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.
India seeks alternative sources for specialty fertilizers from Belgium, Egypt, and others due to China's export restrictions.
India and Russia commit to enhancing trade in national currencies, aiming for $100 billion bilateral trade by 2030.
Stock markets soar as RBI cuts interest rates, with Sensex rising 447 points amidst positive investor sentiment and revised growth forecasts.
AAP's Raghav Chadha calls for banning 10-minute delivery services, highlighting the harsh conditions faced by gig workers.
IndiGo flight cancellations: Follow LIVE updates from The Hindu as IndiGo's operations face issues with over 400 flights cancelled today.
DGCA grants IndiGo exemption from night-duty limits for pilots amid widespread flight cancellations and operational disruptions.
RBI to launch a two-month campaign in January 2026 to address pending grievances with the Ombudsman for improved customer service.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.