According to data from ACE Equity, top-paid CEOs in India include Pawan Munjal of Hero MotoCorp, who received Rs. 99.55 crore in annual remuneration for FY23, making him the highest-paid leader. Following him are Kalanithi Maran and Kavery Kalanithi of Sun TV Network, each taking home Rs. 87.50 crore. Other notable figures like Thierry Delaporte of Wipro, Naveen Jindal of Jindal Steel & Power, Murali K Divi of Divi's Laboratories, Sandeep Kalra of Persistent Systems, and HM Bangur of Shree Cement also feature in the list of highly compensated CEOs.
Hero MotoCorp saw a surge of 79% in its stock price to Rs. 4,492 per share from Rs. 2,506 a year ago, with a market capitalization of Rs. 89,802 crore. Sun TV Network witnessed a 58% jump in stock value to Rs. 664 per share from Rs. 420.2, with a market capitalization of Rs. 26,165 crore. Wipro recorded a 24% return, closing at Rs. 464.65 with a market capitalization of Rs. 2.43 lakh crore, although its PAT declined slightly. Jindal Steel & Power experienced a 63% annual return, with a stock price of Rs. 932 and a market capitalization of Rs. 95,067 crore, showcasing a significant surge in PAT. Divi's Laboratories gained 25% with a stock price of Rs. 4,025 and a market capitalization of Rs. 1.07 lakh crore, even though its PAT saw a decline. In the same period, Persistent Systems, Shree Cement, Mphasis, and Amara Raja Energy & Mobility also demonstrated varying degrees of stock performance.