Tuesday, September 30, 2008

India's 10 best paid Leaders!

Anil Ambani

Age: 49 years

Remuneration for 2008: Rs 48.01 crore (Rs million) (includes Rs 34.65-crore (Rs million) proposed commission for FY08 by Reliance Comm)

Worth: $42 billion

Designation: Chairman

Group: Reliance - Anil Dhirubhai Ambani Group

Other companies: Reliance Natural Resources Ltd, Reliance Capital Ltd, Reliance Energy Ltd, Reliance Communications Ltd, Reliance Infrastructure, Reliance Entertainment, Reliance Power, Reliance Health, Mudra Communications, Reliance BPO Private Ltd, Dhirubhai Ambani Institute of Information and Communications Technology

Background: Anil Ambani, the flamboyant younger son of the late Dhirubhai Ambani (who founded one of India's largest businesses, Reliance Industries) is an MBA from the Wharton School of Business, University of Pennsylvania. He earlier completed his BSc from the University of Mumbai.

After Dhirubhai's death, the two brothers found they could not work together. To solve the problem, the Reliance companies were divided into two groups ? one went to elder brother Mukesh, while the other went to younger brother Anil who formed Reliance ADAG.

Under his chairmanship, the constituent companies of Reliance ADAG have raised nearly $3 billion from global financial markets in a period of less than 15 months.

Reliance ADAG has a market capitalisation of Rs 325,000 crore ($81 billion), net assets in excess of Rs 115,000 crore ($29 billion), and net worth to the tune of Rs 55,000 crore ($14 billion).

Mukesh Ambani

Age: 50 years

Remuneration for 2008: Rs 44.02 crore (Rs 440.2 million)

Worth: $43 billion

Designation: Chairman and managing director

Group: Reliance

Other companies: Reliance Industries Ltd, Reliance Petroleum Ltd, Reliance Retail Ltd, Reliance Industrial Infrastructure Ltd, Reliance Europe Ltd, Reliance Jamnagar Infrastructure Ltd, Reliance Ventures Ltd, Reliance Global Management Services Private Ltd, Reliance Fresh Ltd

Background: A chemical engineer from Stanford University, he earned his MBA degree from Stanford University. He joined Reliance in 1981. Among his many achievements include the company's backward integration into petrochemicals, petroleum refining and oil and gas exploration and production. One of his biggest achievements is the setting up of the world's largest grassroots petroleum refinery in Jamnagar.

Shyer than younger brother Anil, Mukesh limits his presence in the media. Incidentally, his only daughter, Isha, who is just a teenager, has been listed by Forbes as the second richest heiress in the world.

The Reliance Group's annual revenues are in excess of $34 billion. RIL is a Fortune 500 listed company.

Kalanidhi Maran

Age: 43 years

Remuneration for 2008: Rs 32.41 crore (Rs million)

Worth: $2.6 billion

Designation: Chairman and managing director

Group: Sun TV Network

Other companies: Sun Pictures, Sun Direct, 20 television channels including Sun TV, Udaya TV, Gemini TV, Surya TV and Surjo TV, 45 FM radio stations including Surya FM, S FM and Red FM, two Tamil newspapers including Dinakaran and four weekly Tamil magazines including Kungumum. It also runs a philanthropic organisation, Sun Foundation.

Background: Despite coming from a hardcore political background -- his father is the late Union Industries minister Murasoli Maran, his brother Dayanidhi Maran was the former communication and IT minister, his great-uncle is Tamil Nadu's veteran politician M Karunanidhi ? Kalanidhi was more interested in television. He began his independent career in 1991 with the monthly Tamil video news magazine, Poomalai. He was just 27 had had, under his belt, an MBA from the University of Scranton, USA.

He went on to launch Sun TV, the first privately owned Tamil television channel, on April 14, 1993. Today, Sun TV is one of the largest broadcasters in India. Its footprint includes programming and channels in all the southern languages. It has also launched a DTH arm and recently forayed into film production.

Sun TV was listed on the Bombay Stock Exchange on April 24, 2006. After the listing, Maran was mentioned in Forbes's list of the world's billionaires; this year, he features on the list at No 446.

Kaveri Kalanidhi

Age: 37 years

Remuneration for 2008: Rs 32.41 crore (Rs million)

Designation: Joint managing director, Sun TV Network

Group company: Sun TV Network

Other companies: Sun Pictures, Sun Direct, 20 television channels including Sun TV, Udaya TV, Gemini TV, Surya TV and Surjo TV, 45 FM radio stations including Suryan FM, S FM and Red FM, two Tamil newspapers including Dinakaran and four weekly Tamil magazines including Kungumum. It also runs a philanthropic organisation, Sun Foundation

Background: Kaveri Kalanidhi responsible for deciding the content mix on Sun TV's various channels and monitoring viewer feedback. She assists in the selection of anchors and newscasters. She is on the board of trustees of Sun Foundation and supervises its day-to-day functioning.

Kaveri has a bachelor's degree in arts from University of Madras, Chennai. She was appointed joint managing director of the company on December 15, 2005. Kalanidhi and Kaveri were married in 1991.

P R Ramasubrahmaneya Rajha

Age: 76 years

Remuneration for 2008: Rs 32.39 crore (Rs 323.9 million)

Designation: Chairman and managing director

Group: Ramco Group

Other companies: Madras Cements Ltd, Ramco Industries Ltd, Ramco Systems Ltd, Rajapalayam Mills Ltd, Sudarshan Spinning Mills, Sri Vishni Shankar Mills Ltd, Rajapalayam Spintext, Sri Ramco Spinners, Rajapalayam Textiles, Sandhya Spinning Mills, Tanjavur Spinning Mills Ltd, Ramaraju Surgical Cotton Mills Ltd, Sri Ramco Biotech, Ramco Wind Farm and Ramco Lanka Private Ltd. Some of the charitable institutions it includes Raja Charity Trust, P A C Ramasamy Raja Education Charity Trust, Shri Abhinava Vidyatheertha Seva Trust, Ramco Industrial Training Centre and P A Chinnaih Raja Memorial Higher Secondary School

Background: Rajha took over Madras Cements and the Ramco Group in 1962 from his ailing father and company founder, P A C Ramasamy Raja. Under his stewardship, the group has established a national presence and seen its turnover multiply ten-fold. Madras Cements is the sixth largest producer of cement in India. It is also one of the largest wind energy producers in the country.

Kumar Mangalam Birla

Age: 41 years

Remuneration for 2008: Rs 20.14 crore (Rs 201.4 million)

Worth: $10.2 billion

Designation: Chairman

Group: Aditya V Birla Group

Other companies: Grasim, Hindalco, UltraTech Cement, Aditya Birla Nuvo, Idea Cellular, Birla Sun Life, Birla NGK

Background: A chartered accountant who earned an MBA from the London Business School, Kumar Mangalam Birla is ranked at No 78 in Forbes magazine's list of the world's billionaires. He inherited the business from his late father, Aditya Birla, at the age of 27.

Today, besides running one of India's biggest conglomerates, Birla also serves on the prime minister advisory council on trade and industry. In the past, he has been the chairman of Securities and Exchange Board of India's committee on corporate governance and the chairman of SEBI's committee on insider trading.

Malvinder Mohan Singh

Age: 34 years

Remuneration for 2008: Rs 19.58 crore (Rs 195.8 million)

Designation: CEO and managing director Group company: Ranbaxy Laboratories Ltd

Background: Singh graduated in economics from St Stephen's college, New Delhi and earned his MBA from the Fuqua School of Business, Duke University, USA.

Before taking charge as MD and CEO, he was president, pharmaceuticals, and executive director responsible for the global operations covering pharmaceuticals, API and manufacturing across Ranbaxy's global footprint of 49 countries.

He is a member of the National Council for the Confederation of Indian Industries and co-chairman of CII's national committee on Intellectual Property Rights (IPR), CII.

In June 2008, Ranbaxy reached an agreement with Daiichi through which it will acquire a majority stake in the former. Singh will continue as CEO for some time

Sunil Bharti Mittal

Age: 51 years (October 23, 1957)

Remuneration for 2008: Rs 19.55 crore (Rs 195.5 million)

Designation: Chairman and managing director

Group: Bharti Group

Other companies: Bharti Enterprises, Bharti Airtel Ltd, Bharti TeleTech Ltd, Telecom Seychelles Ltd, Bharti Telesoft Ltd, Bharti Del Monte India Pvt Ltd, Bharti Retail Pvt Ltd, Bharti Retail Pvt Ltd, Bharti Axa General Insurance Company, Bharti Axa Life Insurance Company, Bharti Axa Life Insurance Company, Bharti AXA Investment Managers Pvt Ltd, Bharti Resources, Jersey Airtel Ltd, Bharti Foundation

Background: Mittal started his first business at the age of 18, financed by a loan of Rs 20,000 from his father. Moving from one business to another, this first generation entrepreneur Mittal built the Bharti Group into India's largest mobile phone operator in just 10 years.

He was awarded the Padma Bhushan in 2007.

Mittal is an alumnus of the Harvard Business School. He has been awarded the Doctor of Science (Honoris Causa) degree by the G B Pant University of Agriculture & Technology. He is an honorary fellow of The Institution of Electronics and Telecommunication Engineers.

Sajjan Jindal

Age: 48 years (December 5, 1959)

Remuneration for 2008: Rs 16.73 crore (Rs 167.3 million)

Designation: Vice chairman and managing director

Group: Jindal South West Holding Group

Other companies: JSW Steel Ltd, JSW Energy Ltd, JSW Holdings Ltd, JSW Infrastructure and Logistics Ltd, Vijayanagar Minerals Pvt Ltd, Jindal Praxair Oxygen Co Ltd, JSoft Solutions Ltd, JSW Aluminium Ltd, JSW Bengal Steel Ltd, JSW Energy Ratnagiri Ltd, Raj Westpower Ltd, JSW Cement Ltd, JSW Jharkhand Steel Ltd

Background: The second son of the late O P Jindal, joined the Jindal organisation after his graduation from Bangalore University in 1982. Today, JSW Steel is the third largest manufacturer of steel in India.

Earlier this year, he took over as the president of the Associated Chambers of Commerce and Industry. He is also director of the Indian Institute of Management, Indore and the National Shipping Board.

Onkar S Kanwar

Age: 66 years

Designation: Chairman and managing director

Remuneration for 2008: Rs 15.54 crore (Rs 155.4 million)

Group: Apollo

Other companies: Apollo Tyres Ltd, Apollo Tyres KFT, Dunlop Tyres International

Background: Kanwar has successfully led Apollo Tyres (he inherited the initial business from his father Raunaq Singh) for over 27 years. Under his leadership, Apollo has not only witnessed a turn around but has also emerged as a market leader.

A science and administration graduate from the University of California, Kanwar is also immediate past president, Federation of Indian Chambers of Commerce & Industry, and past president, International Chamber of Commerce, Automotive Tyre Manufacturers' Association and former director, Export Credit Guarantee Corporation of India.


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