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Mukesh Ambani, Chairman and Managing Director of Reliance Industries, has drawn zero salary for the fourth consecutive year.
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Ambani’s children, Akash, Isha, and Anant, received a sitting fee and commission for being on the company board.
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Ambani had previously capped his salary at Rs 15 crore from 2008-09 to 2019-20, demonstrating moderation in executive compensation levels.
Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, has chosen not to receive a salary for the fourth consecutive year. According to the company’s annual report, Ambani drew zero salary, allowances, and perquisites for the financial year 2023-24. This decision is part of his commitment to moderation in executive compensation levels, which he has maintained since 2008-09.
Ambani’s children, Akash, Isha, and Anant, were appointed to the company board in October last year and received a sitting fee and commission. Nita Ambani, Mukesh Ambani’s wife, served as a non-executive director until August 28, 2023, and received a sitting fee and commission. The annual report also highlighted the remuneration of cousins Nikhil and Hital Meswani, which rose to Rs 25.31 crore and Rs 25.42 crore respectively in 2023-24.
