Today is 19th April, the birthday of Asia’s richest businessman Mukesh Ambani. Mukesh is now 68 years old. With increasing age, Ambani has been working for the last several years on a plan to hand over his business empire to the next generation. After the death of father Dhirubhai Ambani, he inherited Reliance and a dispute with brother Anil Ambani. Mukesh does not want to give such a legacy to his two sons and a daughter. On his father Dhirubhai’s birthday on 28 December 2023, he had said – The future of Reliance belongs to Akash, Isha, Anant and their generation. I have no doubt that they will achieve more in life and bring more achievements to Reliance than the people of my generation. Here we are telling in detail about Mukesh Ambani’s success and succession plan on his birthday…. Jio handed over to Akash, retail to Isha and new energy business to Anant Mukesh Ambani has three children. Akash-Isha and Anant. In 2022, Mukesh made his elder son Akash the chairman of Reliance Jio Infocomm Limited. Isha Ambani is handling Reliance Retail and Anant Ambani is looking after the New Energy Business. All three have also been included in the board of Reliance. Mukesh Ambani had announced this in the 2023 AGM. He also said that he will remain the chairman and CEO of the company for the next 5 years, focusing on preparing ‘next generation’ leaders. 1. Akash Ambani: In 2014, he got an economics degree from Brown University. After this he joined the family business. In October 2014, he joined the board of Reliance Jio Infocomm Limited (RJIL). He has been the chairman of RJIL since June 2022. Akash Ambani has also been on the boards of Jio Platforms Limited, the digital service business of Reliance Industries and Reliance Retail Ventures Limited. In 2019, he married Shloka Mehta. They have two children. Elder son Prithvi and daughter Veda. 2. Isha Ambani: Studied from Yale and Stanford. Joined the family business in 2015. He is on the boards of Reliance Retail Ventures, Jio Infocomm, Jio Financial Services. Isha got married to Anand Piramal, son of businessman Ajay Piramal, in December 2018. Isha Ambani is driving the expansion of Reliance Retail. She has launched new formats for Reliance Retail such as ecommerce business Ajio and online beauty platform Tira. Reliance Retail has a presence in food, consumer electronics and fashion retail. 3. Anant Ambani: Studied at Brown University in the US. He is a director on the boards of Jio Platforms Limited since March 2020, Reliance Retail Ventures Limited since May 2022 and Reliance New Energy Limited and Reliance New Solar Energy Limited since June 2021. Anant Ambani is driving the expansion of Reliance Industries’ energy and materials business. Under his leadership, Reliance aims to become a net carbon zero company by 2035. Anant is also working on animal welfare. How big is Reliance’s empire? Reliance Industries Limited is the largest private sector corporation in India. The company’s journey that started with textiles and polyester has now spread to energy, retail, entertainment and digital services. Reliance has the world’s largest refinery at a single location. Reliance’s market cap is more than Rs 17.5 lakh crore. It is the largest payer of custom and excise duty in the private sector. Almost every Indian uses some or the other product or service of Reliance. Dhirubhai Ambani had laid the foundation of Reliance. Dhirubhai Ambani had laid the foundation of Reliance. He was born on 28 December 1933 in Junagadh district of Saurashtra. When he entered the business world, he had neither ancestral property nor bank balance. Dhirubhai married Kokilaben in 1955. He has two sons Mukesh-Anil and two daughters Deepti and Nina. After Dhirubhai’s death on 6 July 2002, his wife Kokilaben played the main role in the division of his property. What was the reason for the tussle between Mukesh and Anil? Interesting facts related to Reliance’s business
