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39 managers enter ITC crorepati club in FY21

39 managers enter ITC crorepati club in FY21 SECTIONS Share Synopsis Total crorepati count rises to 153; in the FMCG space, ITC has 96 execs earning over a crore a year compared to 123 in HUL. Agencies As many as 153 employees earned Rs 1 crore-plus salaries annually at ITC Ltd in the last fiscal year, outstripping Hindustan Unilever Ltd ( HUL), which had held the record in India’s consumer goods market. While ITC added nearly 39 new crorepati managers last year, HUL saw a marginal fall to 123 from 129 in FY20, as per the latest disclosures by both companies in their annual reports. This was despite HUL merging GSK Consumer with itself, a move that added 3,500 employees to the workforce, including 21 managers drawing salaries of more than Rs 1 crore. To be sure, unlike pure-play consumer goods maker HUL, ITC is a conglomerate with multiple businesses including FMCG. These include cigarettes and cigars, packaged food products, personal care, stationery, safety matches and ag

ITC: 39 managers enter ITC crorepati club in FY21

HUL), which had held the record in India’s consumer goods market. While ITC added nearly 39 new crorepati managers last year, HUL saw a marginal fall to 123 from 129 in FY20, as per the latest disclosures by both companies in their annual reports. This was despite HUL merging GSK Consumer with itself, a move that added 3,500 employees to the workforce, including 21 managers drawing salaries of more than Rs 1 crore. To be sure, unlike pure-play consumer goods maker HUL, ITC is a conglomerate with multiple businesses including FMCG. These include cigarettes and cigars, packaged food products, personal care, stationery, safety matches and agarbattis. It also operates the country’s secondlargest hotel chain, the largest agri-business company in the private sector, and the largest paperboard maker. Each business of ITC has a CEO and a senior leadership team.

ITC: ITC s CMD Puri sees surge in pay despite travails of pandemic year

ITC: ITC s CMD Puri sees surge in pay despite travails of pandemic year
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Healthcare, travel sectors welcome stimulus

Healthcare, travel sectors welcome stimulus Updated: Updated: ‘Scale up medical infra manifold’ Share Article ‘Scale up medical infra manifold’ Industry and analysts welcomed the targeted interventions with a special focus on health and tourism announced by Finance Minister Nirmala Sitharaman. “The measures to keep enterprises afloat in the aftermath of COVID 2.0 in the form of extending loan guarantees to the healthcare, tourism sectors and small borrowers, in addition to increasing the scope of ECLGS by ₹1.5 lakh crore are very welcome steps,” CII president T.V. Narendran said. “The extension of ECLGS’s scope and coverage are expected to provide significant support to the cash flow of the stressed sectors,” he added. Stating that tourism had been one of the most impacted sectors, he said the package would usher in much-needed liquidity and help revive the employment-intensive sector.

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