Mukesh Ambani Reveals Succession Plan With Elevation Of Isha And Anant

He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before".

Billionaire industrialist and Reliance Industries chief Mukesh Ambani today identified his youngest son Anant Ambani as leader of his new energy business and daughter Isha Ambani as leader of the group's retail business at the annual shareholders' meeting of his conglomerate.

This sets off Mukesh Ambani's succession plan that he spoke of last year. Akash Ambani was in June appointment as Chairman of the telecom unit, Reliance Jio Infocomm, and is the only functional head of a company. The other two are on boards.

He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before".

"Akash and Isha have assumed leadership roles in Jio and Retail, respectively. They have been passionately involved in our consumer businesses since inception," he said. "Anant has also joined our new energy business with great zeal. In fact, he is spending most of his time in Jamnagar."