Akash Ambani takes charge at Reliance Jio

In the first big announcement of succession planning at Reliance Industries-the country's leading industrial house-30-year-old Akash Ambani was appointed the chairman of Reliance Jio on Tuesday as his father Mukesh Ambani (65 years) stepped down from the board of the telecom behemoth, passing on the baton to the family's next generation.

- Pankaj Doval

New Delhi: This is the first instance where one of Mukesh and wife Nita's three children-Akash, Isha (twins) and Anant (27 years) is assuming a leadership role in one of the group's key companies.

Akash and Isha are already on the board of the group's fastest-growing new-age units-Jio and Reliance Retail -while Anant (the youngest of the three) is on the board of Jio Platforms along with the other two children.

When it comes to the parent company, Reliance Industries, though, the three children are yet to join the board where only Mukesh and Nita represent the family.

Akash on telco's board since 2014, old-timer Pawar named Jio's MD

New Delhi: Even as industrialist Mukesh Ambani stepped down from the board of the telecom behemoth Reliance Jio, he continues to be the chairman of Jio Platforms and Reliance Retail Ventures, the companies that hold all the digital and retail assets of the group.