DLF Chairman Rajiv Singh's Annual Salary Jumps 34% to Rs 36.65 Crore for FY25

DLF Chairman Rajiv Singh's remuneration surged 34% to Rs 36.65 crore in fiscal year 2024-25, driven by the company's robust performance. The increase reflects achievements against targeted business parameters, including consolidated profit after tax and cash flows. DLF's managing directors, Ashok Kumar Tyagi and Devinder Singh, also saw their remuneration rise by nearly 5% each.

Rajiv Singh, chairman of India's biggest real estate firm DLF, now receives remuneration of Rs 36.65 crore after a hike of 34% in the last fiscal year, following better performance of the company, according to its latest annual report. DLF's Chairman and whole-time director has received Rs 36.65 crore as remuneration for the last fiscal against Rs 27.30 crore in the preceding financial year, as per the list of remuneration paid/payable to directors/KMPs (key managerial personnel) during 2024-25. Out of the total remuneration given to Rajiv, Rs 34.53 crore was given in the form of commission.

The company Board has approved commission or variable pay to Rajiv and two managing directors of DLF - Ashok Kumar Tyagi and Devinder Singh for 2024-25, both appointed in this position with effect from August 4, 2023. This allowance was based on the achievements against targeted business parameters like consolidated profit after tax, cash flows, and also taking into consideration construction spends and pre-sales.

According to the report, Ashok Tyagi received Rs 14.16 crore as remuneration for the last fiscal year after an increase of nearly 5% from Rs 13.52 crore in the preceding year. Out of this, Rs 8.77 crore is in commission form, as approved by the Board. Meanwhile, DLF's another MD Devinder Singh also got a hiked remuneration after an increase of nearly 5%. His final remuneration for the last fiscal year was Rs 14.16 crore, compared to Rs 13.52 crore in 2023-24. He also received Rs 8.77 crore as commission.

In terms of market capitalisation, DLF is India's largest real estate firm with a net profit of Rs 4,366.82 crore in 2024-25 as compared to Rs 2,723.53 crore in the preceding year. The real estate group earned an income of Rs 8,995.89 crore in the last fiscal from Rs 6,958.34 crore in 2023-24. DLF reported record sales bookings of Rs 21,223 crore in 2024-25, an increase of 44% from Rs 14,778 crore in the preceding financial year.

The company has set a target to sell housing properties worth Rs 20,000-22,000 crore during 2025-26. Since its inception, DLF has developed more than 185 real estate projects and over 352 million square feet of area. DLF Group has 280 million square feet of development potential across residential and commercial segments, including current projects under execution and the identified pipeline. The group has an annuity portfolio of over 45 million square feet.