London Daily

Focus on the big picture.
Wednesday, Mar 11, 2026

Daughter rises in Mukesh Ambani’s succession plan

Daughter rises in Mukesh Ambani’s succession plan

In the clearest hint of a succession roadmap, Indian billionaire Mukesh Ambani carved out definite roles for each of his three children at the annual general meeting of his $220bn (£193bn) retail-to-refining conglomerate in August.
Ambani's older twins, Akash and Isha Ambani, will lead Reliance Industries Ltd's telecommunications and retail businesses respectively, while his youngest son Anant is being groomed to handle new energy.Corporate India's most anticipated leadership transition - Reliance is one of India's most valuable companies by market valuation - has been in the works for some time. The particulars of the impending wealth transfer are sketchy at the moment, and largely in the realm of speculation.

But what is palpable is Ambani's desire to avoid repeating history: the acrimonious inheritance battle he waged with his younger brother 20 years ago, after their father died without leaving a will.

Isha Ambani's leadership role is also in stark contrast to the largely peripheral role that other women from her family have played in the core business until now.

Over the past two decades, there has been a generational shift in the number of prominent Indian industrial families bringing women into the corner office - though analysts say there is still a long way to go.

Ambani, 65, is actively involved in running Reliance as its chairman and managing director and could have bought more time before thrusting his children into the limelight.

But unlike many Asian patriarchs who hold a tight control over their wealth till the end, he represents a "new generation of family business leaders" in Asia who've witnessed succession feuds and want to take "every step possible" to make the journey for their children smooth, says Prof Kavil Ramachandran, a senior adviser at the Thomas Schmidheiny Centre for Family Enterprise at the Indian School of Business.

From the Tata group - which owns Jaguar and Land Rover - to the Singhania family that's behind the textiles major, Raymond Group, India Inc has seen a series of rancorous succession battles. These have led to messy lawsuits and long-winded arbitration proceedings that have proven to be costly to shareholders.

But wealthy Asian families like the Ambanis are once bitten, twice shy, experts say.

The issue of intergenerational wealth transfer is also "gaining even more significance in a Covid-19 context," according to wealth consulting firm Hubbis.

While fewer than half of Asian families have succession plans in place, the pandemic has encouraged 84% of India's ultra-wealthy to reassess how they will transfer their wealth, global property consultancy Knight Frank estimates.

What's also being reassessed, it appears, is the role of women in succession plans.

Speaking of the leadership roles his three children were assuming, Ambani in his speech said "they are first among equals in a young team of leaders and professionals who are already doing amazing things at Reliance".

Isha Ambani's rise as an "equal" to her brothers is a clear shift from her older female relatives - her aunts got married into other business families long before the inheritance dispute split the Ambani family.

But Ms Ambani, a Yale graduate who worked at the consulting giant McKinsey, has been groomed to join the Reliance empire.

Given the influence the Ambanis wield, especially within the traditional Gujarati mercantile community they belong to, this gender shift is likely to have a "strong messaging effect," Prof Ramachandran says.

It's "a significant move that will set the tone for other business families, " says Sandeep Nerlekar, founder and managing director of the legacy planning firm Terentia. He has been advising family-owned corporates on succession plans for over a decade.

Ms Ambani is part of a new generation of women from major business families who have taken on senior leadership roles. This includes Nisaba Godrej, who leads one of the country's oldest diversified conglomerates; Nadia Chauhan who heads Parle Agro, one of India's top consumer goods companies; and at least half a dozen others.

There are several forces behind the change, experts say - including more women accessing higher education, and traditional joint families giving way to nuclear ones.

More women are also "being vocal about their rights and capabilities without worrying about feathers being ruffled", says Dipali Goenka, managing director and CEO of Welspun India, part of the $2.7bn Welspun Group, one of India's biggest textile companies.

Ms Goenka got married at the age of 18 and joined her husband's business after her children grew up and she decided to study management at Harvard Business School.

But there is still a long way to go.

Eight in 10 families in India still continue to harbor a bias towards sons when it comes to estate planning, Nerlekar says, citing a Terentia study. "Even wealth distribution between a daughter and a son is not equal," he adds.

The bitter public battle for a board seat by Valli Arunachalam, one of the heirs to the Chennai-based Murugappa Group, only underscores how difficult it is for Indian women to break through the glass ceiling.

Legal changes - to Hindu succession laws for instance, which gave women equal inheritance rights, irrespective of marital status - have helped smooth the way for women, experts say. And government rules requiring women to be included on company boards is increasing representation as well

But experts say this is a battle against patriarchy - and it has only just begun.
Newsletter

Related Articles

0:00
0:00
Close
British Airways Suspends UK Repatriation Flights as Middle East Travel Disruption Deepens
US Forces Prepare Ordnance at RAF Fairford as Strategic Bombers Deploy for Middle East Operations
Nigel Farage Faces Criticism After Saying Britain Should Stay Out of Iran War
Landmark UK Trial Begins Over Sony’s PlayStation Store Pricing
UK High Court Rejects Bid to Challenge Britain’s Chagos Islands Agreement With Mauritius
Finnish Duo Triumphs in England’s Annual Wife-Carrying Race, Winning a Barrel of Ale
How U.S. and UK National Security Strategies Are Reshaping the Global Business Landscape
Green Party Gains Momentum as Labour Shifts Toward the Political Centre
Royal Navy Destroyer HMS Dragon Sets Sail for Eastern Mediterranean as Regional Tensions Rise
UK Homebuilder Persimmon Warns Iran Conflict Could Dent Property Buyer Confidence
Roman Abramovich Signals Legal Fight if UK Seeks to Seize Chelsea Sale Funds
UK Ready to Back Emergency Oil Reserve Release as Middle East Conflict Pushes Prices Higher
Study of 40,000 Articles Sparks Debate Over Alleged Anti-Muslim Bias in UK Media
US and UK Army Chiefs Strengthen Cooperation on the Future of Armored Warfare
Britain’s Search for the Next ARM Intensifies as Startups and Investors Target the Semiconductor Frontier
Three US Strategic Bombers Arrive at RAF Fairford as Iran Conflict Intensifies
Cancer Death Rates in the UK Fall to the Lowest Level on Record
UK Government Bond Yields Retreat Slightly After Sharp Spike Triggered by Middle East Conflict
UK Chancellor Warns Middle East War Could Push Inflation Higher
UK Prime Minister Warns Iran Conflict Could Drive Up Prices and Threaten Economic Stability
Trump Declines UK Offer to Deploy Aircraft Carriers to Middle East Amid Iran Conflict
Prince Harry and Meghan Markle to Return to Australia After Seven Years for Philanthropic and Business Engagements
UK Government Signals Independence From Washington as Cooper Says Britain Does Not Agree With Trump on Every Issue
UK Experts Warn AI Chatbots Are Fueling Surge in Claims of Organised ‘Satanic’ Ritual Abuse
UK Political Parties Divided Over Strategy as Iran Conflict Reshapes Foreign Policy Debate
Britain Discloses Secret Military Repair Hubs Operating Inside Ukraine
Trump Says US No Longer Needs UK Carrier Support After Delayed Offer Amid Iran Conflict
Why Britain Has Become Involved in the US-Israel Military Campaign Against Iran
UK Gas Storage Falls to Under Two Days as Iran Conflict Jolts Global Energy Markets
UK Warned to Brace for Economic Shock as Iran War Drives Global Energy Price Surge
Starmer and Trump Hold First Call After Public Dispute Over Iran Conflict
UK Dentists Returned £1.3 Billion to Government as Shift Toward Private Care Accelerates
Expert Warns UK Must Build Emergency Food Stockpiles to Prepare for Climate Shocks or War
UK Plans Charter Flight to Evacuate British Nationals from Gulf as Regional Conflict Disrupts Air Travel
Families of Zimbabwe’s Liberation Fighters Call on Britain to Help Locate Skulls Taken During Colonial War
Iran’s Ambassador Warns Britain to ‘Be Very Careful’ Over Deeper Role in Expanding Middle East War
UK Military Leadership Defends Britain’s Defensive Role in Expanding Middle East Conflict
Four U.S. Strategic Bombers Arrive in Britain as Iran War Intensifies
Soham Murderer Ian Huntley Dies After Violent Attack in High-Security Prison
UK Lawmakers and Experts Condemn Scale of Overseas Human Remains Held in British Museums
Royal Navy Aircraft Carrier HMS Prince of Wales Placed on Standby for Potential Deployment
United Kingdom Confirms U.S. Military Using British Bases for Operations Targeting Iranian Missile Sites
Starmer Defends UK Role in Iran Conflict After Renewed Criticism from President Trump
Blue Owl Reveals £36 Million Exposure After Collapse of UK Lender Serving Wealthy Clients
UK Asylum Reform Plan Triggers Fierce Debate Over Border Control and Humanitarian Impact
US Stealth Bombers Head to UK Base as Trump Issues Stark Warning to Iran
UK Deputy Prime Minister Says Legal Case Could Exist for British Strikes on Iranian Missile Sites
Investigators Link Mysterious Parcel Fires Across Europe to Russian Intelligence Operation
Debate Intensifies Over Britain’s Legal Justification for US Military Operations Launched From UK Bases
Britain Faces Heightened Energy Price Risks as Iran-Linked Tensions Threaten Global Oil and Gas Supplies
×