Kishore Biyani’s remuneration fell 44% to Rs 2.17 crore last fiscal

The remuneration of Kishor Biyani, Chairman of debt-ridden Future Retail Ltd, declined nearly 44 per cent to Rs 2.17 crore in the last financial year.

In 2020-21, business activities were hit by the coronavirus pandemic.

Biyani’s annual remuneration stood at Rs 3.86 crore in 2019-20, according to Future Retail Ltd’s (FRL) annual report for 2020-21.

FRL’s Managing Director Rakesh Biyani also saw his remuneration decline by 4.82 per cent to Rs 3.75 crore in the financial year ended March 31, 2021. His remuneration was Rs 3.94 crore in the year-ago period.

The company’s Non-Executive Independent Directors voluntarily agreed and decided not to take any amount towards the commission in the last financial year.