MCX's new CEO Manoj Vaish will get an annual remuneration of over Rs. 3 crore. While the bourse, the first and the only listed one in India, sees its profits plummet to a record low level since listing, Vaish has been appointed with a gross pay package of about Rs. 3.25 crore, according to exchange documents. This amount is more than double the remuneration paid to his predecessor Shreekant Javalgekar at Rs.1.4 crore for 2012-13, as mentioned in the exchange's latest annual report.
Read the Hindu Business Line news report here.