Here's why Mukesh Ambani’s salary remained same for last 11 years
Here's why Mukesh Ambani’s salary remained same for last 11 years

Mukesh Ambani’s annual salary from his flagship has been constant at Rs 15 crore for 11 years in a row.
Even though all other executive directors saw their remunerations go up, Ambani volunteered to cap his compensation at Rs 15 crore in October 2009 amid a debate over right-sizing of CEO salaries.
Ambani has kept salary, perquisites, allowances and commission together at Rs 15 crore since 2008-09, forgoing over Rs 24 crore per annum, according to a PTI report.
His remuneration for 2018-19 fiscal year included Rs 4.45 crore as salary and allowances which is a bit lower than Rs. 4.49 crore, his remuneration for fiscal year 2017-18.
"Compensation of Shri 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," RIL said in its latest annual report.
This is at a time when remunerations of all whole-time directors of the company, including cousins Nikhil and Hital Meswani, saw a handsome increase in the fiscal year ended March 31, 2019.
Ambani's cousins Nikhil R Meswani and Hital R Meswani saw their compensation rise to Rs 20.57 crore each.
Also, one of his key executives, Executive Director P M S Prasad saw his remuneration go up to Rs 10.01 crore from Rs 8.99 crore in the previous year.
RIL's non-executive directors, including Mukesh Ambani's wife Nita Ambani, also got Rs 1.65 crore each as commission, besides sitting fees.
The commission was Rs 1.5 crore in 2017-18 and Rs 1.3 crore in the previous year.