Jai Anmol Ambani has been appointed as an executive director, grooming a prospective heir to his billionaire father at Reliance Anil Dhirubhai Ambani Group in India.
With many of the leading family business owners in India now in their 60's and beyond actions are turning to dealing with the challenges of succession, with the next generation stepping into roles with a view to becoming leaders in due course.
Succession and the engagement of the next generation are challenges the world over and, looking on the positive side, it is great to see some of the richest business owners in India begin on their journey to pass the baton.
As India’s richest men start to reach their 60s and beyond, succession questions about the next generation of tycoons are emerging in industries still dominated by family-run enterprises. Anmol’s cousins Isha and Akash, the 24-year-old twin brother-and-sister scions of India’s richest man, Mukesh Ambani, 59, are already members of the boards of India’s newest mobile carrier, Reliance Jio Infocomm Ltd., as well as Reliance Retail Ventures