This business honcho's salary has doubled in just 1 year; earns nearly Rs 9 lakh a day; any guesses?

Bharti Airtel Chairman Sunil Mittal received a total remuneration of approximately Rs 32.27 crore in the financial year 2023-24, according to the telecom company's annual report. This figure represents a doubling of his salary from the previous year, where he earned around Rs 16.72 crore in 2022-23.

Mittal's remuneration has returned to this level after nearly three years. Previously, the Human Resources and Nomination Committee (HRC) had reduced his salary effective April 1, 2020. However, following significant business growth and strong performance by the telecom company, the HRC reconsidered its decision, acknowledging the chairman's role and contributions.

In August 2023, Airtel shareholders approved this change during the company's extraordinary general meeting (AGM). Consequently, Mittal's total remuneration for the financial year 2023-24 reached around Rs 32 crore. The company's latest annual report indicates that his salary and allowances amounted to approximately Rs 21.57 crore, with a performance-linked incentive (PLI) of Rs 7.5 crore. Additional benefits of Rs 3.19 crore were also included in his remuneration.