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Notes forming part of onancial statements (Contd.)
Annual Report 2016-17
•
279
(In
`
Million)
Name of the related party and nature of relationship
For the year ended
March 31, 2017
March 31, 2016
Remuneration #
(Salaries, bonus and
contribution to PF)
Key Management Personnel
Dr. Anand Deshpande
17.23
13.63
Mr. Mritunjay Singh (including value of perquisites for
stock options exercised
`
10.38 million during the year
2016-17 and
`
15.69 million during the year 2015-16)
21.37
25.65
Mr. Sunil Sapre*
9.14
6.45
Mr. Rohit Kamat ** (including value of perquisites for
stock options exercised
`
9.83 million during the year
2015-16)
-
14.04
Mr. Amit Atre
2.33
1.58
Relatives of Key Management Personnel
Mrs. Chitra Buzruk
3.50
3.40
Dr. Mukund Deshpande (including value of perquisites
for stock options exercised
`
6.86 million during the
year 2016-17)
11.92
4.25
Total
65.49
69.00
Dividend paid
Key Management Personnel
Dr. Anand Deshpande
136.89
296.57
Mr. Mritunjay Singh
0.29
0.25
Mr. Rohit Kamat
-
0.57
Relatives of Key Management Personnel
Mr. Suresh Deshpande
3.50
94.34
Mrs. Chitra Buzruk
2.82
0.90
Dr. Mukund Deshpande
2.40
-
Mrs. Sonali Anand Deshpande
0.67
1.46
Mrs. Sulabha Suresh Deshpande
3.40
7.36
Total
149.97
401.45
Intercorporate deposits
given during the year ##
Subsidiaries
Persistent Systems, Inc.
329.23
-
Total
329.23
-
Refund of loans given ## Subsidiaries
Persistent Systems, Inc.
-
336.13
Total
-
336.13
Investment in equity
shares ##
Subsidiaries
Persistent Systems, Inc. (including share application
pending allotment
`
668 Million as at March 31, 2016)
***
609.09
1,090.21
Persistent Systems Germany GmbH
2.02
-
Total
611.11
1,090.21