After son Akash, Mukesh Ambani’s daughter Isha to be retail unit chair

Updated on Jun 30, 2022 06:57 AM IST

Isha Ambani’s promotion follows that of her twin brother, Akash Ambani, who was appointed on Tuesday as chairman of the telecom unit, Reliance Jio Infocomm Ltd. Isha and Akash have both been part of teams that negotiated Meta Platforms Inc.’s investment in the group.

Reliance Industries’s chairman Mukesh Ambani's son and daughter Akash Ambani and Isha Ambani.(ANI Photo)
Reliance Industries’s chairman Mukesh Ambani's son and daughter Akash Ambani and Isha Ambani.(ANI Photo)
Bloomberg |

Isha Ambani is set to be named chairman of the Reliance conglomerate’s retail unit in another sign that her father, Indian billionaire Mukesh Ambani, is pushing ahead with a plan for succession in one of Asia’s richest families.

An announcement of Isha Ambani’s elevation could come soon, according to people with knowledge of the matter, who asked not to be identified ahead of a formal statement. She is currently director of Reliance Retail Ventures Ltd.

A representative for the group declined to comment.

Also read: Mukesh Ambani's Reliance eyeing cosmetics giant Revlon, shares jump

Isha Ambani’s promotion follows that of her twin brother, Akash Ambani, who was appointed on Tuesday as chairman of the telecom unit, Reliance Jio Infocomm Ltd. Isha and Akash have both been part of teams that negotiated Meta Platforms Inc.’s investment in the group.

Isha, 30, is an alumnus of Yale University. The twins have a younger brother, Anant, 27.

Also read: $1 bn divides Mukesh Ambani, Gautam Adani in race for 'India's richest': Report

Reliance Retail and Reliance Jio are subsidiaries of the family’s oil-to-telecom conglomerate, of which the $217 billion Reliance Industries Ltd. is the flagship firm. Mukesh Ambani is chairman and managing director of Reliance Industries.

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