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This is an archive article published on October 29, 2012

NSE tops bourse CEO salary chart

NSE MD and CEO Ravi Narain rose to Rs 4.1 crore in 2011-12.

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Chiefs of leading stock exchange NSE and the top commodity bourse MCX have topped the executive salary charts of their businesses,getting hike of nearly 6 per cent in last fiscal.

Among the stock exchanges,the net pay package of National Stock Exchange NSE MD and CEO Ravi Narain rose to Rs 4.1 crore in 2011-12,from Rs 3.85 crore in the previous fiscal,as per the bourses latest annual report.

In comparison,the remuneration of BSEs then chief Madhu Kannan stood at Rs 1.69 crore last fiscal,down from Rs 2.04 crore in 2010-11. Earlier this year,Kannan left the exchange.

MCX-SX,which is currently present only in currency derivatives and is gearing up to launch equity and other trading platforms,paid its managing director and CEO Joseph Massey a total remuneration of Rs 1.8 crore in 2011-12,unchanged from the previous year. The gross remuneration of NSEs Narain stood at Rs 7.88 crore in 2011-12,up from Rs 7.35 crore in the previous year.

 

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