DLF Chairman Rajiv Singh's Remuneration Crosses Rs 44 Crore

DLF Ltd Chairman Rajiv Singh received a 20% increase in remuneration during the financial year 2025-26, with his total pay rising to Rs 44.06 crore, according to the company's latest annual report. The increase comes amid improved business performance by the real estate major. DLF, India's largest listed real estate company by market capitalisation, disclosed the remuneration details of its directors and key managerial personnel (KMPs) in the report released to shareholders.

The annual report shows that Rajiv Singh's remuneration increased from Rs 36.65 crore in 2024-25 to Rs 44.06 crore in 2025-26. A significant portion of the amount, Rs 41.74 crore, was paid as performance-linked commission. The company stated that its remuneration structure comprises a fixed base salary and allowances, annual performance awards, commission, retirement benefits, reimbursements and other applicable benefits, with performance incentives linked to both individual and company performance.

DLF Managing Director Ashok Kumar Tyagi received remuneration of Rs 15.30 crore during the last fiscal, marking an 8% increase from Rs 14.16 crore in the previous financial year. Of this amount, Rs 5.45 crore was paid as commission. Another Managing Director, Devinder Singh, received Rs 17.52 crore, up 24% from Rs 14.16 crore in 2024-25, including Rs 7.68 crore in commission. Tyagi and Devinder Singh assumed their roles as Managing Directors with effect from August 4, 2023.

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Explaining its compensation policy, DLF said performance-based awards and commissions are determined after evaluating individual contributions alongside qualitative and quantitative assessments of the company's overall financial and operational performance. The company said this approach aligns executive compensation with long-term business objectives while rewarding leadership for sustained growth and value creation.

In his message to shareholders, Rajiv Singh highlighted DLF's contribution to transforming India's urban landscape through the development of residential, commercial and mixed-use projects across major cities. He said the company, backed by a strong legacy, robust governance framework and institutional strength, is well positioned to capitalise on the next phase of growth in the country's real estate sector.

Looking ahead, Singh expressed confidence in India's economic prospects, citing resilient macroeconomic fundamentals and continued government focus on infrastructure and urbanisation. Referring to the leadership of Prime Minister Narendra Modi, he said the country has navigated global challenges effectively and that DLF remains committed to contributing to India's urban development by leveraging emerging opportunities in the rapidly expanding real estate market.

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