Significant Role For Mukesh Ambani's Daughter Isha

Mukesh Ambani's daughter Isha Ambani is set to be named chairman of the Reliance conglomerate's retail unit. Her father, Indian billionaire Mukesh Ambani, is pushing ahead with a plan for succession in one of Asia's richest families.

According to sources, an announcement of Isha Ambani's elevation could come as early as Wednesday, who asked not to be identified ahead of a formal statement. She is currently the director of Reliance Retail Ventures Ltd.

Isha Ambani's promotion follows that of her twin brother, Akash Ambani. Akash was appointed as chairman of the telecom unit, Reliance Jio Infocomm Ltd. Isha and Akash have both been part of teams that negotiated Meta Platforms Inc.'s investment in the group. The twins have a younger brother, Anant, 27.

Reliance Retail and Reliance Jio are subsidiaries of the family's oil-to-telecom conglomerate, of which the $217 billion Reliance Industries Ltd. is the flagship firm. Mukesh Ambani is chairman and M.D of Reliance Industries.