Today in New Delhi, India
Sep 22, 2018-Saturday
New Delhi
  • Humidity
  • Wind

Mukesh Ambani's salary ten times higher than Anil

When it comes to earning money, Mukesh Ambani is way ahead of not only his younger brother, but the top brass of entire India Inc.

business Updated: Sep 02, 2007 12:16 IST

When it comes to earning money, Mukesh Ambani is way ahead of not only his younger brother Anil, but the top brass of entire India Inc.

With a package of close to Rs 25 crore, Mukesh takes home over ten times the annual remuneration of his brother Anil - with whom he parted ways over two years ago.

When the brothers were together, they got a package of Rs 21.9 crore each at Reliance Industries in the financial year 2004-05, according to information available in the company's annual report.

While Mukesh continues to hold the position of Chairman and Managing Director at Reliance Industries, Anil was the Vice-Chairman and Managing Director till June 18, 2005.

In the latest fiscal year ended March 2007, Mukesh Ambani took home a total Rs 24.51 crore as CMD of RIL -- which is the highest among more than 10,000 top executives and directors at about 1,200 companies that have disclosed so far their annual remuneration figures for the year.

Anil Ambani does not even figure in the top-100 list with a total remuneration of about Rs 2.42 crore from three of his group companies -- Reliance Energy, Reliance Communications and Reliance National Resources Ltd (RNRL). Anil's package as REL Chairman was Rs 2.34 crore, while as R-COM and RNRL Chairman he got Rs 4.8 lakh and Rs 3.2 lakh respectively.

RIL CMD is closely followed by Sun TV CMD Kalanithi Maran and Joint MD Kavery Kalanithi, whose annual remuneration stood at Rs 23.26 crore each in 2006-07.

Telecom giant Bharti Airtel's CMD Sunil Mittal ranks at fourth position with close to Rs 15 crore, followed by Dr Reddy's Labs Executive Chairman K Anji Reddy at the fifth rank with Rs 14.4 crore.

First Published: Sep 02, 2007 12:13 IST