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The highest paid CEOs in India

February 17, 2009

Naveen Jindal

Rank: No 7

Company: Jindal Steel & Power Limited

Designation: Executive vice chairman and managing director

Compensation: Rs 16.93 crore (Rs 169.3 million)

Jindal Steel & Power market cap: Rs 15,754.20 crore (Rs 157.54 billion)

About: Jindal transformed JSPL from a moderately performing company to a star performer in the steel sector. He decided to acquire coal and iron ore mines, thereby making JSPL self-sufficient in the key raw materials needed for steel manufacture. Today, JSPL has the world's largest coal-based sponge iron capacity.

Jindal fought a legal case to earn Indian citizens the right to freely fly the national flag; this right was upheld by the Supreme Court in January 2004.

An MP from Kurukshetra (Haryana), he took up the initiative to ensure that the smoking ban was implemented in Parliament.

Jindal is an avid sportsperson and a national record holder in skeet shooting. He led the Indian team to the silver medal at the SAF Games in Pakistan in 2004. He has also captained his polo team to victory at the Indian Polo Association Championship in 2003 and 2004.

Image: Naveen Jindal

Also read: Has organised retail lost the plot?

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