The highest compensation of the fast moving consumer goods (FMCG) sector, in the Financial Year 2019, went to Vivek Gambhir, MD and CEO, Godrej Consumer Products (GCPL). He took home Rs 20.09 crore. Close on his heels was Sanjiv Mehta, CEO, Hindustan Unilever (HUL), who received a compensation of Rs 18.88 crore.
Gambhir’s total package is inclusive of the perquisites in the form of stock grants. The ratio of his pay package to that of the employees’ median package was 311.26. The ratio of Mehta’s remuneration to that of the employees of HUL stood at 194.
At the third position in terms of remuneration stood Suresh Narayanan, chairman and director, Nestle India. He was paid Rs 11.09 crore, whereas the ratio of his pay to median pay of employees was 106.
In fourth position was PD Narang, director, Dabur India, with a total pay package of Rs 10,77,17,010, closely followed by Sunil Duggal, who retired from the same Company recently as CEO with a remuneration of Rs 10,74,27,074. The ratio of their remunerations to the median pay of Dabur staff was 246.
Saugata Gupta, MD and CEO, Marico, ranked no. six, with a total remuneration of over nine crore. The ratio of his pay package to the median pay of employees was 97.51.
The seventh position was occupied by Nishaba Godrej, executive chairperson, Godrej, with a remuneration of over six crore. The ratio of her pay to median remuneration of employees was 123.47.
RS Agarwal, executive chairman, Emami, received a remuneration of Rs 6.54 crore. RS Goenka, the Company’s whole-time director, also received the same compensation. The ratio of their salaries to the median pay of employees stood at 219.26.