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compensation: Almost 50% of Nifty 50 CEOs, MDs earn over Rs 20 crore a year

A Deloitte study on CEO compensation at Nifty 50 companies reveals that nearly half of the chief executives earned over ₹20 crore in FY23, compared to 27% five years ago. Additionally, half of the promoter-incumbents earned over ₹20 crore in FY23, compared to 33% in FY18. The study also highlights that CEO compensation in India has grown 12% annually over the past five years, more than double the growth observed in the US. Pay for performance remains a focus, with over half of CEO compensation being linked to performance.

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