- Mukesh Ambani may step down from Reliance Industries
- Ambani hinted not only at the division of assets but also at the change of leadership
Reliance Industries is the most valued company in India. Mukesh Ambani’s successors may soon take over the leadership of the company. Reliance is a business empire spanning a wide range of sectors, from energy to telecom. There are indications that the $ 208 billion empire may be split for children. There were rumors that Mukesh Ambani was planning to part with traditional assets. But yesterday, Ambani himself hinted at a change of leadership behind the news that Mukesh Ambani was preparing to step down from Reliance Industries. But the company has not given any official confirmation for this.
He told the public that Reliance was trying to pass on the family business to the next generation of young leaders. .
Ambani is of the view that the change of leadership of the older generation, including himself, should be accelerated and passed on to the younger generation. Ambani opened his mind to the world at Reliance Family Day, the annual event to mark the birthday of Reliance Group founder Dhirubhai Ambani. He said India would become one of the top three economies in the world and Reliance Industries would become one of the strongest Indian multinationals in the world.
Mukesh Ambani, one of Asia’s richest men, has reminded people not to be complacent about their past achievements but to say that past achievements are a thing of the past.
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Aakash and Isha have been directors of Reliance Jio and Reliance Retail since 2014. His youngest son Anand may also lead Reliance Industries. Anand Ambani has been the Additional Director of Reliance Jio since March.
Earlier, it was reported that Mukesh Ambani was leaving his business network to look after his three children. There were indications that a special family council might be formed for this purpose.
All three of his sons are represented on the council, which is formed to facilitate the administration of Reliance. The hint was that Nita Ambani and someone outside the family would be on the council. The family members will act as advisors and members of the company.