Richest Indian Mukesh Ambani has kept his annual salary from company Reliance Industries capped at Rs 15 crore for the tenth year on the trot.
India’s richest man, Mukesh Ambani has capped annual salary for him at Rs 15 crore for the tenth year on the trot. Mr Ambani voluntarily capped annual package for him in October 2009 amid a debate over right-sizing of CEO salaries. He has kept salary, perquisites and allowances and commission together at this amount forgoing almost Rs 24 crore per annum.
RIL said in its latest annual report that Compensation of Mukesh D Ambani, Chairman and Managing Director, has been set at Rs 15 crore, reflecting his desire to continue to set a personal example for moderation in managerial compensation levels.
However, all other executive directors saw their remunerations go up. Ambani’s cousins Nikhil R Meswani and Hital R Meswani got rise to Rs 19.99 crore each. They had earned Rs 16.58 crore each in 2016-17. In 2015-16, Nikhil had got Rs 14.42 crore while Hital took home Rs 14.41 crore. In 2014-15, they had got Rs 12.03 crore each.

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