Bharti's Sunil Mittal sees drop in remuneration to Rs 23.8 crores

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Bharti's Sunil Mittal sees drop in remuneration to Rs 23.8 crores
    New Delhi: The annual remuneration of telecom major Bharti Airtel's founder-Chairman Sunil Bharti Mittal dropped by about 45 lakh or 1.8 percent 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.

    PTI

    Read more about: bharti airtel sunil mittal
    Story first published: Saturday, August 9, 2014, 10:16 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more