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CEO Pay In India: A Mixed Bag But Multiples Versus Employee Earnings Huge

 
• By Anju Ghangurde

Managing directors/CEOs of foreign firms in India drew higher remuneration in 2019-20 versus the previous year and overall earnings of peers at Indian firms continued to be way higher in general. CEO-to-employee pay ratios remains stark, reaching over 550 in one case.

Growth
C-Suite Pay Trends In India • Source: Shutterstock

Managing directors and CEOs of most leading foreign firms in India saw gains in their remuneration in 2019-20 over the previous year, while peers at local companies generally drew larger payouts overall, data compiled by Scrip show.

Cipla Limited’s global CEO Umang Vohra is the only executive on the list who reported a decline in

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