Mukesh Ambani outlines goals for GeNext in $207 billion empire

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31st December,2022

Billionaire Mukesh Ambani outlined his ambitions for various businesses under his flagship Reliance Industries that are now helmed by his three children, in a clear sign that leadership transition was firmly underway at India’s largest company by market value.

Under elder son Akash Ambani’s chairmanship, Reliance Jio Infocomm should aim to provide “unique digital products and solutions” after emerging as India’s largest wireless service operator that rolled out world’s fastest 5G network, the 65-year-old Ambani said. He was speaking at an internal Reliance event, according to the copy of a speech shared by the company on Thursday.

Reliance’s retail business run by Akash’s twin, Isha, has “grown rapidly” with the widest and deepest reach in India, he said. The retailer should now aim to expand further, providing more jobs and revenues for various partners along its supply chain, according to Ambani.

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