SN Subrahmanyan, the Chairman and Managing Director of L&T, saw his total salary for the fiscal year 2023-24 surge to Rs 51 crore, marking a significant 43.11% increase from the previous year. This includes a base salary of Rs 3.6 crore, Rs 1.67 crore in prerequisites, and a substantial commission of Rs 35.28 crore. Additionally, he received Rs 10.5 crore as retirement benefits. The CMD’s salary stands at 534.57 times the median salary of L&T employees, which was Rs 9.55 lakh for the fiscal. Former non-executive chairman AM Naik, who retired in September 2023, received Rs 1.69 crore as salary and Rs 1.5 crore as pension during the year.
L&T CMD’s Salary Jumps 43% to Rs 51 Crore in 2023-24
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