Adani Group-Owned Company Declares Salary Hikes Higher Than Industry Average

Adani group media company NDTV Ltd on Saturday declared a salary hike across all network verticals after going through a laborious and transparent appraisal process.

The "overall salary increase is 11.50%, which is significantly higher than the industry average", said a statement from NDTV.

The hike has been done just six months after New Delhi Television Ltd (NDTV) became part of the Adani group, it added

"The attention was on performance-linked merit appraisals, consistent with industry-best practices designed to ensure that our employees are recognised and compensated based on their performance, promoting an organisation-wide culture of fairness," said NDTV.

According to a PTI report, a special focus in the process was on younger employees, their compensation growth and charting a career path, it added.

"As the media industry undergoes a significant transformation with technological advancements, changing consumer preferences and viewership diversification, NDTV reiterates its commitment to remain at the cutting edge of these transformational changes, innovation and leveraging our expertise to provide our viewers with world-class programming," it said.

As per the PTI report, Executive Director Senthil Chengalvarayan said as the NDTV Group embarks on the next phase of growth, "it is our talented team that will be leading the way".

"They are the primary force behind the success of NDTV and we are happy to recognise their hard work and commitment with this year's raises. Our aggressive expansion plan, which includes the introduction of regional language platforms and further inroads in digital, will present new opportunities for growth as well as new responsibilities," he said.

Meanwhile, last trading price of NDTV share on BSE is quoted at Rs 230.05 per share with intraday fall of 0.80%. Its 52-week high price is Rs 567.85 per share and 52-week low price is Rs 158.65 apiece, respectively. Its market capitalisation is Rs 1,483.16 crore. NDTV share rallied 28% in last 1-month only, gave 14% return in last 1-year, 230% return in last 2-years, and gave 512% return in last 3-years.
NDTV stock has a market capitalisation of Rs 1,483.16 crore, PTI report stated.