Puri said some slowdown was seen in consumption towards the second half of last financial year and it still continues
Last fiscal year, the company launched 50 products to build existing categories and acquired Charmis brand of face cream and Nimyle floor cleaners to gain entry into new segments
Total Remuneration of diversified group ITC Chairman & MD Sanjiv Puri has gone up by over 51 per cent to Rs 6.16 crore in 2018-19. Puri (56), who has been recently elevated as Chairman of the Kolkata-headquartered company after Y C Deveshwar passed away, took home Rs 4.06 crore in FY 2017-18. Moreover, the total number of employees getting a total salary of over Rs one crore in the company is now 91, ITC said in its Annual Report for FY 2018-19. Deveshwar, who died in May this year, had received a remuneration of Rs 16.62 crore for FY 2018-19. Puri was set to take over as the Chairman in 2021-22 and was being mentored by Deveshwar for the post. He was appointed as CEO of the company on February 5, 2017 and re-designated as the Managing Director of ITC from May 16, 2018. As per ITC's 'Report and Accounts 2019' filed at bourses, Puri's remuneration includes a basic salary of Rs 1.44 crore along with perks of Rs 40 lakh and performance bonus of Rs 4.32 crore. ITC Executive Director
he Kolkata-based company is looking to have 20 such units in pan India
Puri tells Shyamal Majumdar how ITC is planning to enter every category that can be called FMCG
Succession planning at ITC has been in the works since 2010, when the company initiated board level changes
During Deveshwar's tenure, revenues grew tenfold to over Rs 51,000 cr, PBT 33 times to more than Rs 14,900 cr, and m-cap recently touched Rs 3 lakh crore
Made chief operating officer of firm