Remuneration to Managing Director, Whole-time Directors and/or Manager:

Sl. Particulars of Remuneration Name of MD/WTD/Manager Amount in (`)

No.
Guenter Butschek* Ravindra Pisharody Satish B Borwankar
Gross salary
(a) Salary as per provisions contained in section 17(1) of the 142,707,059 23,686,531 23,408,663 189,802,253
Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 12,878,121 4,842,511 1,145,289 18,865,921
(c) Profits in lieu of salary under - - - -
2. Stock Option - - - -
3. Sweat Equity - - - -
4. Commission - - - -
- as % of profit - - - -
- others, specify… - - - -
5. Others, please specify - - - -
Total (A) 155,585,180 28,529,042 24,553,952 208,668,174
Ceiling as per Schedule V of the Act - 53,172,263 53,172,263

Remuneration to other directors:

Amount in (`)
Sl. no. Particulars of Remuneration Name of Directors Total
1. Independent Directors N N Wadia Dr Mashelkar N Munjee S Bhargava V K Jairath F Nayar

• Fee for attending board/committee meetings 660,000 1,560,000 1,440,000 900,000 1,580,000 1,440,000 7,580,000
• Commission Nil Nil Nil Nil Nil Nil Nil
• Others, please specify Nil Nil Nil Nil Nil Nil Nil
Total (1) 660,000 1,560,000 1,440,000 900,000 1,580,000 1,440,000 7,580,000
2. Other Non-Executive Directors C P Mistry Dr Speth N Chandrasekaran
• Fee for attending board/committee meetings 660,000 Nil 240,000 900,000
• Commission Nil Nil Nil Nil
• Others, please specify Nil Nil Nil Nil
Total (2) 660,000 Nil 240,000 900,000
Total (B)=(1+2) 8,480,000
Total Managerial Remuneration Nil
Overall Ceiling as per the Act Not Applicable as only sitting fees paid
Mr Mistry resigned on December 19, 2016, Mr Wadia ceased to be a Director w.e.f. from December 22, 2016 and Mr N Chandrasekaran was
appointed as Additional Director and Chairman on January 17, 2017