Airtel owner salary : Do you know how much Airtel owner gets salary?

Airtel owner salary: According to the company's latest annual report for 2023-24, Mittal's salary and allowances were estimated at Rs 21.57 crore, while performance-related PLI was Rs 7.5 crore. Mittal's total salary is estimated to be Rs 32.27 crore in the financial year 2023-24 with other allowances of Rs 3.19 crore.

3 Month ago

Airtel owner salary: According to Airtel's annual report, after nearly three years, company chairman Sunil Mittal's total salary has increased to approximately Rs 32.27 crore in FY 2024. The salary of Airtel boss in the financial year 2022-23 was approximately Rs 16.72 crore. Which was in line with earlier revised decision of HR and Nomination Committee. (Effective from 01 April, 2020).

However, following improvement in the company's business and strong and sustained growth, the HRC, considering the role and contribution of the Chairman, reconsidered its decision and recommended that the annual salary (with effect from April 1, 2023) be increased to Rs 30 crore. This was approved by Airtel shareholders at the company's AGM held in August 2023. Now his total salary is 32 crore rupees.

How to get salary? : According to the company's latest annual report for 2023-24, Mittal's salary and allowances were estimated at Rs 21.57 crore, while performance-linked PLI was Rs 7.5 crore. Mittal's total salary is estimated to be Rs 32.27 crore in the financial year 2023-24 with other allowances of Rs 3.19 crore. The annual report states that the salary and allowances include the company's contribution to the provident fund. The above does not include liability for gratuity and leave encashment as it is provided on actuarial basis for the entire company, amount due to directors and interest on provident fund cannot be ascertained. The value of Performance Linked Incentives (PLI) is based on a combination of short-term and long-term goals.

How much PLI received? : On the 2023-24 figures, the latest annual report said that PLI represents incentives earned at 100 per cent performance level for the financial year 2023-24 and paid based on actual performance criteria. The Airtel report states that at 100 percent performance level, Sunil Bharti Mittal's total salary is Rs 322,714,541 for FY 2023-24 and Rs 167,729,002 for FY 2022-23. While the total salary of the company's CEO Gopal Vittal in the financial year 2023-24 is Rs 185,508,865. While the total salary in the financial year 2023 was Rs 168,434,184.

During the year Mittal and Vittal were paid Rs 47,250,000 and Rs 70,826,394 respectively as PLI for the last year 2022-23. Sunil Bharti Mittal received a salary of 2.20 million pounds from the company's overseas subsidiary Network i2i (UK) Ltd during the financial year 2023-24, the annual report said. For 2023-24, CEO Gopal Vittal's total salary was Rs 18.55 crore. This includes Rs 11.11 crore taken under 'Salaries and Allowances'.