Key Points
Amara Raja Batteries has topped the list of Indian Nifty 500 companies with the widest gap between CEO and median employee salaries, paying its CMD over 52 cr, 1,872 times the median employee salary..
The CEO pay hike across some firms was higher than that seen in employee remuneration..
Large companies such as JSW Steel, Hero MotoCorp and Hindalco also figure in the top 10, paying their CEOs 500-800 times their median employee remuneration. . Company performance..
Promoters helm seven of the top 10 companies having the widest gap between CEO pay and median employee remuneration till now for FY23..
The remuneration of the Mphasis CEO is paid from Mphasis Corp., a wholly owned subsidiary of the IT company, pursuant to his secondment to Mphasis Corp. Wipro has hired an expat CEO and his remuneration includes variable pay as well as the amortisation of restricted stock units (RSUs), which vest over a period and are based on performance parameters...
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