No salary hike for Mukesh Ambani for the 11th year in a row

Jul 21 2019 05:11 PM
No salary hike for Mukesh Ambani for the 11th year in a row

Mumbai: Mukesh Ambani, the country's largest industrialist and richest Indian, has not raised his salary this year. His salary has not been increased for the last 11 years. Mukesh Ambani's annual income is in the millions. In fact, he decided not to raise his salary in October 2008 after a controversy over the CEO's salary.

Mukesh Ambani had decided to limit his salary. This time too, Mukesh Ambani has kept his salary at Rs 15 crore. This salary includes allowances, commissions and retirement benefits. Mukesh Ambani has kept his salary at Rs 15 crore since 2008-09. Since then, they have not increased it. Mukesh Ambani is the chairman and managing director of Reliance Industries.

Surprisingly, while Mukesh Ambani's salary has not increased by 11 years, his cousins Nikhil and Hetal Meswani's salary is steadily increasing. The salary of Nikhil Meswani and Hetal was Rs 16.58 crore in 2016-17, increased to Rs 19.99 crore in 2017-18 and their salary has increased to Rs 20.57 crore in 2018-19.

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