Mumbai: In his first statement about the planned succession, Chairman of Ril Mukesh Ambani on Tuesday said the younger generation is now ready to take the role of leadership.
Speaking on the company’s family day function, which marked the founder of the Dhirubhai Ahami group, he stressed that he wanted the process to be accelerated.
“We have to guide them, activate it, encourage them …
and sit and applaud when they perform better than us,” Ambani said.
Ambani, 64, took over as Chair of the RIL after his father’s death in 2002.
Three children, Akash, Isha and Anant, were involved in the telecommunications business, retail and energy of RIL.
Even though it’s not in the RIL board, they are directors in the company’s key arm.
“I have no doubt that Akash, Isha and Anant, as the next generation leader, will rely on dependence on greater heights.
I can see and feel their desires, commitments, and devotion to the cause of dependence every day.
I see in the same spark And the potential of my father has to make a difference for millions of lives and contribute to India’s growth, “he said.
His statement came before the April 2022 sebi time limit to divide the position of chairman and implementing director in the company registered.
While SBI has extended the timeline for the registered entities to comply with new norms, Chairman Ajay Tyagi said on Tuesday, “We have given enough time for the industry to split the position of chairman and executive director.
I can only appeal to the industry to follow it.” Next Ambani said time had come to lay the foundation for the growth of RIL in the future by seizing humongous opportunities.
RIL, which began as a textile company, has metamorphosis into a conglomerate with various business interests whose products touch people’s lives every day.
“We have fully engineered our energy business.
Now, Reliance is ready to become a global leader in clean and green energy and ingredients.
Our oldest business transformation will give us the biggest growth machine for dependence,” he said.
At the annual RILL shareholders meeting in June this year, Ambani announced an investment of Rs 75,000 Crore in clean energy for three years when the company moved away from fossil fuels.
In the retail and telecommunications business (Jio), Ambani said, “In the last year alone, we have onboard almost a million small shopkeepers and create almost one new job opportunity lakh.
This growth machine will continue to create significant social values by providing opportunities Unlimited for our partners and employees.
Jio gained more than 120 million customers and brought fiber to nearly four million homes and commercial companies.
“He warned employees against lowering their guards against Coronavirus.
While normalcy slowly returned, it was still termed by uncertainty, Ambani, as well as an Indian richest man, said.
“When we enter the second half of the Gold Reliance decade, I can tell you that our company’s future looks brighter to me than before.
I can confidently make two predictions.
First, India will be one of the top three economies in the world.
Second, reliance will be one of the most popular and most famous Indian multinational companies in the world.
“
Mukesh Ambani spoke succession for the first time as head of RIL
