Two decades after assuming control, he puts his eldest son in charge of the Reliance group’s telecoms arm.
Mukesh Ambani has flagged off the much-awaited succession plan within the Reliance empire. He has stepped down as director of the conglomerate’s telecoms arm, Reliance Jio Infocomm, and subsequently, the company’s board has appointed his son, Akash, 31, as chairman. The changes were made known in a communication to stock exchanges earlier today .
Though several family members are board members in group companies, this will be the first time since 2002 that someone other than Mukesh Ambani will be leading a group company. Ambani took charge of the Reliance group after the death of the founder chairman, Dhirubhai Ambani, …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
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Mumbai