Mukesh Ambani Salary

Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy.

The oil, telecom and retail conglomerate now expects to reach zero net debt ahead of the March 2021 target Mukesh Ambani had set in August.

Lockdown of billions of people by governments across the world to contain the pandemic is leading to a gloomy outlook for global oil demand.

The company has also decided to cut employees' pay by up to 50 per cent

India's Reliance Industries has cut the pay of employees by up to 50 per cent, according to a company letter, in wake of the coronavirus pandemic.

Reliance Industries revealed that the decision was taken by the shareholders at the company's 41st annual general meeting (AGM) held recently.

India's richest man, Mukesh Ambani, has kept his salary unchanged for the 10th consecutive year.

Mukesh Ambani's compensation includes salary and allowances, perquisites, retiral benefits, and commission payable.

Mr Ambani voluntarily capped his compensation at Rs 15 crore in October 2009 amid a debate over right-sizing of CEO salaries.

From Ambanis and Adanis to Premjis and Khorakiwalas, several generation-next leaders of India's leading family-run businesses have joined the crorepati club when it comes to their salaries and other perks.

Reliance Industries' Chairman and Managing Director Mukesh Ambani kept his annual salary capped at Rs 15 crore for the eighth year in a row even as the remuneration of all executive directors on firm's board rose.

Billionaire industrialist and India's richest Mukesh Ambani has not taken a pay hike for seven years, but his salary is over 205-times that of the median employee remuneration at Reliance Industries Ltd (RIL).

Reliance Industries chairman and managing director Mukesh Ambani kept his annual salary capped at Rs 15 crore for the seventh year in a row even as the remuneration of most directors declined marginally.

Mr Ambani, the richest Indian, has kept salary, perquisites and allowances and commission at Rs 15 crore since 2008-09, foregoing almost Rs 24 crore per annum.

Reliance Industries' billionaire chief Mukesh Ambani has kept his annual salary capped at Rs 15 crore for the fifth year in a row, while foregoing nearly Rs 24 crore from the remuneration approved for him by shareholders.

Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy.

The oil, telecom and retail conglomerate now expects to reach zero net debt ahead of the March 2021 target Mukesh Ambani had set in August.

Lockdown of billions of people by governments across the world to contain the pandemic is leading to a gloomy outlook for global oil demand.

The company has also decided to cut employees' pay by up to 50 per cent

India's Reliance Industries has cut the pay of employees by up to 50 per cent, according to a company letter, in wake of the coronavirus pandemic.

Reliance Industries revealed that the decision was taken by the shareholders at the company's 41st annual general meeting (AGM) held recently.

India's richest man, Mukesh Ambani, has kept his salary unchanged for the 10th consecutive year.

Mukesh Ambani's compensation includes salary and allowances, perquisites, retiral benefits, and commission payable.

Mr Ambani voluntarily capped his compensation at Rs 15 crore in October 2009 amid a debate over right-sizing of CEO salaries.

From Ambanis and Adanis to Premjis and Khorakiwalas, several generation-next leaders of India's leading family-run businesses have joined the crorepati club when it comes to their salaries and other perks.

Reliance Industries' Chairman and Managing Director Mukesh Ambani kept his annual salary capped at Rs 15 crore for the eighth year in a row even as the remuneration of all executive directors on firm's board rose.

Billionaire industrialist and India's richest Mukesh Ambani has not taken a pay hike for seven years, but his salary is over 205-times that of the median employee remuneration at Reliance Industries Ltd (RIL).

Reliance Industries chairman and managing director Mukesh Ambani kept his annual salary capped at Rs 15 crore for the seventh year in a row even as the remuneration of most directors declined marginally.

Mr Ambani, the richest Indian, has kept salary, perquisites and allowances and commission at Rs 15 crore since 2008-09, foregoing almost Rs 24 crore per annum.

Reliance Industries' billionaire chief Mukesh Ambani has kept his annual salary capped at Rs 15 crore for the fifth year in a row, while foregoing nearly Rs 24 crore from the remuneration approved for him by shareholders.