Jai Anmol Ambani joins father Anil’s Reliance Capital | business | Hindustan Times
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Jai Anmol Ambani joins father Anil’s Reliance Capital

business Updated: Aug 05, 2014 23:20 IST
Anupama Airy
Anupama Airy
Hindustan Times
Jai Anmol

Billionaire Anil Ambani’s elder son, Jai Anmol, has taken his first baby steps in the world of business. Sources close to the Anil Ambani-led Reliance Group said Jai Anmol, 22, joined group company Reliance Capital about a month ago.

He is being groomed for a larger role by two of Anil’s trusted aides, Amitabh Jhunjhunwala, group managing director of Anil-led Reliance Group, and vice-chairman of Reliance Capital, and Sam Ghosh, CEO of Reliance Capital.

“He is coming to office regularly. Like father Anil, Jai Anmol’s interest lies in finance. Accordingly he too is learning some of his first business lessons from Jhunjhunwala and Ghosh at the corporate office of Reliance Capital in Mumbai,” a company insider said.

Jai Anmol, 22, the elder son of Anil and Tina Ambani, has a degree from Warwick Business School in the UK. His younger brother, Jai Anshul, 19, is pursuing higher studies in the US and will join father Anil’s business empire later.

Jai Anmol is the third member of the Ambani gen next, after cousins Akash and Isha Ambani, to start working. Akash is employed with father Mukesh Ambani’s company, Reliance Industries Ltd (RIL), while his twin sister Isha is with McKinsey & Co in the US.

Sources close to the group companies said both Mukesh and Anil Ambani are grooming their children in the same manner that they were prepared by Dhirubhai Ambani. Mukesh and Anil joined Reliance when they were in their mid-20s, and helped their father set up the world’s largest petrochemical complex at Patalganga near Mumbai.

While the spokesperson for the Anil Ambani-led Reliance Group did not respond to queries by HT, those in the know said Jai Anmol will spend two or three years at Reliance Capital before taking on a larger role in the group’s businesses.

“He will be first trained at the corporate level in Reliance Capital under Sam Ghosh. After this initial stint, Jai Anmol will then move on to spend few months each with the respective heads of the verticals under Reliance Capital,” one source said.

Reliance Capital has various verticals dealing with mutual funds, life insurance, commercial finance, securities, general finance etc.

Jai Anmol was actively involved in crafting Reliance Power’s recent `12,000-crore buyout of Jaypee Associates’ hydel power projects, sources told HT.

Besides power and financial sector, Anil Ambani’s Reliance group’s other businesses includes media and entertainment, infrastructure and telecom sector.