Mukesh Ambani and his daughter Isha Ambani
The country’s most valuable company Reliance Industries has handed over another big responsibility to Isha Ambani, daughter of company chairman Mukesh Ambani. After making Reliance Retail the country’s largest retail company, Isha Ambani has been selected by Reliance Group for the newly listed company Jio Financial Services. This is a non-banking finance sector company, hence the Reserve Bank of India has also given the green signal to their appointment.
Isha Ambani has been appointed director of Jio Financial Services. Along with this, Anshuman Thakur and Hitesh Kumar Setia have also been included as directors of Jio Financial Services. The Reserve Bank of India has also given its approval to the appointment of all three.
Isha’s stature grew in Reliance
Isha Ambani has been made the new director of Jio Financial Services. She leads the entire retail business of Reliance Industries. Not only this, he has also made Reliance Brands Limited, a unit of Reliance Retail, a successful company. This company has made deals with many local and international brands for Reliance and has also acquired many. Some time ago, he has also been included in the board of Reliance Industries along with his two brothers Akash and Anant Ambani. With this new responsibility, Isha Ambani’s stature in Reliance Group has now become much bigger.
See also: No relief even after Subrata Roy’s death, case will continue on Sahara
The board of Jio Financial Services approved the appointment of Isha Ambani, Anshuman Thakur and Hitesh Kumar Setia on November 15 itself. The Reserve Bank of India also approved the appointment of all three on Thursday. Being a finance sector company, it comes under the regulatory purview of RBI.
Isha will have to handle this responsibility
As soon as she becomes the director of Jio Financial Services, Isha will play an important role in important decisions of the company. The net worth of Jio Financial Services is Rs 1.2 lakh crore. This is the first financial company in the world which has come into the market with the highest capital in its beginning itself. This company has been separated from Reliance Industries and listed in the stock market this year. This will be the NBFC unit of Reliance Group.
The company said in its first financial results for the July-September quarter that its profit has doubled during this period compared to the previous quarter. Jio Financial Services has made a consolidated net profit of Rs 668.18 crore in the July-September quarter. It was Rs 331.92 crore in the April-June quarter.
: Language Inputs