Mukesh Ambani succession plan: Isha and Akash appointed directors of Reliance Jio & retail ventures

Ambani kids: Isha, Akash and Anant

New Delhi, Oct 11: Billionaire Mukesh Ambani’s twin scions Isha and Akash were appointed as directors on boards of Reliance Jio Infocomm Ltd and Reliance Retail Ventures Ltd, the company said in a statement on Saturday.

Ambani, the world’s richest energy billionaire, has three children – Isha, Akash and Anant. While Isha and Akash are twins, youngest sibling Anant is pursuing studies in US.

Isha, who graduated from the Yale University with majors in psychology and South Asian studies in 2013, worked with global consultancy firm McKinsey in US briefly.

Akash, who graduated from Brown University with major in Economics, had been working closely with Ambani family confidant Manoj Modi on RIL’s 4G telecom venture.

In signs of succession planning at India’s largest private firm, the two are joining around the same age as their father Mukesh, who was 24 years old when he joined RIL in 1981.

While the Ambani scions have been seen at company’s annual general meetings, Akash possibly made his first appearance on a company’s business deal when RIL in 2011 signed agreement in London to sell 30% stake in 23 oil and gas blocks including the producing KG-D6 fields to BP plc for $7.2 billion.

Isha first came under public limelight as a 16-year-old when Forbes ranked her number two in a list of the world’s youngest billionaire heiresses.

(With Agency Inputs)

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