Gautam Adani's FY24 salary of Rs 90.26 mn less than executives, peers

24 Jun 2024 CW Team

India's second richest person, Gautam Adani, received a total remuneration of Rs 90.26 million in the fiscal year ending March 31, 2024. This amount is lower than that of most industry peers and even some of his own key executives. According to the annual reports of the 10 listed entities in his ports-to-energy conglomerate, the 61-year-old Adani drew a salary from only two out of these ten companies.

His remuneration for 2023-24 from the group's flagship firm, Adani Enterprises (AEL), included a salary of Rs 20.19 million along with perquisites, allowances, and other benefits worth Rs 2.7 million. The total remuneration of Rs 20.46 million was 3 percent higher than the previous financial year, as stated in AEL's 2023-24 annual report. Additionally, he received Rs 60.8 million from Adani Ports and SEZ (APSEZ).

Adani's salary is lower than the heads of almost all large family-owned conglomerates in India. The richest Indian, Mukesh Ambani, has been foregoing his entire salary since the Covid-19 outbreak, prior to which he had capped his remuneration at Rs 150 million. Adani's remuneration is significantly lower compared to other industry leaders such as telecom czar Sunil Bharti Mittal (Rs 160.7 million in 2022-23), Rajiv Bajaj (Rs 530.7 million), Pawan Munjal (Rs 800 million), L&T Chairman S N Subrahmanyan, and Infosys CEO Salil S Parekh.

Adani, with a net worth of $ 106 billion, has been competing with Ambani for the title of the richest person in Asia. He became the richest Asian in 2022 but lost that position after a critical report by US short-seller Hindenburg Research resulted in a significant loss of market value for his group?s stocks, wiping out almost $ 150 billion at its lowest point last year. Although Adani regained the top spot twice this year, he eventually ceded the position to Ambani again. Currently, Ambani is ranked 12th on the world's richest list with a net worth of $ 111 billion, while Adani is ranked 14th.

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..