Usha Martin

CEO & MD Ranbaxy Laboratories

Vice Chairman Bajaj Auto

CEO & MD Castrol India

Managing Director Britannia Industries

Joint Managing Director Hero Honda Motors

CMD Wipro

Executive Chairman Dr Reddy's Laboratories

CEO & MD HDFC

MD & CEO ICICI Bank

Joint Managing Director Bharti Airtel

Whole-time Director Hero Honda Motors

CMD Elecon Engineering

CMD Ratnamani Metals & Tubes

Whole-time Director Alembic

CMD GTL

Managing Director Dishman Pharma

CMD Rajshree Sugars & Chem

Creative Director Balaji Telefilms

MD & CEO Balaji Telefilms

Managing Director Jeypore Sugar

Managing Director Taj GVK Hotels

CMD Shanthi Gears

Executive Director Divi's Laboratories

President & CEO Hewelett-Packard GlobalSoft

VC & MD Varun Shipping

Managing Director Lupin

CMD Andhra Sugars

Managing Director Torrent Pharma

Whole-time Director & Group President Raymond

Whole-time director & CFO Larsen & Toubro

Managing Director Tata Steel

Whole-time Director Larsen & Toubro

Managing Director Bannari Aman Sugar

Managing Director Jyoti Structures

Whole-time Director Lakshmi Machine Works

Whole-time Director Larsen & Toubro

VC & MD Nahar Industrial Enterprises

Managing Director Colgate-Palmolive

N Prasad

U S Bhartia

Jignesh Shah

Atul C Kirloskar

G V Krishna Reddy

Arun Kapur

Badri Agarwal

Kamal K Singh

Arvind Kapur

Navin Agarwal

Smt I V M Rao

Raymond N Bickson

Ajay G Piramal

Y C Deveshwar

Vikram Kirloskar

Gautam A Kulkarni

Gautam Hari Singhania

Sudhir Mehta

Sanjay Kirloskar

Rahul C Kirloskar

Phaneesh Murthy

Rajesh S Adani

R Jhawar

Malvinder Mohan Singh

Madhur Bajaj

N K Kshatriya

Vinita Bali

Toshiaki Nakagawa

Azim H Premji

K Anji Reddy

Deepak S Parekh

K V Kamath

Rajan Bharti Mittal

Shinichi Nakayama

Shri Prayasvin Patel

Prakash M Sanghvi

Malika C Amin

Manoj Tirodkar

Janmejay R Vyas

Rajshree Pathy

Ekta Kapoor

Shobha Kapoor

Rajeswary Ramakrishnan

G Indira Krishna Reddy

P Subramanian

N V Ramana

Som Mittal

Arun Mehta

Kamal K Sharma

M Harischandra Prasad

Samir Mehta

Nabankur Gupta

Y M Desothalee

B Muthuraman

K Venkataramanan

S V Balasubramaniam

K R Thakur

Sanjay Jayavarthanavelu

R N Mukhija

Kamal Oswal

Roger D Calmeyer

GGrroossss ssaallaarryy

RRss ccrr ((22000066))

3.19

3.19

3.18

3.15

3.11

3.03

3.03

3.03

3.02

3.01

3.00

2.97

2.92

2.87

2.84

2.80

2.78

2.77

2.75

2.75

2.74

2.67

2.65

2.62

2.59

2.57

2.56

2.53

2.53

2.50

2.49

2.48

2.48

2.48

2.48

2.43

2.41

2.41

2.40

2.40

2.39

2.39

2.33

2.32

2.32

2.31

2.28

2.27

2.25

2.25

2.24

2.23

2.23

2.20

2.20

2.20

2.18

2.17

2.16

2.14

2.14

NNaammee DDeessiiggnnaattiioonn CCoommppaannyy

Business Standard � OCTOBER 2006

The Billionaire ClubT O P E A R N E R S

CEO & MD TCS

Whole-time Director Lakshmi Machine Works

Managing Director Jubilant Organosys

VC & MD Ucal Fuel Systems

Managing Director Moser Baer

Managing Director Bajaj Auto

Whole-time director & President Larsen & Toubro

MD & CEO Amara Raja Batteries

Managing Director Abbott India

VC & MD M&M

Executive Director KCP Sugar

Executive Director Patni Computer

Executive Director Patni Computer

Managing Director Nagarjuna Constructions

Joint Managing Director Sundaram Clayton

CMD Jubilant Organosys

MD & CEO 3i Infotech

Executive Chairman Shree Cement

CMD CCL Products

Managing Director Abhishek Inds

Whole-time Director (Admin) JB Chemicals

CMD JB Chemicals

Whole-time Director (Mktg) JB Chemicals

Alliance Director Bharti Airtel

Managing Director Crompton Greaves

Managing Director Sterlite Industries

Managing Director Mro-Tek

CMD Mro-Tek

Managing Director United Breweries

Managing Director Andhra Sugars

Joint Managing Director ICICI Bank

Managing Director Gillette India

CMD Uttam Sugar

Managing Director Varun Shipping

CEO- India Operations i-flex Solutions

Senior Executive President UltraTech Cement

CMD DCM Shriram Consolidated

Chairman JK Paper

Chairman Deccan Chronicle Holdings

Managing Director Deccan Chronicle Holdings

Managing Director Aditya Birla Nuvo

Corporate Director Bharti Airtel

Managing Director Apollo Hospitals Enterprises

CMD SRF

CMD KEI Industries

Managing Director Shree Cement

VC & MD Avaya Global

Executive Director Kotak Mahindra Bank

Chairman Adani Enterprises

Director Larsen & Toubro

Whole-time Director Larsen & Toubro

MD (Steel) Tata Steel

Chairman Finolex Cables

CEO Matrix Laboratories

Chairman & CEO HCL Infosystems

Managing Director Nava Bharat Ventures

Executive Director Nava Bharat Ventures

Whole-time Director Sterlite Industries

CEO & Whole time Director NIIT Techologies

Executive VC & MD Strides Arcolab

Managing Director Finolex Cables

S Ramadorai

Venkatrangappan R

Hari S Bhartia

K Jayakar

Deepak Puri

Rajiv Bajaj

J P Nayak

Jayadev Galla

Vivek Mohan

Anand G Mahindra

Smt V K Rao

Gajendra K Patni

Ashok K Patni

A A V Ranga Raju

Gopal Srinivasan

Shyam S Bartia

V Srinivasan

B G Bangur

C Rajendra Prasad

Rajinder Gupta

D B Mody

J B Mody

S B Mody

Jantina Catharian Van de Vreede

SM Trehan

Kuldip Kumar Kaura

H Nandi

S Narayanan

Kalyan Ganguly

B B Ramaiah

Lalitha Gupte

Zubair Ahmed

Raj Kumar Adlakha

Yudhishthir D Khatau

Ghaisas Deepak K

Misra Saurabh

Ajay S Shriram

Hari Shankar Singhania

T Venkattram Reddy

T Vinayak Ravi Reddy

Sanjeev Aga

Jagdeep Khandpur

Preetha Reddy

Arun Bharat Ram

Anil Gupta

H M Bangur

Niru Mehta

C Jayaram

Gautam S Adani

K V Rangaswami

V K Magapu

T Mukherjee

P P Chhabria

Rajiv Naik

Ajai Chowdhry

D Ashok

P Trivikarma Prasad

Tarun Jain

Arrvind Thakur

Arun Kumar

D K Chhabria

GGrroossss ssaallaarryy

RRss ccrr ((22000066))

2.14

2.14

2.11

2.11

2.08

2.08

2.07

2.04

2.03

2.01

2.00

2.00

1.99

1.97

1.97

1.97

1.97

1.96

1.96

1.95

1.93

1.93

1.93

1.92

1.92

1.90

1.90

1.90

1.89

1.88

1.88

1.88

1.87

1.87

1.84

1.84

1.83

1.82

1.82

1.82

1.80

1.80

1.79

1.78

1.78

1.78

1.78

1.77

1.77

1.76

1.76

1.75

1.74

1.74

1.73

1.73

1.73

1.73

1.72

1.72

1.72

NNaammee DDeessiiggnnaattiioonn CCoommppaannyy

OCTOBER 2006 � Business Standard

Managing Director JK Paper

Vice Chairman Hindustan Lever

President-Mobility Leaders group Bharti Airtel

Managing Director Tata Motors

COO-Mining Operations Hindalco

Chairman & Additional Director Praj Industries

Managing Director Orchid Chemicals

Chairman JBF Industries

CMD Godrej Consumer Products

CMD TVS Motors

Joint Managing Director Max India

Managing Director HDFC

Managing Director Bayer CropScience

Chairman & President SBEC Sugar

Executive Director Philips India

MD & CEO Yes Bank

Managing Director Asian Hotels

Managing Director Asian Hotels

Executive Director Tata Motors

Director GlaxoSmith CHL

Managing Director Gujarat Fluorochemicals

Chairman Max India

Managing Director Omax Autos

Director- Legal & Corporate Affairs GlaxoSmith CHL

Executive Director HDFC

Managing Director Arvind Mills

Whole-time Director IFB Agro

Director Bharat Forge

Whole-time Director Madras Aluminium

Chairman (Non-Executive) Amara Raja Batteries

MD Nahar Spinning Mills

CMD Unichem Laboratories

Joint Managing Director Usha Martin

Executive Director Kotak Mahindra Bank

Managing Director Visaka Industries

Whole-time Director Aditya Birla Nuvo

Executive Director Bajaj Auto

Director- Technical Gujarat Gas Co

Managing Director ABC Bearings

VC & MD DCM Shriram Consolidated

CMD Hindustan Sanitaryware

Whole-time Director Ratnamani Metals & Tubes

Whole-time Director NDTV

Managing Director Nucleus Software

Managing Director SKF India

CSO Nicholas Piramal

Advisor (Textiles) Aditya Birla Nuvo

Managing Director Maruti Udyog

Deputy Managing Director HCC

CMD Emco

Whole-time Director Grasim Industries

Executive Director IFB Agro

VC & MD Philips India

Executive Director ABC Bearings

Managing Director Indo Rama Synthetics

Managing Director Emco

Director - Industrial & Special Products BOC

Managing Director Monsanto

VC & MD Sunflag Iron

Executive Director Asian Hotels

Executive Director Bharat Forge

Harsh Pati Singhania

M K Sharma

Manoj Kohili

Ravi Kant

Kim Freeman

Pramod Chaudhari

Raghavendra Rao K

Bhagirath Arya

Adi B Godrej

Venu Srinivsan

B Anantharaman

K M Mistry

Stephan Gerlich

Umesh K Modi

John Bruce Inglis

Rana Kapoor

Shiv Jatia

Sushil Gupta

Praveen Kadle

P Dwarakanath

V K Jain

Analjit Singh

Jatendra Kumar Mehta

P S Mukherjee

Renu S Karnad

Sanjay S Lalbhai

A K Banerjee

P C Bhalerao

Pravin Agarwal

Ramachandra N Galla

Dinesh Oswal

P A Mody

P Bhattacharya

Dipak Gupta

Dr G Vivekanand

K K Maheshwari

Sanjiv Bajaj

Allan Perrin

P M Patel

Vikram S Shriram

R K Somany

Jayantilal M Sanghvi

KVL Narayan Rao

Vishnu R Dusad

R Makhija

Somesh Sharma

Choudhary A N

Jagdish Khattar

K G Tendulkar

Rajesh S Jain

Shailendra K Jain

Bikramjit Nag

K Ramachandran

T M Patel

O P Lohia

Shailesh S Jain

D N Lindsay

Felipe Osorio

Ravi Bhardwaj

Saraf Arun K

Amit B Kalyani

GGrroossss ssaallaarryy

RRss ccrr ((22000066))

1.71

1.70

1.70

1.70

1.69

1.68

1.68

1.67

1.67

1.67

1.66

1.66

1.66

1.66

1.65

1.64

1.63

1.63

1.63

1.62

1.62

1.61

1.60

1.59

1.59

1.59

1.58

1.58

1.57

1.57

1.56

1.56

1.56

1.55

1.55

1.53

1.53

1.52

1.52

1.52

1.51

1.50

1.50

1.49

1.48

1.48

1.47

1.47

1.47

1.47

1.47

1.46

1.46

1.46

1.46

1.45

1.45

1.44

1.44

1.43

1.42

NNaammee DDeessiiggnnaattiioonn CCoommppaannyy

Business Standard � OCTOBER 2006

The Billionaire ClubT O P E A R N E R S

CMD Everest Kanto Cylinder

Executive VC & CEO Dr Reddy's Laboratories

MD & COO Dr Reddy's Laboratories

CMD Gammon India

Whole-time Director Gujarat Ambuja Cement

Joint Managing Director Sunflag Iron

Corporate Director Bharti Airtel

Director- Finance Hindustan Lever

Executive Director Bharat Forge

CMD Cheviot Company

Executive Director Philips India

Managing Director Electrosteel Castings

Joint Managing Director Electrosteel Castings

CEO Healthcare Max India

Managing Director GHCL

Managing Director GHCL

VC & MD ABB

Executive Director ITC

Head Risk Management Hindalco

Deputy Managing Director ICICI Bank

Managing Director Lanxess ABS

Chairman Nagarjuna Constructions

CMD Mirc Electronics

MD & CEO Hinduja TMT

Director Mirc Electronics

DMD(Corporate Services) Tata Steel

Executive Director Bajaj Hindustan

Director & CFO Arvind Mills

Managing Director Tata Chemicals

Managing Director Omax Autos

Managing Director Procter & Gamble Hygiene

GCFO Bharti Airtel

Executive Director ITC

CMD Federal-Mogul Goetze

Joint Managing Director Hindustan Sanitaryware

CMD Sona Koyo Steering Systems

COO Nicholas Piramal

Whole-time Director Gujarat Ambuja Cement

Managing Director Ashok Leyland

Managing Director ICI

Managing Director Asian Paints

Executive Chairman Asian Paints

MD & CEO Essar Oil

Managing Director Gujarat Ambuja Cement

VC & MD Asian Paints

Executive VC & MD Eveready Industries

MD & CEO MPhasis BFL

CMD West Coast Paper

Managing Director Super Spinning Mills

Managing Director HDFC Bank

Executive Director Hero Honda Motors

CEO Bharti Airtel

Managing Director Hindustan Lever

Managing Director Usha International

Executive Director Siemens

Deputy Managing Director EIH

Deputy Managing Director EIH

Executive Director M&M

Director Indiabulls Financial Services

Executive Director Moser Baer

Director Indiabulls Financial Services

Prem Kumar Khurana

G V Prasad

Satish Reddy

Abhijit Rajan

Kulkarni P B

Pranav Bhardwaj

Anil Nayar

D Sundaram

G K Agarwal

H V Kanoria

S Venkataramani

Umang Kejriwal

Mayank Kejriwal

Mukesh Shivdasani

P Sampath

R S Jalan

Ravi Uppal

S S H Rehman

Barry Marshall

Kalpana Morparia

R S Agrawal

A V S Raju

G L Mirchandani

K Thiagarajan

V J Mansukhani

A N Singh

I D Mittal

Jayesh K Shah

Prasad R Menon

Ravinder Kumar Mehta

S Khosla

Sarvjit Singh Dhillon

A Singh

Anil Nanda

Sandip Somany

Surinder Kapur

Vijay Shah

A L Kapur

R Seshasayee

Rajiv L Jain

Abhay Vakil

Ashwin Choksi

Awadhesh N Sinha

A C Sanghvi

Ashwin S Dani

D Khaitan

Jaithirth Rao

S K Bangur

Sumanth Rammurthi

Aditya Puri

Agarwal K K

Jagdish Kini

S Ravindranath

Sunil Wadhwa

H Gelis

Arjun Oberoi

Vikram Oberoi

Bharat Doshi

Rajiv Rattan

Ratul Puri

Sameer Gehlaut

GGrroossss ssaallaarryy

RRss ccrr ((22000066))

1.42

1.42

1.42

1.41

1.41

1.41

1.40

1.40

1.39

1.39

1.39

1.39

1.38

1.38

1.38

1.38

1.38

1.38

1.37

1.37

1.37

1.36

1.36

1.36

1.36

1.34

1.34

1.34

1.34

1.34

1.34

1.34

1.32

1.32

1.32

1.32

1.32

1.31

1.31

1.31

1.30

1.30

1.30

1.29

1.29

1.29

1.29

1.29

1.29

1.28

1.28

1.28

1.28

1.28

1.27

1.26

1.26

1.25

1.25

1.25

1.25

NNaammee DDeessiiggnnaattiioonn CCoommppaannyy

The pay packetsof India’s topmanagersincreasedsubstantially,but thisaccounted forjust 2% of IndiaInc’s net profitand 0.20% ofnet sales for 3years in a row

OCTOBER 2006 � Business Standard

Executive Director & CS M&M

CEO & MD Thomas Cook

Managing Director ZF Steering Gear

Managing Director VST Industries

CMD & CEO Subex Azure

Executive Director United Phosphorus

VC & MD Manugraph India

MD & CEO Entertainment Network

Managing Director Jain Irrigation Systems

CMD HBL Nife Power Systems

Director (Finance) GlaxoSmith CHL

Director Dabur India

Managing Director Manugraph India

Executive Director & CS Procter & Gamble Hygiene

COO & Whole time Director NIIT

Director Dabur India

CMD United Phosphorus

Whole-time Director Castrol India

Managing Director Cadbury

Joint Managing Director Maruti Udyog

Managing Director Elder Pharma

Executive Director Spanco Telesystems

Executive Director (Finance) Deccan Chronicle Holdings

MD & CEO Aztec Software

Executive Director M&M

CMD Nahar Exports

Whole-time Director & group president Raymond

Joint Managing Director Maruti Udyog

Executive Director Strides Arcolab

Managing Director IFGL Refractories

Corporate Director Bharti Airtel

Managing Director Voltas

MD (Home & Personal Care) Hindustan Lever

Managing Director OTIS Elevator

Managing Director Ballarpur Industries

CMD Cosmo Films

CMD Suzlon Energy

Managing Director Ipca Laboratories

Managing Director Kansai Nerolac

Chairman Fulford

VC & MD Goldiam International

VC & MD Clariant Chemicals

Deputy Managing Director ICICI Bank

CEO TV Today

Whole-time Director & CFO Grasim Industries

Managing Director First Leasing

Executive Chairman TCS

President & Executive Director Godrej Consumer Products

CMD Mawana Sugars

Managing Director Trent

Joint Managing Director Bannari Aman Sugar

MD & CEO IL&FS Investsmart

Director Satyam Computer

CMD Goldiam International

Director & CEO IFGL Refractories

Director Radaan Mediawork

Joint Managing Director Rolta India

Whole-time Director Dabur Pharma

Managing Director Zuari Industries

Managing Director Ipca Laboratories

Managing Director Tata Teleservices

A K Nanda

Ashwini Kakkar

Dinesh Munot

R S Naronha

Subash Menon

J R Shroff

S S Shah

A P Parigi

Anil B Jain

Dr A J Prasad

G K Chakraborty

P D Narang

P S Shah

A Chhabra

P Rajendran

Sunil Duggal

R D Shroff

A S Ramchander

Puri Bharat

Shinichi Takeuchi

J Saxena

Kapil Puri

P K Iyer

V Chandrasekaran

Alan E Durante

Jawahar Lal Oswal

P K Bhandari

Hirofumi Nagao

K R Ravishankar

S K Bajoria

K L Jain

A Soni

Arun Adhikari

Ashok I Malhotra

R R Vederah

Ashok Jaipuria

Tulsi R Tanti

M R Chandurkar

H M Bharuka

K D Shah

Rashesh Bhansali

K J Bharucha

Chanda D Kocchar

G Krishnan

Rathi D D

Farouk Irani

Farrokh Kavarana

Hoshedar Press

Shriram Siddharth

Tata N N

B Saravanan

Hemang Raja

Krishna G Palepu

Manhar Bhansali

P Bajoria

R Sarathkumar

A D Tayal

Ajay K Vij

H S Bawa

Premschand Godha

Charles Antony

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NNaammee DDeessiiggnnaattiioonn CCoommppaannyy

Martial GRolland, CMDof Nestle India,was thehighest paidprofessionalmanager inmultinationalcompanies inIndia, with a Rs3.58 crore paypackage

Business Standard � OCTOBER 2006

The Billionaire ClubT O P E A R N E R S

CEO & MD Glenmark Pharma

Director (Mkt & Sales) Maruti Udyog

Executive Director Shree Cement

Managing Director Rain Calcining

CMD BASF

Additional Director Hotel Leela Venture

Executive President Subex Azure

Managing Director Bosch Chassis Systems

Managing Director Shoppers' Stop

Managing Director Grindwell Norton

Joint Managing Director Pidilite Industries

CMD Mukta Arts

CMD Ingersoll Rand

Jt President - Airtel Enterprises Bharti Airtel

CEO Bharti Airtel

Managing Director Gujarat Gas Co

VC & MD Hikal

Executive Director ITC

Managing Director Tata Coffee

Deputy Managing Director DCM Shriram Consolidated

Ex Chairman & CEO Exide Industries

Executive Director Kalyani Steels

Executive Director Nagarjuna Constructions

Whole-time Director Nagarjuna Constructions

MD & CEO Essar Oil

Whole-time Director Nagarjuna Constructions

Director Aditya Birla Nuvo

CMD Natco Pharma

Director (R&D) Torrent Pharma

CMD MRF

Whole-time Director Gujarat Ambuja Cement

VC & MD Novartis

Director Alfa Laval

Managing Director Ador Welding

Director Glenmark Pharma

CEO ISMT

CMD Marico Industries

Joint Managing Director ZF Steering Gear

CMD Kanoria Chemcials

Ex Vice Chairman Reliance Energy

Executive VC & MD Kotak Mahindra Bank

DMD DCM Shriram Industries

CMD Biocon

Chairman & Wholetime Director Eicher Motors

Managing Director Elgitread (india)

Vice Chairman Sintex Industries

Chairman Sintex Industries

Whole-time Director MRF

CMD HEG

Director - Marketing Ratnamani Metals & Tubes

Director Infosys Technologies

Managing Director Sintex Industries

Managing Director Sintex Industries

Joint Managing Director Gandhi Special Tubes

Director- IT and Technology Bharti Airtel

Director Larsen & Toubro

Managing Director Gandhi Special Tubes

Whole-time Director Kirloskar Brothers

Managing Director GSK Pharma

Chairman Mastek

CMD Blue Star

Glenn Saldanha

Kinji Saito

M K Singhi

N Jagan Mohan Reddy

Prasad Chandran

R Venkatachalam

Sudeesh Yezhuvath

Sekhri S

B S Nagesh

Mahajan A Y

N K Parekh

Subhash Ghai

D L Mirchandani

Vinod Sawhny

Ashok Juneja

B S Shantharaju

Jai Hiremath

K Vaidyanath

M H Ashraff

Rajiv Sinha

S B Ganguly

C G Patankar

A G K Raju

A S N Raju

Jagdeesh M Mehta

N R Alluri

Tarjani Vakil

V C Nannapaneni

C Dutt

K M Mammen

N P Ghuwalewala

R Shahani

Satish Tandon

V G Kutty

B E Saldanha

B R Taneja

Harsh Mariwala

Jinendra Munot

R V Kanoria

Satish Seth

Uday Kotak

Alok B Shriram

Ms Kiran Mazumdar-Shaw

S Sandilya

Sudarsan Varadaraj

Arun Patel

Dinesh Patel

K M Philip

Ravi Jhunjhunwala

Shantilal M Sanghvi

Shibulal S D

Rahul Patel

Amit Patel

Bhupatrai G Gandhi

Jai Menon

M V Kotwal

Manhar G Gandhi

R K Srivastava

S Kalyanasundaram

Ashank Desai

Ashok M Advani

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NNaammee DDeessiiggnnaattiioonn CCoommppaannyy

There were no pure-professionalmanagersamong the 17people whoearned Rs 10crore or more ayear – that listcomprises onlypromoters.MukeshAmbani toppedthe list