By PTI Jul 8, 2019 9:06:01 AM IST (Published)
According to GCPL, the median remuneration of all its employees for the fiscal year 2018-19 was Rs 4.21 lakh. The percentage decrease in the median remuneration of employees during the year was 6.23 percent.
Godrej Consumer Products Ltd (GCPL) Chairman Emeritus Adi Godrej's total remuneration in 2018-19 was 114.18 times higher than the median pay of the company's employees, while that of MD and CEO Vivek Gambhir was 311.26 times more, according to the company's Annual Report.
As per the report, Godrej's total remuneration in FY19 stood at Rs 6.07 crore, down 20 percent from the previous year.
Gambhir's total remuneration in 2018-19 was Rs 13.1 crore, which was down 33 percent from the previous fiscal.