The billionaire drew a salary from only two out of the 10 companies in his ports-to-energy conglomerate.
Gautam Adani is the second richest person in India with a real-time net worth of Rs 714460 crore (USD 85.5 billion), as per Forbes. The 61-year-old leads his Adani Enterprises whose market cap is Rs 3.64 lakh crore. He continues to expand his business empire with several new projects. However, when it comes to salary, he earns even less than his most industry peers as well as his own key executives.
Adani received a total remuneration of Rs 9.26 crore in the fiscal year ended March 31, 2024. The billionaire drew a salary from only two out of the 10 companies in his ports-to-energy conglomerate, annual reports of the 10 listed entities of the group showed.
His remuneration for 2023-24 from the group's flagship firm Adani Enterprises Ltd (AEL) included Rs 2.19 crore salary and perquisites, allowances and other benefits worth Rs 27 lakh. The total remuneration of Rs 2.46 crore was 3 per cent more than the previous financial year, according to AEL's 2023-24 annual report. Besides, he drew Rs 6.8 crore from Adani Ports and SEZ Ltd (APSEZ).
Adani's salary is lower than heads of almost all large family-owned conglomerates in India. Indian richest man, Mukesh Ambani, has been foregoing his entire salary since Covid-19 broke out. Before this, he had capped his remuneration at Rs 15 crore. Adani's remuneration is much lower than 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.
(With inputs from PTI)
READ | Meet man who gets Rs 12.50 crore salary, runs Rs 318000 crore company backed by Ratan Tata
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=spacer}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Gautam Adani, India's second richest person, earns salary lower than Sunil Mittal, Rajiv Bajaj, gets Rs...")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}