Mumbai: The baton of Reliance Jio Infocomm has been passed next generation in Ambani family. Akash Ambani has taken over as the new chairman of the Company. His father Mukesh Ambani has made the way for him.
The Reliance Jio Infocomm board of directors has noted the resignation of elder Mukesh Ambani .
Mukesh, hiwever, will continue as the chairman of the flagship company Jio Platforms Ltd, that owns all Jio digital services brands including Reliance Jio Infocomm.
The Board of Directors of Jio Infocomm has approved the appointment of Pankaj Mohan Pawar as managing director of the Company for a period of five (5) years commencing from June 27, 2022, subject to approval of the shareholders; and Raminder Singh Gujral and K.V. Chowdary as Independent Directors for a period of 5 years.
Akash has been closely involved with the disruptive and inclusive growth path charted by the digital services and consumer retail propositions of Reliance group and is now leading the creation of the ‘convergence dividend’ for over 500 million consumers, digitally and with high-inclusivity across geographies and income levels.
Akash’s elevation as chairman of Reliance Jio Infocomm recognises the specific contributions made by him to the digital services journey and rededicates him to even higher levels of responsibilities, going forward.
Akash has been closely involved with the creation of the digital ecosystem around Jio’s 4G proposition. He was closely involved with a team of engineers in inventing and launching an India-specs focussed Jiophone in 2017 which became quite a revolutionary device to take many people out of 2G to 4G.
He personally led the key acquisitions made by Jio in the digital space in the last few years and has also been keenly involved with development of new technologies and capabilities including AI-ML and blockchain.
Akash was integrally involved in the trailblazing global investments by tech majors and investors in 2020, which in many ways catapulted Jio onto the global investor map.
Akash is expected to continue to operate on the cutting-edges of innovation and technology to encourage an ecosystem that will further digital solutioning and make the power of data and technology more accessible to all, including those who are still at the margin.
A graduate from Brown University with a major in Economics, Akash will continue Jio’s efforts to build India into a highly inclusive, digital society.