Meet man, whose father mentored Mukesh Ambani, he is playing key role in…, now Reliance’s highest-paid employee

While Mukesh Ambani remains the face of Reliance Industries, it is dedicated professionals like Nikhil Meswani who drive the company’s success from behind.

Written by: Anirudha Yerunkar Edited by: Anirudha Yerunkar

Published: December 2, 2024, 3:04 PM IST

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https://www.india.com/business/meet-nikhil-meswani-whose-father-mentored-mukesh-ambani-he-is-playing-key-role-in-petrochemical-buisness-now-reliances-highest-paid-employee-7436047/ Copy

Reliance Industries, led by India’s richest man Mukesh Ambani, is home to many top executives, but none earns more than Nikhil Meswani, a close associate of Ambani and a key leader in the company. His annual salary of Rs 24 crore surpasses that of any Ambani family member, making him the highest-paid employee of the conglomerate.

Mukesh Ambani’s Salary

Mukesh Ambani, with a net worth exceeding $106 billion, oversees one of India’s largest business empires. However, he has chosen not to draw a salary from Reliance Industries in recent years. Before the COVID-19 pandemic, Ambani received an annual remuneration of ₹15 crore, a figure he voluntarily gave up in 2021 to support the company during its recovery period.

Nikhil Meswani: Reliance’s Highest-Paid Employee

Nikhil Meswani, a veteran at Reliance Industries, plays a pivotal role in the company’s petrochemical division and sports ventures. His annual salary of ₹24 crore not only highlights his importance within the organization but also positions him as the highest-paid employee, surpassing any Ambani family member’s earnings.

Nikhil and his brother Hital Meswani, both close to Mukesh Ambani, are integral to Reliance’s operations. Their influence stems from a long-standing family connection, as their father, Rasikbhai Meswani, was a key figure in Reliance’s early days.

Rasikbhai Meswani: Mukesh Ambani’s First Mentor

The Meswani family’s association with Reliance dates back to its inception. Rasikbhai Meswani, a nephew of Dhirubhai Ambani, was one of the original directors of the company and instrumental in managing its polyester business. He played a critical role in Mukesh Ambani’s early career, serving as his first mentor and supervisor.

Nikhil Meswani’s Journey at Reliance

Nikhil Meswani joined Reliance Industries in 1986 and has been a Whole-time Director since July 1, 1988. Starting as a project officer, much like Mukesh Ambani, he climbed the ranks through hard work and dedication. His expertise in the petrochemical sector has helped establish Reliance as a global leader in the industry.

Beyond petrochemicals, Nikhil has been instrumental in overseeing the company’s expansion into sports, contributing to Reliance’s diverse portfolio and continued success.