Meet the sons of Indian billionaire Mukesh Ambani

71
2
Meet the sons of Indian billionaire Mukesh Ambani

One of the country's richest individuals, Indian billionaire Mukesh Ambani, has initiated a long-anticipated leadership transition at the energy-to- retail conglomerate Reliance by handing over the chairmanship of its telecoms unit to his son.

Here are details about Ambani's three children who are expected to have more say in India's biggest conglomerate, valued at around $200 billion.

Akash, the elder son of Ambani, joined the leadership team at the group's telecom unit, Reliance Jio, in 2014, soon after completing his graduation in economics from Brown University.

He will be chairman of the telecom unit, Reliance said Tuesday.

Akash has been involved in product development and employee engagement to bring the company a young and vibrant culture. An avid cricketer, he plays a key role in the management of Mumbai Indians, a Reliance-owned team in the IPL, the world's richest cricket league.

Akash was part of a team that brokered a $5.7 billion investment in 2020 by Meta Platforms in a Reliance unit, Jio Platforms.

In the year 2019 he married Shloka Mehta, daughter of a wealthy diamond merchant.

Isha is Akash's twin sister and already responsible for driving the company's retail, e-commerce and luxury plans. Reliance is also India's biggest bricks and mortar retailer, with plans to expand into e-commerce to take on giants like Amazon.

She is also involved in expanding Reliance's presence in fashion through the company's Ajio e-commerce app and Reliance's partnerships with top international brands.

Isha has a business management degree from Stanford. In the last year, Fortune magazine referred to her as the Heiress on Duty, while ranking her as the 21st most powerful woman in India.

She is working on conceptualizing a new Reliance mall, including how the company pitches the highly sensitive placement of rival luxury brands next to each other, according to Reuters.

In 2018, Isha married Anand Piramal, the son of a billionaire industrialist with interests in real estate and pharma.

Anant is Ambani's youngest son who is focused on the conglomerate's new energy business, a key area of investment for Ambanis.

Reliance is hoping to be at the forefront of Prime Minister Narendra Modi's ambition to ramp up green energy capacity.

Reliance plans to diversify into clean energy projects, including solar and green hydrogen.

Anant has addressed audiences at company events in the past, along with Akash and Isha. Anant graduated from Brown University in 2017.