Billionaire Mukesh Ambani’s three children, Isha, Akash, and Anant Ambani, will serve as non-executive directors of Reliance Industries (RIL) without receiving a salary. Instead, they will be compensated for attending board and committee meetings, as per a company resolution. Mukesh Ambani, India’s richest billionaire, has been drawing no salary since FY21, and this arrangement will continue for the next five years. The resolution also outlines that they may receive remuneration for participating in meetings and profit-related commissions within specified limits. The appointment coincides with RIL’s succession plan, with Akash heading telecom, Isha leading retail, and Anant overseeing new energy ventures.
Billionaire Mukesh Ambani’s Children to Receive Nil Salary as Directors of Reliance Industries
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