Yashish Dahiya – PB Fintech
Yashish Dahiya, cofounder, chairman, and group CEO of PB Fintech (PolicyBazaar), led the million-dollar CXO list in FY25 with Rs 641.3 crore compensation, mostly from exercised stock options, highlighting the growing trend of founder pay as strategic retention.
Gunender Kapur – Vishal Mega Mart
Gunender Kapur of Vishal Mega Mart earned Rs 598.5 crore in FY25, securing the second spot among India’s highest-paid CXOs.
Alok Bansal – PB Fintech
Alok Bansal, cofounder and executive vice-chairman of PB Fintech, ranked third with Rs 247.9 crore, largely driven by exercised ESOPs, demonstrating how new-age founders leverage equity-linked incentives to ensure continuity and commitment to business growth.
Sandeep Kalra – Persistent Systems
Sandeep Kalra of Persistent Systems received Rs 148.1 crore in FY25, placing fourth among top-paid CXOs.
Pawan Munjal – Hero MotoCorp
Pawan Munjal, chairman and managing director of Hero MotoCorp, earned Rs 109.4 crore in FY25.
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