Mahindra CEO Anish Shah gets 83% hike in salary up to ₹55 lakh per month

Mahindra & Mahindra MD and CEO Anish Shah's basic salary has been revised after approval from the board members. Shah's basic salary scale has been hiked from ₹18-30 lakh per month to ₹30-55 lakh per month, marking a pay hike of up to 83%. Further, his performance pay will not exceed 235% of his annual basic salary, the company said.