in a Dynamic Environment - Tata Consultancy Services

(Rs. in crores)
2009 2008
Remuneration to Key Management Personnel
Mr. S. Ramadorai 4.10 3.37
Mr. S. Mahalingam 1.70 2.31
Mr. N. Chandrasekaran 1.92 1.41
Mr. Phiroz Vandrevala 1.41 1.00
Mr. S. Padmanabhan *
*ceased to be an Executive Director w.e.f. 06.02.2008
- 0.92
14) Managerial Remuneration
2009 2008
(Rs. in crores) (Rs. in crores)
1. Managing Director and other Whole-time Directors
(a) Salaries (including Company contribution to Provident and
Superannuation funds) 1.66 1.26
(b) Commission 5.75 5.60
(c) Estimated value of perquisites and allowances 1.72 1.16
9.13 8.02
2. Non Whole-time Directors
(a) Commission 3.60 3.00
(b) Sitting fees 0.07 0.06
3.67 3.06
Total Remuneration
Notes:
12.80 11.08
1) The above figures do not include provisions for encashable leave, gratuity and premium paid for Group Health
Insurance as separate actuarial valuation / premium paid are not available for the Whole-time Directors.
2) Computation of Net Profit in accordance with Section 309 (5) of the Companies Act, 1956.
2009 2008
(Rs. in crores) (Rs. in crores)
Profit before taxes and exceptional items
Add:
5139.69 5003.86
(a) Managerial Remuneration 12.80 11.08
(b) Loss on sale of long-term investments - 5.14
(c) Provision for bad and doubtful debts and advances 46.48 19.10
Less:
59.28 35.32
(a) Profit on sale of mutual funds and other current investments (net) 48.98 13.49
(b) Capital profits on sale of fixed assets 9.71 0.45
58.69 13.94
Net Profit as per Section 309 (5) of the Companies Act, 1956
Commission:
5140.28 5025.24
(a) Whole-time Directors 5.75 5.60
(b)
Note:
Non Whole-time Directors 3.60 3.00
The remuneration payable to the Whole-time Directors is subject to approval of the shareholders.
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