ANNEXURE 5
Details of Remuneration of Directors, KMPs and Employees and comparatives
[Pursuant to Section 197 and Rule 5(1) of the companies (Appointment and Remuneration of Managerial Remuneration) Rule, 2014]
- a. The ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the financial year and the percentage increase in remuneration of each Director, Chief Executive Officer, Chief Financial Officer and Company Secretary in the Fiscal 2017:
- A break-up of median remuneration of employees is given below:
The Median Remuneration of employees for the Fiscal year 2017 is Rs. 6.66 Lakhs
- The number of permanent employees on the rolls of Company as at March 31, 2017: 26,035
- Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration:
- Affirmation that the remuneration is as per the remuneration policy of the Company:
The remuneration for Managing Director ("MD")/Executive Directors ("ED")/KMP/rest of the employees is as per the remuneration policy of the Company.
On behalf of the Board of Directors
N CHANDRASEKARAN
Chairman
(DIN: 00121863)
Mumbai,
May 23, 2017