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The highest paid CEOs in India

February 17, 2009

Pankaj Ramanbhai Patel

Rank: No 12

Company: Cadila Healthcare Limited

Designation: Managing director

Compensation: Rs 14.43 crore (Rs 144.3 million)

Cadila Healthcare market cap: Rs 3,331.54 crore (Rs 33.32 billion)

About: Under Patel's leadership, Cadila posted a turnover of over Rs 2,300 crore (Rs 23 billion) in 2007-08.

In 2004, Patel was included by Forbes in its annual list of India's richest people. Forbes estimated Patel's net worth at $ 510 million, making him India's 26th richest person.

Patel also serves as director of Onconova Therapeutics, Inc. He is involved in many charitable activities and serves as the regional representative of the WHO's South East Asia region. He is a member of the executive committee of the Indian Drug Manufacturers Association.

Image: Cadila research centre

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