Reliance Industries Chairman and Managing Director (CMD) Mukesh Ambani's children, Isha, Akash, and Anant, on Monday were appointed on the board of his energy-to-technology conglomerate Reliance Industries Ltd, in what is seen as a clear path of succession planning at India's most valuable company.
The board of Reliance met ahead of the company's annual general meeting to approve the appointment of twins Isha and Akash as well as Anant, as the "non-executive directors of the company," the firm said in a stock exchange filing.
Last year, the 66-year-old tycoon had made way for his first-born Akash Ambani to become the chairman of India's largest mobile firm, Reliance Jio Infocomm Ltd.
Ambani, however, continued to be the chairman of Jio Platforms, the firm that holds Reliance Jio Infocomm. Akash's twin sister, Isha, 31, was identified for Reliance's retail arm and the youngest sibling Anant for new energy business.
Reliance Retail currently employs 2.45 lakh people in India and serves 98 per cent of the country’s pincodes, says Isha Ambani. The launch of JioMart on Whatsapp has seen consumers grow by nine times. Reliance Retail opened over 3,300 stores last year, has 2.5 lakh on-roll employees, she said.
New Commerce business grew phenomenally on back of our omni-channel capabilities. The launch of JioMart on WhatsApp has been a phenomenal success with 9X growth of JioMart customers on WhatsApp since launch in 2022, said Isha Ambani. She pointed out that JioMart on-boarded 25,000+ artisans, weavers and micro-entrepreneurs. 1.6 lakh products of artisans from 150+ cities are available on our platforms. We work with 2500+ handloom weavers, covering 50 craft clusters.
Meanwhile, Ambani said that Reliance Jio was launched seven years ago with an ambitious mission to transform India into a Premier Digital Society. Jio has been main catalyst of New India’s spectacular digital transformation. Now our ambitions go beyond the shores of India.