IndiGo’s President and whole-time Directortook home Rs 27 crore in salary, including Rs 20.9 crore in one-time incentive for the financial year ended March 31, 2016.
India’s most profitable airline was also generous in rewarding its 12,000-plus employees who received an average 42 per cent rise in remuneration in FY16.
Ghosh received the incentive “in recognition of his efforts towards the growth and success of the company during the financial year ending March 31, 2016,” the airline said in its annual report.
Ghosh earned Rs 27 crore in gross salary and 700,000 shares in stock options in FY16. In FY15, he had received a gross remuneration of Rs 3.7 crore, according to the airline’s initial public offering prospectus.