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Apollo Tyres promoters who earned over ₹42cr each take 30% pay cut
short by Krishna Veera Vanamali / on Wednesday 14 November, 2018
Apollo Tyres promoters Onkar Kanwar and his son Neeraj Kanwar, who are Chairman and Vice Chairman respectively, have agreed to take a 30% pay cut for 2018-19. Onkar Kanwar and Neeraj Kanwar drew ₹45 crore and ₹42.75 crore salary, respectively, in 2017-18. Neeraj's remuneration jumped 42.36% last fiscal even as the company's profit fell 34% during the period.
read more at Bloomberg Quint