Top 5 Highest-Paid Individuals In India's FMCG Sector

In the dynamic world of business, where startups and entrepreneurial ventures often grab headlines, the consistent performance and leadership of seasoned employees in established are often overlooked.

These leaders, steering the ship of some of India’s most renowned FMCG companies, have not only showcased exemplary leadership but have also been aptly rewarded for their efforts. Here’s a look at the top five highest-paid individuals in India’s FMCG sector.

1. Saugata Gupta, Marico

Retaining his spot as the highest-paid CEO in the FMCG sector is Marico’s MD and CEO Saugata Gupta. For the year ended March 2023, Gupta’s salary was ₹25.10 crore. It is however a 25% cut from the ₹36.10 crore he took home in FY22 (April 2021-March 2022). A bulk of that ₹36.10 crores was from exercised stock op[tipn of around ₹22 crores. Gupta who joined the company in 2004 as the Head of Marketing was elevated to CEO of India Business in 2007.

2. Sanjiv Mehta, Hindustan Unilever

At the top of the list, is Sanjiv Mehta who ran India’s biggest FMCG firm, Hindustan Unilever. For the year ended March 2023, Mehta’s salary stood at ₹22.36 crore. This is a 15.4% increase from the ₹19.4 crore salary he drew in the year-ago period. Mehta retired from the post of Chairman and MD earlier this year in June after an illustrious three-decade-long career with the FMCG giant. He was succeded by Rohit Jawa.

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3. PD Narang, Dabur India

Dabur India’s Group Director, PD Narang took home ₹15.03 crore for the year ended March 2023. However, his salary dropped by around 10% from the ₹16.7 crore reported for the year ended March 2022. Narang, who has over 40 years of experience in the finance sector joined the Dabur Group in 1983 as a Management Accountant.

4. Sudhir Sitapati, Godrej Consumer Products

Dabur India’s CEO Sudhir Sitapati took home ₹14.4 crore in FY23 (April 2022-March 2023). This was a multifold increase from the ₹2.7 crore salary he drew in FY22. Sitapati, who joined the company as MD and CEO in 2021, was working as the Executive Director – Foods and Refreshments at Hindustan Unilever.

5. Mohit Malhotra, Dabur India

Following him is Mohit Malhotra who is the CEO of Dabur India. Malhotra made ₹13.35 crore for the year ended March 2023. His salary also took a minor hit, going down around 8.5% from the ₹14.60 crore salary he took in the year-ago period. Malhotra who has been with the company for over 25 years was appointed CEO in 2019.

Read Next: Top 10 Highest-Paid CEOs In India

^{Source- Annual Reports of the companies and Trendlyne.}