C-Level Packages

• MukeshAmbani foregoing entire salary since Covid-19
• Adani drew salary from only 2 out of 10 firms
• With $111-bn networth, Ambani ranked world’s 12th richest person
• With $106 bn, Gautam Adani is at 14th

New Delhi: India’s second richest person GautamAdani received a total remuneration of Rs9.26 crore in the fiscal year ended March 31, 2024, lower than most industry peers as well as his own key executives.

Adani, 61, drew salary from only two out of the 10 companies in his ports-to-energy conglomerate, annual reports of the 10 listed entities of the group showed. His remuneration for 2023-24 from the group’s flagship firm Adani Enterprises Ltd (AEL) included Rs2.19 crore salary and perquisites, allowances and other benefits worth Rs27 lakh.

The total remuneration of Rs2.46 crore was 3 per cent more than the previous financial year, according to AEL’s 2023-24 annual report. Besides, he drew Rs6.8 crore from Adani Ports and SEZ Ltd (APSEZ). Adani’s salary is lower than heads of almost all large family-owned conglomerates in India.

While the richest Indian, MukeshAmbani has been foregoing his entire salary since Covid-19 broke out prior to which he had capped his remuneration at Rs15 crore, Adani’s remuneration is much lower than telecom czar Sunil Bharti Mittal (Rs16.7 crore in 2022-23), Rajiv Bajaj (Rs53.7 crore), PawanMunjal (Rs80 crore), L&T Chairman S N Subrahmanyan and Infosys CEO Salil S Parekh. Adani, who is worth $106 billion according to the Bloomberg Billionaire Index, has been jostling with Ambani for the spot of the richest person in Asia.