Meet two men reviving Anil Ambani’s bankrupt Reliance empire, clearing debts, making new deals, they are Jai Anshul Ambani and…

Anil Ambani, the younger brother of Asia’s richest man, Mukesh Ambani, has not tasted the same level of success as his ‘more successful’ older sibling. Several businesses of Anil Ambani-led Reliance Group have either been shut, sold, or languishing under a mountain of debt, but the embattled businessman’s fortune has begun to turn around, and the two men piloting this revival are his sons — Jai Anmol Ambani and Jai Anshul Ambani.

Anil Ambani’s sons driving revival of Reliance Group

Over the past few years, Jai Anmol Ambani, and his younger brother, Jai Anshul Ambani, have been actively involved in running their father’s business, and taken up leadership roles within the indebted Reliance Group. The two brothers have helped the Anil Ambani-led Reliance Group to secure new deals, and cut down the gargantuan debt faced by many of the group’s companies.

Anil’s elder son, Jai Anmol Ambani, attempted a revival of Reliance Capital, but despite his best efforts, could not save the debt-ridden firm from going bust and being taken over Hinduja Group’s IndusInd International Holdings Ltd (IIHL).

On the other hand, Jai Anshul Ambani, the younger son of Anil Ambani, assisting the Reliance Group in two new ventures, Reliance Nippon Life Insurance, and Reliance Capital Asset Management.

While Anshul is still learning the ropes, and steadily becoming more active in the business, his older sibling, Jai Anmol Ambani, who stepped in the business at the age of 18, is emerging as a veteran businessman, shows all signs of being ready to step in his father’s shoes and manage, and revive the debt-ridden business empire.

Jai Anmol and Jai Anshul determined to revive Reliance Group

In 2014, Jai Anmol joined Reliance Mutual Fund, and three years later, took charge as the Executive Director of Reliance Capital in 2017. Over the years, Anil Ambani’s elder child has taken on larger responsibilities in the Reliance Group and is credited with playing a pivotal role in raising the stake of the Japanese firm Nippon in Reliance Nippon Life Asset Management, which significantly boosted the company’s valuation.

Jai Anmol Ambani is 33, while Jai Anshul Ambani is 28 years of age, and the brothers seem determined to revive their father’s once-thriving business and bring back the Reliance Group to its former glory despite the odds stacked against them.

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