Mukesh Ambani’s children became non-executive directors, Nita Ambani resigned from the board

Isha, Akash and Anant Ambani have become non-executive directors of Reliance Industries Limited (RIL). After the approval of the shareholders, the board of directors of RIL on Monday i.e. 28 August appointed the three children of Mukesh Ambani as non-executive directors.

Along with this, the board has also accepted the resignation of Nita Ambani. The company said that Nita Ambani will continue in the role of Founder Chairperson of Reliance Foundation. As the chairperson of Reliance Foundation, Nita Ambani will continue to attend RIL board meetings. According to reports, Nita Ambani has resigned from the company’s board to devote more time to Reliance Foundation.

All three inherited the founder’s mindset

Earlier last year at the 45th AGM of RIL, Mukesh Ambani had said that Akash and Isha have played leadership roles in Jio and Retail. He has been involved in Reliance’s consumer business since inception. He had said that Anant has also joined the new energy business and is spending most of his time in Jamnagar. Ambani had said, ‘All three have completely inherited the mindset of our founder. They are mentored on a daily basis by our senior leaders. The mentor also includes me and the board of directors.

Reliance created 2.6 lakh jobs last year

In the 46th Annual General Meeting of Reliance, Mukesh Ambani told that last year all our companies created new records by creating 2.6 lakh jobs. The total strength of our on-roll employees is around 3.9 lakhs. It is expected that Ambani can make big announcements related to the recently listed company Jio Financial Services in this meeting.

Reliance’s net profit stood at ₹16,011 crore in the first quarter

Reliance had declared the results of Q1FY24 i.e. April-June quarter on 21 July. The net profit of the company stood at Rs 16,011 crore. 17,955 crore in the same quarter last year. That is, the profit of the company declined by 11%. The net profit of the company was Rs 19,299 crore in the previous quarter i.e. Q4FY23. Reliance Industries also announced a dividend of Rs 9 per share for its investors.