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India's 10 best paid CEOs!

September 16, 2008

Onkar S Kanwar

Age: 66 years

Designation: Chairman and managing director

Remuneration for 2008: Rs 15.54 crore (Rs 155.4 million)

Group: Apollo

Other companies: Apollo Tyres Ltd, Apollo Tyres KFT, Dunlop Tyres International

Background: Kanwar has successfully led Apollo Tyres (he inherited the initial business from his father Raunaq Singh) for over 27 years. Under his leadership, Apollo has not only witnessed a turn around but has also emerged as a market leader.

A science and administration graduate from the University of California, Kanwar is also immediate past president, Federation of Indian Chambers of Commerce & Industry, and past president, International Chamber of Commerce, Automotive Tyre Manufacturers' Association and former director, Export Credit Guarantee Corporation of India.

Image: Prime Minister Manmohan Singh lights a traditional oil lamp as the then Ficci president Onkar S. Kanwar looks on. | Photograph: Raveendran/AFP/Getty Images

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