Mukesh takes charge

As expected, Mukesh Ambani has officially taken over as the chief of the Rs 65,000 crore Reliance group, the largest private sector business empire in the country.

Mukesh, 45, was elected chairman and managing director of group8217;s flag ship Reliance Industries Limited RIL while younger brother Anil Ambani, 43, was elected vice-chairman and MD at the company8217;s board meeting held here on Wednesday.

Both the elections were unanimous in the first board meeting of the company after group patriarch Dhirubhai Ambani8217;s demise on July 6, this year.

Mukesh was earlier vice-chairman and MD while Anil was MD of Reliance Industries. Anil proposed the name of Mukesh as chairman and the latter in turned proposed Anil8217;s name as vice-chairman which was passed unanimously. All the 11 directors were present at the meeting.