Mukesh Ambani keeps salary unchanged at Rs 15 crore for 10th year in a row
Thursday - June 7, 2018 8:36 pm ,
Category : BUSINESS
Mukesh Ambani keeps salary unchanged at Rs 15 crore for 10th year in a row
New Delhi June 7 (IANS) Reliance Industries Chairman Mukesh D. Ambani who keeps his standing as the richest Indian has kept his annual compensation unchanged at Rs 15 crore for the 10th consecutive year.
According to the company s annual report released on Thursday Ambani s decision reflects "his desire to continue to set a personal example for moderation in managerial compensation levels".
"Compensation of Shri Mukesh D. Ambani Chairman and Managing Director has been set at Rs 15 crore reflecting his desire to continue to set a personal example for moderation in managerial compensation levels " the report said.
This is the tenth consecutive year since Ambani s compensation package has been set at Rs 15 crore.
Ambani s compensation includes salary and allowances perquisites retiral benefits and commission payable.
As per Forbes annual list released in March 2018 Ambani who keeps his standing as the richest Indian became richer by $16.9 billion in 2018 with assets of $40.1 billion.
He moved up to the 19th global rank on the list of 2 208 billionaires worldwide. In 2017 he ranked 33rd with $23.2 billion.
--IANS rv/vm
According to the company s annual report released on Thursday Ambani s decision reflects "his desire to continue to set a personal example for moderation in managerial compensation levels".
"Compensation of Shri Mukesh D. Ambani Chairman and Managing Director has been set at Rs 15 crore reflecting his desire to continue to set a personal example for moderation in managerial compensation levels " the report said.
This is the tenth consecutive year since Ambani s compensation package has been set at Rs 15 crore.
Ambani s compensation includes salary and allowances perquisites retiral benefits and commission payable.
As per Forbes annual list released in March 2018 Ambani who keeps his standing as the richest Indian became richer by $16.9 billion in 2018 with assets of $40.1 billion.
He moved up to the 19th global rank on the list of 2 208 billionaires worldwide. In 2017 he ranked 33rd with $23.2 billion.
--IANS rv/vm
