The Chairman and Managing Director of Larsen & Toubro (L&T), SN Subrahmanyan, has seen a notable increase in his remuneration, exceeding the ₹100 crore benchmark for the first time.
His total compensation for FY26 reached ₹120.84 crore, a significant jump propelled by commissions and Employee Stock Option Plan (ESOP) gains.
SN Subrahmanyan's salary has experienced substantial growth over the past 2 years. It doubled over this period, reflecting a 59% hike in FY26 alone.
This considerable increase is a result of enhanced performance-based incentives alongside ESOP gains.
This development places Subrahmanyan among India's highest-paid corporate executives. His rise in remuneration is in line with a broader trend observed across major listed companies in India, where compensation packages have seen significant surges.
The remarkable augmentation in Subrahmanyan's pay can largely be attributed to commissions and ESOPs that play a pivotal role in his overall compensation structure.
This structured increase in earnings outlines L&T's rewarding system for its senior executives, aligning their incentives with organisational performance.
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The significant increase in Subrahmanyan's salary highlights the earnings potential for top executives within large conglomerates like L&T.
This may reflect the company's thriving financial health and its approach to retaining top-tier talent by offering lucrative rewards and incentives.
While the company's fiscal performance has not been overshot, it is implied that the considerable compensation rise aligns with its strategic objectives and growth trajectory.
The company remains a stalwart in the engineering, procurement and construction sectors, further justifying the lucrative packages offered to its leadership.
As of May 22, 2026, at 10:10 AM, Larsen & Toubro share price on NSE was trading at ₹3,935.80 up by 0.19% from the previous closing price.
The elevation of SN Subrahmanyan's remuneration, surpassing ₹100 crore, mirrors the growing trend of high executive compensation in India's leading corporations. This rise is reflective of L&T's strategic reward mechanisms, aligning executive earnings with company performance.
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Published on: May 22, 2026, 11:34 AM IST
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