Mukesh Ambani, the chairman of Reliance Industries, has once again opted to forgo his salary for the financial year 2025-26, continuing a decision he first made in 2020 amid the COVID-19 pandemic. This move reflects Ambani's ongoing commitment to mitigating the economic challenges faced by the nation.
According to the company's latest annual report, Ambani has voluntarily capped his total remuneration at Rs 15 crore for 12 consecutive years since FY09, even before the pandemic. Despite his net worth nearing $100 billion, making him the 21st richest person globally, Ambani has chosen to forgo his paycheck for the sixth year in a row.
Meanwhile, Ambani's children, Isha Ambani Piramal and Akash Ambani, received Rs 5 lakh each as a sitting fee and Rs 2.5 crore as a commission for FY26. Anant Ambani, serving as a non-executive director until April 30, 2025, earned Rs 1 lakh as a sitting fee and Rs 21 lakh as a commission for the financial year ending March 31, 2026.
“We are living through a once-in-a-generation transformation-where the boundaries between industries, technologies, and nations are being fundamentally redrawn.”
Mukesh Ambani, Chairman, Reliance Industries
Among the executive directors, P.M.S Prasad earned Rs 20.58 crore, including Rs 20 crore in salary and perquisites and Rs 58 lakh in retiral benefits. Nikhil R. Meswani and Hital R. Meswani were paid Rs 14.56 crore each in FY26. Anant Ambani, during his tenure as an executive director from May 1, earned Rs 12.17 crore.
Reliance Industries reported a 13% year-on-year decline in its consolidated net profit at Rs 16,971 crore for the fourth quarter of 2025-26. Revenue from operations increased 13% YoY to Rs 2.98 lakh crore. For the full financial year FY26, the company reported revenue of Rs 11,75,919 crore, marking a 10% increase over FY25.
The company has scheduled its 49th annual general meeting for June 19, 2026, and fixed June 5 as the record date for determining shareholders eligible to receive a dividend for FY26. The board recommended a dividend of Rs 6 per share for the financial year ended March 2026.
Background
Mukesh Ambani's decision to forgo his salary comes amidst a challenging economic environment, where businesses globally are grappling with geopolitical disruptions and volatile energy prices. His gesture is seen as a commitment to the company's resilience and a strategic move to navigate economic uncertainties.
Reliance Industries has been navigating through geopolitical disruptions and volatile energy prices, leveraging its diverse portfolio and strong domestic orientation. As the company continues to adapt to global economic shifts, stakeholders will be keenly watching the upcoming AGM for strategic insights and future plans.
