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Mukesh Ambani succession plan: The new generation taking over from Asia’s richest man

For months, the world has been captivated by the last season of Succession, the Emmy-winning TV drama on the lives of the corporate elite.

But in India, a real-life succession plan, involving a fortune of billions of dollars, is making news.

The three children of Mukesh Ambani, Asia’s richest man and head of Reliance Industries, have now taken seats on the board of his expansive $220bn (£173bn) retail-to-refining conglomerate.

Twins Isha and Akash, 31, and Anant, 28, will join the board following shareholder approval. “The combination of the experience of senior leaders and the ambition of new leaders will script newer and more exciting chapters in Reliance’s every growing book of achievements,” Mukesh Ambani said in a statement on Monday.

This transition signifies the company’s entry into its third generation of family leadership in what is perhaps corporate India’s most anticipated succession plan.

Sourcebbc.com
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