Mukesh Ambani, the chairman of Reliance Industries, did not receive any compensation from RIL in the fiscal year that concluded on March 31.
In the fiscal year ending March 31, Mukesh Ambani, India's richest man, kept his annual income from his flagship company Reliance Industries capped at Rs 15 crore for the 12th year in a row and then opted to sacrifice the full compensation because to the Covid-19 outbreak.
Ambani is valued at $85.8B and is ranked #10 on Forbes' Billionaires 2021 list.
Since 2008-09, Ambani has kept his pay, perquisites, allowances, and commission all at Rs 15 crore, forgoing over Rs 24 crore per annum.
Nikhil and Hital Meswani
Nikhil and Hital Meswani's (Cousins)remuneration stayed steady at 24 crore, according to the annual report.
Nikhil R Meswani and Hital R Meswani, Ambani's cousins, saw their salary increase to Rs 24 crore each from Rs 20.57 crore two year ago. In 2017-18, they earned Rs 19.99 crore apiece, compared to Rs 16.58 crore in 2016-17. Nikhil earned Rs 14.42 crore in 2015-16, while Hital earned Rs 14.41 crore. They received Rs 12.03 crore apiece in 2014-15.
Nita Ambani, a non-executive director on the company's board, earned an annual sitting fee of 8 lakh and a commission of 1.65 crore. Nita Ambani, a non-executive director on the company's board, earned Rs 7 lakh as a sitting fee last year, which was unchanged from the previous year.
Ambani's salary and allowances
Ambani's salary and allowances for the 2019-20 fiscal year totaled Rs 4.36 crore, which is slightly less than the Rs 4.45 crore he received in the previous fiscal year.
Perquisites have increased to Rs 40 lakh from Rs 31 lakh, but the commission has remained unchanged at Rs 9.53 crore. The pension benefit was worth Rs 71 lakh.
Last year, Reliance, the highest-ranking Indian firm on Forbes' Global 2000 list of the world's largest public firms, made headlines when it sold a third of Jio for more than $20 billion to a consortium that included Facebook, Google, Intel, and Robert F. Smith's Vista Equity Partners.