The Uppercrust

The upper crust (Wealth in ~ crore)

Ashwin Dani Uday Kotak Gautam S Adani Shashi Ruia Desh Bandhu Gupta and partners Kotak Mahindra Bank Adani Ports and family Lupin Asian Paints Jan 2015: 41,693 Jan 2015: 43,721 Essar Oil Jan 2015: 30,577 6 Jan 2015: 41,999 7 Jan 2016: 42,408 8 Jan 2016: 41,556 9 Jan 2015: 16,369 10 Jan 2016: 36,060 Jan 2016: 44,039 Jan 2016: 38,805

1 Mukesh Ambani 18 Adi Godrej 35 K P Singh 52 Ramamurthy Thyagarajan 69 Achal Anil Bakeri 86 Bhadresh K Shah Reliance Industries Godrej Industries DLF Shriram Transport Finance Symphony Welcast Steels 123,135 142,490 22,912 27,212 19445 13,904 11,005 8,050 5,525 5,754 6,318 4,805 2 Dilip Shanghvi 19 P V Ramaprasad Reddy 36 Meeta & Vinu Dhingra 53 Purushottam B Agrawal 70 Naveen Jindal 87 Virendra D Mhaiskar Sun Pharma Aurobindo Pharma Berger Paints Ajanta Pharma Jindal Steel & Power IRB Infrastructure 116,940 110,258 18,254 26,126 11,791 13,283 6,342 8,032 10,815 5,689 5,052 4,767 3 Azim Premji 20 Pankaj R Patel 37 Reddy family 54 Murugappa family* 71 Shroff Family Wipro Cadila Healthcare Dr Reddy's Labs Coromandel International UPL 88 B L Taparia 103,637 99,614 27,528 26,007 14,043 12,875 7,108 7,948 4,858 5,596 Supreme Industries 3,940 4,682 4 Sunil Mittal 21 Siddhartha Lal 38 H F Khorakiwala 55 Shyam S Bhartia & 72 P K Jain & Family Bharti Airtel Eicher Motors Wockhardt Hari S Bhartia Gujarat Fluorochemicals 89 Sajjan Bhajanka & 94,797 81,626 22,822 24,773 8,826 11,480 Jubilant Life Sciences 7,802 5,395 Sanjay Agarwal 6,102 7,696 5 Shiv Nadar 22 Anil Agarwal 39 Kalanithi Maran 73 M G George Muthoot Century Plyboards HCL Technologies Vedanta Sun TV Network 56 B K Goenka Muthoot Finance 4,260 4,627 69,430 71,911 55,488 24,480 11,357 11,439 Welspun India 6,188 5,375 3,355 7,642 90 Gautam Thapar 6 Ashwin Choksi, Ashwin Dani, 23 B G Bangur & H M Bangur 40 Anil Rai Gupta 74 Madhu Singhal Crompton Greaves Abhay Vakil Shree Cement Havells India 57 Ramachandra & Jayadev Galla PI Industries 4,577 4,473 Asian Paints 22,467 23,500 10,426 11,364 Amara Raja Batteries 4,162 5,253 41,999 44,039 7,436 7,392 91 Satyanarayan Nuwal 24 Sudhir Mehta 41 Samprada Singh 75 G M Rao 7 Uday Kotak Torrent Pharma Alkem Laboratories 58 Sunder Genomal & family GMR Infrastructure Solar Industries Kotak Mahindra Bank 18,085 22,353 IPO 11,325 Page Industries 6,327 5,239 3,920 4,450 41,693 42,408 6,584 7,313 25 B K Parkeh 42 Rajesh Jasvantrai Mehta & family 76 RPG Group - Harsh Goenka** 92 Shishir & Kushagra Bajaj 8 Gautam S Adani Pidilite Industries Rajesh Exports 59 Prathap Reddy Ceat Bajaj Corp Adani Ports 19,999 19,738 2,444 11,297 Apollo Hospitals 3,770 5,212 4,633 4,448 43,721 41,556 5,877 6,856 26 Nusli Wadia 43 Glenn Saldanha 77 RP-Sanjiv Goenka Group*** 93 Vijay Mallya 9 Shashi & Ravi Ruia Britannia Industries Glenmark Pharma 60 J H & Y H Dalmia CESC United Spirits Essar Oil 14,451 19,688 9,618 10,827 Dalmia Bharat 6,366 5,140 16,369 38,805 4,716 6,457 4,819 4,423 27 Hinduja Brothers (Srichand, 44 Rakesh Jhunjhunwala & family 78 Analjit Singh 10 Desh Bandhu Gupta Gopichand, Prakash & Ashok) Rare Enterprises 61 Anu Aga Max India 94 K M Mammen Lupin IndusInd Bank 10,548 10,332 Thermax 4,530 5,018 MRF 30,577 36,060 14,790 19,338 7,920 6,392 4,496 4,381 45 Rajan Raheja 79 S D Shibulal & family 11 Rakesh Gangwal 28 Brijmohan Lall family Prism Cement 62 Rana Kapoor & Madhu Kapur Infosys 95 Shilpa D Poddar InterGlobe Aviation Hero MotoCorp 13,172 9,555 Yes Bank 4,730 5,009 Balkrishna Industries IPO 35,749 22,271 19,265 7,534 6,317 46 Malvinder & 80 K Dinesh & family 4,373 4,365 12 Kumar Mangalam Birla 29 Sajjan Jindal Shivinder Singh 63 Chirayu R Amin Infosys 96 Arun Bharat Ram UltraTech Cement JSW Steel Religare Enterprises Alembic Pharma 4,706 4,983 38,444 35,236 21,200 18,178 7,285 9,108 4,773 6,308 SRF 81 V C Nannapaneni 3,174 4,304 13 Burman family 30 Yusuf Hamied 47 N R Narayana Murthy & family 64 Kiran Mazumdar-Shaw Natco Pharma Dabur India Cipla Infosys Biocon 2,577 4,956 97 Sanjeev Bikhchandani 29,162 30,683 19,192 17,997 8,259 8,746 5,227 6,288 Info Edge (India) 82 Kishore Biyani 14 Keshub Mahindra 31 Harsh C Mariwala 48 Ajay Piramal 65 Vikas Oberoi Future Retail 4,385 4,285 Mahindra & Mahindra Marico Piramal Enterprises Oberoi Realty 3,661 4,920 98 Mukund Lal Dua & 31,081 28,218 14,308 17,966 7,666 8,730 6,829 6,231 83 Irfan Razack Ramesh Kumar Dua 15 Anil Ambani 32 R S Goneka & R S Agarwal 49 S Gopalakrishnan & family 66 Krishna Kumar Modi Prestige Estates Projects Relaxo Footwear Reliance Communications Emami Infosys Godfrey Phillips 6,521 4,905 3,051 4,202 29,723 27,805 14,255 16,640 8,187 8,670 2,931 5,950 84 Atul Nishar 99 Ramesh Chandra Agarwal 16 Subhash Chandra 33 Murali Krishna Prasad Divi 50 Baba Kalyani 67 Sanjay S Lalbhai Hexaware Techno DB Corp Zee Entertainment Divis Laboratories Bharat Forge Arvind 4,587 4,892 5,096 4,085 24,531 27,708 117,89 15,299 9,600 8,547 5,000 5,935 85 Padam Chand Gupta & 17 Rahul Bajaj 34 Vivek Chaand Sehgal 51 Sameer Gehlaut 68 Nandan Nilekani & family Balram Garg 100 TT Jagannathan Bajaj Auto Motherson Sumi Systems Indiabulls Real Estate Infosys PC Jeweller TTK Prestige 25,335 27,247 16,099 14,146 7,053 8,409 5,498 5,822 2,956 4,845 3,373 4,066

January 2015 January 2016

Methodology: A value of holdings of each promoter in the groups listed companies taken after deducting the value of holdings (cross holdings and subsidiaries) held by various *The Murugappa Group is governed by the Murugappa Corporate Board (MCB), headed by A Vellayan as its Executive Chairman listed companies in other listed companies of the group * * R P Goenka group of companies is controlled by Harsh Goenka *** R P Goenka group of companies is controlled by Sanjiv Goenka

37 Navin Agarwal > FY 2013-14 8.76 Torrent Pharma, Executive > FY 2014-15 9.01 > FY 2013-14 7.78 Highest paid CEOs Vedanta, Executive Chairman > FY 2014-15 12.22 Vice-chairman 75 Balu Ganesh Ayyar > FY 2014-15 8.12 (Annual compensation, ~ crore) > FY 2013-14 6.25 50 Raghupati Singhania > FY 2013-14 7.53 Mphasis, CEO 89 K K Maheshwari > FY 2014-15 14.12 JK Tyres & Industries, CMD > FY 2014-15 10.02 > FY 2013-14 4.44 Grasim Industries, MD 1 Kalanithi Maran 13 A M Naik 25 N V Ramana 38 Yogesh Chander Deveshwar > FY 2013-14 7.74 63 Sharvil P Patel > FY 2014-15 8.88 > FY 2013-14 8.35 Sun TV Network, Executive Larsen & Toubro, Divis Laboratories, ITC, Chairman > FY 2014-15 12.20 Cadila Healthcare, Deputy MD 76 R R Mandawewala > FY 2014-15 8.05 Chairman Group Chairman Executive Director > FY 2013-14 11.28 51 Satish Pai > FY 2013-14 8 Welspun India, MD 90 Bharat K Sheth > FY 2013-14 59.89 > FY 2013-14 28.41 > FY 2013-14 17.18 > FY 2014-15 13.85 Hindalco Industries, Deputy MD > FY 2014-15 10 > FY 2013-14 1.75 Great Eastern Shipping, > FY 2014-15 61.27 > FY 2014-15 27.31 > FY 2014-15 18.20 39 K Venkataramanan > FY 2013-14 0.0000 64 Ravi PNC Menon > FY 2014-15 8.86 Deputy Chairman & MD 2 Kavery Kalanithi 14 Neeraj Kanwar 26 Rahul Khosla Larsen & Toubro, MD & CEO > FY 2014-15 12.17 Sobha, Chairman 77 Gautam Hari Singhania > FY 2013-14 6.36 Sun TV Network, Executive Apollo Tyres, Vice-chairman Max India, Chairman > FY 2013-14 13.12 52 Nikhil R Meswani > FY 2013-14 8.99 Raymond, CMD > FY 2014-15 8.02 Director & Joint MD > FY 2013-14 8.50 > FY 2014-15 13.59 Reliance Industries, > FY 2014-15 9.75 > FY 2013-14 1.77 91 Vikrampati Singhania > FY 2013-14 59.89 > FY 2013-14 14.21 > FY 2014-15 18.10 40 Subhanu Saxena Executive Director 65 Satish Reddy > FY 2014-15 8.83 JK Tyre & Industries, Deputy > FY 2014-15 61.26 > FY 2014-15 27.30 27 B N Kalyani Cipla, MD & CEO > FY 2013-14 12.12 Dr Reddy's Laboratories, 78 Himanshu Kapania MD 3 Pawan Kant Munjal 15 Sunil Bharti Mittal Bharat Forge, CMD > FY 2013-14 21.69 > FY 2014-15 12.03 Chairman Idea Cellular, MD > FY 2013-14 4.60 > > > Hero MotoCorp, CMD & CEO Bharti Airtel, Chairman > FY 2013-14 12.53 FY 2014-15 13.31 53 Hital R Meswani FY 2013-14 11.46 > FY 2013-14 9.33 FY 2014-15 7.99 > > FY 2013-14 37.88 > FY 2013-14 23.88 > FY 2014-15 17.65 41 Adi B Godrej Reliance Industries, FY 2014-15 9.66 > FY 2014-15 8.78 92 Deepak Parikh > FY 2014-15 44.62 > FY 2014-15 27.18 28 Shiv Nadar Godrej Consumer Products, Executive Director 66 Shri Paul Oswal 79 Sunil D Mathur Clariant Chemicals, 4 Kumar Mangalam Birla 16 H M Bangur HCL Technologies, CMD Chairman & Whole-time > FY 2013-14 12.11 Vardhman Textiles, CMD Siemens, MD & CEO Vice-chairman & MD Director > FY 2014-15 12.03 > FY 2013-14 18.69 > FY 2013-14 4.89 Grasim Industries, Ultratech Shree Cement, MD > FY 2013-14 12.07 > FY 2013-14 7.14 > FY 2013-14 9.46 > FY 2014-15 9.60 > FY 2014-15 7.91 Cement, Hindalco, Aditya Birla > FY 2013-14 22.59 > FY 2014-15 16.63 54 Ajay G Piramal > FY 2014-15 8.69 Nuvo, Idea Cellular, Chairman > FY 2014-15 26.25 > FY 2014-15 13.18 Piramal Enterprises, 29 Kamal K Sharma 67 Prashant Bangur 80 Dipali Goenka 93 Shailendra Roy > FY 2013-14 38.97 42 G V Prasad Chairman Shree Cement, Whole-time Larsen & Toubro, Whole-time 17 Sameer Gehlaut Lupin, Vice-chairman Welspun India, Joint MD > FY 2014-15 44.56 Indiabulls Financial Services, > FY 2013-14 13.47 Dr Reddy's Laboratories, > FY 2013-14 6.30 Director Director > FY 2013-14 1.50 5 Brijmohan Lall Munjal Whole-time Director > FY 2014-15 16.61 Vice-chairman, MD & CEO > FY 2014-15 11.72 > FY 2013-14 7.46 > FY 2013-14 7.98 > FY 2014-15 8.61 Hero MotoCorp, Chairman > FY 2013-14 29.61 > FY 2013-14 10.95 55 Rajnikant D Shroff, > FY 2014-15 9.52 > FY 2014-15 7.90 30 Prathap C Reddy 81 Zubair Ahmed > FY 2013-14 36.98 > FY 2014-15 24.49 > FY 2014-15 12.93 UPL, CMD 68 M V Kotwal 94 Ashok Chaturvedi Apollo Hospitals GSK Consumer Healthcare, MD > FY 2014-15 44.19 18 D Bhattacharya Enterprises, 43 Vivek Gambhir > FY 2013-14 9.39 Larsen & Toubro, Whole-time Uflex , CMD > FY 2013-14 10.79 6 Sunil Kant Munjal Hindalco Industries, MD Executive Chairman Godrej Consumer Products, MD > FY 2014-15 11.34 Director > FY 2013-14 6.98 > FY 2014-15 8.58 Hero MotoCorp, Joint MD > FY 2013-14 21.06 > FY 2013-14 15.05 > FY 2013-14 6.72 56 Rahul Bajaj > FY 2013-14 9.50 > FY 2014-15 7.77 82 Glenn Saldanha > FY 2013-14 35.978 > FY 2014-15 21.59 > FY 2014-15 15.28 > FY 2014-15 12.89 Bajaj Auto, Chairman > FY 2014-15 9.25 95 Mohit Talwar Glenmark Pharma, CMD > FY 2014-15 42.46 19 Chandrasekaran N 31 Mohit Gujral 44 S N Subrahmanyan > FY 2013-14 11.23 69 Akhil Gupta Max India, MD > FY 2013-14 7.27 7 Onkar S Kanwar TCS, MD & CEO DLF, Whole-time Director & CEO Larsen & Toubro, Whole-time > FY 2014-15 11.21 Bharti Infra, Chairman > FY 2013-14 3.64 > FY 2014-15 8.37 Apollo Tyres, CMD > FY 2013-14 18.69 > FY 2013-14 1.92 Director 57 Ajit Gulabchand > FY 2013-14 10.58 > FY 2014-15 7.66 83 Madhur Bajaj > FY 2013-14 30.41 > FY 2014-15 21.28 > FY 2014-15 15.22 > FY 2013-14 13.27 HCC, CMD > FY 2014-15 9.20 96 Henricus Petrus Van Zon Bajaj Auto, Vice-chairman > FY 2014-15 41.71 20 Rajiv Bajaj 32 Mukesh Ambani > FY 2014-15 12.83 > FY 2013-14 10.66 70 Rajiv Verma United Breweries, Director & > FY 2013-14 8.36 8 D B Gupta Bajaj Auto, MD Reliance Industries, CMD 45 S C Mehta > FY 2014-15 10.66 H T Media, Whole-time CFO > FY 2014-15 8.35 Lupin, Chairman > FY 2013-14 18.36 > FY 2013-14 15 Deepak Fertilisers, CMD 58 Sanjiv Bajaj Director & CEO > FY 2013-14 5.40 > FY 2013-14 37.15 > FY 2014-15 20.49 > FY 2014-15 15 > FY 2013-14 12.72 Bajaj Auto,Bajaj Holdings, > FY 2013-14 5.01 84 Arvind Uppal > FY 2014-15 7.58 > FY 2014-15 37.58 21 Ramachandra N Galla 33 Pankaj R Patel > FY 2014-15 12.72 Bajaj Finserv, Director > FY 2014-15 9.17 Whirlpool India, CMD 97 Bhagirath Arya 9 Murali K Divi Amara Raja Batteries, Cadila Healthcare, CMD 46 Vijaylaxmi Poddar > FY 2013-14 8.77 71 Venu Srinivasan > FY 2013-14 5.06 JBF Industries, Executive > FY 2014-15 8.34 Divis Laboratories, CMD Chairman > FY 2013-14 12 Balkrishna Industries, > FY 2014-15 10.47 TVS Motor Company, CMD Chairman > FY 2013-14 33.39 > FY 2013-14 17.60 > FY 2014-15 15 Non-executive Director 59 Malay Mahadevia > FY 2013-14 7.31 85 Anil Gupta > FY 2013-14 5.05 > FY 2014-15 35.41 > FY 2014-15 20.16 34 M B Parekh > FY 2013-14 8.38 Adani Ports, Whole-time > FY 2014-15 9.15 Havells India, CMD > FY 2014-15 7.58 10 Sajjan Jindal 22 Rajiv Poddar Pidilite Industries, > FY 2014-15 12.67 director 72 T K Kurien > FY 2013-14 4.83 98 Sabu M Jacob JSW Steel, JSW Energy, CMD Balkrishna Industries,Joint MD Executive Chairman 47 Premschand Godha > FY 2013-14 3.44 Wipro, Executive Director & > FY 2014-15 8.26 Kitex Garments, CMD > FY 2013-14 26.11 > FY 2013-14 10.15 > FY 2013-14 14.09 Ipca Laboratories, CMD > FY 2014-15 10.39 CEO 86 Sanjay Jayavarthanavelu > FY 2013-14 4.46 > FY 2014-15 35.28 > FY 2014-15 19.70 > FY 2014-15 14.90 > FY 2013-14 13.46 60 Pawan Goenka > FY 2013-14 6.57 Lakshmi Machine Works, CMD > FY 2014-15 7.49 11 Jayadev Galla 23 Chirayu R Amin 35 Naveen Jindal > FY 2014-15 12.56 M & M, Executive Director > FY 2014-15 9.11 > FY 2013-14 7.31 99 P D Narang Amara Raja Batteries, Alembic Pharma, CMD Jindal Steel & Power, Chairman 48 Kiran S Divi > FY 2013-14 2.36 73 Tarun Jain > FY 2014-15 8.24 Dabur India, Whole-time Vice-chairman & MD > FY 2013-14 16.87 > FY 2013-14 36.96 Divis Laboratories, > FY 2014-15 10.38 Vedanta 87 Nilesh Gupta Director > FY 2013-14 29.33 > FY 2014-15 19.63 > FY 2014-15 14.78 President & Director 61 R Shankar Raman Whole-time Director Lupin, MD > FY 2013-14 6.45 > FY 2014-15 33.60 24 P R Ramasubrahmaneya 36 Sanjiv Mehta > FY 2013-14 11.77 Larsen & Toubro, Whole-time > FY 2013-14 0.0000 > FY 2013-14 6.07 > FY 2014-15 7.48 12 Arvind Poddar Rajha Hindusthan Unilever, > FY 2014-15 12.44 Director & CEO > FY 2014-15 9.03 > FY 2014-15 8.24 100 Sunil Duggal Balkrishna Industries, CMD The Ramco Cement, CMD MD & CEO 49 Bharat Hari Singhania > FY 2013-14 10.79 74 Ravi Uppal 88 Keki M Mistry Dabur India, Executive Director > FY 2013-14 16.20 > FY 2013-14 8.12 > FY 2013-14 6.14 JK Lakshmi Cement, > FY 2014-15 10.37 Jindal Steel & Power, MD & CEO HDFC, Vice-chairman, MD & > FY 2013-14 6.43 > FY 2014-15 27.84 > FY 2014-15 18.38 > FY 2014-15 14.17 JK Tyres & Industries, CMD 62 Samir Mehta > FY 2013-14 5.05 CEO > FY 2014-15 7.45

Source: Capitaline. The figures of CEO salary includes salary, commissions, incentives and other benefits as recorded by CapitaLine; Compiled by BS Research Bureau