In comparison, Company’s Chief Financial Officer P B Balaji was paid Rs 8.33 crore for the same period, even without any raise in 2016-17.
On the other hand, Pradeep Banerjee, Executive Director for Supply Chain, and Dev Bajpai, Executive Director for Legal & Corporate Affairs and Company Secretary, both received hikes of 8% each, taking home Rs 4.75 crore and Rs 4.69 crore, respectively.
Employees other than the managerial personnel got an average percentage increase of 5.57%. In the case of managerial personnel, the average increase was 3.1%.
(Image source HUL)