MUMBAI: Mukesh Ambani, chairman of Reliance Industries, said the transfer of day-to-day management at the company is “almost complete”, signalling that the succession process at the energy-to-education conglomerate has entered its final stages. The 69-year-old told shareholders that his three children – Akash, Isha and Anant – have each completed three years on the board of RIL and lead key verticals. Akash oversees the technology business, Isha heads the consumer business, while Anant is responsible for the energy portfolio.“They are three bodies, one soul,” Ambani said. “Their soul is Reliance. One single indivisible Reliance, now and forever.”Describing the company’s future leadership as secure, Ambani said: “The future of your company is not only in safe hands, but in hands that will take Reliance to far greater heights.”He added that around 500 young leaders in their 30s and 40s have been developed across various businesses within the group to support his three children and the next phase of growth. According to Ambani, these leaders bring “domain expertise” and “technological fluency”, alongside what he described as the “first generation’s passion”.Although he continues to provide hands-on leadership, Ambani said the transition of day-to-day management responsibilities is now “almost complete”. His current term ends in April 2029.The three siblings have become increasingly visible at RIL’s AGMs, presenting plans and updates on their respective business divisions. Ambani spoke about the succession plan for the first time at an in-house event in Dec 2021. Ambani himself came to the chairmanship under difficult circumstances. He joined the company’s board in 1977 – the year it was listed – at the age of 20, and became chairman and managing director following the death of his father and RIL founder Dhirubhai Ambani in 2002. His succession was complicated by a dispute with his younger brother Anil over control of the company after their father died intestate.
