Meet man, highest paid employee at Reliance, his salary is more than company chairman, Mukesh Ambani is his…
Reliance Industries is one of the largest and most prestigious conglomerates in India, with its petrochemical business standing out as one of the most successful sectors. The driving force behind this success is Nikhil Meswani, a relative of Mukesh Ambani. Nikhil joined Reliance in 1986, and since July 01, 1988, he has been a Whole-time Director, designated as Executive Director, on the Board of the Company.
When people think of Mukesh Ambani, his immense wealth often comes to mind, along with his lavish Rs. 15,000 crore residence, Antilia, and his collection of private cars and jets. However, it is Nikhil Meswani, working quietly behind the scenes, who has been instrumental in driving the rapid growth of Reliance. But who is Nikhil Rasiklal Meswani?
Well, Nikhil Rasiklal Meswani is a chemical engineer and the son of Rasiklal Meswani, one of the Founder Directors of the Company. According to the official page of Reliance Industries Limited, Nikhil Rasiklal Meswani is primarily responsible for the petrochemicals division and has made major contributions towards Reliance becoming a global leader in petrochemicals.
Between 1997 and 2005, Nikhil Rasiklal Meswani handled the refinery business of the Company. In addition, he continues to shoulder several other corporate responsibilities, such as Corporate Affairs and Group Taxation. He is also involved in the affairs of Reliance-owned Indian Premier League (IPL) cricket franchise Mumbai Indians, Indian Super League (ISL), and other sports initiatives of the Company.
But how is Nikhil Rasiklal Meswani related to Mukesh Ambani? Well, Dhirubhai Ambani’s elder sister, Trilochana Ben, is the mother of Shri Rasiklal Meswani, one of the founding directors of Reliance. Rasiklal’s sons, Nikhil R. Meswani and Hital R. Meswani, currently serve as Executive Directors at Reliance.
Nikhil Meswani is a member of Global Advisory Council of Harvard University, USA, and a member of the visiting committee of the Dean for engineering at Massachusetts Institute of Technology (MIT), USA. He is also a member of the Board of Governors of the Institute of Chemical Technology (ICT), Mumbai, and a distinguished alumnus of the same.
According to a report by DNA, Nikhil Meswani earned a salary of Rs 24 crore in the 2021–22 fiscal year. In contrast, Mukesh Ambani, Chairman of Reliance Industries, has maintained his annual salary at Rs 15 crore since the 2008–09 fiscal year. During the COVID-19 pandemic, Mukesh Ambani voluntarily decided to forgo his salary for the 2020–21 and 2021–22 fiscal years. On one hand, Mukesh Ambani’s salary remained stable, while Nikhil’s salary kept increasing. Right now his salary is more than that of Mukesh Ambani’s salary.
He plays a critical role in both the petrochemical division and the company’s sports ventures. Along with his brother Hital Meswani, Nikhil earns over Rs 24 crore annually.
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