Anil Ambani today praised his son Anmol Ambani for bringing about a “cultural change” in his business group, and said the 26-year-old has been added to the director boards of two more of his group companies.
Anmol Ambani will join the director boards of Reliance Nippon Life Asset Management and Reliance Home Finance.
It was in August 2016 that Anmol Ambani, the eldest son of Anil Ambani, first joined as an Executive Director on the board of Reliance Capital, the holding company of the Group’s financial services businesses.
“Since joining the Reliance Capital board,” said Anil Ambani, “Anmol has played an active role in steering the strategy and performance of the operating companies working closely with their respective CEOs, and in bringing about greater cohesion among group entities.”
In the last 20 months, the Reliance Capital Group has hired four new CEOs for the operating companies, created a new Group Chief Operating Officer position, and appointed five new group function heads.
“Anmol has effected significant changes to the senior leadership team in the group companies, attracting a string of top talent from reputed companies,” he added.
“This positions us better for future growth, has helped bring in fresh thinking and augurs well for the culture change Anmol is driving across the group.”
Anil Ambani is a second-generation entrepreneur, and controls part of the business empire built up by his father Dhirajlal Hirachand Ambani, who rose from a petrol attendant to be the most powerful businessman in India.
Anmol’s cousins, Isha and Akash Ambani, are also making their presence in the business world with their hands-on involvement in the running of Reliance Jio, India’s largest telecom company by volumes.