Mukesh Ambani renounces the salary for the fifth consecutive year in Ril; The group of promoters earns a dividend worth 3,600 crosses
Mukesh Ambani, president of Reliance Industries, has chosen to build no salary for the fifth consecutive year, as detailed in the company’s last annual report. Ambani, who is one of the richest people in the world with an estimated net value at somewhat less than $ 100 billion, is mainly based on dividend income of its vast participation in the reliance industries as the main source of profits.
Since the start of the COVID-19 pandemic in 2020, Ambani has voluntarily chosen to give up his salary, his allowances and his sequis. His decision was initially motivated by the economic challenges posed by the pandemic, and he continues to maintain this position while the company works to fully maximize its profits.
Ambani’s financial dependence on dividends has been highlighted because it directly holds 1.61 a share of action in appeal, resulting in dividend income of 8.85 sterling books at the declared rate of 5.50 ₹ per share for the financial year 2024-25. In addition, the group companies of promoters he control have a majority participation in the company, which results in a substantial dividend income of 3,655 sterling books.
Before opting for a zero salary, Ambani had capped his annual remuneration at 15 crore of ₹ from the 2008-2009 financial year until 2019-20, giving an example of managers in remuneration of managers. This decision was part of its wider strategy to align itself with the growth and societal well-being of the company.
On the other hand, the children of Ambani, ISHA, Akash and Anant, appointed to the Board of Directors of Reliance in 2023, received rest costs and nominal commissions. Annant, the youngest, has since been appointed executive director, with a new salary range between 10 crores and 20 crores ₹ for this exercise.
Other members of the board of directors, including independent administrators, have received constant compensation with previous years, now a commission of 2.25 ₹ ₹ as well as rest costs. This reflects the structured return of reliance for the remuneration of members of the board of directors in the midst of broader strategic adjustments.
The cousins’ remuneration packages of Ambani, Nikhil and Hital Meswani, experienced a slight drop, while the executive director PMS Prasad experienced an increase in his income, awarded to performance -related incentives. These changes illustrate the flexible remuneration strategy but focused on business performance.
Ambani’s decision to continue without salary underlines a commitment to lead the company through sustained growth and stability. While Reliance navigates the dynamics of the complex market, the president’s actions resonate with its long -standing approach to balance the responsibility of leadership with financial prudence.
