Consumers may be reeling under an inflation of close to 13 per cent, but it should not be a cause for concern for the country’s second richest person Anil Ambani, whose pay package has grown by close to six times over the last financial year.
From about Rs 2.4 crore in the year ended March 2007, Ambani’s full-year pay surged to Rs 13.4 crore in the latest financial year from the four listed group companies.
Moreover, the latest year figure does not include his take away from Reliance Communications, the flagship entity that accounts for over half of the group’s total valuation.
In comparison, his elder brother Mukesh Ambani — possibly the highest-paid business chief in India with an annual package of over Rs 44 crore — got a hike of just about 45 per cent over the last fiscal.
Among the three listed roup companies — Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd — Mukesh gets a remuneration only from the flagship entity RIL.
According to RIL’s annual report, Mukesh Ambani got a total payout of Rs 44.02 crore in 2007-08, up from Rs 30.46 crore in 2006-07 and Rs 24.77 crore in the year before that.
In comparison, Anil Ambani got a total remuneration of about Rs 13.4 crore in 2007-08 from his four group companies — Reliance Capital, Reliance Infrastructure (formerly Reliance Energy), Reliance Power and Reliance Natural Resources Ltd (RNRL).
