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IOL News
3 hours ago
- Business
- IOL News
Repairs to Mobeni Heights and Tongaat crematoriums to be fast-tracked
ETHEKWINI Mayor Cyril Xaba conducted a site visit to the Mobeni Heights Crematorium yesterday (Tuesday) to address the challenges plaguing the facility, and vowed to accelerate the repairs. On May 12, the crematorium was shut-down after the municipality had failed to renew the Air Emission Licence (AEL). At the time, eThekwini Municipality spokesperson, Gugu Sisilana, said the closure of the crematorium was based on the poor performance of the furnace due to the control unit malfunctioning. This impacted on the facility's ability to cremate within the parameters of the AEL, and the closure was enforced despite the AEL being valid until January 31, 2026. The high emissions posed an environmental health risk to the surrounding community. Xaba said to remedy the situation, the municipality has started the process of procuring two furnaces which would be installed by the end of August. He called for patience from the affected communities and vowed to monitor the repairs closely to ensure that the facility was back to its full operations. 'The municipality has allocated R14 million to repair the furnaces at the Mobeni Heights Crematorium and to give the entire facility a facelift,' he added. Sisilana said the upgrade of the crematorium was funded in the 2025/2026 financial year and would focus on the replacement of the furnace and a building upgrade of the 'pyramid' portion of the facility. 'Any changes would require permission from the Department of Economic Development, Tourism and Environmental Affairs (EDTEA) and final approval by other role players,' she added. The crematorium has two furnaces, both of which are not operational. The upgrade would replace the oldest furnace with a locally manufactured and maintained unit. The new unit will comply with the latest legislation required to operate a crematorium. The second furnace that was commissioned in 2021 will undergo a refurbishment, including the control unit to latest industrial standards and norms to be fully compliant with all legislative requirements. Xaba said processes to repair the Tongaat Crematorium were also at an advanced stage as the municipality had reprioritized R7 million for the replacement of furnaces. 'We anticipate completing the work at the Tongaat Crematorium by the end of next month. While repairs are ongoing at these facilities, the municipality urges residents to use nearby crematoria,' Xaba added. The POST
India.com
a day ago
- Business
- India.com
Gautam Adani has a massive salary of Rs 104100000, but its no match to Sunil Bharti Mittal or Infosys CEO, salary of Mukesh Ambani is...
(File) Gautam Adani vs Sunil Bharti Mittal vs Mukesh Ambani salary comparison: In a significant turn of developments, a new report by Fortune India has declared the salary of Gautam Adani, the chairman of the multi-billion-dollar Adani Group. As per the report, India's second richest business tycoon received a total remuneration of Rs 10.41 crore in the financial year ending March 31, 2025. Here is a comparison of his salary with his peers like Bharti Airtel Founder Sunil Bharti Mittal, Infosys CEO Salil S Parekh and Reliance Industries Chairman Mukesh Ambani. Details on Gautam Adani's remuneration As per the media report, Gautam Adani's remuneration was drawn from nine of his listed companies. His remuneration for 2024-25 from the group's flagship firm Adani Enterprises Ltd (AEL) included Rs 2.26 crore salary and another Rs 28 lakh in perquisites, allowances and other benefits. The total earnings from AEL at Rs 2.54 crore was higher than Rs 2.46 crore in the previous fiscal. Besides, he drew Rs 7.87 crore from Adani Ports and Special Economic Zone (APSEZ) – – Rs 1.8 crore salary and Rs 6.07 crore commission. This compared with Rs 6.8 crore he received from APSEZ in 2023-24. More notably, Gautam Adani ranks 20th globally, with an estimated net worth of $84.7 billion as per the Bloomberg Billionaire Index. Guatam Adani's salary vs Mukesh Ambani's salary Billionaire Gautam Adani's salary is lower than the heads of almost all large family-owned conglomerates in India. While the richest Indian, Mukesh Ambani, has been foregoing his entire salary since Covid-19 broke out, prior to which he had capped his remuneration at Rs 15 crore, Adani's remuneration is much lower than telecom czar Sunil Bharti Mittal (Rs 32.27 crore in 2023-24), Rajiv Bajaj (Rs 53.75 crore in FY24), Pawan Munjal (Rs 109 crore in FY24), L&T Chairman S N Subrahmanyan (Rs 76.25 crore in FY25) and Infosys CEO Salil S Parekh (Rs 80.62 crore in FY25). (With inputs from agencies)
India Today
a day ago
- Business
- India Today
Gautam Adani earned Rs 10.41 crore in FY25: Who earned more than him?
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 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 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 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 FY25, Larsen & Toubro (L&T) Chairman SN Subrahmanyan took home Rs 76.25 crore, while Infosys CEO Salil S Parekh earned Rs 80.62 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 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 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 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 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 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 regained the top spot in Asia on two occasions in 2024 but is once again behind Mukesh Ambani.(With inputs from PTI) advertisement
Time of India
a day ago
- Business
- Time of India
Gautam Adani took home Rs 10.41 crore salary in FY25, less than top executives; marks 12% increase from FY24
NEW DELHI: Adani Group chairman, Gautam Adani, 62, earned a total salary of Rs 10.41 crore for the financial year ending March 31, 2025. This marks a 12% increase from the Rs 9.26 crore the India's second-richest man earned in FY24, according to the latest annual reports of his group companies. Despite his massive wealth and control over a vast ports-to-power empire, Adani's salary remains lower than that of several key executives within his own group. His pay came from just two of the nine listed firms under the Adani Group, reflecting a relatively modest compensation when compared to industry peers and even his own leadership team. Earlier in 2024-25, Gautam Adani earned Rs 2.54 crore from Adani Enterprises Ltd (AEL), which included Rs 2.26 crore as salary and Rs 28 lakh in perks and allowances. This was slightly higher than Rs 2.46 crore he earned from AEL the previous year. He also received Rs 7.87 crore from Adani Ports and Special Economic Zone (APSEZ), consisting of Rs 1.8 crore salary and Rs 6.07 crore commission. How much do Adani's top executives earn? AEL CEO Vinay Prakash was the highest paid, with a total remuneration of Rs 69.34 crore, including Rs 4 crore salary and Rs 65.34 crore in allowances and performance-linked incentives "for exceptional operational and financial performance in the mining services and integrated resources management business of the company". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo Adani Green Energy MD Vneet S Jaain earned Rs 11.23 crore, while Group CFO Jugeshinder Singh received Rs 10.4 crore. At Adani Ports, Gautam Adani's son Karan Adani drew Rs 7.09 crore, and CEO Ashwani Gupta earned Rs 10.34 crore. Variable pay for both will be given in FY26, the annual report said. Gautam Adani's younger brother Rajesh earned Rs 9.87 crore from AEL, while his nephews Pranav and Sagar received Rs 7.45 crore and Rs 7.50 crore respectively. Adani Total Gas CEO Suresh Manglani earned Rs 8.21 crore, and Adani Energy Solutions CEO received Rs 14 crore, while Adani Power CEO SB Khayalia was paid Rs 9.16 crore. Adani's salary is lower than that of nearly all leaders of major family-owned conglomerates in India. While Mukesh Ambani has not taken any salary since the Covid-19 pandemic began and previously capped his pay at Rs 15 crore. Gautam Adani's remuneration is much lower than other top industry leaders. For comparison, telecom chief Sunil Bharti Mittal earned Rs 32.27 crore in 2023-24, Rajiv Bajaj got Rs 53.75 crore, Pawan Munjal received Rs 109 crore, L&T Chairman S N Subrahmanyan took Rs 76.25 crore in FY25, and Infosys CEO Salil S Parekh earned Rs 80.62 crore in FY25. Gautam Adani, with a net worth of $82.5 billion (as per Bloomberg Billionaires Index), has been competing closely with Mukesh Ambani for the title of Asia's richest person. Adani briefly held the top spot in 2022 but lost it after a report by US short-seller Hindenburg Research led to a massive $150 billion drop in his group's market value at its lowest point in 2023. Currently, Adani stands at 20th. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
2 days ago
- Business
- Time of India
Gautam Adani's draws Rs 10.41 cr pay in FY25, lags behind peers, ETHRWorld
Advt Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App India's second richest person Gautam Adani received a total remuneration of Rs 10.41 crore in the fiscal year ended March 31, 2025, lower than most industry peers and his own key 62, drew salaries from two out of the nine listed companies in his ports-to-energy conglomerate, the latest annual reports of the listed entities of the group showed. His total remuneration was 12 per cent more than the Rs 9.26 crore he had earned in the previous 2023-24 financial remuneration for 2024-25 from the group's flagship firm Adani Enterprises Ltd (AEL) included Rs 2.26 crore salary and another Rs 28 lakh in perquisites, allowances and other benefits. The total earnings from AEL at Rs 2.54 crore was higher than Rs 2.46 crore in the previous he drew Rs 7.87 crore from Adani Ports and Special Economic Zone (APSEZ) - - Rs 1.8 crore salary and Rs 6.07 crore compared with Rs 6.8 crore he received from APSEZ in salary is lower than the heads of almost all large family-owned conglomerates in the richest Indian, Mukesh Ambani , has been foregoing his entire salary since Covid-19 broke out, prior to which he had capped his remuneration at Rs 15 crore, Adani's remuneration is much lower than telecom czar Sunil Bharti Mittal (Rs 32.27 crore in 2023-24), Rajiv Bajaj (Rs 53.75 crore in FY24), Pawan Munjal (Rs 109 crore in FY24), L&T Chairman S N Subrahmanyan (Rs 76.25 crore in FY25) and Infosys CEO Salil S Parekh (Rs 80.62 crore in FY25).The latest annual reports of Mittal's Bharti Airtel, Munjal's Hero Motocorp and Bajaj Auto are yet to be like other promoters, Adani also earns from dividends that the group companies may pay on earnings every earned by Adani is lower than at least a couple of chief executives of his group companies. AEL CEO Vinay Prakash got Rs 69.34 crore. Prakash's remuneration included Rs 4 crore salary and Rs 65.34 crore in perquisites, allowances and variable incentives "for exceptional operational and financial performance in the mining services and integrated resources management business of the company".Renewable energy firm Adani Green Energy Ltd (AGEL) Managing Director Vneet S Jaain got Rs 11.23 crore, while Group CFO Jugeshinder Singh earned Rs 10.4 crore in son Karan received Rs 7.09 crore from APSEZ, while the company CEO Ashwani Gupta earned Rs 10.34 crore. Variable pay for FY25 in both Karan and Gupta's case will be disbursed in FY26, the annual report Adani's younger brother, Rajesh earned Rs 9.87 crore from AEL while his nephew Pranav got Rs 7.45 crore. His other nephew Sagar took home Rs 7.50 crore from gas arm Adani Total Gas CEO Suresh P Manglani was paid Rs 8.21 crore in remuneration for 2024-25 and Adani Energy Solutions CEO drew Rs 14 crore Power CEO SB Khayalia drew Rs 9.16 crore salary in Adani, who is worth USD 82.5 billion according to the Bloomberg Billionaire Index, has been jostling with Ambani for the spot of the richest person in Asia. He became the richest Asian in 2022 but lost that position after a damning report by US short-seller Hindenburg Research wiped out almost USD 150 billion of the market value of his group stock at its lowest point in regained the top spot on two occasions last year but again ceded the position to is ranked 17th on the world's richest list with a net worth of USD 104 billion. Adani is ranked 20th. PTI
