Business

Mukesh Ambani scions inducted into boards of two group firms

Akash Ambani and Isha Ambani on their way to attend Reliance Industries AGM in Mumbai. File photo: Paul Noronha  

The third-generation members of the Ambani family of Reliance have been formally inducted into boards of Reliance Industries Ltd. (RIL) group companies, making their debut in the boardrooms.

RIL, on Saturday, announced the appointment of Nita and Mukesh Ambani’s children Isha and Akash as board members of Reliance Jio Infocomm Ltd. and Reliance Retail Ventures Ltd., which are parts of the RIL group. At the board meetings held on Saturday, these two unlisted companies approved the appointment of the young Ambanis.

Twenty-three-year-old Ms. Isha and Mr. Akash are twins, and they are the scions of the business family that leads biggest private sector company.

Ms. Isha has graduated from Yale University with double majors in psychology and South Asian studies. She was a business analyst at McKinsey & Company’s New York office.

Mr. Akash has graduated from Brown University with major in Economics. He is closely involved in the development of products and digital services applications in Reliance Jio. In May, Ms. Nita Ambani was inducted into the RIL board.

The board of Reliance Retail has also appointed Adil Zainulbhai, an independent director of RIL, on its board.

Dipak Jain is already an independent director on the board of Reliance Retail. Mr. Zainulbhai and Mr. Jain are independent directors on the board of Reliance Jio Infocomm.

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Printable version | Apr 12, 2021 2:22:29 AM | https://www.thehindu.com/business/mukesh-ambanis-children-join-ril-board/article6492024.ece

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