Chairman and Managing Director of Divis Laboratories Ltd. Murali Ok Divi is the best paid government of the Indian pharma trade with Rs 58.eight crore remuneration which incorporates wage and fee in 2018-19.
In keeping with Divis’ newest annual report, Murali Divi, the promoter-executive, was given a hike of 46.Three % in his remuneration over the earlier fiscal.
The corporate provided practically Rs 30 crore to its Govt Director NV Ramana and over Rs 20 crore to whole-time director Kiran S Divi, son of Murali Divi, in the direction of remunerations within the final fiscal.
Murali Divi obtained near Rs 57.61 crore by way of commissions for the yr. In FY18, he had obtained Rs 40.20 crore in the direction of remuneration which included fee of Rs 39 crore.
The proportion enhance within the median remuneration for the workers of the corporate for FY19 was 3.96 %.
The drugmaker clocked Rs 1,333 crore revenue after tax on Rs 5,036 crore income for the yr 2018-19. Relating to different pharma gamers, Dilip Shanghvi, founder and managing director of the nation’s largest drug agency Solar Pharmaceutical Industries Ltd. took dwelling simply Re 1 as wage and Rs 2,62,800 as perks throughout FY19.
The nation’s second-largest pharma firm by way of income, Aurobindo Pharma Ltd. paid Rs 14.6 crore in the direction of remuneration in FY19 to its Managing Director N Govindarajan, an expert belonging to non-promoter class. The remuneration to Govindarajan included wage and perquisites, fee as much as 1 % of the online earnings of the corporate (calculated as per the Corporations Act, 2013 topic to a ceiling of Rs 10 crore for every monetary yr). Aurobindo reported Rs 2,356 crore PAT in 2018-19 on Rs 19,564 crore whole income.
GV Prasad, co-chairman, managing director and chief government officer of Dr. Reddy’s Laboratories Ltd., took practically Rs 12.four crore dwelling by means of of remuneration in FY19. Prasad, who has been changed by Erez Israel as CEO from Aug. 1, had obtained Rs 7.75 crore remuneration throughout 2017-18.
Dr. Reddy’s PAT was up 92 % in FY19 at Rs 1,880 crore (income Rs 15,400 crore) over the earlier fiscal. Umang Vohra, managing director and international chief government officer of Cipla Ltd. was paid 20.23 % much less when in comparison with FY18 to Rs 15.03 crore remuneration in 2018-19. Vohra obtained Rs 18.85 crore in 2017-18.