Mumbai: Reliance Industries Chairman and Managing Director Mukesh Ambani has kept his own salary unchanged at Rs 15 crore, said the company’s annual report for 2016-17.
This is the ninth consecutive year since Ambani’s compensation package has been set at Rs 15 crore.
“The Chairman and Managing Director’s compensation has been set at Rs 15 crore as against Rs 38.75 crore as approved, reflecting his desire to continue to set a personal example for moderation in managerial compensation levels,” said the company’s annual report.
Ambani’s compensation includes salary and perquisites, allowances, retiral benefits, commission (payable) and performance linked incentive (payable).
