The Board of Directors of Reliance Industries Limited (RIL) has recommended the appointment of Isha Ambani, Akash Ambani, and Anant Ambani as Non-Executive Directors of the company. This decision follows the resignation of Nita Ambani from the Board, who will continue as the Chairperson of Reliance Foundation.<\/p>\n\n\n\n
In a meeting held today, the Board of Directors considered and endorsed the suggestion of the Human Resources, Nomination, and Remuneration Committee. They have recommended the appointment of Isha Ambani, Akash Ambani, and Anant Ambani as Non-Executive Directors, subject to approval by the shareholders. Their official roles will commence upon obtaining shareholder approval.<\/p>\n\n\n\n
Additionally, the Board of Directors acknowledged and accepted Nita Ambani’s resignation from the Board. This decision stems from her desire to dedicate her efforts and time towards guiding and empowering Reliance Foundation for a more substantial societal impact. The Board recognized Nita Ambani’s significant contributions as the Founder Chairperson of Reliance Foundation. Over time, the Foundation has made remarkable progress in its mission to uplift marginalized and underprivileged communities across India. The Board commended her commitment to fortifying Reliance Foundation as it embarks on new initiatives for transformative societal change.<\/p>\n\n\n\n
Although stepping down from the Board, Nita Ambani will continue to participate in RIL Board meetings as a permanent invitee. This arrangement will ensure that her guidance continues to benefit the company. Isha Ambani, Akash Ambani, and Anant Ambani have been actively involved in leading key RIL businesses such as retail, digital services, energy, and materials over the past few years. They also hold positions on the boards of RIL’s major subsidiaries. Their inclusion on the RIL Board is anticipated to bring fresh perspectives and innovative ideas, contributing to the company’s growth.<\/p>\n\n\n\n
Reliance Industries Limited is India’s largest private sector company, achieving a consolidated revenue of INR 9,74,864 crore (US$118.6 billion), a cash profit of INR 1,25,951 crore (US$15.3 billion), and a net profit of INR 73,670 crore (US$9.0 billion) for the fiscal year ending on March 31, 2023. RIL’s diverse activities encompass hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail, and digital services.<\/p>\n\n\n\n
Reliance currently holds the 88th rank on Fortune’s Global 500 list of World’s Largest Companies for 2023, and it stands as the highest-ranking Indian company on the Forbes Global 2000 rankings of World’s Largest Public Companies for 2023, securing the 45th position. The company’s commitment to its employees is evident through its inclusion among the world’s 20 best companies to work for in Forbes’ World’s Best Employers for 2022. It is also recognized in LinkedIn’s Top Companies 2023: The 25 Best Workplaces To Grow Your Career In India.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
In a meeting held today, the Board of Directors considered and endorsed the suggestion of the Human Resources, Nomination, and Remuneration Committee. They have recommended the appointment of Isha Ambani, Akash Ambani, and Anant Ambani as Non-Executive Directors, subject to approval by the shareholders.<\/p>\n","protected":false},"author":4,"featured_media":486212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":"","jetpack_publicize_message":"Isha Ambani, Akash Ambani and Anant Ambani to join Reliance Board, Nita Ambani to step down","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1518,125714],"tags":[2503,68337,61569,2502,1701],"yst_prominent_words":[58380],"ppma_author":[140543],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/d2r2ijn7njrktv.cloudfront.net\/apnlive\/uploads\/2023\/08\/28164648\/Reliance.jpg","jetpack_sharing_enabled":true,"authors":[{"term_id":140543,"user_id":4,"is_guest":0,"slug":"apnnewsdesk","display_name":"APN Live","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/478eacb893eda88aa6ed8d99b005bf58?s=96&r=g"}],"_links":{"self":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/486210"}],"collection":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/comments?post=486210"}],"version-history":[{"count":0,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/486210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media\/486212"}],"wp:attachment":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media?parent=486210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/categories?post=486210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/tags?post=486210"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=486210"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/ppma_author?post=486210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}