Meet the New Chairman of Reliance Jio, Akash Ambani Mukesh Ambani hands over the torch to his elder son

By Saptak Bardhan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Reliance Jio's Twitter account

Reliance Jio, the digital division of Reliance Industries, announced on Tuesday that Mukesh Ambani has stepped down as the director. Akash Ambani has been appointed as the non-executive director and new chairman of the board.

"The Board of Directors have at their meeting held on June 27, 2022, noted the resignation of Mukesh D. Ambani as director of the company effective from close of working hours on June 27, 2022; and approved the appointment of Akash Ambani, non-executive director as chairman of the board of directors of the company," said the Indian conglomerate in a BSE filing on Tuesday.

The resignation of Mukesh Ambani was effective from close of working hours on 27 June. Pankaj Mohan Pawar has been appointed as the managing director of the company according to the decision approved in a meeting of the board of directors of Jio held on June 27. The appointment commenced his term for five years as managing director. The board also approved the appointment of Raminder Singh Gujral and KV Chowdhary as independent directors for a period of five years.

Wavy Line
Saptak Bardhan

Former Trainee Writer

Former Trainee Writer

Related Topics

Growing a Business

A Teen Turned His Roblox Side Hustle Into a Multimillion-Dollar Company — Now He's Working With Karlie Kloss and Elton John

Rush Bogin, an 18-year-old fashion designer, learned firsthand how finding market gaps and listening to customer feedback can bring major success.

Growing a Business

6 Unconventional Growth Tactics to Generate Immediate Ecommerce Revenue

When you're short on making payroll, these tactics can help put immediate cash in your pocket.

Business News

After Being Told They Could Work From Home Forever, Employees Made Major Life Changes. Then, a New CEO Ordered Them Back to the Office.

Farmers Group CEO Raul Vargas is facing backlash for the change, but he says being in the office brings more "collaboration" and "innovation."

Leadership

5 Traits and Characteristics of Successful Entrepreneurs in 2023

Entrepreneurship has become the new trending topic in the business world. In 2023, the entrepreneurial world is expected to flourish more than ever, and it will take a certain set of skills to be a successful entrepreneur. This article highlights what it takes to be a successful entrepreneur in 2023.

Growing a Business

10 Growth Strategies Every Business Owner Should Know

Effective growth strategies are vital for businesses aiming to achieve sustainable growth and long-term success.

Fundraising

How I Raised $2 Million Without Knowing Any Venture Capitalists

Without having built a network of VCs, I successfully raised $2 million in six months by using the strategies I outline in this article.