What is the Salary of a Managing Director at Itc?

In simpler terms, during the financial year 2022-23, the total earnings of Sanjiv Puri, the Chairman and Managing Director of ITC, went up by 53.08% compared to the previous year, reaching ₹16.31 crore.

BENEFITS 

• Help with Housing:
  • The MD, like Sanjiv Puri, could get help with housing. This might mean getting a company-owned home, a housing allowance, or aid with home-related expenses. Having a comfy place to live is super important for top bosses.
• Travel Support:
  • Big bosses often get help with travel expenses. This could cover things like company cars, drivers, or getting reimbursed for travel costs. It makes sure they can move around easily for work stuff.
• Wellness Goodies:
  • ITC cares about keeping its top dogs healthy and happy. The MD's wellness perks might include:
    • Health Insurance: Covering doctor visits and medical bills for the MD and their family.
    • Fitness Treats: Paying back for gym memberships, workout classes, or wellness trips.
    • Mental Health Backup: Having access to counsellors or stress-busting programs.
    • Balancing Work and Life: Encouraging a healthy mix of job and personal time.

ROLES AND RESPONSIBILITY

• Setting Big Goals:
  • The MD plans where the company should go in the long run. They decide what the company's big mission is and make sure everyone is working towards it.
• Following the Rules:
  • They make sure the company follows all the laws and rules. They work closely with the board of directors and make sure everyone knows what's going on.
• Watching the Money:
  • The MD looks after how much money the company makes and spends. They make big money decisions and keep an eye on how well the company is doing financially.
• Talking to Important People:
  • They build and keep good relationships with important people like investors, customers, and government officials. They're like the face of the company outside.
• Making Everything Run Smoothly:
  • The MD makes sure everything works well in the company. They make things faster, better, and more efficient.
• Taking Care of the Team:
  • They look after the people who work in the company. They hire good folks, help them grow, and make sure everyone's happy at work.
• Avoiding Problems:
  • They keep an eye out for anything that could go wrong and fix it before it becomes a big issue. They look at risks in the market and other problems that could affect the company.
• Being Ready for Change:
  • The MD likes to try new things and change stuff if needed. They make sure the company is ready for whatever comes next.