Ambani had voluntarily given up his remuneration because of the coronavirus pandemic affecting industry and the economic system.
RIL in its newest annual record stated Ambani’s remuneration for the monetary yr 2020-21 used to be “nil”.
Reliance Industries Chairman and Managing Director Mukesh Ambani in June 2020 voluntarily made up our minds to forego his wage for 2020-21. He took this determination because of the corona virus epidemic, which had a foul impact at the financial and commercial well being of the rustic.
Ambani didn’t take his wage even in 2021-22.
He didn’t avail of any allowances, perquisites, retirement advantages, commissions or inventory choices from Reliance for his position as Chairman and Managing Director in each those years.
Earlier, environment a non-public instance, he had capped the wage of the Chairman and Managing Director to Rs 15 crore from 2008-09.
The remuneration of his cousins Nikhil and Heital Meswani remained unchanged at Rs 24 crore, however this time incorporated a fee of Rs 17.28 crore.
There used to be a marginal drop within the remuneration of Executive Directors PMS Prasad and Pawan Kumar Kapil.