Anil takes charge as Info chairman, forms new BoD

Anil Ambani, who took over as chairman of Reliance Infocomm, today reconstituted the board after Mukesh Ambani resigned as chairman along with five other directors. The details of the reconstituted board were not available immediately.

The five directors who resigned from the board are Anand Jain, Manoj Modi, Bharat Goenka, Y P Trivedi and M P Modi.

Anil had got Infocomm as part of ownership settlement of the Reliance empire between him and Mukesh.

Two directors - Y P Trivedi and M P Modi - were inducted to the board on December 27 last year at the height of the battle between Anil and Mukesh.

Anil, who met communication and IT minister Dayanidhi Maran last week, is expected to hold a review meeting with top executives during the day.

Anil, who created Anil Dhirubhai Ambani Enterprises as a distinct entity from the Mukesh-controlled Reliance, may also unveil a roadmap for Infocomm's future, and may give some indication about a possible public offering of the company.

With an employee strength of over 40,000 and revenue of over Rs 5,000 crore, Infocomm is still considered a money guzzler, and would require huge investments for its complete roll-out plants.