ITC Management

Management criteria checks 3/4

ITC's CEO is Sanjiv Puri, appointed in Feb 2017, has a tenure of 7.25 years. total yearly compensation is ₹163.20M, comprised of 17.6% salary and 82.4% bonuses, including company stock and options. directly owns 0.005% of the company’s shares, worth $3.13M. The average tenure of the management team and the board of directors is 6.8 years and 5.2 years respectively.

Key information

Sanjiv Puri

Chief executive officer

₹163.2m

Total compensation

CEO salary percentage	17.6%
CEO tenure	7.3yrs
CEO ownership	0.005%
Management average tenure	6.8yrs
Board average tenure	5.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sanjiv Puri's remuneration changed compared to ITC's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹205b
Sep 30 2023	n/a	n/a	₹202b
Jun 30 2023	n/a	n/a	₹199b
Mar 31 2023	₹163m	₹29m	₹192b
Dec 31 2022	n/a	n/a	₹182b
Sep 30 2022	n/a	n/a	₹173b
Jun 30 2022	n/a	n/a	₹164b
Mar 31 2022	₹107m	₹26m	₹152b
Dec 31 2021	n/a	n/a	₹148b
Sep 30 2021	n/a	n/a	₹143b
Jun 30 2021	n/a	n/a	₹139b
Mar 31 2021	₹101m	₹26m	₹132b
Dec 31 2020	n/a	n/a	₹133b
Sep 30 2020	n/a	n/a	₹137b
Jun 30 2020	n/a	n/a	₹145b
Mar 31 2020	₹69m	₹21m	₹153b
Dec 31 2019	n/a	n/a	₹150b
Sep 30 2019	n/a	n/a	₹141b
Jun 30 2019	n/a	n/a	₹130b
Mar 31 2019	₹62m	₹14m	₹126b
Mar 31 2018	₹41m	₹14m	₹113b

Compensation vs Market: Sanjiv's total compensation ($USD1.95M) is below average for companies of similar size in the Luxembourg market ($USD4.48M).

Compensation vs Earnings: Sanjiv's compensation has increased by more than 20% in the past year.

CEO

Sanjiv Puri (60 yo)

7.3yrs

Tenure

₹163,195,000

Compensation

Mr. Sanjiv Puri has been Managing Director of ITC Limited since May 16, 2018 and also has been its Director since December 6, 2015 and its Chairman since May 13, 2019. Mr. Puri served as Chief Executive Of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sanjiv Puri	Chairman & MD	7.3yrs	₹163.20m	0.0048% ₹ 3.1m
Supratim Dutta	CFO & Whole Time Director	3.7yrs	₹20.07m	0.0064% ₹ 4.1m
Angamuthu Sundaram	General Counsel & Head of Corporate Legal	no data	₹40.05m	no data
Rajendra Singhi	Executive VP	6.3yrs	₹26.84m	no data
Arif Nazeeb	Head of Corporate Communications & Executive VP	no data	₹46.17m	no data
Sumant Bhargavan	Whole time Director	no data	₹75.86m	0.0035% ₹ 2.3m
Anil Rajput	President of ITC Corporate Affairs	17.3yrs	₹56.35m	no data
Hemant Malik	Whole Time Director & Divisional Chief Executive of Foods Business	no data	₹54.64m	0.0027% ₹ 1.8m
Surampudi Sivakumar	Group Head of Agri Business	no data	₹49.81m	no data
D. Ashok	Head of Taxation	no data	₹30.08m	no data
S. Bose	Executive Vice President of HR	no data	₹29.90m	no data
Kavita Chaturvedi	Chief Operating Officer of Snacks (FBD)	no data	₹31.74m	no data

6.8yrs

Average Tenure

58.5yo

Average Age

Experienced Management: ITC's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sanjiv Puri	Chairman & MD	8.4yrs	₹163.20m	0.0048% ₹ 3.1m
Supratim Dutta	CFO & Whole Time Director	1.8yrs	₹20.07m	0.0064% ₹ 4.1m
Sumant Bhargavan	Whole time Director	5.5yrs	₹75.86m	0.0035% ₹ 2.3m
Hemant Malik	Whole Time Director & Divisional Chief Executive of Foods Business	less than a year	₹54.64m	0.0027% ₹ 1.8m
Arun Duggal	Independent Non-Executive Director	9.7yrs	₹10.15m	no data
Anand Nayak	Independent Director	4.8yrs	₹10.09m	0.0098% ₹ 6.3m
Shyamal Mukherjee	Independent Director	2.8yrs	no data	no data
Shilabhadra Banerjee	Independent Non-Executive Director	9.8yrs	₹10.25m	no data
Hemant Bhargava	Independent Director	2.4yrs	₹7.07m	no data
Meera Shankar	Independent Non-Executive Director	11.7yrs	₹9.90m	0.00036% ₹ 232.5k
Nirupama Rao	Independent Non-Executive Director	8.1yrs	₹9.80m	no data
Ajit Seth	Non-Executive Independent Director	4.8yrs	₹9.80m	0.0011% ₹ 684.4k

5.2yrs

Average Tenure

67yo

Average Age

Experienced Board: ITC's board of directors are considered experienced (5.2 years average tenure).

ITC Management

Management criteria checks 3/4

Key information

Recent management updates

ITC Limited, Annual General Meeting, Jun 06, 2024

ITC Limited Announces Executive Changes, Effective April 2, 2024

ITC Limited Announces Appointment of Rahul Jain as Non-Executive Director, Effective January 1, 2024

ITC Limited Announces Stepping Down of Peter Rajatilakan Chittaranjan from the Board of Directors

ITC Limited, Annual General Meeting, Aug 11, 2023

ITC Appoints Aishwarya Pratap Singh as Chief Business Officer At Yoga Bar

Recent updates

ITC Limited to Report Q4, 2024 Results on May 23, 2024

ITC Limited, Annual General Meeting, Jun 06, 2024

ITC Limited Announces Executive Changes, Effective April 2, 2024

BAT Reportedly to Launch ITC Selldown as Soon as This Week

British American Tobacco Reportedly Looks to Raise $2.5 Billion by Trimming Stake in ITC

ITC Limited Declares Interim Dividend for the Financial Year Ending 31 March, 2024, Payable Between 26 February, 2024 and 28 February, 2024

ITC Limited to Report Q3, 2024 Results on Jan 29, 2024

ITC Limited Announces Appointment of Rahul Jain as Non-Executive Director, Effective January 1, 2024

ITC Limited (NSEI:ITC) entered into definitive agreements to acquire additional 5.9% stake in in Delectable Technologies Private Limited for INR 35 million.

ITC Limited to Report Q2, 2024 Results on Oct 19, 2023

ITC Limited Announces Stepping Down of Peter Rajatilakan Chittaranjan from the Board of Directors

ITC Limited Approves Special Dividend for the Financial Year Ended March 31, 2023

ITC Limited to Report Q1, 2024 Results on Aug 14, 2023

ITC Limited, Annual General Meeting, Aug 11, 2023

ITC Appoints Aishwarya Pratap Singh as Chief Business Officer At Yoga Bar

ITC Limited Announces Appointment of Directors

ITC Limited to Report Q4, 2023 Results on May 18, 2023

ITC Limited Appoints Peter Rajatilakan Chittaranjan as an Additional Non-Executive Director

ITC Limited to Report Q3, 2023 Results on Feb 03, 2023

ITC Limited (NSEI:ITC) agreed to acquire SproutLife Foods Private Ltd.

ITC Limited (NSEI:ITC) agreed to acquire SproutLife Foods Private Ltd.

ITC Limited (NSEI:ITC) acquired additional 13.3% stake in Mother Sparsh Baby Care Private Limited.

ITC Limited to Report Q2, 2023 Results on Oct 20, 2022

ITC Reportedly Puts Its Hat in the Ring for Yoga Bar Stake

An unknown buyer acquired Lifestyle Retailing Business of ITC Limited.

ITC Limited to Report Q1, 2023 Results on Aug 01, 2022

ITC Limited Announces Interim and Final Dividend for the Financial Year Ended 31 March, 2022

ITC Ltd Plans to Exit its Joint Venture with Logix Estates

ITC Appoints Rajiv Singh as Head of Growth At ITC Cloud Kitchen

ITC Limited (NSEI:ITC) completed the acquisition of 10.07% stake in Blupin Technologies Private Limited for approximately INR 390 million.

ITC Limited, Annual General Meeting, Jul 20, 2022

ITC Limited Announces Executive Changes

ITC Limited to Report Q4, 2022 Results on May 18, 2022

ITC Limited (NSEI:ITC) agreed to acquire a 10.07% stake in Blupin Technologies Private Limited for approximately INR 390 million.

ITC Limited Declares Interim Dividend for the Financial Year Ending on 31 March, 2022, Payable on 4 March 2022

ITC Limited (NSEI:ITC) entered into agreement to acquire 16% stake in Mother Sparsh Baby Care Private Limited for INR 200 million.

ITC Limited Recommends Final Dividend for the Year Ended March 31, 2021, Payable on August 13, 2021

ITC Limited to Report Q3, 2021 Results on Feb 11, 2021

ITC Eyes on New Acquisitions and in Discussions with Interested Parties

ITC Limited to Report Q1, 2021 Results on Jul 24, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age