Anil Ambani’s son Anmol inducted into RCap board

MUMBAI: Anmol Ambani, the 24-year-old eldest son of Reliance Group chairman Anil Dhirubhai Ambani, is joining

Reliance Capital

as

additional director

following a board meet on Tuesday. The appointment marks continuation of the third generation of the Ambani family in the divided Reliance business empire.

Earlier, Mukesh Ambani’s children Akash and Isha took up positions in the telecom and retail businesses. Anmol, who joined Reliance Capital in 2014, is expected to join the management of Reliance Capital as an executive director after shareholders’ approval. In the last two years, he has been actively involved in internal business reviews across subsidiaries of Reliance Capital. He has also been part of the negotiations with Nippon Life for increasing stake in Reliance Life Insurance and Reliance Capital Asset Management.

The induction to the board follows the recommendation by the nomination and compensation committee of the board of Reliance Capital, comprising mostly independent directors. “The last two years have given me great learnings about the financial services business. I look forward to using this experience for scaling up our businesses and contributing towards their growth and progress,” said Anmol.

Born and bought up in Mumbai, Anmol studied in Cathedral and John Connon School, till Std X (2007) and thereafter completed his schooling from Seven Oaks School, United Kingdom, in 2009. He interned with the equity research department of Reliance Mutual Fund (RMF) .

Reliance Capital ED & group CEO Sam Ghosh said, “We would like to welcome Anmol on the board of Reliance Capital. Anmol has been a fast learner, active participant in all reviews and displayed sharp business acumen in various decision-making processes.”