Anant Ambani, the youngest son of the Ambani family, will start his job as Executive Director at Reliance Industries Limited (RIL) on May 1. The company’s Board of Directors confirmed his role last Friday, and it will last for five years. This change is part of the Ambani family’s plan to hand over leadership to the next generation at India’s biggest business company.
Until now, Anant was a Non-Executive Director, but now he will have executive duties and help manage RIL more actively. Anant has been working on projects related to energy and sustainability. Reliance aims to be carbon-neutral by 2035, and he will focus on developing clean fuels, recycling, and carbon capture technologies.
Anant is also a board member of several big Reliance companies. He joined the board of Jio Platforms in March 2020, Reliance Retail in May 2022, and recently Reliance New Energy.
On April 25, RIL announced a record annual revenue of ₹1,071,174 crore (around $125.3 billion), which is a 7.1% increase from last year. This growth came mainly from Reliance’s consumer businesses and oil-to-chemical division. RIL became the first Indian company to exceed a total equity value of over ₹10 lakh crore in the 2024–25 financial year. They also declared a dividend of ₹5.5 per share for the financial year ending March 2025.
Reliance’s earnings before interest, tax, depreciation, and amortization (EBITDA) increased by 2.9% to ₹183,422 crore (about $21.5 billion) due to strong performance in consumer businesses. Their annual profit after tax also grew by 2.9%, reaching ₹81,309 crore (around $9.5 billion). Mukesh Ambani mentioned that Reliance made important strides in renewable energy and battery projects in 2024–25, solidifying their position in key industries.
Anant Ambani’s New Role at Reliance and Record-Breaking Revenues!
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