Here's why Mukesh Ambani’s salary remained same for last 11 years

Mukesh Ambani’s annual salary from his flagship has been constant at Rs 15 crore for 11 years in a row.

Even though all other executive directors saw their remunerations go up, Ambani volunteered to cap his compensation at Rs 15 crore in October 2009 amid a debate over right-sizing of CEO salaries.

Ambani has kept salary, perquisites, allowances and commission together at Rs 15 crore since 2008-09, forgoing over Rs 24 crore per annum, according to a PTI report.

His remuneration for 2018-19 fiscal year included Rs 4.45 crore as salary and allowances which is a bit lower than Rs. 4.49 crore, his remuneration for fiscal year 2017-18.

"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," RIL said in its latest annual report.

This is at a time when remunerations of all whole-time directors of the company, including cousins Nikhil and Hital Meswani, saw a handsome increase in the fiscal year ended March 31, 2019.

Ambani's cousins Nikhil R Meswani and Hital R Meswani saw their compensation rise to Rs 20.57 crore each.

Also, one of his key executives, Executive Director P M S Prasad saw his remuneration go up to Rs 10.01 crore from Rs 8.99 crore in the previous year.

RIL's non-executive directors, including Mukesh Ambani's wife Nita Ambani, also got Rs 1.65 crore each as commission, besides sitting fees.

The commission was Rs 1.5 crore in 2017-18 and Rs 1.3 crore in the previous year.