Who is the Richest IAS Officer in India? Top 10 Richest IAS Officers and Their Net Worth
There are a lot of things that attract youngsters in the country towards a life in the civil service. Apart from the pride and honour that comes with being a career civil servant or diplomat, the IAS salary and benefits that come along with the responsibilities and powers are also a factor. The basic per month salary of an IAS officer starts at Rs.56,100 (TA, DA, and HRA are extra) and can go on to reach Rs. 2,50,000 for a Cabinet Secretary. A career in the Indian Administrative Service is one of the most sought-after professions in India. Learn about some of the richest IAS officers in India and where their assets came from.
IAS Salary Pay-Scale
|Pay Level||Basic Pay(INR)||Number of years required in service||Post|
|District Administration||State Secretariat||Central Secretariat|
|10||56100||1-4||Sub-Divisional Magistrate||Undersecretary||Assistant Secretary|
|11||67,700||5-8||Additional District Magistrate||Deputy Secretary||Undersecretary|
|12||78,800||9-12||District Magistrate||Joint Secretary||Deputy Secretary|
|13||1,18,500||13-16||District Magistrate||Special Secretary-cum-Director||Director|
|14||1,44,200||16-24||Divisional Commissioner||Secretary-cum-Commissioner||Joint Secretary|
|15||1,82,200||25-30||Divisional Commissioner||Principal Secretary||Additional Secretary|
|16||2,05,400||30-33||No Equivalent Rank||Additional Chief Secretary||No Equivalent Rank|
|17||2,25,000||34-36||No Equivalent Rank||Chief Secretary||Secretary|
|18||2,50,000||37+ years||No Equivalent Rank||No Equivalent Rank||Cabinet Secretary of India|
The Top 10 Richest IAS Officers
Apart from having a steady salary and numerous benefits, the career of an IAS officer is not very lucrative. However, there are always ways of earning more. IAS officers can use their own wits and experience to advise relatives and friends in their ventures and earn a steady flow of money through them. However, IAS officers are not allowed to personally take part in any business. But that has never stopped a select few. There have been cases of corruption in bureaucracy and many IAS officers have topped the list of being the richest due to this.
Amit Kataria, The IAS Officer Who takes a Salary of INR 1
Amit Kataria is one of the richest Bureaucrats in India. He is famous as the IAS officer that takes 1 rupee as his salary. His family owns construction companies in Gurgaon and apart from that, his wife is a professional pilot who earns a lot to manage their expenses. He has enough wealth to sustain his life and when he was asked about his salary, he said that he has joined IAS in order to bring a change to the system and not to earn it. He is one of the few honest officers still honestly serving the country.
As of Jun 6, 2011, a 45-year-old IAS officer, Babulal Agrawal appeared to be India’s richest bureaucrat with accumulated assets of Rs 253 crore. Agrawal cracked the Civil Services Exam in his first attempt at the age of 22. The Bhopal-based Income Tax department in its 5,000-page report submitted to the Chhattisgarh government had listed details of how Agrawal created an empire of Rs 253 crore.
The case of the Bhopal-based Joshi couple has already been detailed in the media. Arvind Joshi was principal secretary, Water Resources, and his wife Tinoo was heading the Women and Child Development department in Bhopal. They created a record of sorts of being the richest IAS couple.
List of Other IAS Officers having Sky High Net Worths
- S. Malaichamy
- Nitish Janardhan Thakur
- Neera Yadav
- T. O. Suraj
- Rakesh Bahadur
- Subhash Ahluwalia
Making a change and fighting the system sounds very pleasing to say and think about but is not a very easy job. Facing the sheer potential of power and in the face of benefits, the most honest of the lot can turn greedy or disheartened and give up and turn to gain favours and easy money. That is joining the services might not be that difficult as staying true to yourself and the nation while serving is. This job is really not for the faint-hearted.