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The highest paid CEOs in India

February 17, 2009

Mohan Lal Bhartia

Rank: No 19

Company: India Glycols Limited

Designation: Former chairman and managing director

Compensation: Rs 10.81 crore (Rs 108.1 million)

India Glycols market cap: Rs 150.52 crore (Rs 151 billion)

About: M L Bhartia passed away on March 10, 2008. Till his death, he was the chairman and managing director of the company.

Bhartia established his family's business in Calcutta shortly after partition, focusing on basic manufacturing.

In 1978, the Bhartias established Vam Organics. Ten years ago, ML Bhartia and his son Uma Shankar (who is now India Glycol's CMD), set out on their own. Bhartia's other sons, Shyam and Hari, remained with Vam, which underwent a makeover and became Jubilant Organosys.

India Glycols Limited is one of the leading manufactures of glycols, ethoxylates and PEGs, performance chemicals, glycol ether and acetates, guar gum and potable alcohol. It is the first and only company in the world to produce ethylene oxide/ mono ethylene glycol through a renewable agro route based on molasses since 1989.

Image: How India Glycols Limited products are used

Also read: How good HR practices can save a company

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