The Future of Reliance: A New Era of Growth or a Decline?
Created on 09 Sep 2023
Wraps up in 10 Min
Read by 252 people
Updated on 13 Sep 2023
Chairman and MD of Reliance Industries Ltd., Mukesh Ambani, inaugurated the group’s Annual General Meeting (AGM) on August 28th, 2023. It was the 46th AGM of the group, and it held additional importance in the history of Reliance due to multiple developments. One significant change was the addition of three new members to the board of RIL: Isha, Akash, and Anant Ambani.
Mukesh and Nita Ambani’s daughter and sons were welcomed as they contributed to raising the Ambani family’s control in the group. Now, 6 Ambanis & relatives are gracing the Reliance Group’s board with their presence. All have an equal holding of 0.12%, apart from Founder Dhirubhai Ambani’s wife Kokilaben, who holds 0.24% in the group. Alongside this, 66-year-old Mukesh Ambani recently received a special 5-year term extension for his position in the group.
Reliance is India's most valuable and well-known company, with a market capitalisation of ₹16.57 trillion. The company, with varied businesses in different market sectors, including retail, energy, beauty, telecom, and more, has multiple plans in motion for world domination. In Mukesh Ambani's words,
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