Sunil Bharti Mittal has been re-appointed as the chairman of the company for another five years, will get a fixed pay of Rs. 21 crore per annum and performance-linked variable pay of Rs. 9 crore.
The package, however, excludes perquisites that shall not exceed 50 per cent of the fixed pay in any financial year.
As per the company’s annual report, Mittal took home a total package of Rs. 27.8 crore, which includes Rs. 24.6 crore in salary and Rs. 1.17 crore in perquisites, for 2015-16.
The AGM also approved revision in remuneration of Bharti Airtel’s Managing Director and CEO (India and South Asia) Gopal Vittal, who will now take home fixed pay of Rs. 7 crore per annum.
He will also be entitled to performance linked incentive, ESOPs, and perquisites. The revision in the remuneration is with effect from June 1, 2016, for the remaining period of his tenure up to January 31, 2018.
Vittal’s pay package for 2015-16, as per the company’s annual report, stood at Rs. 10.3 crore which includes salary of Rs. 5.9 crore and the rest coming from perquisites and stock options.’
