Sunil Mittal's remuneration drops by 2% to Rs 23.8 cr

Tags: News
The annual remuneration of telecom major Bharti Airtel's founder-Chairman Sunil Bharti Mittal dropped by about 45 lakh or 1.8 per cent to Rs 23.88 crore in last financial year.

It was Rs 24.33 crore in the previous fiscal.

While Airtel's financial performance started improving from third quarter of 2013-14, the the drop in the total remuneration of Mittal has been mainly due to Rs 75 lakh reduction in performance-linked incentive, as per the latest Annual Report of the company.

The company posted first increase in net profit at Rs 610 crore in the third quarter of 2013-14 ended December 31, 2014 and the momentum is still on.

The perquisites given to Mittal increased to about Rs 79 lakh in 2013-14, from about Rs 49.6 lakh a year.

The remuneration paid to Mittal in 2013-14 was almost double of the remuneration paid to all directors on the Airtel board. The total remuneration paid to all directors, including Mittal, stood at Rs 35.84 crore.

EDITORIAL OF THE DAY

  • It doesn’t help if rules paint non-agro & agro commodities with the same brush

    For many years, successive governments have tried to develop commodity markets in India, but have failed to bring in transparency and have been unable

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: The cleansing & the yearning

As Twitter trolls went about their ugly business against Zaira ...

Rajgopal Nidamboor

Of body, brain and placebo effect

While most theories on human nature were based on conscious ...

Kuruvilla Pandikattu

Bias and prejudice exist in science too

Religion has caused a lot of harm to humanity. ...