Larsen & Toubro L&T chairman SN Subrahmanyan earned ₹51 crore in FY24. It is 534.57 times the median salary of the company’s employees. Here is a detailed outline of the same:
Breakdown of SN Subrahmanyan’s ₹51 Crore Salary
As per L&T’s Integrated Annual Report for 2023-24, the salary components of SN Subrahmanyan are detailed below:
- Salary: ₹3.60 crore
- Perquisites: ₹1.67 crore
- Retirement Benefits: ₹10.50 crore
- Commission: ₹35.28 crore
His total remuneration of ₹51.05 crore marks a 43.11% increase compared to the previous year. L&T chairman Subrahmanyan faced criticism for promoting 90-hour workweeks during an employee engagement session. In an undated video, he expressed regret that employees did not work on Sundays and dismissed the importance of home life, stating that the Chinese work ethic was a benchmark for success.
This drew sharp backlash from social media users and public figures like Deepika Padukone and Harsh Goenka. Critics highlighted the disparity between Subrahmanyan’s comfort and the work-life balance expected of L&T employees.
In response, L&T issued a statement emphasizing its commitment to India’s development and asserting that Subrahmanyan’s comments align with the company’s vision of achieving remarkable success. While L&T’s aspirations for excellence are commendable, the backlash underscores the importance of balancing employee well-being with professional goals.
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