Sanjiv Puri is one of India’s top corporate figures in the Indian corporate landscape. He is the CMD-Chairman and Managing Director of the diversified conglomerate, ITC Limited. Sanjiv Puri is celebrated for his strategic vision and leadership acumen and for his commitment to sustainability. Sanjiv Puri led ITC into a new era of innovation and growth. This post talks about Sanjiv Puri net worth, professional journey, educational background, family life, and achievements.
Who is Sanjiv Puri?
Sanjiv Puri is the chairman of ITC Limited. He has led this conglomerate with diversified interests in FMCG, Agribusiness, Hospitality, and many more under his able leadership. Diversification, innovation, and sustainability have been the main emphasis of the leadership of Sanjiv Puri under which ITC has always been a market leader. His ability to envision and execute strategic initiatives made him one of the most influential corporate professionals of India.
Sanjiv Puri Net Worth
As of 2024, Sanjiv Puri’s net worth reads at around $15–20 million or ₹120–160 crore. Sanjiv Puri derives most of his net worth from his annual CMD remuneration through ITC, which includes salary and allowances in addition to heavy bonuses plus other benefits through stock options.
Breakdown of Income
| Basic salary | ₹3.12 crore |
| Perquisites and other benefits | ₹57.70 lakh |
| Performance bonus/Long-term incentives | ₹21.48 crore |
Source of Income
- Salary and Allowances: The gross remuneration earned by Puri is mostly through annual remunerations as CMD of ITC.
- Equity Holdings: Puri has a holding of ITC’s equity, which adds to his wealth since he shares all the profits of the stock from the company.
- Corporate Benefits: Housing allowances, traveling allowance, and other executive privileges are also tagged with him.
Also read about: Lavish Choudhary Net Worth: An In-Depth Analysis of his Successful Business
Sanjiv Puri Education
A precursor to all Sanjiv Puri’s success at a corporate level is his education history. There exists an excellent educational and academic record that clearly highlights technical and managerial aptitude.
- Undergraduate Degree: Puri graduated from the Indian Institute of Technology in the city of Kanpur, considered one of India’s top engineering institutions.
- Postgraduate Degree: Sanjiv Puri went on to further his studies at the Wharton School of Business, University of Pennsylvania, specializing in management and leadership.
All these academic exposures gave Sanjiv Puri the knowledge and skills to keep pace with the turbulent goings-on of the corporate world.
Sanjiv Puri Family Life
Sanjiv Puri has personal life behind a closed door: he does not let his family into the limelight.
Marital Life
Puri is married but his wife’s name is not known. He credits the support of his wife as being very crucial in balancing his very demanding professional commitments with personal well-being.
Children
Puri is a proud father, and his children are pursuing their careers. Despite a very high-profile role, he makes sure that the family life is discreet and well-guarded.
Sanjiv Puri’s Professional Journey
Early Career
Sanjiv Puri joined ITC in 1986 as a management trainee, wherein his initial stint dealt with operational management and strategic planning, thus giving him hands-on exposure to ITC’s core businesses.
Key Milestones
- Operational Excellence: He played critical roles in ITC’s FMCG and agribusiness segments, and he helped them touch new heights.
- Sustainability Leadership: He championed sustainability and corporate social responsibility initiatives and ensconced them in the business model of ITC.
- Digital Transformation: Under his leadership, ITC became one of the few Indian corporations to go deep into cutting-edge technology in all its verticals and remain ahead in this rapidly moving marketplace.
Leadership as CMD
Sanjeev Puri has been serving as the Chairman and Managing Director of ITC since 2019. Over these years, under his leadership, the company diversified the portfolio and enhanced its stature globally. He made ITC synonymous with innovation and sustainability.
Strategic Initiatives under Sanjiv Puri
- Introduction of New FMCG Categories: Puri led ITC’s entry into personal care, packaged food, and stationery markets.
- Initiatives towards Sustainability: Puri has demonstrated eco-friendly manufacturing and hub for rural locations.
Awards and Accolades
As a leader, Puri has enabled ITC win various laurels through his sustainability and corporate excellence efforts. Through his efforts, ITC transformed from a socially irresponsible to an innovative corporation.
Philanthropy and Societal Contributions
Besides his corporate excellence, Sanjiv Puri is also very philanthropic. A few causes he has advocated for are education, rural development, and environmental conservation. A few initiatives include the following,
- ITC e-Choupal: A digital initiative for empowering the rural farmer
- Projects on Women Empowerment: a bouquet of programs under this theme whose aim is to uplift women in the most disadvantaged societies.
All these testify to his commitment towards inclusive growth and social welfare.
Conclusion
Sanjiv Puri exemplifies the qualities of a visionary leader who combines professional success with a strong commitment to values and sustainability. From his academic roots at IIT Kanpur to his pivotal role at ITC, Puri’s journey is a testament to hard work, innovation, and strategic thinking. With a net worth of ₹120–160 crore, he continues to shape ITC’s legacy as a global leader while contributing meaningfully to society.
