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  • Business Today

    Value Creators

    Professional CEOs have been generously rewarded for creating enormous wealth for their companies.
    by Team BT Jun 25, 2018 7 minutes

    1. C.P. Gurnani

    MD & CEO,

    Tech Mahindra

    Rs 150.70 crore (2016/17)

    Rs 45.36 crore (2015/16)

    Raising a racing craft

    I dont believe this is a sinking ship. No longer. This may not be a racing craft yet. But it is our task to make it one," remarked Anand Mahindra, Chairman of the Mahindra Group, at his first press conference in Hyderabad in 2009 after acquiring troubled IT giant Satyam Computer. The man tasked with the job was C.P. Gurnani, who rose to the occasion. His biggest contribution was taking over the scam tainted Satyam, fixing its problems and successfully integrating it with Tech Mahindra. In a decade since they acquired Satyam, Gurnani grew the top line almost six times and profits four times. And he has been richly rewarded for his efforts. His salary was Rs2.4 crore in 2016/17 with perquisites of Rs10 lakh. Gurnani also encashed stock options worth Rs147 crore. On top of this, a commission (as a percentage of profit) of Rs98 lakh. His remuneration adds up to Rs150.7 crore.

    The company's revenues were up 2.1 per cent to Rs23,661.2 crore in 2017/18 and

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