Bharti Airtel chairman Sunil Mittal’s remuneration in the financial year 2021-22 has dropped about five per cent to Rs 15.39 crore on lower perquisite value. His gross remuneration was Rs 16.19 crore in the year 2020-21, according to the telecom company’s annual report.

The salary and allowances along with performance-linked incentive of Airtel’s top honcho in FY22 were almost the same as in 2020-21, the decline in his gross remuneration was largely on account of lower perquisites in the just-concluded fiscal. In 2021-22, the perquisites stood at Rs 83 lakh, against Rs 1.62 crore in the previous fiscal.

His salary and allowances were at about Rs 10 crore while the performance-linked incentive was Rs 4.5 crore in FY22. “There has been no change in the overall remuneration of Mr Sunil Bharti Mittal, Chairman, from last year. The insignificant downward change reflected in integrated report 2021-22 is attributable to change in perquisite value,” a spokesperson told PTI.

On the other hand, Bharti Airtel Managing Director Gopal Vittal saw a 5.8 per cent rise in his gross remuneration in FY22 to Rs 15.25 crore with the salary and allowances being Rs 9.14 crore, and performance-linked incentive at Rs 6.1 crore.

“There is a nominal increase in the remuneration of MD and CEO, which is in line with the industry practice. The same has been approved by board on recommendation of HR and nomination committee and within limits approved by shareholders,” the spokesperson added.