iii. The percentage increase in the median remuneration of employees in the financial year: 10.53% iv. The number of permanent employees on the rolls of Company: There are 3,212 permanent employees on the rolls of the Company v. Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration The average percentage increase made in the salaries of employees other than the managerial personnel was 19.13%, while there is decrease in the remuneration of managerial personnel. There has been no increase in the managerial remuneration during the financial year. vi. The Remuneration paid to the Board of Directors and to Key Managerial Personnel is as per the Remuneration policy of the Company. B. Information as per Rule 5(2) of Chapter XIII, the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014 LIST OF TOP 10 SALARIED EMPLOYEES FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2023 No Director/Employee Name Designation Annual Gross Remuneration Received for FY22- 23** (` in Million) Qualification Total Years of Experience Date of Joining in the Company Age (Yrs) Last Employment before Joining the Company No of Equity Shares held in the Company (i) Director 1 Mrs. N Bhuvaneswari VC&MD 47.90 B.A 29 12-12-1994 61 - 2,26,11,525 2 Mrs. N Brahmani ED 38.32 B. Tech., MBA 15 28-06-2013 35 Vertex Venture Management Private Limited, Singapore. 4,30,952 (ii) Employee 1 Dr. M Sambasiva Rao President 23.85* M.Sc, PhD 39 23-01-2006 66 Joint Secretary, Ministry of Commerce & Industry, Govt of India 93,078 2 Mr. Srideep M Kesavan CEO 16.11 B.Tech, MBA (PGDBM, Mkt. XLRI 26 09-08-2021 50 Coca Cola India Private Limited 4,800 3 Mr. A Prabhakara Naidu CFO 9.02 B.Sc, C.A 34 07-08-1992 62 Heritage Foods Limited - 4 Mr. Jangam Samba Murthy COO 8.80 MBA (Marketing) 34 01-04-2007 57 Reliance Life Sciences Limited 1,272 5 Mr. Makarand Shastri VP 8.37 MBA (Marketing) 20 18-01-2022 46 Adani Wilmar Limited. 1,060 6 Mr. Dheeraj Tandon Sr.GM 4.85 MBA (HR), PG Dip.(T&D) 24 05-10-2016 47 Meritor Commercial Vehicle Systems (India) Private Limited - 7 Mr. Cecil Bobby Cherian Sr.GM 4.81 MBA (Marketing) 25 24-01-2022 49 Fonterra Future Dairy Pvt. Ltd 115 8 Mr. Nanduri Kiran Sr.GM 4.76 B.Tech (Mech) IIT Madras PGPM IIM Indore 18 25-02-2022 42 DXC Technology - 91 Board’s Report | Statutory Reports
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