28 - 05 - 2026

RIL’s contributes ₹2.16 lakh crore to exchequer; Mukesh Ambani extends zero-salary run

Reliance Industries Ltd’s (RIL) contribution to the national exchequer rose 2.95 per cent to ₹2,16,472 crore in FY26, up from ₹2,10,269 crore in the previous fiscal, according to the company’s annual report released on Thursday (May 28, 2026).

This makes the company one of the largest tax contributors in the country. Over the past decade, RIL’s cumulative payments to the national exchequer have crossed ₹15 lakh crore.

The group stated that its corporate strategy relies on diversification, integration, and cost leadership.

For six years in a row, RIL Chairman and Managing Director Mukesh Ambani has drawn no salary, despite the company posting record profits. He took no salary, no allowances, no perquisites, no retiral benefits, no commission and no stock options for six years running.

Ambani’s voluntary foregoing of remuneration began in June 2020, when he decided to give up his entire pay in light of the COVID-19 pandemic’s devastating impact on the nation’s social, economic and industrial health. Prior to this, his remuneration had been voluntarily capped at ₹15 crore for 12 consecutive years starting from FY09.

In contrast, other executive members of the board received designated remunerations. Nikhil Meswani and Hital Meswani, directors and Mukesh Ambani’s cousins, took home ₹25 crore each. Executive director P.M.S. Prasad earned ₹20.58 crore, while Ambani’s younger son, Anant Ambani, who is an executive director, drew a total of ₹12.17 crore in FY26.

Financial Performance, Corporate Disclosures

The financial performance of the conglomerate showed that in FY26, it delivered consolidated revenues of ₹11,75,919 crore, EBITDA of ₹2,07,911 crore, and net profit of ₹95,754 crore.

“RIL has become the first Indian company to cross $10 billion in annual net profit,” Ambani said in his statement to shareholders.

In its business overview, the company detailed that global oil demand growth is expected to be sluggish due to higher oil prices and economic slowdown in FY27 amid Middle East conflict. The company reported that the FY27 outlook remains extremely vulnerable to geopolitical, macro-economic and policy risks.

In its consumer businesses, the firm stated that Reliance Retail is positioned as India’s largest omni-channel retailer with the scale and capabilities to create long-term platforms. In its digital segment, the focus is on driving innovation across connectivity, artificial intelligence, cloud, and digital services. The company added that it will continue to evaluate strategic pathways that can broaden stakeholder participation and support Jio’s long-term growth.

The company is scaling up investment in its new energy ecosystem, specifically linking funding to its solar photovoltaic and battery gigafactory projects in Gujarat. This long-term growth outlook comes even as global markets face heightened market fluctuations driven by tariff uncertainty, geopolitical tensions, and volatility in currency and bond markets.