Saturday, June 28, 2008

Mukesh’s take-home wallet much fatter than Anil’s!

Mukesh Mukesh’s take-home wallet much fatter than Anil’s! Ambani’s net income (or take-home annual salary) is over 10 times than what younger brother Anil takes home – with a whopping annual package of almost Rs.25 crores! According to figures released for the financial year ended March 2007, Mukesh took home a total Rs.24.51 crores as Chairman and Managing Director of Reliance Industries Limited (RIL). Anil Ambani, on the other hand, earns a package of about Rs.2.42 crores (from three of his group companies: Reliance Energy, Reliance Communications and Reliance National Resources Ltd.). Incidentally, Ambani Sr’s package is the highest among more than 10,000 top CEOs and directors who have disclosed their annual remuneration for the fiscal that recently concluded. Mukesh Ambani is followed by Kalanithi Maran (CMD of Sun TV) and Kavery Kalanithi (joint MD of Sun TV); their annual package is to the tune of Rs.3.26 crores, each (in2006-07). Bharti Airtel’s Sunil Mittal is ranked fourth, taking home Rs.15 crores, while K. Anji Reddy of Dr. Reddy’s Labs has been ranked fifth with an annual package of Rs.14.4 crores.

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Source :
IIPM Editorial, 2008

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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