Company Secretary Salary in India: Company Secretary is one of the topmost occupations that offer to commend salaries and a wide range of career opportunities. The basic pay scale of the Company Secretary is determined by the knowledge, experience, and individual skillsets.
An individual is appointed as company secretaries are appointed to ensure the company follows all the legal codes, completing duties often assigned to legal advisors. In ICSI, an individual has to perform various duties that depend on who a CS ends up working for. ICSI CS Exam degrees are very much in demand in the market. On average, In India, the Updated Company Secretary Salary is approximately Rs 514,449 per annum. Company Secretary Salary/ Package in India include bonuses, allowances, profit sharing, and other incentives/ benefits according to the individual knowledge, qualification, skills, and companies. If you are an ICSI Secretary aspirant, then you must gain complete knowledge regarding the pay scale and salary of the Company Secretary. So we have provided the complete details regarding Company Secretary Salary in India in the post below.
Company Secretary Pay Scale in India
Company Secretary in various sectors earns an adequate salary. The average company secretary salary structure is provided below:
| Job Profile | Starting Salary per year (in INR) | Mid Level Salary per year (in INR) | Senior Level Salary per year (In INR) |
| Company Secretary | Rs. 3,00,000 | Rs. 6,00,000 | Rs. 9,00,000 – 12,00,000 |
| Legal Advisor | Rs. 3,00,000 | Rs. 4,00,000 – 5,00,000 | Rs. 10,00,000 |
| Principal Secretary | Rs. 3,00,000 | Rs. 6,00,000 | Rs. 9,00,000 – 12,00,000 |
Maximum Pay Scale of a Company Secretary in India:
| Particulars | CS Salary Package |
| Salary | Rs 247,142 – Rs 1,374,138 |
| Bonus | Rs 10,022 – Rs 390,555 |
| Profit-Sharing | Rs 12,671 – Rs 690,428 |
| Total Pay | Rs 248,933 – Rs 1,442,945 |
Company Secretary Salary Based on Experience:
| Experience | Annual Average CS Salary |
| Less than a year | INR 119,195 – INR 805,366 |
| 1-4 years | INR 232,260 – Rs 770,450 |
| 5-9 years | INR 302,012 – Rs 1,468,135 |
| 10-19 years | INR 380,000 – INR 2,440,000 |
| 20 years or more | INR 1,768,743 – INR 1,924,279 |
Company Secretary Salary Based on Cities:
| Cities | Annual Average Salaries of Company Secretary |
| Mumbai, Maharashtra | INR 982,635 – INR 1,960,934 |
| New Delhi, Delhi | INR 293,614 – INR 822,120 |
| Pune, Maharashtra | INR 304,350 – INR 1,035,000 |
| Bangalore, Karnataka | INR 178,793 – INR 1,208,048 |
| Hyderabad, Andhra Pradesh | INR 400,000 – INR 1,280,000 |
Company Secretary Based on Certification:
| Certification or Degree | Annual Average Salaries of Company Secretary |
| Bachelor of Commerce (B.Com) | INR 344,348 – INR 670,000 |
| Bachelor’s Degree | INR 183,831 – INR 1,174,457 |
Salary for CS Freshers in India
In India, the initial salary can vary anywhere between Rs. 28,000 and Rs. 40,000 per month. However, with more experience in the field, increments can also be there and a prominent employer can get the increased pay scale to Rs. 100,000 per month.
The salary of a Company Secretary is also affected by numerous factors depending upon the qualification skill of the individual and more.
CS Perks & Benefits
As per the Company Act, the company secretary, along with the other directors has to perform many necessary duties. A company secretary is the chief executive officer who is responsible for preparing annual reports. In addition to that, he has to keep legal records safe and secure and change the share capital of companies along with many other things.
They need to make sure that the operation of a company is smooth. Apart from the basic salary scale, CS employees also get perks and rewards in exchange for their contributions that are always going to be respected and remembered. The perks involve:
- Private Medical Insurance
- Paid Sick Leave
- Stock Options
- Disability/ Life Insurance
- Company Pension Plan
- Bonus
Basic qualities and skills needed to become a Company Secretary
- Commercial awareness
- Strong administrative skills
- Analytical skills
- Communication skills
- Judgment skills
- Research skills
- People skills
- Perseverance
- Creativity
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Career Scope of a Company Secretary
An individual gets a lot of opportunities in the public and private domain of a Company Secretary field. Initially, you may start off with a junior secretarial officer position, however, based on your performance you can also become the managing director. If you do well, you can even be a part of the board of directors of a company. Moreover, you can serve as the financial advisor of a well-known big company too.