Mahindra MD Goenka’s Salary Grew 65% in 2017-18


Mahindra MD Goenka’s Salary Grew 65% in 2017-18

 Mahindra Group managing director Mr. Pawan Goenka’s remuneration rose by 65.2% to ₹12.2 crore last fiscal, according to the company’s Annual Report for 2017-18. 

His remuneration, which included perquisite value of ESOPs exercised, was more than group executive chairman Mr. Anand Mahindra, who took home ₹8.03 crore. 

In terms of increase also, Mr. Mahindra's remuneration grew by a modest 4.7% . 

Excluding perquisite value of ESOPs exercised, Mr. Goenka's salary stood at Rs 8.7 crore, although still slightly more than Mr. Mahindra, who earned ₹8.03 crore.

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