Billionaire Gautam Adani’s salary is less than his senior management In FY24, the company and its peers received compensation of Rs 9.26 million. President adani group According to the Securities and Futures Commission, he received salary from only two of the 10 listed entities of his Port Energy Group. annual report these entities.
The billionaire received a salary of Rs 2.19 crore and perquisites, perks and other benefits of Rs 2.70 crore from Adani Enterprises Limited (AEL) between 2023 and 2024, while he received a salary of Rs 2.19 crore from Adani Ports and Special Economic Zone Ltd. (APSEZ) received Rs 6.80 lakh, which included salary of Rs 1.8 crore and commission of Rs 5 crore.
However, he did not receive any commission from AEL.
Meanwhile, the total remuneration of Vinay Prakash, chief executive and director of AEL’s board, is Rs 89.37 crore, while group finance chief Jugeshinder Singh’s remuneration is Rs 94.5 crore.
Adani Green Energy Ltd CEO Vneet S Jaain received Rs 1,525 crore while Adani Total Gas Ltd (ATGL) CEO Suresh P Manglani received 6.88 crore rupee. Adani Wilmar chief executive Angshu Mallick earned Rs 515 crore.
“We reported a 12% increase in average employee remuneration excluding key management personnel (KMPs), with KMPs experiencing a slightly higher increase of 5.37%,” AEL said in its annual report.
Furthermore, his salary is lower than that of the heads of almost all large family business groups in India, including Sunil Bharti Mittal (Rs 16.7 crore in 2022-23), Rajiv Bajaj (Rs 53.7 crore), Pawan Munjal (Rs 80 crore), L&T Chairman SN Subrahmanyan and Infosys CEO Salil S Parekh. Meanwhile, Mukesh Ambani gave up his entire salary since the Covid-19 outbreak (he had previously capped his salary at Rs 15 crore).
Besides, Gautam’s brother Rajesh Adani also received Rs 837 crore, including Rs 471 crore in commission from AEL’s profits. Gautam’s nephew Pranav Adani earned Rs 646 crore, including Rs 45 crore as commission.
His son Karan earned Rs 39 crore from APSEZ. However, Gautam Adani’s brothers, nephews and sons did not receive salaries from various companies.
Gautam Adani has recently been vying with Mukesh Ambani for the title of Asia’s richest man. His current net worth is $106 billion, according to the Bloomberg Billionaires Index.
He became Asia’s richest man in 2022, but faces a huge setback as his group’s stock market value wiped out more than $150 billion at its lowest point last year, according to a report by Hindenburg Research.
The billionaire received a salary of Rs 2.19 crore and perquisites, perks and other benefits of Rs 2.70 crore from Adani Enterprises Limited (AEL) between 2023 and 2024, while he received a salary of Rs 2.19 crore from Adani Ports and Special Economic Zone Ltd. (APSEZ) received Rs 6.80 lakh, which included salary of Rs 1.8 crore and commission of Rs 5 crore.
However, he did not receive any commission from AEL.
Meanwhile, the total remuneration of Vinay Prakash, chief executive and director of AEL’s board, is Rs 89.37 crore, while group finance chief Jugeshinder Singh’s remuneration is Rs 94.5 crore.
Adani Green Energy Ltd CEO Vneet S Jaain received Rs 1,525 crore while Adani Total Gas Ltd (ATGL) CEO Suresh P Manglani received 6.88 crore rupee. Adani Wilmar chief executive Angshu Mallick earned Rs 515 crore.
“We reported a 12% increase in average employee remuneration excluding key management personnel (KMPs), with KMPs experiencing a slightly higher increase of 5.37%,” AEL said in its annual report.
Furthermore, his salary is lower than that of the heads of almost all large family business groups in India, including Sunil Bharti Mittal (Rs 16.7 crore in 2022-23), Rajiv Bajaj (Rs 53.7 crore), Pawan Munjal (Rs 80 crore), L&T Chairman SN Subrahmanyan and Infosys CEO Salil S Parekh. Meanwhile, Mukesh Ambani gave up his entire salary since the Covid-19 outbreak (he had previously capped his salary at Rs 15 crore).
Besides, Gautam’s brother Rajesh Adani also received Rs 837 crore, including Rs 471 crore in commission from AEL’s profits. Gautam’s nephew Pranav Adani earned Rs 646 crore, including Rs 45 crore as commission.
His son Karan earned Rs 39 crore from APSEZ. However, Gautam Adani’s brothers, nephews and sons did not receive salaries from various companies.
Gautam Adani has recently been vying with Mukesh Ambani for the title of Asia’s richest man. His current net worth is $106 billion, according to the Bloomberg Billionaires Index.
He became Asia’s richest man in 2022, but faces a huge setback as his group’s stock market value wiped out more than $150 billion at its lowest point last year, according to a report by Hindenburg Research.
