Hital Meswani’s contribution in transforming Reliance Industries into India’s largest private company is also immense. Meswani’s role in the successful completion of several mega projects of Reliance like Hazira Petrochemicals, Jamnagar Refinery cannot be overlooked. Currently, Hital Meswani manages eight businesses of Reliance Group. These include Reliance Petroleum Limited, Reliance Commercial Dealers Limited, Reliance Industrial Investments & Holdings Limited and Indian Film Combine Pvt.
Salary of Meswani
According to the available data, the salary/remuneration received by Hital Meswani in the financial year 2021-22 was 24 crores. His brother Nikhil Meswani got the same status. These two brothers are the highest paid executives in Reliance Industries.
Education of Meswani
According to the company’s website, Hital Meswani holds a degree in management and technology from the University of Pennsylvania in the United States. He holds a BSc in Chemical Engineering from the School of Engineering & Applied Sciences and a BSc in Economics from the Wharton Business School.
Relationship with Ambani
Hital Meswani is also the nephew of Reliance Industries Chairman Mukesh Ambani. He is the son of Rasik Lal Meswani and Trilochana Ben. Trilochana Ben is the elder sister of Reliance founder Dhirubhai Ambani. Hital Meswani joined Reliance in 1990. He has also been a member of the Board of Directors of Reliance Industries since 1995.
During the period from 2008-09 to 2019-20 financial year, Mukesh Ambani’s annual remuneration was pegged at 15 crores. Then he waived his salary from the financial year 2020-21 in the wake of Covid. He was adamant that he would not be paid until the company and its sub-business segments, which have seen a drop in production due to the lockdown, maximize their revenue potential. Thereafter, Ambani did not receive any salary or commission commensurate with the profits from Reliance Industries.