Isha Ambani has been named chairman of the Reliance conglomerate’s retail unit in another sign that her father, Mukesh Ambani, is pushing ahead with a plan for succession in one of Asia’s richest families. Isha Ambani’s promotion follows that of her twin brother, Akash Ambani, who was appointed on Tuesday as Chairman of Reliance Jio Infocomm.
Isha and Akash have both been part of teams that negotiated Meta Platforms Inc.’s investment in the group. Isha, 30, is an alumnus of Yale University. The twins have a younger brother, Anant, 27.
Reliance Retail and Reliance Jio are subsidiaries of the family’s oil-to-telecom conglomerate, of which the $217 billion Reliance Industries Ltd is the flagship firm. Mukesh Ambani is Chairman and Managing Director of Reliance Industries.
Isha, 30, is an alumnus of Yale University where she studied psychology. She then studied MBA at the Stanford Graduate School of Business. Isha Ambani had also worked at McKinsey & Company in the US.
Isha first shot into the limelight when she was ranked number 2 on a list of the world’s youngest billionaires heiresses at the age of 16.
She currently looks after strategy development and implementation for all marketing teams, including digital, advertising, communications, and creative for Reliance Retail Ventures Limited.
Isha has been credited for the launch of the fashion portal Ajio in 2016.
According to an old statement by father Mukesh Ambani, Isha was the inspiration behind the launch of Jio. She helped Akash Ambani with branding and consumer-related decisions. Isha got married to Anand Piramal in a star-studded and extravagant ceremony in December 2018.
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