2Fénykép© dnaindia.comAs Reliance nears golden jubilee, Mukesh Ambani writes letter to shareholders, says…
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Asia’s richest man, Mukesh Ambani, drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fifth year in a row, and dividends remain his main source of earnings.
Ambani, 68, had capped his annual remuneration at Rs 15 crore from financial year 2008-09 (April 2008 to March 2009) to 2019-20 (FY20); and since FY21, he opted to forego his salary, due to COVID-19 pandemic, until the company and all its businesses were fully back to their earnings potential.
According to the latest annual report of the company, in 2024-25 (FY25), he got ‘nil’ as salary, allowances, and perquisites as well as retiral benefits.
“ We believe that our New Energy business will be truly unique--delivering cash flows that are less cyclical and more predictable. I am, therefore, confident that in the next 5 to 7 years, our New…
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