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Gautam Adani earned Rs 10.41 crore in FY25: Who earned more than him?

Gautam Adani earned Rs 10.41 crore in FY25: Who earned more than him?

India Today3 days ago

Gautam Adani, chairman of the Adani Group, earned Rs 10.41 crore in the financial year 2024–25. This marks a 12% rise from the previous year, as per annual reports of the group's listed companies. However, even with this increase, his earnings were lower than many top executives in the corporate world, including some within his own group.Adani, 62, received his salary from two of the nine listed firms in the Adani Group. He earned Rs 2.26 crore in salary and Rs 28 lakh in allowances from Adani Enterprises Ltd (AEL). From Adani Ports and Special Economic Zone (APSEZ), he drew Rs 1.8 crore in salary and Rs 6.07 crore as commission, totalling Rs 7.87 crore.In the previous financial year, his total salary stood at Rs 9.26 crore, Rs 2.54 crore from AEL and Rs 6.8 crore from APSEZ. This means his earnings have gone up by over Rs 1 crore this year.WHO EARNED MORE THAN GAUTAM ADANI?Despite the hike, several leading business heads in India earned much more than Adani. In FY24, Sunil Bharti Mittal of Bharti Airtel earned Rs 32.27 crore, Rajiv Bajaj of Bajaj Auto earned Rs 53.75 crore, and Pawan Munjal of Hero MotoCorp received Rs 109 crore.In FY25, Larsen & Toubro (L&T) Chairman SN Subrahmanyan took home Rs 76.25 crore, while Infosys CEO Salil S Parekh earned Rs 80.62 crore.Mukesh Ambani, chairman of Reliance Industries and the richest man in India, has not taken a salary since the Covid-19 pandemic. Before that, he had capped his salary at Rs 15 crore.ADANI GROUP EXECUTIVES WHO EARNED MORESome of Adani's own group executives received more pay than him in FY25. Vinay Prakash, CEO of AEL, earned Rs 69.34 crore, which includes Rs 4 crore as salary and Rs 65.34 crore in perquisites and bonuses.Vneet S Jaain, Managing Director of Adani Green Energy Ltd (AGEL), earned Rs 11.23 crore, while the group's Chief Financial Officer Jugeshinder Singh received Rs 10.4 crore.At APSEZ, Gautam Adani's son Karan Adani earned Rs 7.09 crore. The company's CEO Ashwani Gupta received Rs 10.34 crore. Both Karan and Gupta will get their variable pay in FY26.Other members of the Adani family also figure in the list of high earners within the group. Rajesh Adani, Gautam's younger brother, earned Rs 9.87 crore from AEL. His nephew Pranav Adani took home Rs 7.45 crore, and another nephew, Sagar Adani, earned Rs 7.50 crore from AGEL.According to the Bloomberg Billionaire Index, Gautam Adani's net worth is currently $82.5 billion. He had briefly become the richest person in Asia in 2022, but a sharp fall in Adani Group's share prices followed a report by US short-seller Hindenburg Research in 2023.Adani regained the top spot in Asia on two occasions in 2024 but is once again behind Mukesh Ambani.(With inputs from PTI)
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‘Resume direct flights, reduce hotel tariffs to revive tourism in Kashmir'
‘Resume direct flights, reduce hotel tariffs to revive tourism in Kashmir'

Time of India

timean hour ago

  • Time of India

‘Resume direct flights, reduce hotel tariffs to revive tourism in Kashmir'

Srinagar: The travel trade industry has appealed to airlines to resume flights to Srinagar that were discontinued after the Pahalgam terror attack on April 22 so that tourism in Kashmir can revive. Tired of too many ads? go ad free now While all flights to Srinagar, Jammu and over two dozen other areas were suspended in May, as India conducted air strikes against terror hubs in Pakistan, some services including direct flights from Kolkata to Srinagar by IndiGo Airlines and Air India Express have not resumed after hostilities ceased on May 10. IndiGo has indicated that it will resume the direct flight from June 16. Last month, TOI wrote about the 'Chalo Kashmir' campaign, a strong community-tourism industry connect initiative launched by the Travel Agents' Association of India (TAAI), which handles around 4 lakh tourists from Kolkata in a year, around 40,000 of whom travel to Kashmir. Taking the campaign forward, TAAI started a new campaign called Rally for Valley to boost tourism in Kashmir. "We are in talks with the Union govt as well as airlines and hotel bodies to put a cap on tariffs that can help us shape attractive packages for tourists," said TAAI president Sunil Kumar. "As for safety, we are visiting the valley with our families. Tourists have nothing to fear. People here are among the most hospitable. This is the best time to visit the Valley," he added. Over 15 lakh tourists visited Kashmir last year. The Valley was packed with tourists again this year before the terror attack triggered mass cancellations. The downturn in tourists has hit Kashmiris hard. "In April, we were charging Rs 5,000 for a round trip to Pahalgam from Srinagar. Now we are taking tourists even for Rs 3,000," said Md Rouf, a driver. Restaurants like Lazeez, which had to turn down guests two months back, are now giving special offers to fill tables. Tired of too many ads? go ad free now "Very few rooms have been booked across several hotels. Had it not been for the terror attacks, these hotels would have been packed. These hotels should take a Covid-time-like approach and cut down on tariffs. We have set ourselves a target until Sept this year by when we intend to revive tourism back in Kashmir," said TAAI chairman (east) Anjani Dhanuka. The newly inaugurated Vande Bharat Express, travelling through the landmark Chenab Bridge, is also being promoted as a game changer. "Kolkata will host the first roadshow promoting Kashmir as a safe destination. We are also regularly updating our social media handles with snippets and current activities in popular destinations in Srinagar, Pahalgam, Jammu, Gulmarg, Sonmarg, and other places to encourage tourists from Kolkata," said Manav Soni, TAAI national committee member.

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