MUMBAI: Reliance Industries (RIL) chairman and India’s richest man Mukesh Ambani kept his annual salary capped at Rs 15 crore for the tenth year running. RIL’s annual report released on Thursday said Ambani’s decision to freeze his pay shows "his desire to continue to set a personal example for moderation in managerial compensation levels".

According to a report by news agency PTI, Ambani’s remuneration for 2017-18 included Rs 4.49 crore as salary and allowances. Commission, at Rs 9.53 crore, witnessed no alternation, while perquisites were reduced to Rs 27 lakh from Rs 60 lakh, with retirement benefits of Rs 71 lakh.

Ambani, who has a net worth of $40.1 billion, took home a lesser pay than his cousins and RIL executive directors Nikhil Meswani and Hital Meswani . The duo earned Rs 19.9 crore each in the financial year 2017-18. In 2016-17, the Meswani brothers were paid Rs. 16.58 crore each.

Ambani’s wife Nita Ambani earned Rs 6 lakh sitting fee and a commission of Rs 1.50 crore as compared to Rs 1.35 crore in 2016-17. Nita joined the RIL board as a non-executive director in 2014.

The 61-year-old Ambani was ranked 19th globally in Forbes 2018 ‘World’s Billionaires’ list, moving up from the 33rd position he occupied last year.