Reliance Industries Chairman Mukesh Ambani has not increased his salary package for the 11th consecutive year. His package is stable at Rs.15 crores from 2008-09. The company’s annual report states that Mukesh Ambani has not increased the salary while continuing the desire to present a personal precedence for lowering the salary at the management level.
“The chairman and managing director’s compensation has been set at Rs 15 crore as against Rs 38.86 crore as per shareholders’ approval, reflecting his desire to continue to set a personal example for moderation in managerial compensation levels,” RIL said in its annual report for the financial year ended March 31, 2014.
His remuneration for 2013-14 included Rs 4.16 crore as salary, perquisites and allowances of Rs 60 lakh, retirement benefits of Rs 82 lakh and Rs 9.42 crore as commission on profit.