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 per cent.
The number of permanent employees on the payrolls of the company as on March 31, 2019 was 2,781, the report said.
GCPL Executive Chairperson Nisaba Godrej received a total remuneration of Rs 5.2 crore during 2018-19, which was 123.47 times more than the median remuneration of the employees.
Her remuneration declined by 19 per cent during the year, it added.
According to the company, its Non-Executive Director Jamshyd Godrej received a total remuneration of Rs 23 lakh during the year under review, while those of other Non-Executive Directors Nadir Godrej, Tanya Dubash and Pirojsha Godrej stood at Rs 24 lakh each.
On the other hand, GCPL said its independent directors Aman Mehta, Ndidi Nwuneli, Bharat Doshi and Pippa Armerding received total remunerations of Rs 40 lakh each in FY19.
Independent director Narendra Ambwani's remuneration for the year stood at Rs 41 lakh, while those of other independent directors Omkar Goswami and Ireena Vittal were at Rs 33 lakh and Rs 38 lakh respectively.
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