Asia’s biggest tycoon Mukesh Ambani did not take salary, you will also appreciate knowing the reason
New Delhi: Reliance Industries Chairman and Managing Director Mukesh Ambani had in June 2020 voluntarily decided to forgo his salary for the year 2020-21 in the wake of the outbreak of COVID-19 in the country as the pandemic was having a negative impact on the country’s social, economic and And industrial health was greatly affected.
He did not take a single paisa salary in the year 2021-22 as well as in the year 2022-23. In all these three years, Mukesh Ambani did not avail any perks, perquisites, retirement benefits, commission or stock options from Reliance for his role as Chairman and Managing Director. Earlier, to set a personal example of moderation in the level of managerial compensation, the chairman and managing director had capped his salary at Rs 15 crore from 2008-09.
Reliance Industries is one of India’s largest contributors to the national exchequer. Reliance’s consolidated contribution to the national exchequer in the three years from FY 2020-21 to FY 2022-23 crossed Rs 5 lakh crore.
Reliance’s contribution to the national exchequer in FY 2022-23 stood at Rs 1,77,173 crore, which is slightly less than Rs 1,88,012 crore in FY 2021-22. The annual report states that the company continues to be the largest tax payer in India, contributing Rs 1,77,173 crore to the national exchequer through various direct and indirect taxes. This was more than five per cent of the budgeted expenditure of the Government of India in the last three years. Reliance Industries Limited on Saturday released its Annual Report for the financial year 2022-23.
The Company will hold its Annual General Meeting on Monday, 28 August. Among other things, the annual report of RIL mentions the progress made by all its business areas. Reliance Industries’ intentions in retail, digital services, O2C and E&P and green energy sectors have been explained.
