Ambani Legacy Continues: Reliance Empowers Ambani’s Children with Board
Reliance Empowers Ambani’s Children with Board
Reliance started its legacy with the new-age leaders for the Ambani’s empire, Nita Ambani is now making a place for her children Akash, Isha, and Anant by taking a step back from the position of the board of directors.
As per the recommendations by the board meeting, Akash Ambani, Anant Ambani, and Isha Ambani will be the new non-executive directors of the oil-to-retail blend. The approval is still awaited from the shareholders.
Mukesh Ambani is the chairman of Reliance Industries Limited (RIL).
All three Ambani’s always had involvement in the key business of reliance and management for the past few years. The businesses that have their involvement are digital services, retail, energy, and materials.
Nita Ambani’s resignation will not prevent the company from taking her suggestions for its growth. She will continue attending the meetings of the board as the permanent invitee and will help the company with her valuable advice.
“The Board of Directors also accepted the resignation of Nita Ambani from the Board respecting her decision to devote her energies and time to guide and enable Reliance Foundation to make an even greater impact for India,” it said as per NDTV’s latest news report.
In 2021 Mukesh Ambani shared about his family’s succession plan where he described how the businesses will be divided amongst the three children. The new energy business will run under his youngest son Anant Ambani. The telecom and digital business will be going to Mukesh Ambani’s elder son Akash Ambani and Isha Ambani will hand over the retail business.
Mukesh Ambani made a way for his son Akash Ambani to become the chairman of Reliance JioInfocomm Ltd last year. However, Mukesh Ambani will not lose full control and will still be the chairman of Jio Platforms, which holds Reliance Jio Infocomm.