Reliance Industries Chairman Mukesh Ambani has made a statement for the first time on the issue of his group's succession. He said that the new generation is ready for leadership. Akash, Isha, and Anant are doing better than us.
Mukesh Ambani was speaking at a family function
Mukesh Ambani was speaking at a family function on the birthday of Reliance founder Dhirubhai Ambani. He said, “The younger generation is now ready to take on the leadership role. Now I want to speed up the process of succession. We should guide the new generation. They should be enabled. They should be encouraged and sat and applauded. "
Ambani said, "I can see and feel the children's passion, commitment, and dedication for Reliance every day. I see in them the same fire and ability that my father had to change the lives of millions and help India's progress." To contribute to the development."
Ambani said these 3 big things for the group
1. Brighter future than ever
Ambani said that as we enter the second half of Reliance's golden decade, I can tell you that the future of our company looks brighter to me than ever before. I can make two predictions with confidence. Firstly, India will become one of the top three economies of the world. Second, Reliance will become one of the strongest and most prestigious Indian multinationals in the world.
2. Lay the foundation for the future growth of Reliance
Ambani said that the time has come to take advantage of this huge opportunity and lay the foundation for the future growth of Reliance. Reliance started as a textile company. Now involved in various businesses. Its oil to the chemical company has now become number one in sectors like retail, telecom, e-commerce. Its products touch people's lives every day.
3. Revamped Energy Business
He said that we have completely revamped our energy business. Reliance is now poised to become a global leader in clean and green energy and materials. This transformation of our oldest business will provide us with the biggest growth engine for Reliance.
Chairman and MD will be different in listed companies
Ambani's statement comes ahead of SEBI's April 2022 deadline to separate the posts of chairman and managing director in listed companies. Markets regulator SEBI has extended the deadline for listed companies to comply with its new norms. Its chairman Ajay Tyagi said on Tuesday that we have given enough time to the industry to separate the posts of chairman and managing director. I can only appeal to the industry to follow it.
75 thousand crores will be invested
At Reliance's annual meeting in June this year, Ambani had announced an investment of Rs 75,000 crore in clean energy over three years, as the company moved away from fuel fossils. On the Retail and Telecom (Jio) business, Ambani said that in the last one year alone, we have added about one million small shopkeepers and created about one lakh new jobs. This growth engine will continue to create significant social value by providing unlimited opportunities for our partners and employees.
Jio added over 120 million customers and brought fiber to nearly 40 lakh homes and business establishments. Ambani, India's richest person, said that while normalcy is slowly returning, there is still a cloud of uncertainty due to Corona.
Mukesh Ambani became the chairman of Reliance in 2002
Ambani, 64, took over as the chairman of Reliance after the death of his father in 2002. Their three children, Akash, Isha, and Anant are involved in Reliance's telecom, retail, and energy business. None of them are on the board of Reliance, but they are directors in key verticals of the company. He said that I do not doubt that Akash, Isha, and Anant will take Reliance to even greater heights by becoming the next generation of leaders.
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