Appendix A: Remuneration of Executives of Major Companies
No.	Name	Company Name	Designation	Total Remuneration
				2006-07	2002-03	Increase	Percentage
				(Rs lakh)	(Rs lakh)	(Rs lakh)	Increase
1	Sunil Bharti Mittal	Bharti Airtel	CMD	1496	532	964	181.1
2	K Anji Reddy	Dr Reddy's	Chairman	1440	462	978	211.5
3	Brijmohan Lall Munjal	Hero Honda	Chairman	1400	953	447	46.9
4	Pawan Munjal	Hero Honda	MD & CEO	1389	940	448	47.7
5	Naveen Jindal	Jindal Steel & Power	EVC & MD	1163	93	1069	1144.7
6	G V Prasad	Dr Reddy's	VC & CEO	1087	234	853	364.1
7	Satish Reddy	Dr Reddy's	MD & COO	1087	234	853	364.1
8	Onkar S Kanwar	Apollo Tyres	CMD	998	512	485	94.7
9	Anil Singhvi	Gujrat Ambuja Cements*@	MD	936	43	893	2093.0
10	Y K Haimed	Cipla	CMD	788	424	365	86.1
11	Murali K Divi	Divi's Labroratories	CMD	788	244	544	223.1
12	H F Khorakiwala	Wockhhardt	Chairman	776	701	75	10.6
13	K V Mani	Kalpataru Power Transmission	MD	762	26	736	2872.5
14	M K Hamied	Cipla	Jt MD	733	275	458	166.2
15	Amar Lulla	Cipla	Jt MD	733	280	453	161.9
16	P R S Oberoi	EIH	Chairman & CEO	685	54	630	1158.9
17	Ravindra Jain	Panacea Biotech	MD	657	35	621	1767.0
18	A M Naik	Larsen & Toubro	CMD	585	143	442	310.2
19	Ajit Gulabhchand	HCC	CMD	580	379	200	52.8
20	Ratan Jindal	Jindal Stainless	VC & MD	561	167	394	236.3
21	B N Kalyani	Bharat Forge	CMD	551	160	390	243.7
22	Soshil Kumar Jain	Panacea Biotech	Chairman	536	65	471	727.6
23	K Raghavendra Rao	Orchid Chemicals & Pharma	MD	528	144	383	266.0
24	Suresh Krishna	Sundaram Fasteners	CMD	525	288	237	82.4
25	Rajesh Jain	Panacea Biotech	Jt MD	524	37	487	1308.3
26	Sandeep Jain	Panacea Biotech	Jt MD	524	33	491	1495.6
27	S P Oswal	Vardhaman Textiles	CMD	523	134	389	290.7
28	Prathap C Reddy	Apollo Hospitals	Executive Chairman	521	219	302	138.1
29	Jignesh Shah	Financial Technologies	MD	519	13	506	4016.1
30	S S Mukherji	EIH	VC & MD	504	86	418	484.9
31	Brian W Tempest	Ranbaxy	Chief Mentor	497	351	146	41.4
32	Ashok Chaturvedi	Uflex	CMD	461	91	370	407.7
33	R N Bickson	Indian Hotels	MD	455	100	355	357.0
34	Bharat K Sheth	Great Eastern Shipping	DC & MD	450	123	328	267.0
35	K M Sheth	Great Eastern Shipping	Executive Chairman	442	67	376	564.3
36	S C Mehta	Deepak Fertilizers	VC & MD	426	115	311	270.9
37	N V Ramana	Divi's Labroratories	ED	418	21	396	1845.5
38	Chirayu Amin	Alembic	MD	415	197	218	110.9
39	Y C Daveshwar	ITC	Executive Chairman	403	155	247	159.4
40	Rahul Bajaj	Bajaj	Chairman	395	59	337	575.4
41	P M Sanghvi	Ratnamani Metals & Tubes	MD	395	11	384	3539.7
42	Shobha Kapoor	Balaji Telefilms	MD	392	33	359	1090.0
43	Ekta Kapoor	Balaji Telefilms	Creative Director	392	33	359	1090.0
44	Akhil Gupta	Bharti Airtel	Jt MD	391	193	198	102.7
45	M B Parekh	Pidilite	MD	391	183	208	113.9
46	Ajay G Piramal	Nicholas Piramal	Chairman	385	192	192	100.1
47	Azim H Premji	Wipro	CMD	358	21	337	1605.4
48	Rajeev Jhawar	Usha Martin	MD	354	47	307	656.0
49	Y M Deosthale	Larsen & Toubro	WTD& CFO	353	88	265	302.5
50	Prayasvin B Patel	Elecon Engineering	MD	350	9	341	3749.8
51	Deepak Puri	Moser Baer	MD	350	19	331	1729.8
52	K Venkataraman	Larsen & Toubro	WTD	348	88	261	297.3
53	R N Mukhija	Larsen & Toubro	WTD	344	60	283	468.6
54	B G Bangur	Shree Cement	Executive Chairman	341	66	275	414.5
55	H M Bangur	Shree Cement	MD	341	66	275	417.8
56	N Prasad	Matrix Labroratories	Executive Chairman	339	68	272	400.4
57	Rahul C Kirloskar	Kirloskar Oil Engines	Director-Exports	321	93	228	246.7
58	Atul C Kirloskar	Kirloskar Oil Engines	CMD	315	107	209	196.0
59	N S Sekhsaria	Gujrat Ambuja Cements	Non-Exec VC	309	26	283	1093.9
60	Rajan Bharti Mittal	Bharti Airtel	Jt MD	307	145	162	111.2
61	Gautam Kulkarni	Kirloskar Oil Engines	Jt MD	305	104	201	192.4
62	J P Nayak	Larsen & Toubro	WTD	304	88	216	246.3
63	Rajendra Gupta	Abhishek Industries	MD	303	84	219	259.5
64	Sanjay Kirloskar	Kirloskar Brothers	MD	301	83	218	262.3
65	S Ramadorai	TCS	CEO & MD	293	258	36	13.9
66	Vikram Kirloskar	Kirloskar Brothers	ED	289	65	224	346.9
67	P Sampath	GHCL	MD	283	32	251	775.9
68	R S Jalan	GHCL	MD	283	20	263	1308.8
69	M L Bhartia	India Glycos	CMD	280	132	148	112.0
70	Arun Kapur	Rico Auto Industries	Jt MD	279	166	113	67.8
71	Ajay Chowdary	HCL Infosystems	Chairman & CEO	279	105	174	166.2
72	Madhur Bajaj	Bajaj	VC	276	48	227	470.3
73	Arvind Kapur	Rico Auto Industries	MD	274	166	108	65.0
74	U S Bhartia	India Glycos	MD	267	133	134	100.6
75	A A V Ranga Raju	Nagarjuna Construction	MD	265	19	246	1290.1
76	K V Kamath	ICICI Bank	MD& CEO	258	121	137	112.5
77	Adi Godrej	Godrej Consumer Products	CMD	253	91	161	176.5
78	Malika Amin	Alembic	WTD	249	118	131	110.9
79	B Muthuraman	Tata Steel	MD	248	72	176	244.5
80	J B Mody	JB Chemicals & Pharma	CMD	246	108	138	127.9
81	D B Mody	JB Chemicals & Pharma	WTD	246	108	138	127.0
82	S B Mody	JB Chemicals & Pharma	WTD	246	109	137	126.5
83	J M Sanghvi	Ratnamani Metals & Tubes	WTD	242	10	232	2338.7
84	Ravi Kant	Tata Motors	MD	241	72	168	232.5
85	K G Tendulkar	HCC	Dy MD	240	65	175	269.2
86	Nakul P Mehta	Bharat Bijlee	VC & MD	223	11	212	1845.5
87	Nihil J Danani	Bharat Bijlee	VC & MD	223	10	213	2045.8
88	Hari S Bhartia	Jubilant Organosys	Co Chairman & MD	219	85	133	156.3
89	Ravi Uppal	ABB	VC & MD	218	73	145	198.0
90	P P Kadle	Tata Motors	ED	217	63	154	245.7
91	P Bhattacharya	Usha Martin	Jt MD	216	34	181	526.2
92	Anand G Mahindra	Mahindra & Mahindra	VC & MD	214	24	190	793.3
93	Kalyan Ganguly	United Breweries	MD	212	97	115	117.8
94	Preetha Reddy	Apollo Hospitals	MD	209	88	121	138.1
95	N Jayakumar	Prime Securities	President	208	75	134	178.9
96	Ashank Desai	Mastek	Director	208	69	140	203.5
97	Zubair Ahmed	Gillettee India	WTD	206	151	55	36.6
98	Manoj Tirodkar	GTL	CMD	205	77	128	165.9
99	A V S Raju	Nagarjuna Construction	Chairman	204	25	179	703.1
100	Shailendra Jain	Grasim	WTD	204	117	87	74.7
101	G K Agarwal	Bharat Forge	Dy MD	204	59	145	245.4
102	Anil Bhavarlal Jain	Jain Irrigation Systems	MD	203	38	165	436.9
103	Rajiv Bajaj	Bajaj	MD	202	47	154	327.8
104	Swati Piramal	Nicholas Piramal	Director	201	89	111	125.1
105	Sudhir Trehan	Crompton Greaves	MD	200	68	132	195.5
106	Gajendra K Patni	Patni Computer System	ED	200	195	5	2.5
107	R S Naronha	VST Industries	MD	200	65	135	208.6
				46672	14673	31999	218.1