Jubilant Agri & Consumer Products CEO Manu Ahuja - Insights Into His Career And Salary

Jubilant Agri and Consumer Products Limited (JACPL) has announced the sudden passing of its CEO and Whole-Time Director, Mr. Manu Ahuja.

In a exchanges filing, the company said, 'We regret to inform you of the sudden and sad demise of Mr. Manu Ahuja, Whole-time Director & CEO of JACPL, on Saturday, December 9, 2023. Mr. Ahuja's sudden and unexpected passing away will be an irreparable loss to JACPL'

Mr. Manu Ahuja, with over 27 years of rich and diverse professional experience, has made significant contributions in various industries both in India and Southeast Asia. He was an alumnus of XLRI Jamshedpur and Thapar Institute of Engineering, Patiala and started his career at Coats Viyella in 1991. Prior to his role at Jubilant, he served as President South Asia for ASSA ABLOY Asia Pacific, managing operations across 18 countries. His leadership journey also included key positions at Whirlpool and Akzo Nobel.

As per the company's filing, Mr. Manu Ahuja was serving as the CEO & Managing Director and was re-appointed from May 10, 2021, to May 9, 2024, without any remuneration for his role in the company. During the financial year, he received no salary from this position. However, he was compensated for his role as the CEO & Whole-time Director of Jubilant Agri and Consumer Products Limited, a subsidiary of the company. He was granted 30,000 stock options under the ‘JIL Employees Stock Option Scheme 2013’ and 13,700 stock options under the ‘JIL Employees Stock Option Scheme 2018’ and he exercised options for 36,000 shares.

In the financial year 2023, Manu Ahuja, serving as the Whole-time Director, received a remuneration, including perquisites, amounting to Rs 6.62 crores (approximately). This marked an increase from the previous year, where his remuneration totaled Rs 5.04 crores in FY 2022, as per the company's filing.