Latest news with #GopalVittal
News18
3 days ago
- Business
- News18
Sunil Mittals remuneration up 0.8%, Gopal Vittals 9.1% in FY25
New Delhi, Jul 18 (PTI) Bharti Airtel Chairman Sunil Mittal's remuneration rose marginally to Rs 32.5 crore during FY25, while that of Vice Chairman and Managing Director Gopal Vittal was up 9.1 per cent, according to the company's latest annual report. Mittal's remuneration included Rs 21.57 crore in salary and allowances, Rs 7.5 crore of performance linked incentive, Rs 3.48 crore in perquisites, all adding up to the Rs 32.5 crore figure. At Rs 32.5 crore, Mittal's remuneration was 0.88 per cent more than the previous fiscal. Vittal took home Rs 20.24 crore in FY25, almost nine per cent higher than FY24. 'At 100 per cent performance level, the gross remuneration of Sunil Bharti Mittal is Rs 325,586,133 for FY 2024-25 and Rs 322,714,541 for FY 2023-24, and that of Gopal Vittal is Rs 202,468,554 for FY 2024-25 and Rs 185,508,865 for FY 2023-24," it said. During the year, Mittal and Vittal also received Rs 10.4 crore and Rs 10.3 crore, respectively, as performance linked incentive for the previous year 2023-24. 'Sunil Bharti Mittal has received a remuneration of GBP 2.20 million from overseas subsidiary of the company, Network i2i (UK) Ltd," it said. As per the annual report, during the year, Vittal was granted 1,21,877 stock options under the Employee Stock Options Scheme 2005 and Long Term Incentive Plans with a vesting period spread up to three years. 'The vesting of these stock options is linked to 100 per cent performance-based achievements as per the performance parameters stated in the report earlier. The above remuneration of Gopal Vittal does not include perquisite value of Rs 229,541,021 towards the value of stock options exercised during the year," it said. PTI MBI MBI SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 18, 2025, 18:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
3 days ago
- Business
- Time of India
Bharti Airtel Chairman Sunil Mittal's remuneration up 0.8%, Vice Chairman Gopal Vittal's 9.1% in FY25
Bharti Airtel 's latest annual report shows that Chairman Sunil Bharti Mittal received a total remuneration of Rs 32.5 crore in the financial year 2024-25. This includes Rs 21.57 crore as salary and allowances, Rs 7.5 crore as a performance-linked bonus, and Rs 3.48 crore in perks. His salary increased by 0.88% compared to the previous year. Meanwhile, Vice Chairman and Managing Director Gopal Vittal took home Rs 20.24 crore in FY25, a 9.1% jump from his Rs 18.55 crore salary in FY24. Explore courses from Top Institutes in Select a Course Category Finance MCA Artificial Intelligence Data Analytics Product Management CXO MBA Data Science Project Management Public Policy Technology Others healthcare Leadership Management Design Thinking Healthcare Data Science PGDM Digital Marketing Operations Management others Degree Cybersecurity Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details 'At 100% performance level, the gross remuneration of Sunil Bharti Mittal is Rs 32,55,86,133 for FY25 and Rs 32,27,14,541 for FY24. For Gopal Vittal, it is Rs 20,24,68,554 for FY25 and Rs 18,55,08,865 for FY24,' the report said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Incentives for the previous financial year (2023–24) were also paid during this year. Mittal received Rs 10.4 crore and Vittal got Rs 10.3 crore as performance bonuses. The report further added that Sunil Mittal earned GBP 2.20 million from the company's overseas arm, Network i2i (UK) Ltd. Live Events During FY25, Gopal Vittal was granted 1,21,877 stock options under the Employee Stock Options Scheme 2005 and the Long Term Incentive Plans. These options have a vesting period of up to three years and are linked to 100% performance-based achievements. The report also noted that Vittal's declared pay does not include Rs 22.95 crore, which is the value of stock options he exercised during the year. Inputs from PTI
Economic Times
3 days ago
- Business
- Economic Times
Airtel's revenue market share hits nearly 40% in FY25
ANI Chairman Sunil Mittal said Airtel's coverage across the country further expanded in FY25 with the deployment of over 20,000 network sites and over 44,000 kilometers of fiber. Bharti Airtel's revenue market share (RMS) touched a record around 40% in FY25, growing 178 basis points on-year, for its mobile services business even as its vice chairman Gopal Vittal called for further "tariff repair" for a sustainable return on capital employed. Airtel's strong revenue growth was supported by an improved portfolio mix, continued premiumisation and tariff repair across our mobile pricing plans, the company said in its annual report released FY25, Bharti Airtel chairman Sunil Mittal drew an annual remuneration of Rs 32.55 crore, an increase of 0.89% over the previous fiscal. Vice Chairman and Vittal, also the managing director, drew an annual salary of Rs 20.2 crore, a 9.14% increase over last year. The company paid Rs 37,300 crores in license fee and spectrum usage charges to the state exchequer. It additionally paid Rs 28,900 towards spectrum obligations, including annual and prepayment of past spectrum dues in FY2025. "Over the past five years, Airtel's contribution to the Exchequer is nearly Rs 2.5 trillion, reflecting our commitment to national development," chairman Sunil Bharti Mittal said in the annual report. Airtel's revenue grew 17.9% on-year in FY25 to Rs 1.25 lakh crore with an EBITDA of Rs 57,909 crore, resulting in a lifetime-high revenue market share. "In mobility, we delivered a record-high revenue market share of ~40 percent and added over 9.3 million newcustomers in FY 2024-25," vice chairman and managing director Gopal Vittal said in the second-largest telecom operator had added 24 million net 4G/5G customers in FY25 even as its ARPU (average revenue per user), a key performance metric, increased by Rs 36 to Rs 245 during the period."Our focus remains on growing our postpaid base, driving smartphone upgrades and expanding international roaming penetration," Vittal added that while the much-awaited tariff repair took place in July 2024, there is need for further repair to ensure sustainable improvement in return on capital employed. Chairman Sunil Mittal said Airtel's coverage across the country further expanded in FY25 with the deployment of over 20,000 network sites and over 44,000 kilometers of fiber."I am also pleased to share that your Company is fully ready to transition to a standalone 5G network. This will happen when 5G becomes the mainstay wireless technology, while we continue to conduct pilot testing," Mittal closed the previous fiscal with over 135 million 5G users, compared to 72 million last year, reflecting rapid adoption and network expansion, the company said. The telco offers 5G services through a non-standalone architecture, which it said was a calculated decision resulting in significant savings in capex and network operating expenses. "This has enabled Airtel to deliver 5G services at the lowest TCO (Total cost of ownership)," Mittal Africa business faced macroeconomic headwinds but delivered a resilient performance in FY25. "The business continued its steady growth momentum , recording underlying constant currency revenue growth of 21% and EBITDA growth of 18%," Mittal said. "Airtel Africa's balance sheet remains healthy, with comfortable leverage. The majority of debt is now denominated in local currencies, effectively mitigating exposure to forex volatility," he added. The company's broadband business also gained momentum in India, adding 2.4 million new broadband customers, driven by its launch of fixed wireless services (FWA) in more than 2,500 cities. Airtel also achieved record high market share in the DTH (Direct to Home) industry, despite industry headwinds. "We are making structural changes to our DTH business by eliminating subsidies, which will benefit cash flow," Vittal B2B segment, however, saw slow overall growth, Vittal said, due to the company's deliberate shift away from low-margin, commodity had 13,593 permanent employees and 71,861 non-permanent workers as of March 31, 2025.
Mint
3 days ago
- Business
- Mint
Bharti Airtel slashes pay hikes for employees, including top brass
Vice chairman & managing director Gopal Vittal's pay rose 9%, after increasing more than 10% in FY24 and FY23. Vittal drew a salary of ₹ 20.2 crore in FY25. Sunil Bharti Mittal, chairman of Bharti Airtel, drew a salary of ₹ 32.5 crore, an increase of 0.9%. Soumen Ray, the chief financial officer, saw his salary increase 9.5% to ₹ 6.2 crore, compared to 13.7% in FY24. The moderation in increments comes even as Bharti Airtel clocked a consolidated revenue of ₹ 1.7 trillion in FY25, up 10.4% from the previous year. Airtel achieved a record-high revenue market share of 40% in mobile services during the year, the annual report quoted Mittal as saying. In FY24, revenue from operations rose 8% to ₹ 1.5 trillion. Median remuneration falling In the past two years the median remuneration of the company's employees – other than board of directors and key managerial personnel – declined. During FY25, the median employee remuneration fell 3.95%, after dropping 5.6% in FY24. Bharti Airtel said the revision was guided by the company's reward philosophy, external competitiveness and benchmarking, and was in keeping with its compensation and appraisal policy. 'The increase in managerial remuneration is within the overall limits approved by the shareholders of the company," Bharti Airtel said in the report. Also Read | Govt drops source code demand from telecom gear companies The median remuneration of employees other than managerial personnel in FY25 was ₹ 8.38 lakh for male employees and ₹ 8.17 lakh for female employees. In FY24 it was ₹ 8.61 lakh for male employees and ₹ 9 lakh for female employees. 'This is primarily on account of changes in the employee mix and internal role transitions/ movements across the group during the year, and hence, does not reflect any adverse impact on Company's overall compensation philosophy or actual remuneration levels," Airtel said. During the year, Airtel spent ₹ 6,309 crore on employee benefits, or about 3.6% of its revenue from operations. In the previous year, employee benefit expenses were ₹ 5,323 crore, according to its financial statements. At the end of March, Airtel had 20,310 employees on roll and 73,929 contractual employees, compared to 19,198 employees on roll and 65,446 contractual employees in FY24, according to the annual reports of the two years. Discipline on capex After incurring huge capital expenditure on the 5G rollout, Airtel said it was taking a disciplined approach to capex and financial fitness to create long-term value. 'Over the last five years, Airtel has made meaningful investments of over ₹ 1.6 trillion in expanding its digital infrastructure," Mittal said. He added that the company took a bold and calculated decision to deploy non-standalone 5G network architecture (5G NSA), resulting in significant savings in capex and network opex. Mittal added that the company was ready to transition to a standalone 5G network. 'This will happen when 5G becomes the mainstay wireless technology, while we continue to conduct pilot testing," he said. 5G Standalone (SA) runs entirely on new 5G technology, while 5G Non-Standalone (NSA) relies on existing 4G networks to deliver 5G speeds. In FY25, Airtel incurred capex of ₹ 30,300 crore as compared to ₹ 33,300 crore in FY24 and more than ₹ 40,000 crore in FY23. Tariff repair needed With ₹ 55,300 crore of operating free cash flow, Airtel paid ₹ 37,300 crore in licence fees and spectrum use charges to the government. It also paid ₹ 28,900 crore towards spectrum obligations, including annual and prepayment of past spectrum dues. 'Our focus remains on growing our postpaid base, driving smartphone upgrades and expanding international roaming penetration. 5G devices account for 85% of total smartphone shipments and we continue to capture our fair share of the 5G device market," Vittal said in the annual report. Also Read | India's satcom vs telecom fight just refuses to die However, he reiterated that the company needed further tariff repair to ensure a sustainable improvement in the return on capital employed. Tariff repair refers to increasing telecom tariffs to improve the financial health and profitability of telecom companies. This is often done to address factors such as rising operational costs, the need for investment in network upgrades (like 5G), and to achieve better return ratios.
United News of India
3 days ago
- Business
- United News of India
Bharti Airtel partners with Perplexity to serve customers with Pro subscription access
New Delhi, July 18 (UNI) In a latest customer-centric move, Bharti Airtel has partnered with Perplexity AI (AI-enabled web search engine) to offer free of cost access to Perplexity's Pro Subscription for a period of one year. Bharti Airtel is an Indian Telecommunications company headquartered in New Delhi. Currently, it provides 5G, 4G, and LTE (Long Term Evolution) advanced services across India. The partnership provides free access to Perplexity Pro Subscription to all Airtel customers. It is viable on Wi-Fi, Mobile, and DTH (Direct-to-Home) for one year. Users can access this facility by signing in to the 'Airtel Thanks App.' This collaboration marks the first strong entry of Perplexity in the Indian Telecom industry. Gopal Vittal (Vice Chairman and Managing Director, Bharti Airtel) pointed out the bringing of new AI-driven capabilities by this partnership. Vittal also highlighted that this collaboration will bring access to a real-time knowledge tool for millions of people. This is the first Gen-AI partnership in India with an emphasis on our customers and adopting the emerging trends. Aravind Srinivas (Co-founder, Perplexity AI) emphasizes that this collaboration will bring accurate, trustworthy, and professional-grade AI accessible to our customers in India. UNI SAS AAB
