What was Nita Ambani's salary as Reliance Direct? Click to know!

PC: GQ India

Billionaire Mukesh Ambani's wife Nita Ambani has been an important part of his business empire. After being a member of the Reliance Board of Directors for many years, Nita Ambani announced that she is resigning from the post in August 2023.

Nita Ambani resigned from her post on the Reliance Industries Limited (RIL) board to pave the way for her three children - Isha, Akash, and Anant Ambani - to be appointed to the board of directors, with their contracts and salaries to be the same as their mother. 

PC: The Economic Times

Many people were surprised to know that Mukesh Ambani's wife Nita Ambani did not receive a monthly salary as a member of the Reliance Board of Directors. In fact, Nita Ambani was paid only meeting fees for the board and committee meetings of the RIL board, apart from this she had no salary.

According to RIL's annual report, Nita Ambani was paid around Rs 6 lakh as meeting fees for board meetings and earned a commission of Rs 2 crore for the financial year 2022-2023. Neeta was not eligible for any other remuneration or benefits, such as stock options, bonuses, or commission, from RIL.

PC: South China Morning Post

While Isha Ambani, Akash Ambani, and Anant Ambani have been appointed to the RIL BOD, their contracts will also be similar to those of their mother Nita which means they will not be paid any salary, only sitting fees for meetings and annual commission.

Apart from resigning from the board of directors of Reliance, Nita Ambani also resigned from the top post at Dhirubhai Ambani Institute and handed over the post to her daughter Isha Ambani.