Mukesh Ambani Lays His Succession Plan, Daughter Isha Ambani To Head Reliance's Retail Business

Mukesh Ambani named his daughter, Isha Ambani Piramal as the leader of Reliance Retail and his son, Anant Ambani as head of the new energy business.

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By Monisha G Kumar Last Updated:

Mukesh Ambani Lays His Succession Plan, Daughter Isha Ambani To Head Reliance's Retail Business

The Ambanis are one of the most powerful business leaders, and Mukesh Ambani is currently the second-richest person in Asia as per Bloomberg Billionaire Index. And now, Mukesh Ambani has outlined a succession of his 220 billion dollars conglomerate among his three children, Akash Ambani, Isha Ambani and Anant Ambani.

It was on June 28, 2022, when Mukesh Ambani had announced that he had stepped down from his position in Reliance Jio and his elder son, Akash Ambani has taken over the same. Mukesh Ambani had handed all the responsibility of the telecom unit, Reliance Jio Infocomm Ltd., to the new chairman, Akash Ambani.

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And now, the business tycoon introduced his daughter, Isha Ambani Piramal as the new leader of Reliance Retail business. Speaking at the 45th Annual General Meeting of Reliance Industries, Isha was introduced as the head of the retail business. In the meeting, Isha gave a presentation on placing online groceries using WhatsApp and also stated that Reliance would launch FMCG (Fast Moving Consumer Goods). Talking about the same, Isha said:

“As part of our commitment to India's rich culture and heritage, we will soon start marketing quality goods produced by tribals and other marginalised communities across India.”

In the same meeting, Mukesh Ambani also identified his youngest son, Anant Ambani as the leader of the new energy business. Anant will be focusing on the conglomerate’s new energy business. Speaking up about the succession, Mukesh Ambani stated:

“Akash and Isha have assumed leadership roles in Jio and Retail respectively. They have been passionately involved in our consumer businesses since inception. Anant has also joined our New Energy business with great zeal."

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For the unversed, Isha Ambani was ranked second on Forbes' 'Youngest Billionaire Heiresses' list in 2008. Successfully carrying forward her family’s legacy, Isha, an Ivy-League graduate from Yale University with a degree in psychology and South Asian studies, has carved her niche in the business world. Isha had added ‘Piramal’ to her surname after tying the knot with the business tycoon, Anand Piramal, son of billionaire Ajay Piramal and Swati Piramal, on December 12, 2018.

Isha Ambani Piramal and Anand Piramal

With Akash Ambani, Isha Ambani Piramal and Anant Ambani’s leadership, we are sure that Mukesh Ambani’s conglomerate will see new heights.

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