Wednesday, July 21, 2010

SKS MICRO FINANCE IPO - SALARY DETAILS OF TOP EXECUTIVES - BLOOD SUCKED FROM THE POOR

Suresh Gurumani - Managing Director of the Company.

The total monthly salary is Rs. 12, 50,000, comprising of the following;

Basic Salary – Rs. 585,206
House Rent Allowance – Rs. 234,082
Children Education Allowance – Rs. 200
Medical Allowance – Rs. 1,250
Fuel Reimbursement – Rs. 9,000
Leave Travel Allowance – Rs. 43,890
Driver’s Salary – Rs. 7,000
Vehicle Maintenance and Insurance - Rs. 7,000
Food Vouchers - Rs. 7,500
Post Allowance - Rs. 275,284
Employer Contribution to Provident Fund - Rs. 79,588

In addition to the above, Mr. Suresh Gurumani is entitled to a onetime bonus of Rs. 10,000,000, which was paid in April 2009.


Dr. Vikram Akula Rs 70.00 lacs p.a. In addition, ESOP amounting to Rs10.97lacs, totaling Rs 1.79cr p.a.


What an irony, they are trying to eradicate poverty!

No comments:

Post a Comment