The remuneration paid to Mahindra & Mahindra (M&M) Managing Director Pawan Goenka overtook that of Chairman Anand Mahindra last year as the company reported a double digit growth in net profit. Goenka's remuneration (salary and commission) during 2017-18 increased to Rs 8.70 crore, a rise of 17.73 percent, while that of Mahindra increased by 4.69 percent to Rs 8.03 crore, according to details provided by M&M.
But a managing director getting paid more than a company's chairman is not an unusual occurrence in the automotive industry.
Bajaj Auto Managing Director Rajiv Bajaj draws a remuneration that is higher than that of his father Rahul Bajaj, who is still the chairman of the company.
Similarly, Tata Motors MD and CEO Guenter Butschek gets paid more than than the company's Chairman N Chandrasekaran. The same is the case with Eicher Motors MD and CEO Siddhartha Lal.

The remuneration paid to Mahindra & Mahindra (M&M) Managing Director Pawan Goenka overtook that of Chairman Anand Mahindra last year as the company reported a double digit growth in net profit. Goenka's remuneration (salary and commission) during 2017-18 increased to Rs 8.70 crore, a rise of 17.73 percent, while that of Mahindra increased by 4.69 percent to Rs 8.03 crore, according to details provided by M&M.
But a managing director getting paid more than a company's chairman is not an unusual occurrence in the automotive industry.
Bajaj Auto Managing Director Rajiv Bajaj draws a remuneration that is higher than that of his father Rahul Bajaj, who is still the chairman of the company.
Similarly, Tata Motors MD and CEO Guenter Butschek gets paid more than than the company's Chairman N Chandrasekaran. The same is the case with Eicher Motors MD and CEO Siddhartha Lal.