What is the salary of Abhay Soi: Chairman & Managing Director at Mastek?

Abhay Soi, the Chairman & Managing Director of Max Healthcare Institute Ltd., has had an impressive salary trajectory over the past few years:

• In 2021, as the Chairman & Managing Director, Abhay Soi received a salary of ₹9.2 Crores¹.
• In 2022, his role transitioned to Chairman & Managing Director, and his salary increased significantly to ₹14 Crores with a remarkable growth rate of 52.4%¹.
• As of 2023, Abhay Soi continues to hold the position of Chairman / Executive Director at Max Healthcare Institute Ltd., with a consistent gross remuneration of ₹14 Crores.

The average annual salaries for various positions at Mastek:

• Senior Software Engineer:
  • Experience: 6-9 years
  • Average Annual Salary: ₹13.2 Lakhs.
• Software Engineer:
  • Experience: 3-10 years
  • Average Annual Salary: ₹4.2 Lakhs.
• Associate Consultant:
  • Experience: 5-9 years
  • Average Annual Salary: ₹4.9 Lakhs.
• Software Specialist:
  • Experience: 7.9-27.0 Lakhs
  • Average Annual Salary: ₹16.6 Lakhs.

Responsibilities and contributions:

• Strategic Leadership:
  • Abhay provides strategic direction to Max Healthcare, shaping its vision, mission, and long-term goals.
  • He oversees the implementation of strategic initiatives to drive growth and enhance operational efficiency.
• Corporate Governance:
  • Abhay ensures compliance with legal and regulatory requirements, maintaining transparency and ethical practices.
  • He collaborates with the board of directors to make informed decisions.
• Financial Stewardship:
  • Abhay manages financial performance, including revenue generation and cost control.
  • He allocates resources effectively to achieve business objectives and ensure profitability.
• Stakeholder Management:
  • Abhay interacts with investors, employees, patients, and partners, building trust and fostering relationships.
  • He communicates Max Healthcare's achievements and challenges transparently.
• Operational Excellence:
  • Abhay oversees hospital operations, focusing on high-quality patient care, safety, and efficient processes.
  • He collaborates with medical professionals and administrators to optimize hospital functioning.
• Expansion and Innovation:
  • Abhay identifies growth opportunities and expands Max Healthcare's footprint.
  • He encourages innovation in healthcare delivery and technology adoption to enhance patient experience.
• Quality and Patient-Centric Care:
  • Abhay emphasizes patient satisfaction, clinical outcomes, and adherence to quality standards.
  • He leads initiatives to ensure compassionate care and positive patient outcomes.
• Mergers and Acquisitions (M&A):
  • Abhay evaluates potential acquisitions and partnerships to align with Max Healthcare's vision.
  • He drives M&A strategies to strengthen the organization's position in the market.
• Community Engagement and CSR:
  • Abhay represents Max Healthcare in community initiatives and health awareness campaigns.
  • He contributes to public health and social responsibility programs beyond hospital operations.
• Industry Advocacy:
  • Abhay participates in industry forums, advocating for healthcare reforms and patient rights.
  • He collaborates with industry associations and government bodies to shape healthcare policies.

Several additional benefits beyond his basic salary

• Housing Assistance:
  • Senior executives may be eligible for housing assistance, which could include financial support for rent, home loans, or relocation expenses.
  • Some companies provide company-owned accommodations or housing allowances to facilitate comfortable living arrangements.
• Transportation Allowances:
  • As a senior leader, Abhay Soi may receive transportation allowances to cover commuting expenses, such as fuel costs or public transportation fares.
  • Some organizations even provide chauffeur-driven cars or reimbursements for travel-related expenses.
• Wellness Programs:
  • Max Healthcare prioritizes employee well-being, so Abhay Soi may have access to wellness programs promoting physical and mental health.
  • These programs could include gym memberships, health check-ups, stress management workshops, and counseling services, aiming to enhance overall employee health and productivity.
• Health Insurance and Medical Benefits:
  • Senior executives typically receive comprehensive health insurance coverage for themselves and their families, including coverage for hospitalization, outpatient treatments, and preventive care.
• Retirement and Pension Plans:
  • Abhay Soi likely participates in retirement plans, such as provident funds or pension schemes, ensuring financial security after retirement.
• Flexible Work Arrangements:
  • Senior executives like Abhay Soi may have flexibility in work hours or the option to work remotely, accommodating their busy schedules and promoting work-life balance.
• Professional Development Opportunities:
  • Max Healthcare invests in leadership development, so Abhay Soi might have access to executive education programs, workshops, and conferences to enhance his leadership skills and stay updated with industry trends.
• Stock Options or Equity Grants:
  • Some senior executives receive stock options or equity grants as part of their compensation package, aligning their interests with organizational success.