Ambani Sets Goals for Children as They Step Up at Reliance Units
- Credits his three children for rapid progress at Reliance
- Succession transition is firmly underway at the conglomerate
Mukesh Ambani, right, with his son Akash Ambani, in New Delhi, India, on Oct. 1.
Photographer: Prakash Singh/BloombergThis article is for subscribers only.
Billionaire Mukesh Ambani outlined his ambitions for various businesses under his flagship Reliance Industries Ltd. that are now helmed by his three children, in a clear sign that leadership transition was firmly underway at India’s largest company by market value.
Under elder son Akash Ambani’s chairmanship, Reliance Jio Infocomm Ltd. should aim to provide “unique digital products and solutions” after emerging as India’s largest wireless-service operator that rolled out world’s fastest 5G network, the 65-year-old Ambani said. He was speaking at an internal Reliance event, according to the copy of a speech shared by the company on Thursday.