Who will become the boss of Reliance after Mukesh Ambani? Know the truth here

(Mukesh Ambani) has recently talked about the successor of Reliance.

That is, who will take over the reins of an empire worth more than $ 200 billion in the coming times, Mukesh Ambani mentioned it while speaking at a family function.

"Young generation is now ready to take on the role of leadership"

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Who will become the boss of Reliance after Mukesh Ambani? Know the truth here

(Mukesh Ambani) has recently talked about the successor of Reliance.

That is, who will take over the reins of an empire worth more than $ 200 billion in the coming times, Mukesh Ambani mentioned it while speaking at a family function.

"Young generation is now ready to take on the role of leadership"

On the occasion of Dhirubhai Ambani's birthday on December 28, Mukesh Ambani said, "The younger generation is now ready to take on the role of leadership. Now I want to speed up the process of succession. We should guide the new generation. Enabling them They should be encouraged and sat and applauded."

He says, “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."
He further said, "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 it is involved in many businesses. Its oil to chemical company Now number one in sectors like retail, telecom, e-commerce. We have also completely revamped our energy business, now Reliance is poised to become a global leader in clean and green energy and materials."

Ambani fought for succession in the year 2002

Remember the year 2002 when Dhirubhai Ambani died without writing a will. After which the succession battle between Makesh Ambani and Anil Ambani lasts for three years. According to Business Standard, this is probably why Mukesh Ambani wants to hand over the reins of his business to his children from now on. At the same time, a few days ago there were reports that Mukesh Ambani can convert his business into a trust, like many rich houses have done.

But Mukesh Ambani has made it clear by giving this hint that the reins will go in the hands of his children. Although officially he has not told how all this will proceed.

The role of Ambani's children in his business is clearly visible, whether it is to talk about the future of the company in the Annual General Meeting or to finalize a deal worth billions of dollars.
Regarding his children, he clearly said that he has no doubt that his children will take Reliance to the heights.

What are the roles of Ambani's children - Isha, Akash and Anant at present?

Twin siblings Isha Ambani and Akash Ambani, 30, joined the boards of directors of Reliance Jio Infocomm and Reliance Retail Ventures in 2014 at the age of 24.

Isha graduated from Yale University in 2013 in Psychology and South Asian Studies. Before joining Reliance, Isha worked with consultancy firm McKenzie for some time. Meanwhile, Akash studied economics from Brown University and worked with Jio before becoming the board of directors. As the head of Jio's strategy and a member of its executive committee, Akash has closely monitored Jio's product development.
Apart from this, Isha was also instrumental in the launch of fashion portal Ajio and Akash handles the IPL team Mumbai Indians.

At the same time, 26-year-old Anant Ambani also studied from Brown University like his brother. After which he was also included in Reliance. Anant has been inducted on the board of the solar company under Reliance's green energy initiative. In the coming time, the company is going to invest ten billion dollars in green energy.
In whose hands is the command of Reliance Industries right now?

According to the website of Reliance Industries, RIL is headed by a total of five people. The first board member is Hetal R Meswani, who looks after the petroleum refinery and marketing business. Apart from these, Nikhil R Meswani who handles the business related to the refinery and looks after many corporates like Corporate Affairs, Group Taxation.

PMS Prasad has also been associated with Reliance for a long time as Executive Director who has held high positions in Fibers, Chemicals, Refining and Marketing.
Pawan Kumar Kapil is an executive director of Reliance under whose leadership Jamnagar Refining achieved great success. Apart from these, Raghunath Anant Mashelkar is in the role of independent director.

Reliance's Empire and Challenges

According to McKinsey, Reliance will make good progress in mobile internet/telecom, retail and new energy growth in the coming days. These three are included in the top 10 percent of the world's companies, which can have 80 percent profit in the coming time. Also, Reliance has now become a company that does not have any debt and has an opportunity to take advantage of opportunities in these areas.

Jio is the largest telecom operator in the country. The company has recently increased its tariff rates, due to which the company is expected to make more profits. At the same time, Reliance has tied up with Google to make cheaper mobiles.
Although Reliance may get a tough competition in retail, but Reliance has also planned to do well, the company has tied up with WhatsApp. Reliance is not standing far behind in retail, it has a tough competition from top company Amazon.

Talking about New Energy, there is Adani Group which can give tough competition to Ambani. On the one hand, Adani has planned to invest $ 70 billion to achieve this sector, while Ambani has invested in the green energy sector.

It plans to invest $10 billion in the next three years. Reliance has done many deals in the clean energy sector in the last 6 months.

According to Business Today, Kavil Ramachandran, Professor and Family Business Specialist at ISB, Hyderabad, says that Ambani is 64 years old and the time is appropriate for succession planning. Once a business leader is in the 55-60 age group it is natural to prepare for succession. "What Ambani is doing is expected," he says.