It’s Ambanis all the way in the Indian corporate world in terms of pay package or dividend earnings.
With a package of over Rs 52 crore in 2008-09, younger brother Anil has topped the list of executives in terms of compensation, while elder Mukesh has emerged as the country’s highest dividend earner at Rs 930 crore, as per rankings compiled by Business India magazine.
In the top-five of compensation chart, Anil is followed by Kalanithi Maran and Kaveri Maran of Sun TV with packages of Rs 37.08 crore each, Madras Cements’ P R R Rajha (Rs 28.7 crore) and Jindal Steel & Power’s Naveen Jindal (Rs 28.27 crore), the magazine said in a statement on Tuesday.
It is the first time that Mukesh does not figure among top—10 executives in terms of compensation package ever since the magazine started compiling the annual list in 2002.
Mukesh has been ranked at 19th position with a package of Rs 15 crore, owing to his voluntary salary cut of 66 per cent announced a few weeks ago.
The magazine noted that Anil has topped the chart “thanks to the Rs 52 crore he collected in 2008-09 as commissions for the previous year.” But, he did not take any salary or commissions for 2008-09 from his five listed group companies.
Business India said that the salary figures could appear huge, but “they are almost pocket change compared to what some of these owner-executives could potential earn and to what they pocket as (tax-free) dividends.”