Rs 76 crore pay for L&T boss: Chairman Subrahmanyan’s remuneration jumps 50% after ESOP windfall in FY25

Larsen & Toubro (L&T) Chairman and Managing Director S N Subrahmanyan saw his remuneration rise by nearly 50% in the financial year 2024–25, largely due to gains from stock options.

According to the company’s latest annual report, Subrahmanyan received a total compensation of Rs 76.25 crore in FY25, up from Rs 51.05 crore in FY24. The sharp increase was attributed to employee stock options (ESOPs) exercised during the year, valued at Rs 15.88 crore. Notably, no ESOPs were exercised by him in the previous financial year.

The report also detailed the pay packages of other top executives. Whole-time Director and Chief Financial Officer R Shankar Raman earned Rs 37.33 crore in FY25. Deputy Managing Director and President Subramanian Sarma received Rs 44.55 crore for the same period.


The annual report highlighted that the remuneration of key managerial personnel reflects the company’s strong performance, and the rewards are in line with industry benchmarks.

Inputs from PTI