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• Annual Report 2018-19
Shaping the future of software driven business
VI. Remuneration of Directors and Key Managerial Personnel
A.
Remuneration to Managing Director, Whole-time Director and/or Manager:
(
`
in Million)
Sr.
No.
Particulars of Remuneration
Name of MD / WTD / Manager
Total Amount
Dr. Anand
Deshpande
Mr. Sunil
Sapre
1.
Gross Salary
(a) Salary as per provisions contained in section 17(1) of the
Income Tax Act, 1961
11.04
6.41
17.45
(b) Value of perquisites u/s 17(2) of the Income Tax Act, 1961
0.08
Nil
0.08
(c) Profits in lieu of salary u/s 17(3) of the Income Tax Act,
1961
Nil
Nil
Nil
2.
Stock Option
(a) Granted during the year (Nos.)
Nil
Nil
Nil
(b) Exercised during the year (Nos.)
Nil
1,600
0.88
3.
Sweat Equity
Nil
Nil
Nil
4.
Commission
As % of profit
9.10
4.35
13.45
Others, specify
Nil
Nil
Nil
5.
Others, please specify Company’s contribution to PF,
Superannuation Fund and National Pension Fund
1.57
1.71
2.40
Total (A)
21.79
12.47
34.26
Overall Ceiling as per the Act:
`
443.60 Million (being 10% of net profit of the Company calculated as per Section 198 of the
Companies Act, 2013)
B.
Remuneration to other Directors:
(
`
in Million)
Sr.
No.
Particulars of
Remuneration
Names of Director
Total
Amount
Ms.
Roshini
Bakshi
Mr.
Pradeep
Bhargava
Mr. Sanjay
Bhattacharyya
Dr. Anant
Jhingran
Mr.
Thomas
Kendra
Mr.
Prakash
Telang
Mr. Kiran
Umrootkar
Mr. Guy
Eiferman
Prof.
Deepak
Phatak
1.
Independent
Directors
Fees for
attending Board
/ Committee
Meetings
0.50
1.08
0.60
0.28
-
0.78
1.10
0.40 0.35 5.07
Commission
1.70
1.70
1.70
1.70
-
1.70
1.70
1.60 1.60 13.40
Others, please
specify
-
-
-
-
-
-
-
-
-
-
Total (1)
2.20 2.78
2.30 1.98
-
2.48 2.80 1.99 1.95 18.47