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New Delhi: S. N. Subrahmanyan, the chairman and managing director of multinational conglomerate company Larsen and Toubro (L&T), saw his remuneration jump 51 percent to exceed Rs 76 crore in the fiscal year 2025, FY25. The surge is attributed to ESOPs (Employee Stock Ownership Plan). He exercised his ESOP option, which he didn't exercise in the previous fiscal year, thereby causing a significant uptick in salary as per the company’s latest annual report.
ESOP stands for Employee Stock Ownership Plan, which is a benefit plan for employees. It gives employees the option to purchase the company shares at a discounted price. It is not a direct salary but instead an incentive to motivate employees and their retention.
For FY25, the company report says that S.N. Subrahmanyan's total remuneration stands at Rs 76.25 crore, surging 51 percent from Rs 51 crore in the previous fiscal year. The amount coming from ESOP stands at Rs 15.88 crore of the total salary. The said amount came to him courtesy of him exercising the option of ESOPs in the current fiscal year. The ESOP benefit was not available to him in the previous fiscal year.
L&T's consistent growth and a stable balance sheet are among the reasons for an increased paycheck, showing the company is headed towards growth and is confident of its future trajectory.
The annual report also furnishes the detail about the remuneration of other top C-suite executives. R Shankar Raman, Chief Financial Officer and Whole-Time Director, draws a salary of Rs 37.33 crore, while Deputy Managing Director Subramanian Sarma receives a compensation of Rs 44.55 crore. These salary figures shows the company's strategy of aligning leadership rewards with the performance and aligns with the market standards.
