Latest news with #SNSubrahmanyan
India.com
3 days ago
- Business
- India.com
JACKPOT for L&T boss, Subrahmanyan sees remuneration jumps of 50 percent after…, earns Rs 760000000 pay in…, his net worth is…
SN Subrahmanyan (File) New Delhi: S N Subrahmanyan, chairman and Managing Director of Larsen & Toubro (L&T), witnessed a remuneration hike of nearly 50 percent in the financial year 2024–25. According to the company's latest annual report, Subrahmanyan received a total compensation of Rs 76.25 crore in FY25, up from Rs 51.05 crore in FY24. This massive increase was attributed to employee stock options (ESOPs) exercised during the year, valued at Rs 15.88 crore. Notably, no ESOPs were exercised by him in the previous financial year. Whole-time Director and Chief Financial Officer R Shankar Raman earned Rs 37.33 crore in FY25. Deputy Managing Director and President Subramanian Sarma received Rs 44.55 crore for the same period. The annual report highlighted that the remuneration of key managerial personnel reflects the company's strong performance, and the rewards are in line with industry benchmarks. Story in short: S N Subrahmanyan, chairman and Managing Director of Larsen & Toubro (L&T), witnessed a remuneration hike of nearly 50 percent in the financial year 2024–25. Whole-time Director and Chief Financial Officer R Shankar Raman earned Rs 37.33 crore in FY25. Deputy Managing Director and President Subramanian Sarma received Rs 44.55 crore for the same period. Subrahmanyan and his association with Larsen and Toubro Subrahmanyan joined the construction business of L&T in 1984 He joined as a project planning engineer after completing a degree in civil engineering and post-graduation in business management. The L&T construction business has grown multifold under his leadership It ranked among the top 25 global contractors after Subramanyan joined the company In 2011, Subrahmanyan was inducted into the L&T board. Under Naik's leadership, L&T transformed into a USD 17 billion group with presence not only in engineering and construction but also in technology, manufacturing and financial services operating in over 30 countries. About Larsen and Toubro Indian multinational firm Larsen & Toubro operates in over 50 countries across the globe. The company is currently engaged in EPC Projects, Hi-Tech Manufacturing and Services. According to L&T, it was the first company in India in the engineering and construction space to publicly disclose its sustainability performance. Founded in 1946 by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro, L&T has been involved in the production of a range of hardware for every project of Indian Space Research Organisation (ISRO), including the Chandrayaan, Gaganyaan, and Mars Orbiter missions. L&T started out as a private company but became a publicly listed firm in 1950, and over the years, leading business tycoons like Anil Ambani and Kumar Mangalam Birla, have tried to acquire it.
News18
5 days ago
- Business
- News18
L&T chairman remuneration jumps 50 pc to Rs 76.25 cr in FY25
New Delhi, Jul 17 (PTI) The remuneration of Larsen & Toubro Chairman S N Subrahmanyan, who came into the spotlight months ago for endorsing a 90-hour work week, increased by almost 50 per cent to Rs 76.25 crore in FY25 over FY24. According to the company's annual report, the rise was mainly on account of stock options exercised during the year. Subrahmanyan was paid a remuneration of Rs 51.05 crore in 2023-24. The value of employee stock options (ESOP) exercised by the chairman during the last financial year stood at Rs 15.88 crore. In comparison, it was zero in 2023-24. The report further said that while the remuneration of the company's Whole-time Director and CFO R Shankar Raman stood at Rs 37.33 crore in FY25, Subramanian Sarma, the Deputy Managing Director & President of the infrastructure major, earned Rs 44.55 crore. The Larsen & Toubro chairman, a few months back, sparked an online outrage with his comments advocating a 90-hour work week and suggesting that employees should even give up Sundays. In response, the company had issued a statement clarifying that his comments were intended to highlight the importance of 'extraordinary effort" for achieving remarkable results, and not to pressure employees into extended working hours. PTI SID MR MR MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 17, 2025, 19:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
5 days ago
- Business
- Time of India
Rs 76 crore pay for L&T boss: Chairman Subrahmanyan's remuneration jumps 50% after ESOP windfall in FY25
S N Subrahmanyan, Chairman of Larsen & Toubro, saw his pay rise significantly. His remuneration reached Rs 76.25 crore in FY25. This is a nearly 50 per cent increase from the previous year. The rise is mainly due to stock options. His earlier comments about a 90-hour work week had sparked controversy. Tired of too many ads? Remove Ads Larsen & Toubro (L&T) Chairman and Managing Director S N Subrahmanyan saw his remuneration rise by nearly 50% in the financial year 2024–25, largely due to gains from stock to the company's latest annual report, Subrahmanyan received a total compensation of Rs 76.25 crore in FY25, up from Rs 51.05 crore in FY24. The sharp increase was attributed to employee stock options (ESOPs) exercised during the year, valued at Rs 15.88 crore. Notably, no ESOPs were exercised by him in the previous financial report also detailed the pay packages of other top executives. Whole-time Director and Chief Financial Officer R Shankar Raman earned Rs 37.33 crore in FY25. Deputy Managing Director and President Subramanian Sarma received Rs 44.55 crore for the same annual report highlighted that the remuneration of key managerial personnel reflects the company's strong performance, and the rewards are in line with industry from PTI
New Indian Express
21-06-2025
- Business
- New Indian Express
NIT-R convocation: 2,065 students receive degrees
ROURKELA: At least 2,065 students were awarded degrees at the 22nd convocation ceremony of the National Institute of Technology-Rourkela (NIT-R) held here on Friday. Addressing the graduating students, chief guest and CMD of Mahanadi Coalfields Ltd (MCL) Uday A Kaole said, 'This day marks the beginning of a new, challenging chapter where your knowledge must translate into performance, with accountability, integrity and purpose. Education is the foundation of national progress, and institutes like NIT-Rourkela are critical pillars in this journey. Be adaptable, stay rooted in your values, and always strive to give back.' Virtually addressing the students, chairman of the Board of Governors (BoG), NIT-R SN Subrahmanyan said, 'We are in an era defined by youth, innovation, and boundless potential. As engineers graduating into a rapidly transforming world, you are architects of change.' NIT-R director Prof K Umamaheshwar Rao said by introducing new-age programmes such as BTech in Artificial Intelligence, and a growing international student community, the institute is preparing graduates to thrive in a rapidly evolving global landscape. On the occasion, 1061 BTech degrees, 21 BArch, 39 BTech and MTech dual degree, 68 Integrated MSc, 180 MSc, six MA, 43 MBA, 469 MTech, one Master of Technology (Research) and 177 PhD degrees were awarded. The degree recipients included 93 international students from USA, Afghanistan, Sri Lanka, Bhutan, Bangladesh, Nepal and Non-Resident Indians. Gold medals were awarded to Swayansha Routray for best graduate in BTech and BArch, Barsa Barnali Das for best postgraduate in MTech, Satyajit Sahu for best postgraduate in MBA, Pranay Sahu for best postgraduate in Integrated MSc, Akash Devgan for best postgraduate in MSc and MA, Estari Uday Kiran for best postgraduate in BTech and MTech dual degree, Vaghasiya Rominkumar Ashvinbhai for best postgraduate project in MTech and dual degree besides Shishir Khanal for best undergraduate project in BTech and BArch. Four distinguished alumnus awards were also given to Prof Sukumar Mishra, Ashok Kumar Basa, RS Raghavan, Dr Bhartendu Deo.
India Today
19-06-2025
- Business
- India Today
Genpact tells employees to do 10 hours shift daily, will track their active hours with internal tools
Amid the ongoing debate between work-life balance and work hours, another controversial decision has come up. Genpact, a leading player in the technology and services sector, is facing sharp criticism from employees and HR experts following the introduction of a controversial new policy that increases the standard workday to ten hours. Implemented mid-June. The newly introduced policy mandates extended working hours without any corresponding rise in base salary, a move that many argue is both unfair and this revised system, employee productivity is tracked through an internal portal that monitors daily active hours. Workers who meet the required hours can earn up to 500 points monthly, which translates to Rs 3,000 in incentives. However, only a marginal 5 per cent bonus, roughly Rs 150, is paid for any additional time logged, leaving many questioning the value of the reward, according to the reports. The rollout of this policy has triggered widespread unrest among Genpact's workforce, particularly in its Hyderabad office, where the mood has been described as 'tense' and morale is visibly low. What has further aggravated the situation is the way the policy has been introduced — not through any official HR communication, but informally passed on by managers and team leads. Several employees have voiced concerns about the lack of transparency. 'There's nothing on paper. It's all word of mouth. If anyone challenges it, they're accused of being difficult and risk termination,' said a senior staff member involved in recruitment, the Hindu reported. advertisement Frustration has spilled over onto social media platforms, where current employees are calling out the company's practices. One LinkedIn user, who claimed work with Genpact, raises concerns. He says that mandating 10-hour login "can lead to burnout, productivity, reduced creativity and disengagement." As internal pressure mounts and online criticism grows, Genpact's leadership may soon have to reckon with the consequences of a policy that many feel pushes the boundaries of fairness in the this is not the first time a company has emphasised working extra hours. One of the key comments came from Infosys co-founder Narayana Murthy, who said that one should work 70 hours a week. Last year, he also stated that he does not believe in work-life balance. As toxic as it may sound, he stayed firm on his statement even when trying to defend it. He said, "My view has always been that those of us in India who have received so much benefit from the country, from the taxpayer, have an enormous responsibility to work very, very hard to bring a chance for the betterment of life for the poorer sections of the society. Therefore, I don't regret it." But he is not the only one believing the same. Earlier this year, L&T Chairman SN Subrahmanyan suggested that employees should work even on Sundays. "What do you do sitting at home? How long can you stare at your wife?' he asked, jokingly urging people to 'get to the office.' The offhand comment turned into a full-blown and still ongoing debate on whether the 9-to-5 routine should be stretched and what it would mean for work-life balance.
