Mukesh Ambani, India and Asia’s richest man, continues to make headlines—not for lavish spending, but for his company’s record-breaking contribution to the national exchequer. Reliance Industries Limited (RIL) has emerged as the country’s largest taxpayer, paying ₹2,10,269 crore in taxes during the financial year 2024–25, according to its latest annual report. This marks a significant rise from ₹1,86,440 crore paid in 2023–24.
Over the past six years, Reliance has contributed more than ₹10 lakh crore in taxes. The report highlights that RIL’s total value addition in FY 2024–25 stood at ₹4,30,453 crore, underscoring its vital role in India’s economic ecosystem. Consolidated revenue for the year reached ₹10,71,174 crore, reflecting a 7.1% year-on-year growth.
Ambani: “Reliance is a national institution”
Addressing shareholders, Chairman and Managing Director Mukesh Ambani said, “Reliance is not just a company—it is a national institution that empowers opportunity, progress, and prosperity for 1.45 billion Indians.”
In recent years, Reliance has positioned itself as a multi-engine growth powerhouse. Its balanced, diversified business portfolio has helped buffer against global economic headwinds and market volatility. Over the last decade, the company has delivered a fivefold increase in shareholder value.
A decade of growth
In FY 2015–16, RIL’s market capitalization stood at ₹3.39 lakh crore. By the end of FY 2024–25, it had surged fivefold to ₹17.25 lakh crore. Over the same period, consolidated revenue rose 3.65 times, operating profit grew 3.4 times, and net profit climbed 2.72 times. The company’s net worth expanded 3.4 times to ₹7,95,069 crore, while total assets rose 3.2 times to ₹19,50,121 crore.
No salary for five years
In a rare move for a corporate leader of his stature, Mukesh Ambani has forgone his salary for the fifth consecutive year. His annual pay had been capped at ₹15 crore since 2008–09, a figure he maintained until FY 2019–20. At the onset of the COVID-19 pandemic, he voluntarily waived his entire salary—a decision that remains in place.
However, in FY 2024–25, Ambani received ₹8.85 crore as dividends from the company. The promoter group collectively earned ₹3,655 crore in dividends during the year.
Reliance’s strong financial performance, combined with its unmatched tax contributions, reinforces its position as one of India’s most influential and resilient corporate giants.