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Fortune journal has included Ambani scions and Jio board administrators Akash and Isha within the “40 under 40” record of probably the most influential younger leaders for the 12 months below the know-how part.
“They say data is the new oil–and when it comes to Reliance Industries, India’s largest company, that’s literally the case. The 47-year-old conglomerate amassed a fortune in petrochemicals before dominating India’s mobile connectivity market with Jio, a low-cost wireless carrier it debuted in 2016. Akash and Isha Ambani are the twin children of Reliance’s chairman and managing director, Mukesh Ambani, who happens, not coincidentally, to be India and Asia’s richest man,” Fortune journal mentioned in an article.
The US-based publication mentioned that after Isha and Akash Ambani joined the Jio board, the valuation of the enterprise rose to USD 65 billion.
“Reliance is a family business. Akash joined the company in 2014 after receiving an economics degree from Brown University. Isha joined a year later, following stints at Yale, Stanford, and McKinsey. As Jio board members, they helped seal the company’s recent megadeal with Facebook–USD 5.7 billion for a 9.99 per cent stake–plus major follow-on investments from marquee tech titans like Google, Qualcomm, and Intel. The flurry of investments lent the business an eye-popping USD 65 billion private valuation,” it mentioned.
“Recently, Akash and Isha helped launch Jio Mart, a venture that aims to challenge Amazon and Walmart’s Flipkart for command of India”s massive and fast-growing online shopping market,” Fortune journal added.
The siblings together with their youthful brother, Anant, 25, are coaching to tackle their father’s empire.
(Except for the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)
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