News: New CEO of MCX to get salary of over Rs. 3 cr a year

Compensation & Benefits

New CEO of MCX to get salary of over Rs. 3 cr a year

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.

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.

Read full story

Topics: Compensation & Benefits, #Corporate, #TotalRewards, #Current

Did you find this story helpful?

Author


QUICK POLL

Post-COVID, which aspect of work will technology impact the most?

2 months free subscription
q_auto,f_auto/v1596198837/mag-august-2020.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

Interested in daily dose of short & crisp insights from the world of work?