NEW DELHI: Lakshmi Mittal, chairman and CEO of world's largest steel-maker ArcelorMittal and one of the richest Indians, took a 38 percent cut in his salary and perks last year amid his firm reporting second consecutive loss in two years.

As per the annual report of ArcelorMittal for 2013, Mittal was paid $2.29 million as salary and perks last year, down 38.29 percent, from 2012's $3.71 million. His base salary declined marginally by 0.57 percent to $1.76 million, while his short term performance related pay went down by over 72 percent to $0.53 million.

However, Mittal was allotted 1,50,576 long term performance share units (PSUs), a jump of 20 times than that of last year's 7,500 PSUs.

Interestingly, pay cheques of all board members, other than Mittal, rose in 2013 despite the poor performance of the company. This includes Mittal's daughter Vanisha Mittal Bhatia, who got nearly 7 percent hike in her compensation at $1,84,000.

The report, however, did not mention compensation given to Mittal's son and company's CFO Aditya Mittal as he is not a Board member.

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