Mukesh Ambani’s salary remained zero for the second consecutive year, know what is the reason behind it

Mukesh Ambani has not taken any salary from his flagship company Reliance Industries for the second consecutive year. Ambani had voluntarily given up his salary due to the corona virus epidemic affecting business and economy.

Mukesh Ambani has not taken any salary from his flagship company Reliance Industries for the second consecutive year.

Billionaire businessman Mukesh Ambani for the second year in a row his flagship company Reliance Industries Have not taken any salary. Ambani had voluntarily given up his salary due to the corona virus epidemic affecting business and economy. Mukesh Ambani’s company Reliance Industries has said in its latest annual report that Ambani’s salary for the financial year 2020-21 was zero. Reliance Industries Chairman and Managing Director Mukesh Ambani in June 2020 voluntarily decided to forego his salary for 2020-21.

Decision taken due to corona pandemic

Ambani has taken this decision due to the corona virus epidemic, which had a bad effect on the economic and industrial health of the country. Ambani did not take his salary even in 2021-22. He did not avail of any allowances, perquisites, retirement benefits, commissions or stock options from Reliance for his role as Chairman and Managing Director in both these years.

Earlier, setting a personal example, he had capped the salary of the Chairman and Managing Director to Rs 15 crore from 2008-09.

The salaries of his cousins ​​Nikhil and Heital Meswani remained unchanged at Rs 24 crore, but this time included a commission of Rs 17.28 crore. There has been a slight decline in the remuneration of Executive Directors PMS Prasad and Pawan Kumar Kapil.

Ambani’s Jio to start 5G services soon

Apart from this, let us tell you that Reliance Jio, the largest bidder in the 5G spectrum auction, had said last Monday that with the availability of fiber across the country and strong global participation, it is fully prepared to launch 5G services in the shortest possible time. Well prepared. The company also said that Jio is committed to providing world-class, affordable 5G services. Reliance Jio Infocomm Chairman Akash M Ambani said in a statement that Jio is committed to providing world-class and affordable 5G services.

Ambani had said he would provide services, platforms and solutions that would drive India’s digital revolution, especially in critical sectors such as education, healthcare, agriculture, manufacturing and e-operations. He said that he will celebrate the Amrit Mahotsav of freedom with the implementation of 5G across India.

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