Embattled Sun Pharma’s Dilip Shanghvi, with Rs 1 salary, ranks among lowest-paid pharma CEOs

The helmsman of Indian’s largest drugmaker just landed among the poorest-paid of his peers—and significantly behind his firm’s median-paid employee.

Sun Pharma’s managing director, Dilip Shanghvi, took a huge 99% pay cut for the fiscal year ended March, despite the firm’s sales and net profit gains. The plunge came as Sun’s leadership was recently embroiled in allegations of dubious corporate governance practices.