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What is the Salary of the Chief Financial Officer at Bajajfinsv ltd.?

The Chief Financial Officer (CFO) of Bajaj Finserv, Sandeep Jain, earns a salary equivalent to 15% of the company's total compensation. In the financial year ending on 31 March 2022, his total compensation was ₹59.79 million. This amount is significantly higher than the average CFO salary in India, which is approximately ₹4 million per year.

For context, here are the remuneration details for key personnel at Bajaj Finserv:

Sanjiv Bajaj (CEO and Chairman): ₹233.20 million yearly compensation, comprising 100% salary and 0% bonuses, and he owns 0.25% of the company's shares worth ₹6.43 billion.

Sreenivasan Sivasubramaniam (CFO): ₹59.79 million total compensation.

R. Vijay (Company Secretary): ₹15.00 million total compensation.

various positions at Bajaj Finserv. Here's a table summarizing the information:

Designation	Experience Range	Salary Range (INR)
Sales Executive	0-8 years	₹2.3L - ₹4.7L per year
Sales Officer	0-9 years	₹2.4L - ₹4.6L per year
Sales Manager	0-10 years	₹5L - ₹9L per year
Area Sales Manager	3-12 years	₹9.1L - ₹15L per year
Collections Manager	0-9 years	₹4.1L - ₹7.4L per year
Assistant Manager Collections	1-8 years	₹3.6L - ₹5.3L per year
Deputy Manager	0-9 years	₹5.9L - ₹12L per year
Credit Manager	1-7 years	₹4.9L - ₹7.8L per year
Collections Executive	0-6 years	₹2.4L - ₹5.5L per year
Product Manager	2-8 years	₹14.8L - ₹37.5L per year

The key responsibilities associated with the role of Chief Financial Officer (CFO) at Bajaj Finserv:

Financial Strategy and Planning:

Collaborating with other executives to define long-term financial goals and ensure sustainable growth.

Financial Reporting and Compliance:

Overseeing financial reporting, ensuring accuracy, transparency, and compliance with regulatory standards.

Risk Management:

Identifying and mitigating financial risks, including market, credit, liquidity, and operational risks.

Capital Management:

Managing capital structure, optimizing working capital, and making decisions regarding debt and equity financing.

Budgeting and Forecasting:

Collaborating with business units to create budgets and financial forecasts, monitoring actual performance against projections.

Treasury Functions:

Handling cash flow, liquidity, and investments, and managing relationships with banks.

Investor Relations:

Interacting with investors, analysts, and rating agencies, providing financial insights and maintaining transparency.

Tax Strategy and Compliance:

Developing tax-efficient strategies, ensuring compliance with tax laws, and optimizing tax liabilities.

Mergers and Acquisitions (M&A):

Evaluating potential acquisitions, conducting due diligence, negotiating deals, and assessing their financial impact.

Leadership and Team Management:

Leading the finance team, mentoring, guiding, and developing team members.

Business Partnering:

Collaborating with other departments to align financial decisions with overall business objectives.

Strategic Decision-Making:

Actively participating in strategic discussions, evaluating investment opportunities, cost-saving initiatives, and business expansion plans.

Additional benefits and perks that the Chief Financial Officer (CFO) at Bajaj Finserv might enjoy:

Housing Assistance:

The company may provide housing assistance to senior executives, including the CFO. This could include allowances for rent, subsidies for home loan interest, or even company-provided accommodation.

Transportation Allowances:

CFOs often receive transportation allowances to cover commuting expenses, which could include reimbursement for fuel, car maintenance, or public transportation costs.

Wellness Programs:

Bajaj Finserv likely offers wellness programs aimed at promoting the health and well-being of its employees, including the CFO. These programs may include gym memberships, health check-ups, mental health support, and fitness-related incentives.

Other Perks: