Akash Ambani, the eldest son of Indian tycoon Mukesh Ambani, has been appointed chairman of Reliance’s Jio Platforms digital empire in what analysts see as a leadership transition at one of the largest families. Asia’s richest family.
Reliance Industries said in an exchange filing that Mukesh Ambani has stepped down as his director at Jio Platforms, India’s largest telecom network with over 420 million subscribers. Jio Platforms has raised around $20 billion in 2020 from multiple investors including Google and Meta.
The transition has been going on for several years. Akash gave numerous product keynotes at the company’s recent annual meetings, slowly becoming the face of the group’s digital empire.
He is also involved in some of Jio Platforms’ strategies, including recent mergers and acquisitions moves, Mukesh Ambani said last year.