Page 63 - Index

Mission-Critical Decisions, Made with Confidence.
Annexure IV to the Directors’ Report
Disclosures pursuant to Section 197(12) of the Companies Act, 2013, and Rule 5(1) of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
1. The ratio of remuneration of each Director to the median remuneration of the employees of the Company
and percentage increase in remuneration of each Director, CFO, CEO, Company Secretary or Manager,
if any, in the financial year:
Sl.
No.
Name of the Director % increase in
remuneration
Statutory Reports
a. Mr Ewout Steenbergen, ex-Chairman, Non-Executive Director(1) NA* NA*
b. Mr Yann Le Pallec, Chairman, Non-Executive Director(2) NA*
c. Ms Vinita Bali, Independent Director(3) 0.08 -97.80
d. Ms Nishi Vasudeva, Independent Director(4) 3.52 NA
e. Mr Girish Paranjpe, Independent Director 3.77 3.67
f. Ms Shyamala Gopinath, Independent Director 3.71 10.54
g. Mr Amar Raj Bindra, Independent Director 3.53 2.80
h. Mr Girish Ganesan, Non-Executive Director NA* NA*
i. Mr Saugata Saha, Non-Executive Director(5) NA* NA*
j. Mr Amish Mehta, MD & CEO(6) 77.50 23.82
k. Mr Sanjay Chakravarti, ex-CFO(7) NA 11.90
l. Mr Dinesh Venkatasubramanian, CFO(8) NA NA
m. Ms Minal Bhosale, Company Secretary NA 11.63
Ratio of the remuneration
to the median remuneration
of employees~
NA* *Since April 2015, S&P Global has waived sitting fees and commission payable to its nominees.
1. Resigned as a Non-Executive Director & Chairman w.e.f. February 16, 2024.
2. Appointed as Chairman w.e.f. February 17, 2024.
3. Retired as Independent Director w.e.f. February 13, 2024. Since remuneration is for a part of the year, it is not comparable with the previous year.
4. Appointed as Independent, Non-Executive Director w.e.f. January 27, 2024.
5. Appointed as Non-Executive Director w.e.f. February 17, 2024.
6. Remuneration increase covers impact of perquisite value of ESOS exercised during 2024 as well as special LTIP payment to MD&CEO, which vested
in 2024. Excluding ESOS perquisite value and special LTIP, the ratio of remuneration to median is 56.59.
7. Transitioned fully to the role of President – Risk & Compliance and relinquished office as CFO w.e.f. October 28, 2024. For the purpose of computing
% increase in remuneration, full year’s remuneration has been considered.
8. Appointed as CFO w.e.f. from October 28, 2024. Since this is his first year, % increase in remuneration is not applicable.
2. The % increase in median remuneration of employees in the financial year~: Median pay increased 11.53%
in 2024 compared with 2023.
3. The number of permanent employees on the rolls of the Company #: 4666
4. Average percentile increase already made in salaries of employees, other than the managerial
personnel, in the last financial year and its comparison with the percentile increase in the managerial
remuneration, and justification thereof and point out if there are any exceptional circumstances for
increase in the managerial remuneration~: Average increase in remuneration for 2024 over 2023 was 8.80%. The
managerial remuneration to KMP has increased by 25.76%. The KMP increase includes special LTIP payment to MD&CEO,
which vested in 2024 as well as one-time committed payment to the incoming CFO. Excluding special LTIP paid in 2024
to CEO & one-time pay to newly appointed CFO, the managerial remuneration to KMP has increased by 8.31%.
5. Affirmation that the remuneration is as per the Remuneration Policy of the Company: Yes
# Number of permanent employees on the rolls of the Company is on consolidated basis.
~ The information provided is for India-based employees only.
Annual Report 2024
61