अडानी को वित्त वर्ष 2024 में 9.26 करोड़ रुपये का वेतन मिला, जो उनके अधिकारियों और सहकर्मियों से कम है।

अडानी को वित्त वर्ष 2024 में 9.26 करोड़ रुपये का वेतन मिला, जो उनके अधिकारियों और सहकर्मियों से कम है।

Adani draws Rs 9.26 cr salary in FY24, lower than his executives, peers.

Gautam Adani, India's second richest person, received a total remuneration of Rs 9.26 crore in the fiscal year ending March 31, 2024.

  • Business
  • 140
  • 23, Jun, 2024
Jyoti Ahlawat
Jyoti Ahlawat
  • @JyotiAhlawat

Adani draws Rs 9.26 cr salary in FY24, lower than his executives, peers.

India's second richest person, Gautam Adani, received a total remuneration of Rs 9.26 crore in the fiscal year ending March 31, 2024, which is lower than most of his industry peers and key executives. At 61, Adani drew a salary from only two of the ten companies in his ports-to-energy conglomerate, according to the annual reports of the group's listed entities.

For 2023-24, Adani's remuneration from the group's flagship firm, Adani Enterprises Ltd (AEL), included a Rs 2.19 crore salary and Rs 27 lakh in perquisites, allowances, and other benefits. The total remuneration of Rs 2.46 crore was 3 per cent higher than the previous fiscal year, as per AEL's 2023-24 annual report. Additionally, he received Rs 6.8 crore from Adani Ports and SEZ Ltd (APSEZ).

Adani's salary is lower than the heads of almost all large family-owned conglomerates in India. While Mukesh Ambani, the richest Indian, has forgone his entire salary since the outbreak of COVID-19, prior to which he capped his remuneration at Rs 15 crore, Adani's remuneration is significantly lower than that of telecom czar Sunil Bharti Mittal (Rs 16.7 crore in 2022-23), Rajiv Bajaj (Rs 53.7 crore), Pawan Munjal (Rs 80 crore), L&T Chairman S N Subrahmanyan, and Infosys CEO Salil S Parekh.

Adani, with a net worth of USD 106 billion according to the Bloomberg Billionaire Index, has been competing with Ambani for the title of the richest person in Asia. He became the richest Asian in 2022 but lost the position after a critical report by US short-seller Hindenburg Research led to a loss of almost USD 150 billion in market value of his group stock at its lowest point last year. He regained the top spot twice this year but again ceded it to Ambani. Ambani is ranked 12th on the world's richest list with a net worth of USD 111 billion, while Adani is ranked 14th.

Adani's younger brother Rajesh received Rs 8.37 crore, including a Rs 4.71 crore commission on profit from AEL, while his nephew Pranav Adani earned Rs 6.46 crore, including a Rs 4.5 crore commission, according to the annual report. Gautam Adani did not receive any commission from AEL but got Rs 5 crore from APSEZ, which included a Rs 1.8 crore salary and a Rs 5 crore commission payable in the 2024-25 fiscal year, as per the company's annual report. His son, Karan, earned Rs 3.9 crore from APSEZ.

Adani's brother, nephew, and son did not draw salaries from more than one company. Vinay Prakash, a key executive and director on the AEL board, received a total remuneration of Rs 89.37 crore. Group CFO Jugeshinder Singh received a Rs 9.45 crore salary. The CEO of the group's renewable energy firm, Adani Green Energy Ltd, Vneet S Jaain, was paid Rs 15.25 crore, while Adani Total Gas Ltd (ATGL) CEO Suresh P Manglani earned Rs 6.88 crore. Adani Wilmar CEO Angshu Mallick received Rs 5.15 crore.

"We reported an average remuneration increase of 12 per cent for employees, excluding key managerial personnel (KMPs), with a slightly higher increase of 5.37 per cent for KMPs," stated the AEL annual report.

News Reference

Jyoti Ahlawat

Jyoti Ahlawat

  • @JyotiAhlawat