Media baron Kalanithi Maran and his wife Kavery Kalanithi took R71.4 crore each as salary plus bonus during the financial year 2015-2016.
Media baron Kalanithi Maran and his wife Kavery Kalanithi took Rs 71.4 crore each as salary plus bonus during the financial year 2015-2016. While salary levels of Maran and his wife remained the same as that of the previous year, bonus component has seen an increase by over 21%, scaling up the total remuneration by around 17%, according to the annual report of the Sun TV Network.
Kalanithi Maran is executive chairman of Sun Group while Kavery Kalanithi, his wife, holds the post of the executive director. Both Kalanithi and Kavery had received R13.14 crore as salary in FY 2016 and as well as in FY 2015. However, the bonus income for both had risen to R58.33 crore in FY16 as against R48.13 crore in FY15. At the end of FY16, Maran earned a dividend of R458.12 crore as compared to R399.02 crore the previous year.
The total income of the firm for the year ended March 31, 2016 was up by 6.94% at R2,493.30 crore as against R2,331.45 crore during the year ended March 31, 2015.
The sustained growth and consistent higher margins are reflective of the company’s continued dominance in broadcasting business in the southern states. The firm’s net profit was up by 17.64% at R867.25 crore as against R737.23 crore in the previous year, said the annual report.
Analysing the media and entertainment industry, the firm said the digitalisation drive by the Centre along with addressability for cable television would help Sun TV Network. Being the largest regional TV network and one of the key players in the DTH space, it is expected that the new stream of revenue for the firm arising from the increased DTH subscriber base in south India would maintain a positive momentum in the coming years.