The Board of Directors of Reliance Industries Ltd ( RIL) on Friday appointed Anant M. Ambani as Executive Director of the company for a five-year term beginning May 1, 2025.
This move comes as part of Ambanis' succession planning at India’s largest conglomerate.
Anant Ambani, currently serving as a Non-Executive Director, will now take on executive responsibilities as part of the leadership team at RIL, subject to approval by the company’s shareholders.
The youngest Ambani sibling has been involved in the group's energy, sustainability, where Reliance aims to become a net-zero carbon company by 2035. This includes scaling up production of clean fuels and materials, developing advanced carbon capture technologies, promoting circular materials, and enhancing crude-to-chemicals conversion.
He has served on the Board of Jio Platforms Limited since March 2020, Reliance Retail Ventures Limited since May 2022, and both Reliance New Energy Limited and Reliance New Solar Energy Limited since June 2021. A graduate of Brown University, Anant has also been on the board of Reliance Foundation, the group's philanthropic arm, since September 2022.
Among the Ambani siblings, Anant is the first to be appointed as an Executive Director at Reliance Industries.
Akash Ambani has already been chairman of Reliance's telecom unit, Jio Infocomm, since 2022. Meanwhile, his twin sister, Isha Ambani Piramal, has been leading Reliance's retail business.
In 2023, during the appointment of Anant Ambani to Reliance Industries' board, domestic advisory firm Institutional Investor Advisory Services (IiAS) had advised shareholders to vote against the move, citing his age, 28, as not aligning with its internal voting guidelines. This was despite the confidence from Reliance board in Anant Ambani’s leadership.
Similarly, US-based Institutional Shareholder Services (ISS) had, too, raised concerns over his limited board and leadership experience, spanning only six years, according to a report by Bloomberg.
( Originally published on Apr 25, 2025 )
This move comes as part of Ambanis' succession planning at India’s largest conglomerate.
Anant Ambani, currently serving as a Non-Executive Director, will now take on executive responsibilities as part of the leadership team at RIL, subject to approval by the company’s shareholders.
The youngest Ambani sibling has been involved in the group's energy, sustainability, where Reliance aims to become a net-zero carbon company by 2035. This includes scaling up production of clean fuels and materials, developing advanced carbon capture technologies, promoting circular materials, and enhancing crude-to-chemicals conversion.
He has served on the Board of Jio Platforms Limited since March 2020, Reliance Retail Ventures Limited since May 2022, and both Reliance New Energy Limited and Reliance New Solar Energy Limited since June 2021. A graduate of Brown University, Anant has also been on the board of Reliance Foundation, the group's philanthropic arm, since September 2022.
Among the Ambani siblings, Anant is the first to be appointed as an Executive Director at Reliance Industries.
Akash Ambani has already been chairman of Reliance's telecom unit, Jio Infocomm, since 2022. Meanwhile, his twin sister, Isha Ambani Piramal, has been leading Reliance's retail business.
In 2023, during the appointment of Anant Ambani to Reliance Industries' board, domestic advisory firm Institutional Investor Advisory Services (IiAS) had advised shareholders to vote against the move, citing his age, 28, as not aligning with its internal voting guidelines. This was despite the confidence from Reliance board in Anant Ambani’s leadership.
Similarly, US-based Institutional Shareholder Services (ISS) had, too, raised concerns over his limited board and leadership experience, spanning only six years, according to a report by Bloomberg.
( Originally published on Apr 25, 2025 )
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