Akash Ambani graduated from Brown University with a major in Economics.
Akash Ambani, Mukesh Ambanis eldest son, will succeed him as Chairman of Jio, the telecom unit of Reliance, in what is widely seen as the launch of a succession plan in Indias wealthiest family.10 Facts About The New Chairman Of Reliance Jio
Akash Ambani, a non-executive director at Reliance Jio, was appointed as chairman of the board of directors. Mukesh Ambani, 65, resigned from the board of Reliance Jio yesterday, the company said in an exchange filing.
Akash Ambani graduated from Brown University with a major in Economics.
He has been "closely involved with the growth path charted by the digital services and consumer retail propositions of Reliance group" and is now leading the creation of the "convergence dividend" for over 500 million consumers. According to the company, Akash's elevation as Chairman of Reliance Jio Infocomm recognises the specific contributions made by him to the digital services journey and "rededicates him to even higher levels of responsibilities, going forward".
Akash Ambani, 30, has been closely involved with the creation of the digital ecosystem around Jio's 4G. He was involved with a team of engineers in inventing and launching an India-specs focused Jiophone in 2017, said the company. He personally led the key acquisitions made by Jio in the last few years and has also been keenly involved with development of new technologies and capabilities including AI-ML and blockchain.
Akash Ambani married Shloka Mehta in 2020 and they have a son, Prithvi.
Today's announcement signals the start of the transfer of wealth by Mukesh Ambani, who was caught in a bitter inheritance dispute with his younger brother Anil Ambani after their father died in 2002 without a will.
Akash Ambani is the oldest of Mukesh and Nita Ambani's three children. He has a twin, Isha Ambani, and a younger brother, Anant Ambani.
Mukesh Ambani is widely tipped to hand over charge of the retail business to Isha, who is married to Anand Piramal, the son of Piramal Group's Ajay and Swati Piramal.
Akash and Isha have been on the boards of Reliance Retail Ventures - the company that operates supermarkets offering consumer electronics, food and grocery, fashion, jewellery, footwear, and clothing, besides the online retail venture JioMart and digital arm Jio Platforms -- since 2014.
Anant Ambani, 26, has recently been inducted as a director on RRVL (Reliance Retail Ventures Limited). He has been a director on Jio Platforms Ltd since 2020
