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ITC CMD Sanjiv Puri's remuneration up by over 51% in 2018-19

As per ITC's 'Report and Accounts 2019' filed at bourses, Puri's remuneration includes a basic salary of Rs 1.44 crore along with perks of Rs 40 lakh and performance bonus of Rs 4.32 crore.

June 13, 2019 / 08:15 PM IST
 
 
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Total Remuneration of diversified group ITC Chairman & MD Sanjiv Puri has gone up by over 51 per cent to Rs 6.16 crore in 2018-19. Puri (56), who has been recently elevated as Chairman of the Kolkata-headquartered company after Y C Deveshwar passed away, took home Rs 4.06 crore in FY 2017-18.

Moreover, the total number of employees getting a total salary of over Rs one crore in the company is now 91, ITC said in its Annual Report for FY 2018-19.

Deveshwar, who died in May this year, had received a remuneration of Rs 16.62 crore for FY 2018-19.

Puri was set to take over as the Chairman in 2021-22 and was being mentored by Deveshwar for the post.