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The number of executives earning more than Rs 1 crore per annum in three companies, namely, Hindustan Unilever (HUL), ITC and United Spirits (USL), has increased by 130 in the last year alone, an Economic Times report stated. Currently, HUL has 163 employees earning over Rs 1 crore. ITC and USL currently have 220 and 49 such employees, respectively.
The report added that in the last fiscal, FY22, the number of such executives rose by 33 per cent, 44 per cent and 113 per cent in HUL, ITC and USL, respectively.
HUL is the largest FMCG company in India. ITC, on the other hand, is the largest producer of cigarettes, agriculture as well as paper products, including registers. USL is
