India’s corporate world has a new leader in the race for the highest-paid professionals, and it’s Abhay Bhutada . The former Managing Director of Poonawalla Fincorp took home a staggering Rs 241 crore in FY24, setting a new benchmark in the world of executive compensation. His payout, which includes stock options, surpasses the previous record of Rs 221.5 crore held by A.M. Naik of L&T. For someone just stepping down from an executive role, Bhutada’s compensation is an impressive achievement, showcasing how stock options can redefine executive pay scales. This monumental compensation package is reflective of a broader trend in the Indian corporate world. According to a VCCircle analysis, six out of the ten highest-paid executives in India are now professional managers rather than promoter-directors. This marks a significant shift in how corporate India values professional talent and performance. Historically, the top slots were dominated by promoter-led pay structures, which ...
I'm Sakura Fernandes, a finance student always eager to know about market dynamics and economic trends. Music is another passion that I’ve apart from understanding the complexities and making informed decisions.