Mukesh Ambani’s grand succession plan for Reliance: Here is who gets which chunk of RIL’s business empire

Billionaire Mukesh Ambani on Monday laid bare the succession plan at India’s most valuable company, identifying twins Akash and Isha for telecom and retail leadership, and youngest son Anant for the new energy unit. He, however, insisted he isn’t retiring yet and will “continue to provide hands-on leadership as before”. At the annual shareholders’ meeting of Reliance Industries Ltd, he said the robust architecture that he has announced will ensure the firm remains “a unit, well-integrated and secure institution even as it develops existing businesses and adds new growth engines.” Reliance has three broad businesses — oil refining and petrochemicals, retail, and digital services that include telecom. Retail and digital services are housed in separate wholly-owned subsidiaries – Jio Platforms and Reliance Retail Ventures Ltd (RRVL).