“We should guide them, enable them, encourage them… and sit and applaud because they outperform us,” Ambani said.
Ambani, 64, took over as the chairman of RIL in 2002 after the death of his father. Their three children, Akash, Isha and Anant, are involved in RIL’s telecom, retail and energy businesses. While no one is on the board of RIL, they are directors in major branches of the company. “I have no doubt that Akash, Isha and Anant will lead as leaders of the next generation Reliance to even greater heights. I can see and feel his passion, commitment and dedication for Reliance every day. I see in him the same spark and potential that my father had to make a difference in the lives of millions and contribute to the development of India,” he said.
His statement comes ahead of SEBI’s April 2022 deadline to divest the chairman and managing director posts in listed companies. Whereas Self Chairman extends deadline for listed entities to comply with his new norms Ajay Tyagi On Tuesday, we have given enough time to the industry to share the post of chairman and managing director. I can only appeal to the industry to follow it.”
Ambani further said that the time has come to take advantage of this huge opportunity to lay the foundation for the future growth of RIL. RIL, which started as a textile company, has grown into a conglomerate with diverse business interests, whose products touch people’s lives every day.
“We have completely revamped our energy business. Now, Reliance is poised to become a global leader in clean and green energy and materials. This transformation of our oldest business will provide us with the biggest growth engine for Reliance,” he said.
In RIL’s annual shareholder meeting in June this year, Ambani The company had announced an investment of Rs 75,000 crore in clean energy over three years to move away from fossil fuels.
On retail and telecom (Jio) businesses, Ambani said, “In the last one year alone, we have added nearly one million small shopkeepers and created nearly one lakh new jobs. This growth engine will continue to create significant social value by providing unlimited opportunities for our partners and employees. Jio gained over 120 million subscribers and brought fiber to nearly 40 lakh homes and business establishments. He cautioned the employees against lowering their guard against the coronavirus. While normalcy is slowly returning, it is still clouded by uncertainty, Ambani, who is also India’s richest person, said.
“As we enter the second half of Reliance’s golden decade, I can tell you that the future of our company looks brighter to me than ever before. I can confidently make two predictions. First, India will become one of the top three economies of the world.Second, Reliance will become one of the strongest and most reputed Indian multinational companies in the world.
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