Meet Hital Meswani: The highest-paid employee in Reliance, what is his relation with Mukesh Ambani?

Mukesh Ambani is a corporate titan in India, also Asia's richest person, with a staggering net worth of Rs 9,79,580 crore. As the head of Reliance Industries, the country's most valuable conglomerate with a market capitalization surpassing Rs 2,046,247 crore as of July 30th, Mukesh Ambani manages an extensive empire across various sectors.

While Mukesh Ambani's leadership and his children—Anant Ambani, Isha Ambani, and Akash Ambani—are widely recognized for their roles in driving Reliance's success, there is another key player in the company’s growth: Hital Meswani. He is not only one of Reliance’s highest-paid employees but also plays a significant role in its operations.

Who is Hital Meswani?

Hital Meswani is Mukesh Ambani's nephew and the son of Rasiklal Meswani and Trilochana Ben. Trilochana Ben was the elder sister of Dhirubhai Ambani, the founder of Reliance Industries. Hital Meswani joined Reliance in 1990 and has been a part of the Reliance board since 1995.

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Hital Meswani's Education and Career

Hital Meswani's educational background is impressive. He graduated with a Bachelor of Science in Chemical Engineering from the School of Engineering and Applied Sciences at the University of Pennsylvania (UPenn) in the USA. Additionally, he holds a Bachelor of Science degree in Economics from the Wharton Business School. His academic qualifications have equipped him with a solid foundation in management and technology.

Hital Meswani’s career at Reliance Industries has been marked by significant achievements. He has been instrumental in overseeing key projects such as the Hazira petrochemicals complex and the Jamnagar refinery. Under his guidance, Reliance’s refinery and production facilities have thrived. Hital Meswani’s role extends to managing several of Reliance’s businesses, including Reliance Petroleum Limited, Reliance Commercial Dealers Limited, Reliance Industrial Investments and Holdings Limited, and the Indian Film Combine Pvt. Ltd.

Hital Meswani’s Remuneration and Recognition

Accoding to India.com, in the financial year 2021-22, Hital Meswani's salary was Rs 24 crore, making him one of the top-paid executives at Reliance Industries. He shares this distinction with his brother, Nikhil Meswani. Hital Meswani's contributions to the industry have earned him various accolades, including an Honorary Fellowship from the Institution of Chemical Engineers (IChemE) and the prestigious 2011 D. Robert Yarnall Award from The Engineering Alumni Society of UPenn. He also received the Honorary CEPM-PMA Fellowship Award for Project Management Excellence.

Moreover, Hital Meswani is a member of the Board of Management at the Somaiya Institute of Management Studies and Research in Mumbai, reflecting his commitment to both professional excellence and educational advancement.

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The Relationship Between Mukesh Ambani and Hital Meswani

Credit: Reliance

Mukesh Ambani and Hital Meswani share a close familial and professional bond. As Mukesh Ambani’s nephew, Hital Meswani has significantly contributed to the success of Reliance Industries. Despite Mukesh Ambani’s decision to forgo his salary from the financial year 2021-22 onwards due to the COVID-19 pandemic, Hital Meswani’s compensation underscores his vital role in the company’s operations.

Hital Meswani stands out not only as Reliance’s highest-paid employee but also as a key figure in its success story. His educational achievements, career milestones, and significant remuneration highlight his indispensable role within Reliance Industries and his close association with Mukesh Ambani.

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