Big move by Mukesh Ambani as Reliance acquires another company, Anant Ambani gets new responsibility as…, the company is…

In another big move, Reliance Industries Limited (RIL)– India’s most valued firm led by billionaire Mukesh Ambani, Asia’s richest man– has acquired another company for green hydrogen manufacturing, while Anant Ambani, Mukesh’s youngest son, has been appointed as the whole-time executive director of the oil-to-telecom conglomerate.

Anant Ambani appointed executive director at Reliance

Anant Ambani, the youngest child of Mukesh Ambani and Nita Ambani, has been appointed as the whole-time director of Reliance Industries for a period of five years, staring May 1, 2025, the company said in an exchange filing.

“The Board of Directors of the company at its meeting held today, on the recommendation of the human resources, nomination and remuneration committee, considered and appointed Anant M Ambani (DIN: 07945702), a non-executive director of the company, as whole-time director designated as executive director of the company, for a period of five years with effect from May 1, 2025, subject to the approval of the members of the company,” RIL’s exchange filing stated.

Anant Ambani works with several companies of the Reliance Group, and sits on the boards of Jio Platforms since March 2020, Reliance Retail Ventures since May 2022, and on  Reliance New Energy and Reliance New Solar Energy boards since June 2021. Anant is also serving as board member of Reliance Foundation since September 2022.

Notably, in August 2023, Mukesh Ambani had brought his three children– Isha Ambani, Akash Ambani, and Anant Ambani– as non-executive directors on the board of Reliance Industries. Anant Ambani is now the first among his siblings to be appointed as an executive director at Reliance.

Reliance acquires KGTL

Meanwhile, Mukesh Ambani-owned Reliance Industries announced that it has acquired a 100 percent equity stake of Kandla GHA Transmission Limited (KGTL) from PFC Consulting Limited, with an aim to push its green hydrogen production business.

As per the company’s exchange filing, the acquisition is as per the terms of the tender awarded to Reliance Industries for setting up turnkey construction of 765/400 kV GIS substation at Kandla, and upon completion, KGTL will become a wholly-owned subsidiary of the conglomerate.

The transaction is expected to be completed by the end of June 2025.

KGTL was incorporated in India on November 27, 2024 and has not yet started commercial operations. 

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