This Indian company is making employees millionaires, 44 percent increase in the number of employees earning more than 10 million, do you work here?

ITC Share Price: In this era of inflation, working people are facing many problems. Salary of employed people is limited. Due to which they have to be very careful about their expenses. However, there is also a company in the country in which the number of millionaire employees is continuously increasing. This time too, the […]
 


This Indian company is making employees millionaires, 44 percent increase in the number of employees earning more than 10 million, do you work here?

ITC Share Price: In this era of inflation, working people are facing many problems. Salary of employed people is limited. Due to which they have to be very careful about their expenses. However, there is also a company in the country in which the number of millionaire employees is continuously increasing. This time too, the number of millionaire employees in the company has increased.

The number of millionaire employees has increased

The company is one of the largest companies in India. Here we are talking about ITC. ITC’s business is related to FMCG, Hotels, Software, Packaging, Paperboard, Specialty Paper and Agribusiness. At the same time, the number of millionaire employees in the company has increased by 44 percent.

44 percentage increase

 

According to the company’s annual report, there has been a 44 percent increase in the number of ITC employees earning more than Rs 1 crore in the recently ended financial year 2021-22. The latest annual report of ITC states that Rs. 8.5 lakh or Rs. The total number of ITC employees earning more than 1 crore stood at 220 as against 153 in 2020-21.

more than Rs. salary

The Annual Report for the year ended 31st March, 2022 states that there were 220 employees who were employed throughout the year and totaling Rs. 1 crore or more against a 5.35 per cent increase in the salary taken by ITC Chairman and Managing Director Sanjiv Puri in the financial year, which increased to Rs. 12.59 crores.

The annual report states that Puri’s salary was 224:1 in the ratio of remuneration and average remuneration of all employees. Puri’s total remuneration in FY 2011 was Rs. 11.95 crores. IT Samam’s executive directors B Sumanth and R. Tandon has been awarded Rs. 5.76 crores Rs. The total remuneration received is Rs 5.60 crore.

reduction in workforce

At the same time, the total number of ITC employees as on 31 March 2022 was 23829, which is 8.4 percent less than the previous financial year. This includes 21,568 male and 2,261 female employees. In addition, it had 25,513 employees outside the permanent category. The total strength of ITC employees as on March 31, 2021 was 26,017.

financial savings

In FY22, the average salary of ITC employees increased by 7%. At the same time, the total revenue of ITC in the financial year ended 31 March 2022 stood at Rs. 59,101 crore as against Rs. 48,151.24 crores.