CEO Pay Packages Expand in India But Ratio To Employee Earnings Hurts

Top executives at leading local and foreign drug firms in India by and large earned more in 2020-21, while differentials in CEO to median employee remuneration remained stark. With increasing scrutiny by shareholders and lawmakers, experts suggest that pharma should be more mindful of balancing “adequate” C-suite compensation and glaring inequalities.

compensation — Pharma's top bosses see expanded earnings in India • Source: Alamy

C-suite remuneration across a dozen leading pharma companies in India rose in 2020-21 as top executives steered their organizations through pandemic-related disruptions and challenges to keep things moving. CEOs and managing directors of domestic firms continued to draw sizeably higher earnings overall versus their peers in foreign-listed entities in India.

Cadila Healthcare’s managing director Sharvil Patel, the son of chairman Pankaj Patel, led the earnings chart yet again, taking...

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