Who is Anish Shah, one of highest-paid CEOs in India, his salary is Rs 47 crore, he currently works for...
Dr. Anish Shah has made it to the elite list of the top five highest-paid CEOs in the global auto industry after receiving a remarkable 95 per cent increase in his salary. His total compensation for the financial year 2024-25 now stands at an impressive Rs. 47.33 crore. Dr. Shah currently serves as the Managing Director and CEO of the Mahindra Group.
Shah joined Mahindra in 2014 as Group President (Strategy) and has been an important part of the company's journey ever since. He led many big decisions that helped Mahindra adopt digital tools, use data better, and improve coordination among its different businesses.
In 2020, he was promoted to Group CFO and Deputy Managing Director. The following year, in 2021, he became the Group CEO and Managing Director.
Since then, Mahindra & Mahindra has grown rapidly in the Indian car market. The company moved up from fourth to second place in the passenger vehicle segment. Popular models like the Scorpio, Thar, and the new XUV3XO played a big role in this success. Dr. Shah's leadership and clear strategy have been key in driving this strong performance. Executive pay soars globally, Dr. Anish Shahjoins top league of auto industry's highest-paid CEOs
In a global trend that has seen executive salaries rise by nearly 50 per cent in real terms since 2019, India's auto sector is no exception. Hero MotoCorp's Chairman and Managing Director, Pawan Munjal, has once again topped the list as the highest-paid automotive CEO in India for FY25, with a total compensation of Rs. 109.41 crore, unchanged from the previous year.
Making headlines this year is Dr. Anish Shah, the Managing Director and Group CEO of Mahindra Group, who has joined the top five highest-paid CEOs in the Indian auto sector for the first time. He saw a staggering 95 per cent increase in his pay for FY25, bringing his total earnings to Rs. 47.33 crore.
A closer look at his compensation reveals that Rs. 16.49 crore came as fixed salary, Rs. 65 lakh as company contributions to various funds, and Rs. 1.13 crore through allowances and other perks (excluding ESOPs). However, the bulk of his earnings which is around Rs. 30.18 crore came from stock options (ESOPs) he exercised during the year. ESOPs accounted for nearly two-thirds of his total pay package.
Before his tenure at Mahindra, Dr. Shah served as President and CEO of GE Capital India between 2009 and 2014. He played a key role in the company's strategic overhaul, including the turnaround of the SBI Card business. Over a 14-year career at GE, he held several senior positions across its U.S. and international operations.
Academically, Dr. Shah holds a Ph.D. from Carnegie Mellon University's Tepper School of Business, where his research focused on corporate governance. He also earned a postgraduate diploma in management from IIM Ahmedabad and a master's degree from Carnegie Mellon.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
30 minutes ago
- Deccan Herald
Men in Ladki Bahin Yojana list: Money will be recovered, says Dy CM Pawar; promises action
His statement came amid reports that 14,000 men were beneficiaries of the scheme, under which women get Rs 1500 per month as aid subject to certain conditions, including annual family income.
Hans India
30 minutes ago
- Hans India
PM Modi launches, inaugurates development projects worth Rs 4,900 crore in Tamil Nadu
Chennai: Prime Minister Narendra Modi arrived in Tamil Nadu on Saturday evening for a two-day visit, marking a significant push for infrastructure and development initiatives across the state. After concluding his visit to the Maldives, Prime Minister Modi landed at the Tuticorin Airport at 7:50 p.m. in a special aircraft. He was received at the airport by Tamil Nadu Finance Minister Thangam Thennarasu, Governor R.N. Ravi, and Union Ministers L. Murugan and Ram Mohan Naidu, among others. Soon after his arrival, the Prime Minister inaugurated the newly developed terminal building of Tuticorin Airport, constructed at a cost of Rs 452 crore. Later, he laid the foundation stone and inaugurated multiple development projects across Tamil Nadu, with a cumulative value of Rs 4,900 crore. These projects span key sectors including energy, transport, and logistics. Among the major initiatives unveiled were, infrastructure projects worth Rs 550 crore in Tuticorin, power transmission works related to the Kudankulam Nuclear Power Plant, electrification of the Madurai–Bodinayakkanur railway line, power distribution systems for Kudankulam Units 3 and 4, doubling of the railway line between Aralvaimozhi and Nagercoil, doubling of the Nellai-Melapalayam railway section, estimated at Rs 283 crore, a four-lane road development project on the Sethiyathoppu-Cholapuram section, inauguration of the third northern cargo logistics terminal at V.O. Chidambaranar Port in Tuticorin, costing Rs 285 crore, doubling of the Nagercoil City-Junction-Kanyakumari railway line and railway projects worth Rs 1,030 crore. The visit highlights the Centre's focus on boosting connectivity, energy infrastructure, and economic development in southern Tamil Nadu. The Prime Minister is scheduled to participate in further events on Sunday, including the millennium celebration of the maritime expedition of the Chola emperor, Rajendra Chola I, at Gangaikonda Cholapuram.
&w=3840&q=100)
First Post
30 minutes ago
- First Post
PM Modi hails UK trade deal as ‘historic', says it shows global trust in India
Prime Minister Narendra Modi on Saturday described the recently concluded FTA between India and UK as 'historic,' and said the trade pact showed the world's trust in the country. read more Prime Minister Narendra Modi on Saturday hailed the recently signed Free Trade Agreement between India and the United Kingdom as 'historic', saying it reflected the world's growing trust in the country. Speaking after launching development projects worth ₹4,900 crore in Tamil Nadu, Modi reaffirmed the NDA government's focus on the state's progress. The Prime Minister said he felt 'blessed' to arrive in Tamil Nadu directly after concluding his foreign tour, during which the India–UK FTA was finalised before his visit to the Maldives. STORY CONTINUES BELOW THIS AD Calling the trade deal with the UK a milestone, he said, 'India and Britain have signed a Free Trade Agreement. This reflects the increasing global trust in India and our growing self-confidence. With this confidence, we will build a developed India and a developed Tamil Nadu.' 'FTA with Britain adds pace to our vision of Viksit Bharat, Viksit TN,' the PM, clad in a traditional veshti (dhoti), shirt and an 'angavastram' worn around the neck, said. He landed here directly after wrapping up his official tour of the Maldives. As regards Operation Sindoor, he said weapons manufactured under the 'Make in India' initiative played a great role during the cross-border military offensive in destroying enemy targets and made enemies lose sleep. Promising a developed India and Tamil Nadu, he said, 'infrastructure and energy are the backbone of any state's development; our focus on infrastructure and energy in last 11 years shows our commitment to TN's growth.' The NDA government has constructed Atal Sethu, Sonmarg Tunnel, Bogibeel bridge in different parts of the country and these created thousands of job opportunities. As regards the railways, he said it is the lifeline of industrial growth. The projects he inaugurated on Saturday are related to airport, highways, railways, port and power in Tamil Nadu and he said that infrastructure. The inaugurated projects include a new state-of-the-art Tuticorin airport terminal building, developed at an estimated cost of around Rs 450 crore. STORY CONTINUES BELOW THIS AD As regards railway projects, it includes the electrification of the 90 km Madurai–Bodinayakkanur line, commissioned at a cost of Rs 99 Crore and the Rs 650 crore worth doubling of the 21 km Nagercoil Town–Kanniyakumari section. The PM dedicated to the nation, two strategically significant highway projects– 4-laning of 50 km Sethiyathope–Cholapuram stretch of NH-36, developed at a cost Rs 2,350 crore and 6-laning of the 5.16 km NH-138 Tuticorin Port Road, built at around Rs 200 crore. He inaugurated the North Cargo Berth–III with a cargo handling capacity of 6.96 MMTPA at V O Chidambaranar Port established at a cost of Rs 285 crore. On the occasion, he invoked legendary freedom fighters from the region–VO Chidambaram Pillai, king Veerapandia Kattabomman and chieftain Veeran Azhagu Muthukon. Tamil Nadu Governor RN Ravi participated in the event. State Finance Minister Thangam Thenarasu presented a memento, a replica of the iconic Valluvar Kottam in Chennai, to the prime minister on the occasion. STORY CONTINUES BELOW THIS AD Union Civil Aviation Minister K Rammohan Naidu, Union Minister of State L Murugan, TN Social Welfare Minister P Geetha Jeevan, Lok Sabha MP Kanimozhi and top officials took part.
