NEW DELHI: Reliance Chairman Mukesh Ambani said he has been teaching his children on a daily basis as they start to take the reins at the company during a speech at the annual general meeting of India’s leading telecom company, Reliance.
Ambani’s corporate empire, with a market worth of $220 billion, includes businesses in telecom, retail, oil and gas, and new energy.With Akash and Isha gaining senior roles in Jio digital and retail, respectively, and Anant joining the new energy sector, he said that he was one of the people coaching his children as they started to take the reins at the company.
The telecom division of Reliance nominated Akash, 30, chairman of the board in June.The telecom division of Reliance nominated Akash, 30, chairman of the board in June.Ambani senior also said he would give an update on Reliance’s digital and retail businesses’ IPO aspirations in 2019. These businesses raised over $22 billion from international investors like KKR & Co Inc and Silver Lake in 2020.
A grocery shopping app from Reliance, will soon be integrated with investor-partner Meta Platform Inc.’s WhatsApp, enabling customers to make purchases using the messaging service.Isha Ambani stated separately that Reliance will open a new consumer products company this year without providing any other information.
