Jun 29, 2022 07:00 am
In a significant succession in the Reliance Industries (RIL) empire, Akash M. Ambani, Non-executive Director and son of Mukesh Ambani, has taken over as the Chairman of the board of directors of Reliance Jio Infocomm Ltd, the digital and telecom arm of RIL.
The elevation of Akash follows the resignation of Mukesh Ambani as Director of the company with effect from June 27.
However, Mukesh Ambani will continue to be the Chairman of Jio Platforms Ltd, the flagship company that owns all Jio digital services brands including Reliance Jio Infocomm.
Akash has been closely involved with the disruptive and inclusive growth path charted by the digital services and consumer retail propositions of Reliance group and is now leading thea creation of the ‘convergence dividend’ for over 500 million consumers, digitally and with high-inclusivity across geographies and income levels. Reliance Jio Infocomm, India’s largest 4G and mobile broadband digital service provider, is a subsidiary of Jio Platforms.
Akash was integrally involved in the global investments by tech majors and investors in 2020, which in many ways catapulted Jio onto the global investor map. He is expected to continue to operate on the cutting-edges of innovation and technology to encourage an ecosystem that will further digital solutioning and make the power of data and technology more accessible to all, including those who are still at the margin.
According to RIL officials, Akash personally led the key acquisitions made by Jio in the digital space in the last few years and has also been keenly involved with development of new technologies and capabilities including AI-ML and blockchain.
Meanwhile, Reliance Jio board also approved the appointment of Pankaj Mohan Pawar as Managing Director of the company for a period of five years commencing from June 27. It also approved the appointment of Raminder Singh Gujral and K.V. Chowdary, as Additional Directors of the company, designated as Independent Directors for a period of 5 years.