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Ambani Forgoes Remuneration for Five Straight Years, Sets Benchmark
The Business Guardian
|August 08, 2025
For the fifth consecutive year, Reliance Industries Limited (RIL) Chairman and Managing Director Mukesh Ambani has voluntarily foregone his entire remuneration, including salary, allowances, perquisites, retiral benefits and commission, setting a rare example of leadership in the corporate world.
RIL's Annual Report for FY2024-25 noted that Ambani continued the practice he began in June 2020, in the wake of the COVID-19 pandemic. At the time of pandemic and economic crisis, RIL Chairman decided to lead by example. Since then, for five successive financial years starting from FY21 through FY25 he has drawn no financial compensation in any form from the company.
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