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MUKESH AMBANI GIVES STRONGEST SIGNAL YET ON RELIANCE'S SUCCESSION PLAN

Premium

Mukesh Ambani, chairman and managing director of Reliance Industries Ltd.reuters
1 min read . 04:05 PM ISTLivemint

 * Akash and Isha have assumed leadership roles in Jio and Retail respectively,
   said Mukesh Ambani at RIL's 45th AGM



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A clear hint at his succession plan for the Reliance Industries, its chairman
and managing director Mukesh Ambani said at the company's 45th AGM said that “at
a time when a bright future is beckoning Reliance, what gives me optimism is our
huge reservoir of young, dynamic and best-in-class talent. Our next-gen leaders
are confidently taking over the reins across businesses."

RIL’s AGM tends to be announcement-heavy this year's expectations centered on
the conglomerate Chairman Mukesh Ambani's succession plans, among others.

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Ambani's three children, daughter Isha and sons Akash and Anant, already hold
various directorships in the conglomerate's businesses. “Akash and Isha have
assumed leadership roles in Jio and Retail respectively. They have been
passionately involved in our consumer businesses since inception. Anant has also
joined our New Energy business with great zeal. In fact, he is spending most of
his time in Jamnagar," he said during his speech at RIL's annual general meeting
on Monday.



With the early stages of succession planning, Ambani stepped down as the
chairman of Reliance Jio Infocomm Ltd. in June, making way for his elder son,
Akash, who took over the helm at the telecom business. After which, there have
been expectations of Isha Ambani, who is the current director of Reliance
Retail, to be named chairman of the conglomerate’s retail unit.

“All three have fully inherited our Founder's Mindset. They are First Among
Equals in a young team of leaders and professionals who are already doing
amazing things at Reliance. Of course, all of them are being mentored on a daily
basis by our senior leaders, including myself and the Board of Directors. All
our next-gen leaders are determined, focused, and are brimming with fresh ideas
and creativity. They think big, and they think fast. They have the courage to
dream, as well as the ability to execute them," he added.


RELIANCE INDUSTRIES

+ Add to Watchlist

2,596.80-21.95 (-0.84%)

Updated - 29 AUG 2022

2653.30

DAY HIGH

2570.00

DAY LOW

5,04,166.00

VOLUME (BSE)
More Information

Mukesh Ambani chairs and runs Reliance Industries, which has interests in
petrochemicals, oil and gas, telecom and retail. Almost 60% of Reliance’s
revenue comes from oil-refining and petrochemicals, though, the conglomerate has
been reducing its dependence on oil-refining by diversifying into retail,
telecommunications and technology, and is also pivoting into new energy
business.

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