Mumbai: The 45th Annual General Meeting (AGM) of Reliance Industries Limited was held on Monday. In this meeting, Mukesh Ambani, CMD of Reliance Industries made a big announcement. In his address, Mukesh Ambani announced handing over the reins of Reliance Retail to Isha Ambani. He has earlier nominated his son Akash as the chairman of Reliance Jio.
At the AGM of Reliance Industries Limited, Mukesh Ambani introduced Isha as the leader of the retail business. While calling Isha to speak about the retail business, he called it it’s head.
Mukesh Ambani’s three children
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 the youngest is Anant. Isha is married to Anand Piramal of Piramal Group.
Reliance Group mainly has 3 businesses which are Oil Refinery and Petro-Chemical, Retail Business, and Digital Business (including Telecom). Of these, the retail and digital businesses are under wholly-owned entities, while the oil-to-chemicals or O2C business comes under Reliance. The New Energy business is also part of the parent company. There is a possibility that Mukesh Ambani may hand over the oil and energy business to his younger son Anant.
