Anant Ambani takes the Helm: 5-Year responsibility boosts Reliance Jio's growth

In 2022, Reliance Industries Limited chairman Mukesh Ambani split the responsibility of all businesses of the company among his three children. Daughter Isha Ambani took over the retail business, older son Akash Ambani was entrusted with the telecom business and younger son Anant Ambani was entrusted with the energy sector business. But recently, the younger son got a new task from Mukesh Ambani quite happily.

This new assignment was entrusted with Anant

Now the firm has made yet another significant step. The Reliance Industries' board has authorized the appointment of Anant M. Ambani as the firm's executive director for a term of five years from May 1, 2025. So far, he was part of the company as a non-executive director. Anant Ambani is a member of the board at Jio Platforms Limited since March 2020. Since May 2022, he has also been adding value to the board at Reliance Retail Ventures Limited.

Brown University and brings leadership skills

In addition to this, he has also been a director on the boards of Reliance New Energy Limited and Reliance New Solar Energy Limited since June 2021. He has also been a director on the board of Reliance Foundation, the group's philanthropic arm, since September 2022. Anant is an alumnus of Brown University and brings leadership skills to most of the company's important areas. The decision is a part of the Ambani family succession planning wherein strategic roles are being transferred to the next generation. Even during the AGM, Mukesh Ambani valued Anant's leadership quality and his insight in the energy space.

RIL creates history

RIL has created a new record by announcing the outcome of the January-March 2025 quarter. Reliance has become the first Indian company whose total equity has reached over Rs 10 lakh crore.

Record digital services earnings

Reliance's chairman Mukesh Ambani announced that Reliance's digital services recorded record revenue and profits during the quarter. The earnings have risen because of improved user engagement and robust subscriber mix.

Plan to raise 25,000 crores

RIL's board of directors has also approved raising up to Rs.25,000 crore. It will be raised in one or more tranches, listed or unlisted, secured or unsecured, under private placement of non-convertible debentures.