Many Indian businessmen have built massive business empires, leading top companies within the country. These individuals often command substantial salaries and boast impressive net worths. Sunil Mittal, chairman of Bharti Airtel, is one such figure. His gross remuneration for the financial year 2023-24 skyrocketed to Rs 32.27 crore, as reported by the company in its annual report and by MoneyControl.
This significant increase can be attributed to a combination of factors. Mittal’s salary and allowances amounted to an estimated Rs 21.57 crore, while performance-linked incentives (PLI) added another Rs 7.5 crore to his earnings. Additionally, he received Rs 3.19 crore in perquisites.
The 66-year-old Mittal stands as one of India’s wealthiest businessmen. According to Forbes, he possesses a real-time net worth of USD 11.5 billion, equivalent to Rs 96,300 crore as of August 1. This places him at the 181st position on Forbes’ real-time billionaire list. Mittal has also been honored with the Padma Bhushan, one of India’s highest civilian awards.
His company, Bharti Airtel, commands a market capitalization of Rs 886,000 crore as of August 1. With over 500 million customers across South Asia and Africa, the company enjoys a significant presence in the telecommunications sector, as reported by Forbes.
Mittal hails from Ludhiana and is a first-generation entrepreneur. He embarked on his entrepreneurial journey in April 1976 at the young age of 18. In September 2010, his son, Shravin Mittal, joined Bharti Airtel as a manager. Mittal implemented strategic changes within Bharti Airtel in 2016 to ensure the company could effectively compete against the launch of Mukesh Ambani’s Jio.
