Within the final monetary yr additionally, he had given up his remuneration and didn’t take any wage from Reliance Industries within the wake of the Covid outbreak.
For 2 consecutive monetary years (2020-21 and 2021-22), Ambani has not acquired any allowances, perquisites, retirement advantages, commissions or inventory choices from Reliance for his position as chairman and managing director.
Prior to those two years, his wage was Rs 15 crore from 2008-09 to set a private instance of moderation within the degree of managerial compensation.
The wage of Rs 15 crore in 2019-20 was the identical as within the earlier 11 years.
Ambani has put collectively wage, perks, allowances and fee at Rs 15 crore since 2008-09, which is over Rs 24 crore yearly.
The remuneration of his cousins Nikhil and Hital Meswani remained unchanged at Rs 24 crore, however this time included a fee of Rs 17.28 crore.
Government administrators PMS Prasad and Pawan Kumar Kapil noticed a slight drop of their remuneration.
Whereas Prasad earned Rs 11.89 crore in 2021-22, down from Rs 11.99 crore in 2020-21, Kapil acquired Rs 4.22 crore, down from Rs 4.24 crore within the earlier yr.
The annual report mentioned the funds to Prasad and Kapil embrace “efficiency linked incentives paid in FY 2021-22 for FY 2020-21”.
Ambani’s spouse Nita, who’s a non-executive director on the corporate’s board, earned Rs 5 lakh as assembly price and a fee of Rs 2 crore for the yr. He had acquired Rs 8 lakh as sitting price and Rs 1.65 crore fee final yr.
Aside from Ambani, the Meswani brothers, Prasad and Kapil are whole-time administrators on the RIL board.
Whereas all of the unbiased administrators acquired a fee of Rs 2 crore, Yasir O Al-Rumayyan, managing director and a board member of PIF – Sovereign Wealth Fund of Kingdom of Saudi Arabia acquired Rs 1.40 crore. He was appointed to the board with impact from July 19, 2021.
(with company enter)