Mukesh Ambani
| Photo Credit: File photo
Reliance Industries Ltd (RIL) said that it created 5 times value for its shareholders in 10 years.
Ten years ago, in 2015-16, Reliance had not yet launched Jio’s digital services commercially. Its key petrochemical projects such as petcoke gasification, ethane imports, and refinery off-gas cracker were still under implementation.
The company’s market capitalisation has outperformed its operational and financial successes to jump more than 5 times in these 10 years to ₹17,25,378 crore for FY2024-25, which stood at ₹3,38,703 crore, the company said in the Annual Report.
The company’s consolidated revenues have jumped 3.65 times from FY2015-16 to FY2024-25, it said.
The annual net profit jumped 2.72 times from ₹29,861 crore in FY2015-16 to ₹81,309 crore and the company’s net worth jumped 3.4 times to ₹7,95,069 crore in FY2024-25 from ₹2,31,556 crore in FY2015-16, it added.
As per the annual report, the company’s chairman and managing director Mukesh Ambani had not drawn salary for the fifth year in a row, “setting an example in the corporate world.”
In June 2020, Mr. Ambani had voluntarily decided to forego his entire remuneration including salary, allowances, perquisites, retiral benefits as well as any commissions for the year, in light of the COVID-19 outbreak in India, which exacted a huge toll on the societal, economic and industrial health of the nation.
He continued to forego his entire remuneration in year 2021-22, in year 2022-23, in 2023-24, and now for 2024-25 as well. This is an exceptional example in today’s corporate world, the report said.
Prior to that, he had his remuneration capped at ₹15 crore since 2008-09, regardless of massive growth in revenues and profitability of the company, in order to set a personal example of moderation in managerial compensation levels.
“In the last five years, Mr. Ambani did not avail any allowances, perquisites, retiral benefits, commission or stock options from Reliance for his role as the Chairman and Managing Director,” the company said.
RIL said it had already commissioned over 1 GW of Solar PV panels capacity and the panels manufactured in Jamnagar had obtained BIS certification.
As per the Annual Report 2024-25, the company would be having 10GW production capacity of solar PV modules (including modules, cells, glass, wafer, ingot and polysilicon) in 2025.
According to the report, a 30GWh advanced LFP chemistry-based battery manufacturing capacity would be progressively set up during the current financial year. Also, assembling of battery energy storage systems (BESS) for utility scale applications would be initiated during the fiscal year.
The annual report also mentioned that RIL was on track to establish a fully automated, multiGW electrolyser manufacturing facility by 2026 end.
Published – August 07, 2025 11:01 pm IST
