RIL pays bonuses to over 2 lakh employees for FY21

Mumbai: Reliance Industries (RIL), India’s biggest company in terms of market value, has rolled out bonus/variable payout to its over 2 lakh employees for fiscal 2021. The bonus payout was cited in a company note to employees on Monday. The move comes after RIL reported a 35% growth in profit to Rs 53,739 crore in 2020-21, the first full financial year of the coronavirus epidemic.

The variable payout was made to employees of its five divisions including oil-to-chemicals (O2C) and consumer (retail & telecom). RIL added more than 75,000 people to the consumer business in fiscal 2021, which was among the large hires in corporate India. During the same year, the company’s employee benefits expenses increased 5% to Rs 14,817 crore.