Reliance Industries Chairman and Managing Director Mukesh Ambani has as soon as once more opted to forego his whole wage for the fiscal 12 months 2024. This marks the fourth consecutive 12 months that Ambani has chosen not to attract any remuneration from the corporate. The choice was initially made in response to the Covid-19 pandemic within the 12 months 2020. These particulars have been disclosed in Reliance Industries’ annual report.
Whereas Ambani took zero wage, different prime executives at Reliance noticed their compensation go up.Ambani’s cousins, Nikhil and Hital Meswani, acquired pay raises, as did Government Director PMS Prasad. The remuneration of Nikhil and Hital Meswani rose to Rs 25.31 crore and Rs 25.42 crore, respectively, in FY24 from Rs 25 crore every in FY23. This included Rs 17.28 crore fee which has been fixed for the final two fiscals. Government director PMS Prasad noticed his remuneration rise to Rs 17.93 crore.
The corporate’s board of administrators additionally noticed modifications in compensation. Ambani’s spouse Nita, who was a non-executive director on the corporate’s board until August 28, 2023, earned Rs 2 lakh as sitting payment and one other Rs 97 lakh fee for the 12 months.
His three youngsters – Isha, Akash, and Anant – who had been appointed to the board in October final 12 months at “nil” wage, acquired Rs 4 lakh every as a sitting payment and Rs 97 lakh as fee.
Different non-executive administrators embody Adil Zainulbhai, Raminder Singh Gujral, Shumeet Banerji, former SBI chairperson Arundhati Bhattacharya, former CVC Ok V Chowdary, veteran banker Ok V Kamath and Saudi sovereign wealth fund nominee Yasir Othman H Al Rumayyan.
All unbiased administrators acquired Rs 2.25 crore fee towards Rs 2 crore in FY23, and sitting payment.
Whereas Ambani took zero wage, different prime executives at Reliance noticed their compensation go up.Ambani’s cousins, Nikhil and Hital Meswani, acquired pay raises, as did Government Director PMS Prasad. The remuneration of Nikhil and Hital Meswani rose to Rs 25.31 crore and Rs 25.42 crore, respectively, in FY24 from Rs 25 crore every in FY23. This included Rs 17.28 crore fee which has been fixed for the final two fiscals. Government director PMS Prasad noticed his remuneration rise to Rs 17.93 crore.
The corporate’s board of administrators additionally noticed modifications in compensation. Ambani’s spouse Nita, who was a non-executive director on the corporate’s board until August 28, 2023, earned Rs 2 lakh as sitting payment and one other Rs 97 lakh fee for the 12 months.
His three youngsters – Isha, Akash, and Anant – who had been appointed to the board in October final 12 months at “nil” wage, acquired Rs 4 lakh every as a sitting payment and Rs 97 lakh as fee.
Different non-executive administrators embody Adil Zainulbhai, Raminder Singh Gujral, Shumeet Banerji, former SBI chairperson Arundhati Bhattacharya, former CVC Ok V Chowdary, veteran banker Ok V Kamath and Saudi sovereign wealth fund nominee Yasir Othman H Al Rumayyan.
All unbiased administrators acquired Rs 2.25 crore fee towards Rs 2 crore in FY23, and sitting payment.
