News: 70% Samsung India crorepati employees are Koreans

Compensation & Benefits

70% Samsung India crorepati employees are Koreans

Samsung's 116 employees drawing more than Rs 1 crore in annual remunerations, but 70% of them are Koreans
70% Samsung India crorepati employees are Koreans

Mumbai: Samsung India, the country's largest consumer products company, has about 116 employees drawing more than Rs 1 crore in annual remunerations, but 70% of them are Koreans.

The Korean chaebol, which has been in India for two decades now and has since overtaken firms like Hindustan Unilever and ITC in revenues, still largely keeps Indian executives away from senior posts, reveals the company's filing with the Registrar of Companies (RoC).

As  per RoC data, the number of people taking home more than Rs 1 crore a year at Samsung India swelled 22% to 116 as of March 31, 2015 from 95 a year ago. And about 81 of them are Koreans. The firm's wages expenses grow 18% year on year to Rs 1,611 crore for the last fiscal.

Read more on The Economic Times here

 

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Topics: Compensation & Benefits, #Corporate

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