ITC Chairman and Managing Director Sanjiv Puri drew a total remuneration of Rs 25.66 crore in FY 2024-25, marginally higher than the Rs 25.28 crore he earned the year before, reported News18, citing the company's Annual Report 2025.
Puri’s pay for the year comprised Rs 3.53 crore as basic salary, Rs 73.46 lakh in perquisites and other benefits, and a performance bonus of Rs 21.39 crore.
In FY24, he had received Rs 3.12 crore in salary, Rs 57.7 lakh in perks, and Rs 21.48 crore in bonus. The report also stated that his pay is 377 times the median employee salary at ITC, which rose by 7% over the previous year.
In addition to his salary, Puri was granted 1,34,500 stock options in FY25. As of March 2025, he held 4,52,843 ordinary shares of the company. In FY23, he had seen a 54.38% surge in remuneration when he was paid Rs 16.31 crore.
The ITC CMD has been with ITC since January 1986 and has led the company as Chairman and MD since 2019. He also serves as the President of the Confederation of Indian Industry (CII).
How much did other CEOs earn in FY25?
Among India Inc’s top earners, Infosys CEO Salil Parekh took the lead in FY25 with a total compensation of Rs 82 crore. This included a fixed pay of Rs 7.94 crore, Rs 23.18 crore in bonuses and incentives, and Rs 50.88 crore from stock options exercised, reported News18, citing the annual report.
TCS CEO K Krithivasan reported an annual pay of Rs 26.52 crore, with a fixed salary of Rs 1.39 crore, Rs 2.12 crore in allowances, and Rs 23 crore as commission.
Wipro’s Srinivas Pallia earned Rs 53.60 crore in FY25, including salary, variable pay, and long-term benefits. His appointment followed the resignation of Thierry Delaporte as CEO on April 6, 2024.
At Tech Mahindra, CEO Mohit Joshi earned Rs 52.1 crore during the year, including significant compensation through ESOPs. His total pay stood at 840 times the average salary of a company employee, according to the company’s annual disclosure.
Puri’s pay for the year comprised Rs 3.53 crore as basic salary, Rs 73.46 lakh in perquisites and other benefits, and a performance bonus of Rs 21.39 crore.
In FY24, he had received Rs 3.12 crore in salary, Rs 57.7 lakh in perks, and Rs 21.48 crore in bonus. The report also stated that his pay is 377 times the median employee salary at ITC, which rose by 7% over the previous year.
In addition to his salary, Puri was granted 1,34,500 stock options in FY25. As of March 2025, he held 4,52,843 ordinary shares of the company. In FY23, he had seen a 54.38% surge in remuneration when he was paid Rs 16.31 crore.
The ITC CMD has been with ITC since January 1986 and has led the company as Chairman and MD since 2019. He also serves as the President of the Confederation of Indian Industry (CII).
How much did other CEOs earn in FY25?
Among India Inc’s top earners, Infosys CEO Salil Parekh took the lead in FY25 with a total compensation of Rs 82 crore. This included a fixed pay of Rs 7.94 crore, Rs 23.18 crore in bonuses and incentives, and Rs 50.88 crore from stock options exercised, reported News18, citing the annual report.
TCS CEO K Krithivasan reported an annual pay of Rs 26.52 crore, with a fixed salary of Rs 1.39 crore, Rs 2.12 crore in allowances, and Rs 23 crore as commission.
Wipro’s Srinivas Pallia earned Rs 53.60 crore in FY25, including salary, variable pay, and long-term benefits. His appointment followed the resignation of Thierry Delaporte as CEO on April 6, 2024.
At Tech Mahindra, CEO Mohit Joshi earned Rs 52.1 crore during the year, including significant compensation through ESOPs. His total pay stood at 840 times the average salary of a company employee, according to the company’s annual disclosure.
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