Business Standard

How Mukesh Ambani will divide his business empire to avoid dad's folly

Ambani's first-born, Akash, 30, will succeed him as chairman at India's No.1 wireless carrier Reliance Jio Infocomm Ltd

Mukesh Ambani, Reliance Industries
Premium

Mukesh Ambani only began talking about the “momentous leadership transition” at an employees’ event in December last year.

Andy Mukherjee | Bloomberg
Around this time 13 years ago, billionaire Mukesh Ambani and his younger brother, Anil, were living in the same Mumbai house with their mother while they were busy fighting each other in Indian courts over their father’s empire. Dhirubhai Ambani had died in 2002 without leaving a will — and, thus, the seeds of a fraternal feud. 
 
As part of a 2005 family settlement, Mukesh had won control of deep-sea fields in the Bay of Bengal that had just started producing gas. But the agreement also required him to supply cheap feedstock at a fixed price for 17 years to

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 30 2022 | 6:36 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com