Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani introduced his daughter Isha as the head of the group's retail business at the 45th Annual General Meeting (AGM) on Monday. Along with this, there have been strong indications of his succession plan. Earlier, Mukesh Ambani had nominated their son Akash as the chairman of the group's telecom arm Reliance Jio.
At the 45th Annual General Meeting, Mukesh Ambani introduced Isha as the leader of the retail business. He called Isha Ambani to speak about the retail business and called her it's head. Isha also gave a presentation on online grocery ordering and online payment using WhatsApp.
65-year-old Mukesh Ambani has three children. Isha and Akash are twin siblings, while Anant is the youngest. Isha is married to Anand Piramal of Piramal Group. Reliance Group has three main businesses, which are Oil Refining & Petrochemicals, Retail Business, and Digital Business (including Telecom). Of these, retail and digital businesses are wholly owned entities. Whereas oil-to-chemical or O2C business comes under Reliance. The new energy business is also part of the parent company. It is expected that Mukesh Ambani may hand over the oil and energy business to his younger son Anant.
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