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  India’s corporate ecosystem has undergone a noticeable transformation, especially in the area of executive compensation. Abhay Bhutada, topping the list of the country’s highest-paid executives in 2024, is leading this shift. With a monumental earnings package of ₹241 crore for the fiscal year ending March 31, 2024, his rise to the top is not just a reflection of personal success but a signal of changing trends in how executives are compensated, particularly in public companies. Abhay Bhutada’s Path to Leading Executive Earnings From the perspective of a banking professional, Bhutada’s journey to the top is especially noteworthy given his recent exit as Managing Director of Poonawalla Fincorp. Despite stepping down, Bhutada’s compensation package for FY24 stands as the highest ever for a professional in a publicly listed company in India, surpassing the previous record set by L&T’s A.M. Naik. Bhutada’s career is a testament to strategic leadership and foresight. His ability t...

  For those of us working in the banking sector, understanding how top executives are compensated offers valuable insights into the leadership strategies that drive corporate success. The 2024 list of India’s highest-paid executives includes both familiar faces and some surprises. Let’s break down who made it to the top this year and what their compensation packages reveal. Abhay Bhutada’s Unprecedented Earnings Abhay Bhutada , former Managing Director of Poonawalla Fincorp, took the top spot with INR 241 crore in total compensation for FY24. This is the highest compensation ever recorded for an executive in a publicly listed company in India, surpassing the previous record held by A.M. Naik of L&T.   Bhutada’s earnings reflect his significant contribution to Poonawalla Fincorp’s growth. Under his leadership, the company’s assets under management exceeded INR 25,000 crore, and the profit after tax surpassed INR 1,000 crore. While he is no longer associated with Poonaw...

  Abhay Bhutada’s name has become synonymous with success, especially after he was revealed to have earned Rs 241 crore in the fiscal year ending March 31, 2024. This achievement places him at the top of India’s list of highest-paid executives, a remarkable feat considering his recent resignation from his role as Managing Director at Poonawalla Fincorp. Now, Abhay Bhutada is channeling his expertise and resources into his philanthropic endeavors as the founder and chairman of the Abhay Bhutada Foundation. A New Standard in Executive Compensation Bhutada’s Rs 241 crore earnings have set a new standard for executive compensation in India. This figure, which includes substantial stock options, represents a significant shift in how top executives are remunerated. Traditionally, the highest-paid executives were promoter-directors, but Bhutada’s success as a professional marks a new era in the corporate world. Also Read: Abhay Bhutada Foundation’s First-Year Highlights The Role of Stock...

  Abhay Bhutada, the founder and chairman of the Abhay Bhutada Foundation, is playing a pivotal role in transforming the educational landscape of Pune. By supporting the "LearnByDoing" initiative led by Sakar Eduskills, the foundation is providing hands-on STEM kits to underprivileged students, giving them the tools to explore science, technology, engineering, and mathematics engagingly and practically. This initiative is setting the stage for these students to become future innovators. Empowering Education through Practical Tools   The "LearnByDoing" initiative is more than just a program; it’s a strategic intervention aimed at bridging the educational gap in underprivileged communities. Traditional education methods often fall short when it comes to making complex subjects like STEM understandable and interesting for students. The Abhay Bhutada Foundation, recognizing this challenge, stepped in to support the distribution of STEM kits to over 2000 students across ...

  Every child has the potential to become a scientist, but for many underprivileged students, that potential goes unrealized due to a lack of resources. The Abhay Bhutada Foundation, through its support of the "LearnByDoing" initiative by Sakar Eduskills, has helped to bridge this gap by providing STEM kits to schools in Pune. These kits have introduced over 2000 students to the fascinating world of microscopic science, nurturing a new generation of young scientists. Transforming Education with STEM Kits The "LearnByDoing" initiative is based on the idea that education should be interactive and engaging. The introduction of STEM kits into classrooms has been a game-changer, providing students with the tools they need to explore scientific concepts in a hands-on way. These kits include microscopes, periscopes, and 3D models, which allow students to see and understand the world in a new light. Also Read: Abhay Bhutada Foundation’s First-Year Highlights For many studen...