The wealthiest Indian, Mukesh Ambani, mentioned on Tuesday about the leadership transition of his energy retail conglomerate, saying he hopes the elderly, including him, will speed up the process and make concessions to the younger generation.

The 64-year-old Ambani has not mentioned the succession plan of the country’s most valuable company before. He said that Reliance is “in the process of achieving a major leadership transition.”

Ambani has three children-the twins Akash and Isha, and Anant.

On the Reliance Family Day to commemorate the birthday of Dhirubhai Ambani, the founder of the group, he said that Reliance Industry Co., Ltd. will become the most powerful and well-known in the world in the next few years. One of the Indian multinational companies. And the green energy sector, as well as retail and telecommunications businesses have reached unprecedented heights.

“Achieving lofty dreams and seemingly impossible goals is all about finding the right people and the right leaders. Reliance is now making an important leadership transition…from the predecessors of my generation to the younger generation of the next generation. Leader,” he said.

And this process, he wants to be “accelerated.”

News18.com, a news outlet owned by Ambani, reported the speech.
The company did not immediately respond to an email requesting comment on Ambani’s remarks about his succession.

Ambani said: “All predecessors-including myself-should now succumb to Reliance’s highly capable, extremely loyal and very promising young leaders.” “We should guide them, help them, encourage them and empower them. Power…then sit down and applaud because they behaved better than us.”

Cimplete News Source : Business Standard