ITC’s Big Payday: 68 Employees Join the Crore Club in FY24

Hold onto your hats, because ITC is showering its top performers with some serious cash! The FMCG giant just announced that a whopping 68 employees crossed the Rs. 1 crore salary mark in the fiscal year 2024. That’s a significant jump from the previous year, indicating a strong emphasis on rewarding high-performing individuals.

But just how much are these top executives earning? While the exact figures for each individual remain confidential, we can glean insights from the company’s annual report.

Here’s what we know:

• The highest paid executive in FY24 was Sanjiv Puri, the company’s Chairman and Managing Director, earning a total remuneration of Rs. 13.6 crore. This includes a salary, allowances, and performance-based bonuses.

• The top 10 executives at ITC earned a combined remuneration of Rs. 80 crore. This shows that the company is investing heavily in its leadership team.

This trend is not just limited to ITC. Across industries, we are seeing a growing trend of companies rewarding high-performing employees with hefty paychecks. This is driven by a fierce competition for talent in a rapidly evolving market.

What does this mean for the future of ITC?

• Stronger Talent Pool: By attracting and retaining top talent, ITC is likely to see a continued boost in innovation, efficiency, and market competitiveness.

• Investor Confidence: This move can also be seen as a positive signal for investors, indicating a healthy and thriving company with a strong commitment to its employees.

While the exact salary figures may vary, one thing is clear: ITC is committed to rewarding its top performers, and that’s a recipe for continued success in the years to come.

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