Schedules to the financial statements for the year ended March 31, 2011
23.4 Transactions with key management personnel
Key management personnel comprise directors and members of Executive Council.
Particulars of remuneration and other benefits paid to whole-time directors and members of Executive Council during the year ended March 31, 2011 and March 31, 2010 are as follows :
in 
crore
Name |
Salary |
Contributions to provident and other funds |
Perquisites and incentives |
Total remuneration |
Co-Chairman (1) Nandan M. Nilekani |
– |
– |
– |
– |
0.09 |
0.02 |
0.23 |
0.34 |
|
Chief Executive Officer and Managing Director S. Gopalakrishnan |
0.34 |
0.08 |
0.69 |
1.11 |
0.32 |
0.08 |
0.61 |
1.01 |
|
Chief Operating Officer and Director S. D. Shibulal |
0.34 |
0.08 |
0.66 |
1.08 |
0.31 |
0.08 |
0.56 |
0.95 |
|
Whole-time directors K. Dinesh |
0.34 |
0.08 |
0.68 |
1.10 |
0.32 |
0.08 |
0.61 |
1.01 |
|
T. V. Mohandas Pai |
0.43 |
0.10 |
2.56 |
3.09 |
0.36 |
0.08 |
2.69 |
3.13 |
|
Srinath Batni |
0.43 |
0.10 |
1.76 |
2.29 |
0.36 |
0.07 |
1.98 |
2.41 |
|
Executive Council Members |
||||
Chief Financial Officer V. Balakrishnan |
0.38 |
0.08 |
2.15 |
2.61 |
0.30 |
0.08 |
2.06 |
2.44 |
|
Ashok Vemuri |
2.22 |
– |
3.10 |
5.32 |
2.09 |
– |
2.79 |
4.88 |
|
Chandra Shekar Kakal |
0.34 |
0.08 |
2.16 |
2.58 |
0.28 |
0.06 |
1.73 |
2.07 |
|
B. G. Srinivas |
1.94 |
– |
2.99 |
4.93 |
1.81 |
– |
2.75 |
4.56 |
|
Subhash B. Dhar |
0.30 |
0.08 |
1.69 |
2.07 |
0.24 |
0.07 |
1.42 |
1.73 |
Note : (1) Effective July 9, 2009, Nandan M. Nilekani relinquished the positions of Co-Chairman and Member of the Board
Particulars of remuneration and other benefits of non-executive / independent directors for the years ended March 31, 2011 and March 31, 2010 :
in crore
Name |
Commission |
Sitting fees |
Reimbursement of |
Total |
Independent directors Deepak M. Satwalekar |
0.59 |
– |
0.01 |
0.60 |
0.60 |
– |
– |
0.60 |
|
Prof. Marti G. Subrahmanyam |
0.79 |
– |
0.23 |
1.02 |
0.65 |
– |
0.20 |
0.85 |
|
Dr. Omkar Goswami |
0.51 |
– |
0.03 |
0.54 |
0.52 |
– |
0.03 |
0.55 |
|
Claude Smadja (1) |
0.23 |
– |
0.09 |
0.32 |
0.59 |
– |
0.25 |
0.84 |
|
Rama Bijapurkar (2) |
0.04 |
– |
– |
0.04 |
0.49 |
– |
0.02 |
0.51 |
|
Sridar A. Iyengar |
0.69 |
– |
0.24 |
0.93 |
0.62 |
– |
0.21 |
0.83 |
|
David L. Boyles |
0.65 |
– |
0.34 |
0.99 |
0.59 |
– |
0.15 |
0.74 |
|
Prof. Jeffrey S. Lehman |
0.67 |
– |
0.13 |
0.80 |
0.61 |
– |
0.24 |
0.85 |
|
K. V. Kamath |
0.56 |
– |
0.01 |
0.57 |
0.39 |
– |
0.02 |
0.41 |
|
R. Seshasayee (3) |
0.10 |
– |
– |
0.10 |
– |
– |
– |
– |
|
Non-executive Chairman and Chief mentor N. R. Narayana Murthy |
0.61 |
– |
– |
0.61 |
0.57 |
– |
– |
0.57 |
| Notes : | (1) | Retired from the board effective August 30, 2010 |
| (2) | Resigned from the board effective April 13, 2010 | |
| (3) | Joined the board effective January 13, 2011 |