Sanjiv Puri, the chairman and managing director of ITC, noticed a complete pay rise of 53.08 p.c to Rs 16.31 crore for the fiscal yr 2022–23.
The profitable growth of any agency could also be attributed to the choices made by leaders of huge firms. As necessary as their duties are, their salaries additionally mirror the hassle they put in. One of the most important companies in India is ITC Limited. Cigarettes, stationery, cookies, and different FMCG objects are all bought by the primary agency.
The company additionally manages a collection of upscale inns, which is kind of worthwhile. Sanjiv Puri, the chairman and managing director of ITC, noticed a complete pay rise of 53.08 p.c to Rs 16.31 crore for the fiscal yr 2022–23.
Who is Sanjiv Puri?
In 2015, Sanjiv Puri was appointed because the ITC Board’s solely director. He was named the corporate’s CEO two years later. Next yr, he was additionally named Managing Director. He is at the moment the chairman of the massive company. He has lots of expertise. He obtained his engineering diploma from IIT Kanpur and his MBA from the Wharton School of Business within the USA. He started working with ITC in 1986 and has been there ever since.
Puri has held various necessary roles in ITC. He served as COO from 2016 to 2017. He served because the FMCG firm’s president. Additionally, he oversaw commerce gross sales and distribution for the Tobacco Division. He oversaw the ITC Infotech firm’s software program division as properly. He additionally serves as ITC Nepal’s chairman.
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By collaborating within the initiatives of the Indian authorities, he has additionally contributed to the expansion of the nation. He oversaw the fifteenth finance panel of the Indian authorities’s advisory committee. The committee was established to speak about find out how to promote exports of agriculture.
To adjust to the coverage on retiring from July 22, 2024, ITC has submitted a solution for the annual normal assembly on August 11 that may re-appoint Puri as a director, managing director, and chairman for 5 years or till such earlier date. On July 22, 2019, Puri was chosen to function ITC’s managing director, and his present tenure will conclude on July 21, 2024. There had been 23,725 everlasting employees working at ITC as of March 31, 2023.
What is Sanjiv Puri’s salary?
Puri obtained a base pay of Rs 2.88 crore from ITC for 2022–23, along with benefits and different perks of Rs 57 lakh and a performance-based bonus/long-term incentives/fee price Rs 12.86 crore. In the earlier yr, Puri’s complete compensation totaled Rs 10.66 crore, which was made up of Rs 2.64 crore in fundamental pay and Rs 49.63 lakh in perquisites and different perks.
However, solely in FY22 did he obtain a efficiency incentive or fee of Rs. 7.52 crore. While the market capitalization of the agency is Rs 5.88 trillion (Rs 5,88,000 crore).
(With inputs from PTI)
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