Mukesh Ambani, India’s wealthiest businessman and the world’s ninth richest person, is preparing for the future of his colossal enterprise, Reliance Industries. In a move shrouded in mystery and ambition, Ambani has placed his three children, Isha, Akash, and Anant, on the company’s Board of Directors. They are set to inherit not only their father’s empire but also his strategic vision.
While the trio will not be drawing a salary in their new roles, they will receive various benefits. These benefits are similar to those enjoyed by their mother, Nita Ambani. According to reports, Nita Ambani, who joined the Reliance board in 2014, earns a sitting fee of Rs 6 lakh and a profit-based commission of Rs 2 crore annually. The new directors will receive remuneration for attending meetings, covering expenses, and profit-related commissions.
Nita Ambani has stepped down as a director but retains a unique position as a permanent invitee to all board meetings, a privilege not granted to Mukesh Ambani or other board members. This contrasts with the executive directors, Nikhil and Hital Meswani, whose salaries have seen significant increases, revealing the varied financial structures within Reliance.
Mukesh Ambani will remain chairman and CEO for another five years, emphasizing his commitment to grooming his children for leadership. Notably, Ambani has waived his salary since 2020, continuing this policy into the new term starting in April 2024. As Reliance Industries moves forward, Akash Ambani leads Reliance Jio, Isha Ambani heads Reliance Retail, and Anant Ambani oversees Reliance New Energy. The future of Reliance Industries seems to be firmly in the hands of the next generation of Ambanis.
