Highlights:
- Mukesh Ambani draws zero salary for sixth consecutive year
- No salary, commission, stock options or perks taken since FY21
- Ambani had voluntarily capped pay at ₹15 crore before COVID-19
- Reliance Industries posts record FY26 net profit of ₹95,754 crore
- RIL market capitalisation reaches ₹18.19 lakh crore
- Decision seen as rare example amid global executive pay debates
Reliance Industries Chairman and Managing Director Mukesh Ambani has drawn zero salary for the sixth consecutive year, continuing his voluntary decision to forgo remuneration despite the company reporting record profits in FY26.
According to Reliance Industries’ latest annual report, Ambani did not receive any salary, allowances, perquisites, commission, retiral benefits, or stock options during FY 2025-26. This marks the sixth straight financial year — from FY21 to FY26 — in which he has opted for nil compensation.
Ambani had first decided to give up his remuneration in June 2020 amid the economic disruption caused by the COVID-19 pandemic. The decision has since continued voluntarily every year.
Even before the pandemic, Ambani had voluntarily capped his annual remuneration at ₹15 crore from FY 2008-09 onwards, maintaining the cap for 12 years despite significant expansion in Reliance Industries’ revenues, profits, and market value.
The disclosure comes at a time when executive compensation and corporate governance practices remain under global investor scrutiny. In contrast to rising executive pay trends across global corporations, Reliance said Ambani’s decision reflects a long-standing commitment to responsible leadership and governance.
Reliance Industries reported a record consolidated net profit of ₹95,754 crore in FY26, while the company’s market capitalisation stood at ₹18.19 lakh crore (approximately US$191.8 billion), making it one of India’s most valuable companies.
The company’s remuneration policy states that compensation practices are linked to performance, aligned with industry standards, and periodically reviewed by the Human Resources, Nomination and Remuneration Committee.
