How Much Mukesh Ambani and his team earn per annum
New Delhi: India's richest man Mukesh Ambani has kept his annual salary from his flagship firm Reliance Industries capped at ₹15 crore ($2.1 million) for the eleventh year on the trot.
Ambani has kept salary, perquisites, allowances, and commission together at ₹15 crore since 2008-09, forgoing over ₹24 crore per annum.
This is at a time when remunerations of all whole-time directors of the company, including cousins Nikhil and Hital Meswani, saw a handsome increase in the fiscal year ended March 31, 2019.
"Compensation of Shri Mukesh D Ambani, Chairman, and Managing Director, has been set at ₹15 crore, reflecting his desire to continue to set a personal example for moderation in managerial compensation levels," RIL said in its latest annual report.
His remuneration for 2018-19...