Here's how much Nestlé India's incoming Chairman Manish Tiwary earned in FY25

Nestlé India Limited has geared up for a major overhaul in its leadership as the company's incumbent Chairman and Managing Director, Suresh Narayanan, will relinquish his office upon his retirement on 31 July 2025.

Narayanan will hand over the reins of the Rs 2.24 trillion company to Manish Tiwary. The 55-year-old businessman will assume his office as Nestlé India's MD with effect from 1 August 2025.

The incoming chairman earned an annual pay of nearly Rs 3 crore in the financial year 2025, the company's latest annual report revealed. He was also given a lump sum payout of Rs 15 crore at the time of joining the firm.

Nestlé India's incoming chairman Manish Tiwary gets Rs 15 crore joining compensation

On the other hand, outgoing chairman Narayanan's total remuneration stood at Rs 23.4 crore for FY25, this included salaries and allowance, prerequisites, company contribution, and commission and performance-linked incentives. In the previous financial year, the Nestlé Chairman's annual pay package was Rs 29.4 crore for the 15-month period.

About Nestlé India's new Chairman

Manish Tiwary has nearly three decades of experience in large-scale operations and strategic initiatives within the e-commerce and consumer goods sectors. He joined Nestlé India on 1 February as Managing Director (Designate) and is Key Managerial Personnel of the company with effect from 24th April 2025.

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Before joining Nestlé, he worked at Nestlé S.A. as a Special Project Manager for Zone - Asia Oceania and Africa (AOA). Before this, he worked for eight years as the Country Manager at Amazon India. Tiwary also held various positions in sales, marketing, and general management across multiple categories and channels in India, the Gulf, and North Africa at Unilever for 20 years.

He holds a B Tech degree in Computer Science and an MBA from the Indian Institute of Management, Bangalore.