India-based Reliance Industries revealed in its FY25 AGM report that non-executive directors Akash, Isha, and Anant Ambani received equal remuneration, while Mukesh Ambani declined compensation for the fifth consecutive year. Anant Ambani, recently appointed as a full-time director, is set to earn between ₹10 crore and ₹20 crore in FY26.
Reliance Industries, the country’s largest private sector company, has revealed the compensation details of its directors in its latest AGM report filed with the BSE for the financial year ended March 2025.
As per the disclosure, Akash Ambani, Isha Ambani, and Anant Ambani each received a total remuneration of ₹2.31 crore in FY25. This amount comprises both sitting fees and commissions for their roles as non-executive directors on the board of Reliance Industries.
Meanwhile, Mukesh Ambani, Chairman and Managing Director, has once again opted to forgo his salary. This marks the fifth consecutive year he has not drawn any compensation from the company — a decision taken during the Covid-19 pandemic and maintained since.
In contrast to the Ambani siblings, whole-time directors Nikhil R. Meswani and Hital R. Meswani received ₹25 crore each, and P. M. S. Prasad earned ₹19.96 crore. These figures include performance-linked incentives for FY24, disbursed in FY25.
Anant Ambani’s Transition to Executive Leadership
A significant development was Anant Ambani’s appointment as a full-time director in June 2025. As per the board resolution and disclosed terms of appointment, his compensation will range between ₹10 crore and ₹20 crore annually. This package includes salary, perquisites, and allowances, all subject to approval by the HRNR Committee.
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His compensation structure is aligned with the standards set under India’s Income Tax Act of 1961 and includes:
- Housing allowance or company-provided accommodation
- Utilities such as electricity, gas, and water
- Provident fund and superannuation contributions
- Gratuity and leave encashment benefits
- Medical and security reimbursements
In addition to fixed pay, Anant will also be eligible for profit-based variable payments as determined by the company’s performance metrics.
Corporate Governance and Shareholder Signaling
Mukesh Ambani’s continued zero-salary stance signals a shareholder-first approach and reflects the group’s alignment with governance norms in large family-led conglomerates. The equal compensation structure for non-executive directors also demonstrates clear parity among the next generation of Ambani leadership as they take on broader responsibilities.
Analysts view Anant Ambani’s appointment and structured executive pay as a step toward leadership succession, reinforcing Reliance’s long-term strategic planning across its energy, digital, and retail verticals.
Reliance Industries continues to be one of India’s most-watched companies for its governance practices, investment strategy, and leadership transitions as it navigates emerging sectors while retaining core business strength.
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