International Travel House

International Travel House Limited

Annexure to the Report of the Board of Directors
For the Financial Year Ended 31st March, 2025
Annexure 5

B. Information pursuant to Section 197 of the Companies Act, 2013 read with Rules 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

Names of employees	Age	Designation	Gross Remuneration (₹)	Net Remuneration (₹)	Qualifications	Experience (Years)	Date of commencement of employment	Previous Employment / Position held
1	2	3	4	5	6	7	8	9
Top ten employees in terms of remuneration drawn
A. Moodliar*	60	Managing Director	2,29,94,517	1,16,90,203	B.Com, Masters Diploma in Business Administration	32	1-Feb-2023	ITCHotelsLimited**, Vice President - Marketing
G. Chadha*	51	Chief Financial Officer	1,10,26,606	63,65,413	ACA	28	21-Apr-2023	Head of Finance - Fortune Park Hotels Limited, a wholly owned subsidiary of ITCHotelsLimited***
S. Mewari*	52	Head - Information Technology	82,96,940	43,00,922	B.Sc (Hons) Physics, PG Diploma in Computer Science	28	1-Nov-2022	ITC HotelsLimited**, Head - Information Technology
A. Mathur	54	Head - Business Travel	51,79,634	37,58,495	B.A, Software Diploma (3 yrs) from NIIT (Certificate)	31	4-Sep-2023	Yatra Online Limited, Vice President - Operations
P. S. Banerjee	53	Head - Mobility	49,11,799	36,87,711	B. Com, ICWA	29	1-Jan-2023	Carzonrent (India) Pvt. Ltd., Chief Supply Officer
M. Gulati	38	Company Secretary	43,04,122	32,57,950	B. Com, CS, Master in Business Law	15	1-Jul-2021	PVR Limited, Senior Manager - Company Secretarial
V. Kathuria	41	Sr. General Manager - Finance	40,85,589	30,47,331	B. Com, CA	19	1-Mar-2019	Dnata, Senior Manager - Finance
S. Jena	54	General Manager - Finance	31,61,733	24,45,946	M.Com, ICWA (Inter)	26	1-May-2012	FCM Travel Solutions, Regional Finance Manager - North & East
S. Mathur	49	General Manager - Operations (North, West, CCC and TAS India)	29,49,123	23,50,427	B.Com, Diploma in International Airlines & Travel Management, Diploma in Marketing	27	20-Nov-2017	Yatra Corporate Hotel Solutions, General Manager - Operations, Relationship Management & International Contracting.
S. Majumdar*	57	Head - Human Resources	22,94,519	13,07,636	B. Sc (Hons), MBA	34	1-Sep-2024	Head - Human Resources & Training - Fortune Park Hotels Limited, a wholly owned subsidiary of ITC Hotels Limited***
Employees earning more than ₹ 1.02 Cr per annum:
None
Employees earning more than ₹ 8.5 lakh per month for part of year:
None
Employees earning more than MD:
NIL

* On deputation from ITC Hotels Limited (ITCHL).
**Formerly ITC Limited Hotels Division.
*** Formerly wholly owned subsidiary of ITC Limited

Notes:

In respect of employees on deputation, gross remuneration disclosed as above is the deputation cost which is borne by the Company.
For all other employees, gross remuneration includes salary, variable pay / performance bonus, Company’s contribution to provident fund, allowances & other benefits / applicable perquisites borne by the Company, except provisions for gratuity and leave encashment which are actuarially determined on an overall Company basis. The term ‘remuneration’ has the meaning assigned to it under the Companies Act, 2013.
Net remuneration comprises cash income less income tax & education cess deducted at source and employee’s own contribution to provident fund.
Certain employees who were on deputation granted Stock Options under its Employee Stock Option Schemes of ITC and ITCHL at ‘market price’ [within the meaning of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021]. Since such Stock Options are not tradeable, no perquisite or benefit is immediately conferred upon the employee by grant of such Options and accordingly the said grant has not been considered as remuneration.
All appointments (except in case of employees on deputation) are / were contractual in accordance with terms and conditions as per Company’s rules.
The aforesaid employees are neither related to any Director of the Company nor hold any equity share in the Company

International Travel House Limited

Notes:

Important Alert