Family council to be formed to decide; Isha, Akash and Anant will have full responsibility

Posted on 14th Aug 2020 by rohit kumar

In the country's largest corporate house Reliance Industries Group, preparations have now begun for a future successor. It is reported that the owner of the company, Mukesh Ambani Family Council, wants to keep everything clear for their children in the coming times. Among the people whom Ambani will succeed in this council, his three children Akash, Anant, and Isha Ambani. There will also be an outsider who will work as a mentor and mentor. This is the first such case in the corporate houses of the country where everything is already being decided.

 

... so that their children do not have family disputes

 

This is the reason behind Mukesh Ambani's plan which he saw after the death of Dhirubhai Ambani, the founder of the company. After his death, the whole world saw the dispute between Mukesh and Anil Ambani, and the two brothers separated. Therefore, Mukesh Ambani wants to set aside everything like that and decide everything in advance. 63-year-old Ambani is the fourth richest businessman in the world. His wealth is more than $ 80 billion. The objective of this scheme is to run the business smoothly. In this way, their business will continue as usual without any family mess.

 

All family members will be included in the council

 

According to Live Mint's news, two people aware of the case have said that Ambani is considering taking this decision so that a successor to Reliance's business umpire can be decided. All members of the family will get an equal stake in this council. It will also include Ambani's son Akash Ambani, Anant Ambani, and daughter Isha Ambani.

 

The council will have a member outside the family

 

According to the news, the council will also include a member from outside the family. Which will work as a mentor and consultant? However, Reliance Industries has not yet made any official statement on this.

 

Mukesh Ambani and Anil Ambani have a dispute over heritage

 

Significantly, after the death of Dhirubhai Ambani, one of India's biggest industrialists, there was a lot of struggle between his two sons over the sharing of business. Mukesh Ambani and his brother Anil Ambani had a long-running dispute over Reliance's legacy. The situation had become such that both the brothers had stopped speaking. Mukesh Ambani does not want the future to happen to his children that has happened to him.

 

In June 2005, there was a split between Mukesh and Anil Ambani

 

Mukesh Ambani joined Reliance in 1981 and Anil Ambani in 1983. After the death of Dhirubhai Ambani in July 2002, Mukesh Ambani became the chairman of the Reliance Group. Anil became the managing director. In November 2004, for the first time, Mukesh and Anil's fight broke out. In June 2005, there was a split between the two. But, which company will get which brother? It was divided by 2006. The dispute between the two brothers went on for about 4 years.

 

Mother Kokilaben resolved the dispute between the two sons

 

Dhirubhai Ambani's wife Kokilaben was upset by this ongoing dispute in the family. Kokilaben wanted the two brothers to somehow compromise. Later Kokila Ben divided the company into two parts and gave it to both sons. After Partition, Mukesh Ambani's share of petrochemical business came from companies like Reliance Industries, Indian Petro Chemicals Corp Ltd, Reliance Petroleum, Reliance Industrial Infrastructure Ltd. So the younger brother formed the Anil Dhirubhai Ambani Group. It had companies like RCom, Reliance Capital, Reliance Energy, Reliance Natural Resources.