ITC CMD Sanjiv Puri's pay increases 47% to Rs 11.95 crore in FY21

Full-year impact of his revised pay structure comes into effect

The annual remuneration of ITC Chairman and Managing Director, Sanjiv Puri, rose 47 per cent in FY21, as the full-year impact of his revised pay structure came into effect.

Puri’s gross remuneration for the year ending March 31, 2021, stood at Rs 11.95 crore, which includes basic consolidated salary of Rs 2.64 crore, performance bonus and long-term incentives/commission of Rs 6.98 crore and other perquisites. Much of the increase was on account of performance bonus and long term incentives. 

In FY20, his gross remuneration was at Rs 7.6 crore (the figure does not include contribution to approved pension funds). Puri’s