Reliance Group’s business will be divided into digital, retail and energy categories. Mukesh Ambani also praised the new generation during his speech at the AGM. He said that the new generation is confidently taking control of the company into their own hands.
Mukesh Ambani, chairman of Reliance Industries, who has taken charge for two decades, has now begun to hand over leadership to a new generation. Speaking at the company’s 45th Annual General Meeting (RIL 45th AGM) on Monday, he made clear the division of responsibilities between the three children. Eldest son Akash Ambani is already in charge of Reliance Jio, while daughter Isha Ambani runs the Reliance Retail business. In his address, Mukesh Ambani revealed that his younger son Anant Ambani is focusing on Reliance’s new energy business.
This Responsibility To The Youngest Son Anant
It became clear that Reliance Group’s business would be divided into digital, retail and energy categories. Mukesh Ambani also praised the new generation during his speech at the AGM. He said that the new generation is confidently taking control of the company into their own hands.
He said, “Akash and Isha hold senior positions in Jio and the retail business, respectively. Both have been enthusiastically involved in our consumer business from the very beginning. Anant also joined the New Energy business with great enthusiasm. Even he spends most of his time in Jamnagar. All three adopted my father’s thinking.
Akash And Isha Have Been On Board Since 2014.
We inform you that in June, Akash Ambani was appointed Chairman of Reliance Jio Infocomm Ltd, a subsidiary of Jio Platforms Ltd. At yesterday’s AGM, Mukesh Ambani made clear the roles of Isha and Anant, but nothing was done. officially announced what roles they got. Speaking of Mukesh Ambani, he remains the chairman of Jio Platforms along with Reliance Industries. In addition, he currently heads Reliance Retail Ventures Ltd. Although both Akash and Isha have been on the boards of Reliance Retail Ventures Limited and Jio Platforms Limited since October 2014.
Three Children Look Like Their Father
According to Mukesh Ambani, the current leadership team is delegating more responsibilities to the next generation of leaders. He is mentored daily by senior executives, including Mukesh Ambani and board members. He said: “Reliance is focused on attracting the best talent from India and around the world. They will get a great working environment at Reliance. Reliance Industries now employs people from 60 countries. This is a group that will grow over time. Mukesh Ambani also said that the new generation reminds him of Dhirubhai Ambani’s father.
Akash Made These Big Announcements
The responsibility for important announcements at the AGM was also given to Akash and Isha. Akash announced plans for Reliance Jio and 5G. He talked about Jio Air Fiber, Jio’s ultra high-speed 5G service without any wires. He said the service will improve the lives of hundreds of thousands of people in the areas of agriculture, health and education. He said that there are currently 800 million devices connected to the Internet. With the advent of 5G, their number will exceed 1.5 billion a year.
Isha Focuses On Retail Business
At the same time, Isha Ambani mentioned the Reliance Retail business. He said that it had a turnover of Rs. 02 crores and an EBITDA of Rs. 12 crores. He said that Reliance Retail has become one of the top 10 retailers in Asia. To date, the company has provided services to more than 200 million registered customers.
He said that this large number of customers visiting Reliance Retail’s physical stores and digital platforms exceeds the population of countries such as the UK, France and Italy. He said that the number of visitors to Reliance Retail’s digital platforms increased 2.3 times to 4.5 billion in a year. The company’s digital platforms deliver about 6 million orders every day. He said that more than 65% of Reliance Retail’s revenue comes from the group’s own brands.
