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Annual Report 2016-17
Annexure B to the Report of the Directors
A. Details of the Remuneration as required under Section 197(12) of the Companies Act, 2013 read with
Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
1.
The percentage increase in remuneration of each Director, Chief Financial Ofocer and Company Secretary during
the onancial year 2016-17, ratio of the remuneration of each Director to the median remuneration of the employees
of the Company for the onancial year 2016-17 and the comparison of remuneration of each Key Managerial
Personnel (KMP) against the performance of the Company are as follows:
Sr.
No.
Name of Director / KMP
and Designation
Remuneration
of Director
/ KMP for
onancial year
2016-17
(
`
Million)
% increase in
Remuneration in the
onancial year
2016-17
Ratio of
remuneration of
each Director
to median
remuneration of
employees
Comparison of the
remuneration of the
KMP against the
performance of the
Company
a.
Dr. Anand Deshpande
Chairman and Managing
Director
17.23
26.4%
19.91
The growth in revenue
was
19.8%
and
increase in proot after
ta[ was 17.8%
b.
Mritunjay Singh
E[ecutive Director and
President – Services
21.37
10.3% (e[cluding
value of perquisite on
e[ercise of ESOPs
`
10.38 Million)
12.70 (e[cluding
value of perquisite
on e[ercise
of ESOPs)
c.
Roshini Bakshi
Independent Director
1.85
6.3%
2.14
d.
Pradeep Bhargava
Independent Director
2.18
7.4%
2.52
e.
Sanjay Bhattacharyya
Independent Director
2.20
6.3%
2.54
f.
Dr. Anant Jhingran *
Independent Director
1.70
6.7%**
1.96
g.
Thomas Kendra
Independent Director
1.80
6.7%**
2.08
h.
Prakash Telang
Independent Director
2.00
4.7%
2.31
i.
Kiran Umrootkar
Independent Director
2.35
7.8%
2.72
j.
Sunil Sapre
Chief Financial Ofocer
9.14
13.0%**
10.56 The growth in revenue
was
19.8%
and
increase in proot after
ta[ was 17.8%
k.
Amit Atre
Company Secretary
2.33
47.5%
2.69
*
Mr. Anant Jhingran resigned as Director w.e.f. November 3, 2016
** Percentage increase in remuneration is based on the annualized remuneration for the cases where remuneration is paid only for
the part of the year
2. The median remuneration of employees of the Company during the onancial year 2016-17 was
`
865,300.
3. In the onancial year 2016-17, there was an increase of 7.6% in the median remuneration of employees.
4. As on March 31, 2017, there were 7,790 permanent employees who were on the payroll of the Company.
5. It is aformed that the remuneration paid, is as per the Remuneration Policy for Directors, Key Managerial Personnel
and other employees.