New Delhi, June 19
Billionaire Mukesh Ambani has said the transfer of day-to-day management responsibilities at Reliance Industries to his three children is “almost complete”, signalling that the succession process at India’s largest and most valuable company is entering its final stage. Speaking at the company’s annual general meeting on Friday, the Reliance chairman praised his children — Akash, Isha and Anant Ambani — for taking leadership roles across the conglomerate’s key businesses and preparing the group for its next phase of growth.
“The future of your company is not only in safe hands, but in hands that will take Reliance to far greater heights,” Ambani told shareholders.
The three siblings, all members of Reliance’s board, presented updates on the businesses they oversee. Akash Ambani outlined plans for telecom, digital services and media, while Isha Ambani detailed the company’s retail strategy. Anant Ambani spoke about Reliance’s traditional energy operations as well as its growing investments in renewable energy.
The succession of leadership at Reliance has been closely watched by investors and industry observers for years. Mukesh Ambani took control of the business after the death of founder Dhirubhai Ambani in 2002, a period that was followed by a high-profile dispute with his younger brother over the family empire.
Today, Reliance is no longer just an oil and petrochemicals giant. It has expanded into telecommunications, retail, digital services and clean energy, with billions of dollars invested in future-focused sectors.
Reflecting on his children’s roles, Ambani said Isha leads the group’s consumer businesses, Akash heads its technology ventures and Anant oversees energy operations.
“They are three bodies, one soul. Their soul is Reliance,” he said.
The billionaire businessman, who remains chairman and managing director of Reliance Industries, said he continues to play an active role in the company while also mentoring the next generation of leaders. He revealed that around 500 young executives have been groomed to support the group’s future leadership team.
The meeting also offered a glimpse into the family dynamic behind one of India’s biggest business empires. Ambani repeatedly praised each of his children after their presentations, applauding their commitment and vision for the company’s future.
While the succession process appears to be nearing completion, Ambani did not indicate when he plans to step down completely. He remains at the helm of Reliance and is set to continue as chairman and managing director until at least 2028 under his current term.
For shareholders, however, Friday’s meeting reinforced a message that Reliance’s next chapter is already being shaped by a new generation of Ambanis.
