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.