Anant Ambani to get THIS amount as salary as Executive Director of Reliance — Check details
The filing data shows that Ambani's annual salary will comprise the main salary component, along with perquisites and allowances. The company also highlighted that the annual increments will be determined by the HRNR Committee at Reliance.
'Salary, Perquisites and Allowances shall be in the range of ₹ 10 crore to ₹ 20 crore per annum. Annual increments shall be as determined by the HRNR Committee,' said Reliance in its BSE filing.
The perquisites and allowances will include accommodation cost or house rent allowance, gas, electricity, water, among other provisions as per the Income Tax Act of 1961.
Reliance's contribution to Anant Ambani's provident fund, superannuation or annuity fund, gratuity payable and encashment of leave will be carried out as per the rules of the firm. However, these extra benefits will be provided in addition to Anant Ambani's salary of ₹ 10-20 crore.
On top of the take-home salary, Anant Ambani will also receive an extra payment based on the net profits of the company. The company will also grant reimbursements on expenses incurred by Anant Ambani, his wife and attendant's travelling, boarding and lodging, according to the company's disclosure.
According to the official filing data, the board of directors held their meeting on 15 April 2025, and approved the appointment of Anant Ambani a the Whole-time Director, designated as an Executive Director for the next five years effective 1 May 2025.
His salary component also comes along with security and medical reimbursement as per Reliance's policy for senior managerial executives.
Anant Ambani has been appointed as the Whole-Time director at Reliance along with his Executive Director position for the next five years, effective 1 May 2025.
'The Board of Directors of the Company, at its meeting held on 25 April 2025, subject to the approval of members, appointed Shri Anant M. Ambani (DIN: 07945702) as a Whole-time Director, designated as an Executive Director, for a period of 5 (five) years, with effect from 1 May 2025,' said the company in the exchange filing.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
United Spirits Q1 profit slips 14 pc to ₹417 cr; revenue at ₹6,295 cr
New Delhi, Aug 13 (PTI) Diageo-controlled liquor maker United Spirits Ltd on Wednesday reported a 14 per cent decline in its consolidated net profit to ₹ 417 crore for the June quarter of FY26. The company had posted a net profit of ₹ 485 crore a year ago, according to a regulatory filing from United Spirits Ltd (USL). Its revenue from operations was marginally up at ₹ 6,295 crore during the quarter under review. It was ₹ 6,238 crore in the corresponding period of the previous fiscal. USL's total expenses stood at ₹ 5,776 crore, up 2.79 per cent in the June quarter. In the June quarter, "EBITDA was ₹ 644 crore, down 9.7 per cent, largely due to a one-off indirect tax item impact and relatively higher A&P in the standalone business", said USL in its earnings statement. In the June quarter, USL's income from the 'Beverage alcohol' segment rose 8.37 per cent to ₹ 2,549 crore. Its sports business, Royal Challengers Sports Private Ltd (RCSPL), which owns the RCB team for IPL and WPL, registered a 15.73 per cent growth in revenue to ₹ 478 crore in the June quarter. During the quarter, USL's consolidated net sales value (NSV) rose 9.4 per cent to ₹ 3,021 crore. "This was driven by the 8.4 per cent growth in the standalone business and 15.7 per cent reported growth of the sports business housed in the 100 per cent subsidiary RCSPL," it said. The Prestige & Above segment accounted for 88.3 per cent of net sales during the first quarter. The Popular segment accounted for 9.8 per cent of the net sales during the first quarter. The Popular segment net sales grew 13.6 per cent, it said. Its total income of USL, which owns brands like McDowell's, Royal Challenge, Signature, Johnnie Walker, and Black Dog in its fold, was ₹ 6,367 crore, up 1.5 per cent. "We delivered a resilient quarter with the Prestige & Above portfolio sustaining its growth momentum, while cycling a high prior year base. The quarter also marked the completion of the Nao Spirits acquisition. "Looking ahead, we remain focused on our circle of control to lead the next wave of category growth through sharper portfolio, tailored consumer engagement and revenue growth management," its Managing Director and CEO Praveen Someshwar said. Shares of United Spirits Ltd settled at ₹ 1,306.80 apiece on BSE on Wednesday, up 0.71 per cent from the previous close.
India Today
an hour ago
- India Today
Asim Munir threatens Ambani: Was it a move to woo Trump?
Pakistan's Field Marshal Asim Munir reportedly made a direct threat against one of India's most powerful business tycoons, Mukesh Ambani, while on U.S. soil. This incident, which took place at a black-tie event, is being viewed by some as a calculated move with a larger goal: to please U.S. President Donald Trump. In a closed-door address in Tampa, Field Marshal Asim Munir, the Pakistan Army chief, reportedly threatened to target Mukesh Ambani's Jamnagar refinery. Munir is said to have referenced a social media image pairing Ambani's photo with a Quranic verse during recent hostilities, stating, 'I authorised that post to show them what we will do the next time.'advertisement For those unfamiliar with the significance, Reliance is one of the pillars of the Indian economy, driving sectors from energy to infrastructure. The timing of the alleged threat is crucial. With India's Prime Minister Modi standing firm against the U.S. trade demands and Reliance being a major refiner of Russian crude oil, the threat was not just about one man. It was, some argue, an attack on India's economic alleged connection to Donald Trump stems from the belief that his signature 'tariff tantrum' against China has proven ineffective. His Vice President, JD Vance, admitted that the situation with China is 'complicated.' Speaking to Fox News' Sunday Morning Futures, Vance confirmed that tariffs on China are 'on the table' but stressed no decision has been made. 'The president said he's thinking about it, but he hasn't made any firm decisions,' Vance said. 'The China issue is a little bit more complicated because our relationship affects a lot of other things that have nothing to do with the Russian situation.'This is most likely due to the U.S.'s heavy reliance on Chinese imports for critical items, including defence components. Moreover, China holds a staggering 750 billion dollars plus in the U.S. Treasury bonds, which is a massive leverage point. With China proving too difficult a target, the focus, it seems, has shifted to threat against Ambani is framed as the latest and most brazen tactic in a long-running campaign to pressure India. According to this viewpoint, even the U.S. designation of the Balochistan Liberation Army (BLA) as a terror group is part of the same strategy: to irk India and woo Pakistan with the promise of access to Balochistan's mineral resources. This narrative gained more traction recently when, in a joint statement, the U.S. State Department 'applauded Pakistan's continued successes in containing terrorist entities that pose a threat to the peace and security of the region and the world.' This is being seen by some as a clear sign of Washington's efforts to strengthen ties with the threat from Pakistan's Field Marshal is viewed as a desperate show of loyalty to the U.S. President. It was not just about an individual; it was about using a rival nation to create political leverage. But with India's leadership standing firm and its economy strong, this strategy may prove to be just as complicated as the one facing China. These events reveal a new, unconventional playbook in international diplomacy, where allies are pressured and rivals are used to achieve domestic political goals.- Ends
Time of India
2 hours ago
- Time of India
Max Healthcare to nearly double capacity to 9,500 beds by 2028 after strong quarterly growth
Max Healthcare Institute, India's largest healthcare chain by market cap, plans to nearly double its bed capacity to 9,500 in the next three years, Abhay Soi, chairman & managing director, told ET in an interaction on Wednesday. 'We increased our bed capacity by 35% from last year to 5,000. In the next 60 days, we will increase it to 6,000 through brownfield expansion. By 2028, it will go up to about 9,500,' said Soi. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program The company reported a 27% year-on-year growth in first quarter revenue to Rs 2,574 crore, led by an increase in occupied bed days (OBDs). Net profit for the quarter jumped 17% to Rs 345 crore, driven by higher occupancy and international patient inflow. Bed occupancy for the quarter was at 76%, with OBDs up by 26%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Operating EBITDA rose 23% to Rs 613 crore, with margins at 24.9%. International patient revenue climbed 32% to Rs 208 crore, contributing about 9% of hospital revenue. During the quarter, the company completed a 160-bed tower at its Mohali hospital, signed a lease for a new 130-bed facility in Dehradun and agreed to sell two smaller hospitals in Bulandshahr and Anoopshahr for Rs 40 crore as part of its focus on super-specialty care in larger cities. Live Events Commenting on the growth levers, Soi said the biggest growth drivers today are the 'unsatiated' demand for quality healthcare and need for more capacity in the country, which will increase even further going ahead with an ageing population. 'Our sustained growth is a reflection of our strategy and execution capabilities,' said Soi. 'The commissioning of 160-bed brownfield tower at Max Mohali, along with additional brownfield capacities coming online at Max Smart and Nanavati-Max shortly, will significantly enhance clinical and financial performance of the network,' he added. 'In parallel, we are scaling up our clinical and support teams, while optimising our service mix to ensure rapid and effective utilisation of the new capacities,' he added. Going ahead the company will focus on a combination of brownfield and greenfield expansion to widen its network and meet the rising need for quality healthcare, said Soi. Shares of Max Healthcare Institute closed 0.44% up at Rs 1,267.60 apiece on the BSE on Wednesday. The company announced the earnings during market hours.
