Happy birthday Gautam Adani: Is Gautam Adani's salary more than Mukesh Ambani's? Check details here

What is Gautam Adani’s salary? Gautam Adani, an Indian business tycoon, celebrates his 62nd birthday today. As India's second richest man, Gautam Adani's rise from humble beginnings to the peak of fortune is truly remarkable. His net worth, estimated at more than Rs 7 lakh crore by Forbes, shows the success of the Adani Group, one of India's largest conglomerates. However, looking at his immense wealth and powerful position, Gautam Adani's salary is surprisingly modest. Let's look into Gautam Adani's salary, net worth, and journey to learn some intriguing facts about this business tycoon.

Gautam Adani's Net Worth and Position

Gautam Adani is the chairman of the Adani Group, a conglomerate involved in diverse sectors including energy, resources, logistics, agribusiness, real estate, financial services, and defense. His strategic vision and leadership have propelled the group to remarkable heights, making him the second richest man in India with a net worth of over Rs 7 lakh crore.

Gautam Adani's Salary: A Modest Take-Home

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Despite leading such a vast enterprise, Gautam Adani's salary is relatively modest compared to other industry leaders and even some of his own executives. According to a report by the Economic Times, Gautam Adani earned a total of Rs 9.26 crore in the fiscal year ending March 31. This figure includes his salary from only two of the ten companies under the Adani Group umbrella: Adani Enterprises and Adani Ports & Special Economic Zone Ltd.

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Gautam Adani, chairman of the Adani Group, received a salary from only two out of the ten listed companies in his vast business empire, according to the annual reports.

Salary Breakdown

In the fiscal year 2023-2024, Gautam Adani earned Rs 2.19 crore in salary and Rs 27 lakh in additional benefits from Adani Enterprises Ltd (AEL). From Adani Ports and SEZ Ltd (APSEZ), he received Rs 6.8 crore, which included Rs 1.8 crore in salary and Rs 5 crore in commission. Notably, he did not receive any commission from AEL, as reported in TOI.

Comparison with Other Executives

According to TOI, Vinay Prakash, a key executive and director at AEL, earned a total of Rs 89.37 crore. Group CFO Jugeshinder Singh received Rs 9.45 crore. Other notable salaries include Adani Green Energy Ltd CEO Vneet S Jaain with Rs 15.25 crore, Adani Total Gas Ltd CEO Suresh P Manglani with Rs 6.88 crore, and Adani Wilmar CEO Angshu Mallick with Rs 5.15 crore.

Employee Remuneration

AEL reported an average salary increase of 12% for employees, excluding key managerial personnel (KMPs), who saw a slightly higher increase of 5.37%.

Comparison with Industry Leaders

Gautam Adani's salary is lower than many leaders of large family-owned businesses in India. For example, Sunil Bharti Mittal earned Rs 16.7 crore in 2022-23, Rajiv Bajaj received Rs 53.7 crore, Pawan Munjal got Rs 80 crore, and Infosys CEO Salil S Parekh earned significant remuneration. Mukesh Ambani, India's richest man, has not taken any salary since the COVID-19 pandemic began; previously, his salary was capped at Rs 15 crore.

Family Members' Salaries

Gautam Adani's younger brother, Rajesh Adani, earned Rs 8.37 crore, including Rs 4.71 crore in commission from AEL. His nephew, Pranav Adani, received Rs 6.46 crore, including Rs 4.5 crore in commission. His son, Karan Adani, earned Rs 3.9 crore from APSEZ. Unlike Gautam Adani, his brother, nephew, and son did not receive salaries from more than one company.

Comparison with Industry Peers

Gautam Adani's salary is significantly lower than that of many leaders of family-owned conglomerates in India. For instance, Mukesh Ambani, India's richest man with a net worth of over Rs 9 lakh crore, has been foregoing his salary since the COVID-19 pandemic. Prior to this, he had capped his remuneration at Rs 15 crore. This comparison highlights Gautam Adani's unique approach to compensation, prioritizing reinvestment and growth over personal earnings.

The Adani Group: A Diverse Portfolio

The Adani Group's vast business empire spans multiple industries, contributing to India's economic growth and development. Here are the ten companies under the Adani Group that are listed on India's stock exchanges:

• Adani Enterprises
• ACC Ltd
• Adani Green Energy
• Adani Ports & Special Economic Zone
• Adani Power
• Ambuja Cements
• Adani Total Gas
• Adani Wilmar
• Adani Energy Solutions
• NDTV

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The Journey of Gautam Adani

Gautam Adani's journey to success is a tale of determination, vision, and hard work. Born on June 24, 1962, Gautam Adani's age today marks years of relentless effort and strategic thinking. From starting as a diamond sorter to becoming the head of one of the most influential business groups in India, his story is an inspiration to many aspiring entrepreneurs.

On his birthday, we celebrate not just Gautam Adani's achievements but also his unique approach to leadership and compensation. His modest salary, compared to his vast net worth and the scale of his business empire, reflects his commitment to the growth and success of the Adani Group. As we look to the future, Gautam Adani's journey continues to inspire, setting a benchmark for business leaders worldwide.

Happy Birthday, Gautam Adani!

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