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Many companies opened the floodgates for what they paid their leaders in 2021.

Last year’s highest package at LSR was at the same level but for an international role based in Singapore for a multinational lender.

Then there are inhouse IT-support companies that recruit people to develop, manage and support their own IT systems.

The average salary offered by the private sector this year touched Rs 12.17 lakh per annum against last year’s Rs 10.57 lakh per annum.

The sceptic in you may have questioned the veracity of these astronomical starting salaries but there was no way to find out the truth.