Top-level executive salaries vs pay ratio at Indian listed companies

Note: *Remuneration is generally from a table titled “Remuneration of Directors and Key Managerial Personnel." Sometimes, it is also reported along with the pay ratio. It does not include stock options; **Until 31.12.19. To calculate the pay ratio, the report uses Rs12.92 as his remuneration because he retired in December; *** Rs20.77 crore includes “Others" Employment contribution to provident and other funds." The pay ratio uses Rs14.4 crore.