About 13 years ago Mukesh Ambani and his younger brother Anil lived in the same Mumbai house with their mother as they were fighting with each other in the courts for their father’s empire.
The couple’s father, Dhirubhai Ambani, died in 2002 without leaving a will to divide the company between heirs. Thus the fratricidal quarrel in the Reliance group created insurmountable problems.
After Dhirubhai Ambani’s demise in 2002, Mukesh and his brother Anil took over the joint leadership of Reliance. Shortly afterwards, however, the brothers agreed to a compromise with their mother to compete and split Reliance’s assets.
After this Mukesh Ambani’s business grew. Ambani’s assets are valued at an average of $ 104.7 billion. Meanwhile Anil Ambani became a debtor. There was also the incident where Mukesh Ambani helped when he was unable to repay the loan.
Economists say the value of Mukesh Ambani’s assets has peaked and is still standing. Thus he is said to want to expand his business in a different way.
Mukesh Ambani is also adamant that his children should not be exposed to such experiences. Due to this he has been dividing the responsibilities of the company to his 3 children during his tenure. As well as deviating a little from corporate responsibilities in the way they operate on their own.
Ahead of this, Mukesh Ambani’s eldest son Akash Ambani has been appointed as the Chairman of Reliance Jio. Steps are being taken to hand over Isha Ambani, daughter of Reliance Group’s retail division. Not only this, it seems that the management of the traditional oil refining business of the family will be completely handed over to the second son Anand.
Akash Ambani, age 30.
Akash Ambani is the eldest son of Mukesh Ambani. After graduating with a degree in Economics from Brown University, Akash joined Reliance Group in 2014 as Director of Reliance Jio, Telecommunications Division.
With over 400 million subscribers, Akash Ambani has been instrumental in the strategy and development plans that have made Geo India’s largest telecom operator. He is now the Chairman of Geo. Not only this, Mukesh Ambani has also left Geo. Thus Akash Ambani has accepted the responsibility of fully developing Geo.
Akash has been working to bring a vibrant culture to Geo while he is young. Akash believes his efforts will be of great benefit in product development and staff involvement. An avid cricket fan, he also played a key role in the management of the Reliance-owned Mumbai Indians team in the IPL, the richest cricket league in the world.
Akash was also part of the team that raised $ 5.7 billion in 2020 through Meta Platforms on Reliance unit Geo Platforms. 2019 Married Sloka Mehta, daughter of a wealthy diamond merchant. The couple recently had a baby.
Isha Ambani, 30 years old.
Akash Ambani’s twin sister Isha Ambani. Reliance is already involved in retail and e-commerce operations. Reliance is also one of the largest retailers in India.
Isha has come up with a plan to rapidly expand the company in the e-commerce segment like the giants like Amazon. Isha has been working with Reliance to collaborate with Ajio e-commerce app and top international brands and Reliance on fashion.
Isha holds a degree in Business Management from Stanford. Fortune Magazine last year hailed her as the heir of duty and Fortune magazine ranked her as the 21st most powerful woman in India.
He is actively working on building a new Reliance Mall. In 2018, Isha married Anand Pramala, the son of a billionaire businessman who is active in the real estate and pharma sector.
Anand Ambani, age 27.
Mukesh Ambani’s youngest son is Anand Ambani. He graduated in 2017 from Anand Brown University. He has been focusing on the energy business, a key part of the Ambani Group’s investment. Reliance has come up with big plans in this field as the central government is implementing various schemes to enhance green energy efficiency.
Reliance is expanding its clean energy projects, including solar and green hydrogen. Not only this, the oil refining industry today is experiencing astounding growth in many sectors. So Anand has accepted the responsibility of handling this important sector.
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