Company Secretary 2023 Salary in India, Freshers, Experienced, Skills Required, Responsibilities

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.

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