How much salary did Gautam Adani get in 2024?

Billionaire Gautam Adani's salary for the financial year was lower than his own executives and most of his industry peers such as Rajiv Bajaj and Sunil Mittal.

Published on: Jun 23, 2024 12:45 PM IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

Adani Group chairman Gautam Adani, who is the second richest person in India, drew a massive salary for the financial year ending March 31, 2024. However, his remuneration was considerably lower than that of Adani group's key executives and his industry peers.

Adani group chairman Gautam Adani. (ANI)

For FY2024, Gautam Adani drew a salary of ₹9.26 crore. The 61-year-old billionaire drew 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 ₹2.19 crore salary and perquisites, allowances and other benefits worth ₹27 lakh. The total remuneration of ₹2.46 crore was 3 per cent more than the previous financial year, according to AEL's 2023-24 annual report.

Apart from this, he drew a salary of ₹6.8 crore from Adani Ports and SEZ Ltd (APSEZ). While some of his top executives drew a larger salary in the previous financial year, his salary was also lower than heads of almost all large family-owned conglomerates in India.

Mukesh Ambani, who is the richest person in India, capped his remuneration at ₹15 crore per annum. However, Ambani has been foregoing his entire salary since the Covid-19 pandemic broke out in 2020.

Adani's remuneration is much lower than telecom czar Sunil Bharti Mittal ( ₹16.7 crore in 2022-23), Rajiv Bajaj ( ₹53.7 crore), Pawan Munjal ( ₹80 crore), L&T Chairman S N Subrahmanyan and Infosys CEO Salil S Parekh.

Gautam Adani is currently worth USD 106 billion, according to the Bloomberg Billionaire Index, and has been in a tug of war with Mukesh Ambani for the richest Asian spot. The Adani group chief became the richest man in Asia in 2022, but his net worth took a significant tumble after a report by US short-seller Hindenburg Research alleged financial irregularities in his firm.

Adani's younger brother Rajesh got ₹8.37 crore, including ₹4.71 crore commission on profit from AEL, while his nephew Pranav Adani drew ₹6.46 crore, including ₹4.5 crore commission, the annual report showed.

With inputs from PTI

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Gautam Adani

Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator