**Top Executives in India Earn Crore Salaries in FY24: Study Reveals**
In the financial year 2024, top executives in India received impressive salaries, according to a recent study titled ‘The CEO Compensation Report 2025 and CFO Compensation Report 2025’ by Resource Bridge. The report highlights that Chief Executive Officers (CEOs) of publicly listed companies in India earned an average compensation of ₹7.2 crore, reflecting a 9% annual increase over the past decade. Meanwhile, Chief Financial Officers (CFOs) received an average of ₹2.3 crore, with their compensation rising 1.7 times during the same period. The study analyzed data from nearly 1,000 listed companies and utilized open-source financial information available in the public domain.
**CEO Compensation Trends Over the Last Decade**
The findings indicate that CEO compensation has doubled over the last ten years, while CFO salaries have seen significant, albeit more moderate, growth. Among various sectors, CEOs in manufacturing received some of the highest pay packages, whereas CFOs in the service industry emerged as the top earners. The study also noted a regional disparity in compensation, with CEOs and CFOs in northern India consistently earning the highest salaries, while their counterparts in eastern India received the lowest. This trend persisted across different industries and company sizes.
**Impact of Ownership Structure on Executive Pay**
The report emphasizes that ownership structure plays a crucial role in determining executive compensation. Multinational corporations (MNCs) tend to offer higher salaries to their top executives compared to domestic firms. Additionally, companies that surpass significant turnover thresholds of ₹5,000 crore, ₹50,000 crore, and ₹1 lakh crore exhibit a marked increase in executive pay.
**Conclusion**
The study by Resource Bridge sheds light on the evolving landscape of executive compensation in India, revealing significant trends and disparities based on region and ownership structure. As companies continue to grow and adapt, understanding these dynamics will be essential for stakeholders in the corporate world.
**FAQ**
**What factors influence executive compensation in India?**
Executive compensation in India is influenced by various factors, including company ownership structure, industry sector, regional disparities, and company turnover thresholds.
