Bharti Airtel has reduced gross remuneration of its chairman and executive director Sunil Mittal by around 10% to Rs. 22.55 crore in 2012-13, from Rs. 25 crore in the previous fiscal, PTI reported. The company has appointed Gopal Vittal as its new Chief Executive Officer, who also serves as Joint Managing Director, at around two-third of the gross remuneration compared to the amount it paid to his predecessor Sanjay Kapoor.
The gross remuneration for Vittal, who joined Airtel on April 3, 2012, was around Rs. 2.7 crore at the end of financial year 2013 while Kapoor's gross remuneration was Rs. 3.88 crore, as per the company's Annual Report.
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