Asia’s wealthiest person, Mukesh Ambani, has taken a significant step in planning for the future of his company, Reliance Industries Ltd. The 66-year-old has appointed his three children as non-executive directors on Reliance’s board. He plans to spend the next five years using his leadership position to prepare them to take over the company. This move aims to avoid the family disputes that happened in the past when the founder of Reliance, Dhirubhai Ambani, passed away without a clear plan, causing conflicts between Mukesh and his brother Anil.
Mukesh Ambani’s kids – Isha, Akash, and Anant – have already been involve in important business decisions. They were part of talks with Meta Platforms Inc. for a significant investment. They also have specific roles in various parts of Reliance’s businesses, including energy, retail, telecom, and digital services.
Each child owns a substantial ownership stake in Reliance. However, it remains to be seen if they can continue their father’s legacy of turning Reliance into India’s biggest company. The eldest child, Isha, leads the retail business and played a role in the launch of Reliance Jio Infocomm. Akash oversees Reliance Jio Infocomm and also helps manage the family’s cricket team. Anant is involved in the company’s renewable energy transition.
Mukesh Ambani‘s goal is to ensure a smooth transition and avoid any conflicts in the future. His children will be learning and gaining experience over the next few years to carry forward the legacy of Reliance Industries.