The energy giant of India has effectively and steady diversified in several different sectors over decades. The baton was passed by Dhirubhai Ambani to his sons Mukesh and Anil Ambani. Both the Ambani brothers successfully took the empire to admiring heights.
Now it is Reliance Industries Ltd, owned by Mukesh Ambani, has initiated the transfer of power. The board of RIL has appointed Mukesh Ambani’s Twins Isha and Akash Ambani as the directors of Reliance Jio Infocom and Reliance Retail Ventures Ltd on Saturday.
Even today the major revenues of Reliance are from the energy sector. Reliance operates the world’s biggest refinery complex, and is the third most valuable company in Indian. Now the company’s retail unit too has turned around after a long seven years of loss. This seems to be the best time to launch the next generation Ambani’s