Airtel Chairman Sunil Mittal earned ?30 cr salary in 2016-17
The billionaire Chairman of Bharti Airtel, Sunil Bharti Mittal took home a salary of over ?30 crore in the financial year 2016-17. His annual package was over 8% higher than the previous year when Mittal had drawn a salary of ?27.8 crore. Mittal was re-appointed as Chairman of the company last year for a five-year term.
New Delhi, Jul 2 (PTI) Sunil Bharti Mittal, Chairman of Indias largest telecom operator Bharti Airtel, took home an annual pay package of Rs 30.1 crore for 2016-17. The package was over 8 per cent higher than the previous year, when Mittal had drawn Rs 27.8 crore. Mittal, who was last year re-appointed as Chairman of the company for another five years, received salary and allowances of Rs 20.13 crore, while the performance-linked incentive stood at Rs 9 crore during FY17. That alongwith Rs 1 crore worth of perquisites, took his overall remuneration to Rs 30.14 crore for the year just ended, as per the latest annual report of the telecom company. Bharti Airtel Managing Director and CEO (India and South Asia) Gopal Vittal earned Rs 9.28 crore during FY17, which is almost 50 per cent higher than the previous fiscal. During the year, he received salary and allowances worth Rs 6.46 crore, Rs 2.82 crore as performance-linked incentive and Rs 28,800 in perquisites. Vittal was also granted 1.5 lakh stock options on August 8, 2016 under ESOP Scheme 2005, with vesting period spread over 3 years. 