Mukesh Ambani, the most richest person as Indian and chairman and managing director of Reliance Industries, wants to set an example by keeping his salary unchanged at Rs. 15 crore for the fifth consecutive year, according to the annual report of the company.
The Reveal Of Mukesh Ambani.
The chairman and managing director's have compensation set at Rs. 15 crore as against Rs. 38.93 crore that he is eligible as per the shareholders' approval," RIL's annual report for the financial year 2012-13, which came out last week. Mukesh Ambani have capped his salary "reflecting his desire to continue to set a personal example for moderation in managerial compensation levels.
His remuneration for 2012-13 included Rs. 4.16 crore as base salary, Rs. 60 lakh towards perquisites and allowances, Rs. 89 lakh as retiral benefits and Rs. 9.35 crore as commission. The number of employees rose marginally from 23,166 to 23,519. (Photo by Larry Busacca/Getty Images for Time Warner.
Last month, billionaire Ambani brothers entered into a first business tie-up since ending a long-running feud three years ago. The brothers are also likely to sign another deal for infrastructure in telecom business soon.
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