A big change in Reliance Jio – Mukesh Ambani resigns from Reliance Jio. In the information given to the market regulator SEBI (SEBI), Reliance Jio said that the board meeting was held on 27 June 2022. In the meeting, the board of Reliance Jio approved the appointment of Akash Ambani as the chairman of the board. Mukesh Ambani has resigned from the post of director of the company with effect from June 27.
Pankaj Mohan to be Managing Director
Pankaj Mohan Pawar will take over as the Managing Director of the company from June 27. Additional directors Raminder Singh Gujral and K.V. Choudhary will now take over as independent directors. These appointments will be valid only after the approval of the shareholders. According to the information given to SEBI, Mukesh D. Ambani has resigned from his position as the director of the company with effect from June 27, 2022. The appointment of Akash M Ambani as the Chairman of the company has been approved.
Akash Ambani’s Responsibility
Akash Ambani, the new chairman of Reliance Jio, has previously been a non-executive director in the company. Mukesh Ambani had said that “his children are taking on more responsibilities as a leader”. He said that “he can see the same potential in his children which his father Dhirubhai Ambani can contribute to the development of the country”. With big tech companies from around the world investing in Jio in 2020, Aakash also worked hard to bring global investment to India.
Akash Ambani has graduated in Economics from Brown University. Thereafter, he has contributed to the creation and distribution of services such as Reliance Group’s digital services and user retail offerings. Aakash is also keenly interested in developing new technologies and capabilities, including AI-ML and Blockchain.
Reliance Jio Infocomm Limited
Jio Platforms is a wholly-owned company of Reliance Industries Limited (RIL). The company was established in the year 2019. It is currently the largest mobile network operator in India and the third-largest mobile network operator in the world with over 42.62 million subscribers.
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