Why is Mukesh Ambani stuck at zero? | Reliance is going to get a tough challenge from another company.

Why Mukesh  Ambani stuck at zero?

If we talk about a business tycoon, and he is not getting his salary, then you will say that there is something wrong and when the person is the second richest person then the news starts to sound shocking. Now just imagine that we and you who always eagerly wait for the end of the month when all the salary work should be done.

On the other hand, those running the country's most valuable company work without pay. So let us tell you in this article that which is the person who is not taken even a single rupee from the company for the last one but two years. We are talking about Mukesh Ambani, Mukesh Ambani is the chairman of Reliance Industries Limited and he has a net worth of $ 94 billion i.e. 75 thousand crores.

He is the 10th richest person in the world. Reliance is a company of 17,00,000 crores as of today. Now if the chairman of a company worth millions of his work is taking ₹ 0 salaries, then it is necessary to discuss the reason. Mukesh Ambani had stopped taking his salary due to the Corona epidemic. The reasoning behind this was that the economy of the country and all types of the economy have been affected badly due to Corona.

Therefore, in June 2020, Ambani decided not to take the salary. Mukesh Ambani is firm on this to date. That is, this year also he did not charge anything on Reliance Industries. Overall, from 2020-21 to FY22, Mukesh Ambani did not take ₹ 0.01 from the company. Let us also tell you that apart from salary, Ambani was not given any kind of allowance commission.

He has not been given any stake in the shares of any company of Reliance Group and the interest received from the company has also not been given to him. Let us tell you that Ambani has been taking such decisions before. Even during the economic downturn of 2008, he had put a limit on his salary. It happened that from 2008 to 2019-20 i.e. for the entire 11 years, Ambani has been taking only ₹ 15 crores annually as salary.

However, year after year in the corporate private sector, people get a significant increment or hike in salary. In such a situation, staying on one salary for 11 years is also a big thing in itself. Now we will talk about Mukesh Ambani's wife Nita Ambani. If you want to know about his salary, then let us tell you that Nita Ambani is holding the post of non-executive director on the board of Reliance company. She has been given ₹5 lakh as an annual sitting fee in return. 

Along with this, two crores of rupees have also been given to them as annual commission. Now let us also tell you about the salary of the highest paid CEO in India. C Vijay Kumar, CEO of IT company HCL Technology, is the highest-paid CEO in the country. Vijay Kumar Salve is more than ₹ 10 crore per month. At the same time, Salil Parikh of Infosys gets an annual salary of ₹71000000. The same TCS CEO Rajesh Gopinathan will get ₹25.77 crores as an annual salary.

Reliance is going to get a tough challenge from another company:

Asia's second richest person Mukesh Ambani's Reliance Industries Limited is going to get a tough challenge from another company. The challenge is also such that in the next 5 to 7 years, the company will overtake even Reliance Industries. Who is this company and what is its business? We will discuss this article in detail. Recently, Reliance Industries Limited has jumped 51 places to 154 positions in the recent Fortune Global List for the year 2022.

Reliance is the second company after India's public sector company LIC to be included in this list for the first time. However, now RIL is going to face a challenge. The company doing this feat will itself be a Reliance Group company. If you are thinking that this amazing Jio or Reliance Retail will do, then it is not so. After making a mark in the telecom industry, Reliance Industries Limited is now preparing to repeat its success in the green energy sector.

Reliance Group chief, Mukesh Ambani claims that in the next 5 to 7 years, the green energy business of this group will become the most profitable business. He is also taking a strong step towards becoming an emperor with an investment of 6,00,000 crores in the emerging sector. The company is preparing to start this business in the next 12 months i.e. one year.

Ambani said in the company's 2021-22 arrival report that our investment in the green energy value chain will start gradually over the next 12 months and will increase over the next few years. Let us tell you that Ambani is taking Reliance on clean energy in an attempt to diversify its business apart from the traditional refining and petrochemical business.

The company has completed an acquisition and investment of more than ₹5500 crore for capacity expansion in this sector of green energy. The company announced last year that it would invest $10 billion in green energy over the next three years. However, this claim of Mukesh Ambani can be trusted, as he has always been successful in setting up new businesses and taking them ahead of other companies in this sector.

He created a stir in the telecom sector by launching Jio in 2016. By placing the highest bid in the recently concluded market spectrum auction, Jio has started reaching new heights in the telecom sector. Let us tell you that under the Green Energy scheme, Reliance is building Giga factories for the entire green energy value chain from solar power generation to the production of green hydrogen, its distribution, and consumption.

The group has started the construction of four Giga factories at Dhirubhai Ambani Green Energy Complex in Jamnagar, Gujarat. Based on these, Ambani intends to make India the cheapest destination for green energy in the next seven years. Let us tell you that they are considered experts in implementing any business change with prudence. Over the past decade, he has transformed Reliance from an energy sector giant to a retail service giant.

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