Isha Ambani is expected to be made chairman of the Reliance
conglomerate’s retail unit, indicating that her father, billionaire Mukesh
Ambani, is moving ahead with a succession plan in one of Asia’s richest
families.

Isha Ambani’s appointment follows that of her twin brother,
Akash Ambani, who was named chairman of Reliance Jio Infocomm Ltd on Tuesday.
Mukesh Ambani resigned from the board of directors, the company stated in an
exchange statement, while staying chair of the holding company.

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The board also appointed Raminder Singh Gujrat and K V Chowdhary
as directors for a five-year term beginning June 27, and Pankaj Mohan Pawar as
Managing Director for the same time.

“In accordance with the circular dated June 20, 2018,
issued by the Stock Exchanges, we hereby confirm that Raminder Singh Gujral and
KV Chowdary are not debarred from holding the office of Director by virtue of
any Securities and Exchange Board of India order or any other such
authority,” stated Reliance Jio in an exchange filing.

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Akash’s appointment lifted the lid on the much-anticipated
succession plan of RIL, India’s most valuable corporation.

Who is Isha Ambani?

According to Bloomberg, the announcement of Isha Ambani’s
promotion might come as early as Wednesday. She is 30 years old and has studied
psychology at the prestigious Yale University. She then studied MBA at the
Stanford Graduate School of Business. She briefly worked as a business analyst
at McKinsey & Company before coming back from the US.

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Isha Ambani is married to Anand Piramal, the son of the
Piramal Group’s Ajay and Swati Piramal. She was ranked second on the ‘Youngest
Billionaire Heiresses’ list by Forbes in 2008 when she was 16 and had an
estimated net worth of Rs 471 crore. At the 2016 Lakme Fashion Week, she
launched the online fashion retailer, AJIO, a subsidiary of Reliance Retail
managed by her.

Also Read | 5 things you need to know about Akash Ambani, Reliance Jio chairman

Alongside Akash, Isha had been part of the teams that
negotiated with Meta when the Menlo Park, California-based company decided to
invest almost $6 billion in Jio Platforms.