Mukesh Ambani Draws No Salary For 5th Year

The Chairman and Managing Director of RIL Sets an exceptional example in the corporate world

Mr Mukesh D. Ambani, the Chairman and Managing Director, Reliance Industries;

FinTech BizNews Service

Mumbai, August 7, 2025: In June 2020, Mr Mukesh D. Ambani, the Chairman and Managing Director, Reliance Industries; had voluntarily decided to forego his entire remuneration including salary, allowances, perquisites, retiral benefits as well as any commissions for the year, in light of the COVID-19 outbreak in India, which exacted a huge toll on the societal, economic and industrial health of the nation. He continued to forego his entire remuneration in year 2021-22, in year 20 22-23, in 2023-24, and now for 2024-25 as well, according to Reliance Industries' Annual Report FY2024-25.

This is an exceptional example in today’s corporate world, where excessive executive compensations are a matter of great concern.

Prior to that, the Chairman and Managing Director had his remuneration capped at Rs 15 crore since 2008-09 regardless of massive growth in revenues and profitability of the company, in order to set a personal example of moderation in managerial compensation levels.
In the last five years, Mr Ambani did not avail any allowances, perquisites, retiral benefits, commission or stock options from Reliance for his role as the Chairman and Managing Director.

For year FY25