HUL), which had held the record in India’s consumer goods market. While ITC added nearly 39 new crorepati managers last year, HUL saw a marginal fall—to 123 from 129 in FY20, as per the latest disclosures by both companies in their annual reports. This was despite HUL merging GSK Consumer with itself, a move that added 3,500 employees to the workforce, including 21 managers drawing salaries of more than Rs 1 crore. To be sure, unlike pure-play consumer goods maker HUL, ITC is a conglomerate with multiple businesses including FMCG. These include cigarettes and cigars, packaged food products, personal care, stationery, safety matches and agarbattis. It also operates the country’s secondlargest hotel chain, the largest agri-business company in the private sector, and the largest paperboard maker. Each business of ITC has a CEO and a senior leadership team.