Airtel Chief Sunil Mittal's remuneration falls nearly 5% to ₹15.39 crore in FY22
The Hindu
In FY22, Sunil Mittal's salary and allowances were at about ₹10 crore and the performance-linked incentive was ₹4.5 crore
Bharti Airtel Chairman Sunil Mittal's remuneration fell nearly 5% in the financial year 2021-22 to ₹15.39 crore on lower perquisite value, according to the telecom company's annual report.
The gross remuneration of the telecom industry stalwart and Airtel's top honcho stood at ₹16.19 crore in the year 2020-21.
While Mr. Mittal's salary and allowances, and performance-linked incentive in 2021-22 were similar to 2020-21, the fall in gross remuneration came largely on account of lower perquisites in the just-concluded fiscal.
In 2021-22, the perquisites stood at ₹83 lakh, against ₹1.62 crore in the previous fiscal, a comparison of the annual reports for two years showed.
In FY22, Mr. Mittal's salary and allowances were at about ₹10 crore and performance-linked incentive was ₹4.5 crore.
In response to an email query by PTI, an Airtel spokesperson said: "There has been no change in the overall remuneration of Mr Sunil Bharti Mittal, Chairman, from last year. The insignificant downward chane reflected in integrated report 2021-22 is attributable to change in perquisite value." The gross remuneration of Bharti Airtel Managing Director Gopal Vittal rose 5.8% in FY22 to ₹15.25 crore.
Mr. Vittal's salary and allowances were at ₹9.14 crore, and performance-linked incentive at ₹6.1 crore, during the year 2021-22.
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