Signalling a succession planning at the Anil Ambani group, Jai Anmol, elder son of Anil Ambani, has joined the board of Reliance Capital as an additional director after two years of training.
The board of directors of Reliance Capital on Tuesday approved the induction of Anmol on its board as an Additional Director, the company said in a statement. Anmol, 24, has been working in various financial services businesses within Reliance Capital since 2014.
Besides chairman Anil Ambani, Anmol is the only other family member to have joined the board of the financial services arm of Reliance Group.
Anmol will become the full-time executive director at the annual general meeting next month. He has been involved in internal business reviews across companies and has been part of interactions with Nippon Life to increase stake in Reliance Life Insurance and Reliance Capital Asset Management in the last two years.
Anmol, who has a degree from Warwick Business School in the UK, has also been visiting branches and meeting employees across businesses in different regions to get exposure and detailed understanding of businesses at grass-root level in last two years.
Anil’s elder brother Mukesh Ambani’s twin scions Isha and Akash were appointed as directors on the boards of Reliance Jio Infocomm Ltd and Reliance Retail Ventures Ltd in October 2014.