London Daily

Focus on the big picture.
Monday, Sep 28, 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
Transport for Wales and Network Rail Complete Electrification of South Wales Metro
Defra Expands Incentives for Sustainable Farming and Biodiversity in England
Northern Ireland Executive Approves Funding Package to Resolve Public Sector Pay Disputes
Universities UK Warns of Financial Insolvency Risks for Higher Education Institutions
UK Prisons Activate Emergency Protocols to Manage Capacity Pressures
UK Government Establishes New Safety Standards for Frontier AI Models
Home Office Tightens Skilled Worker Visa Requirements and Dependent Rules
Ministry of Defence Restructures Royal Navy Frigate Procurement to Prevent Overruns
UK Government Mandates New Housing Targets to Address National Shortage
UK and Scottish Governments Reach Agreement on North Sea Energy Transition
NHS Launches Digital Overhaul to Reduce Surgical Backlogs in England
Bank of England Holds Interest Rates as Service Sector Inflation Persists
UK Chancellor Announces Fiscal Consolidation Measures to Stabilize National Debt
RNLI Chief Executive Condemns Misinformation and Abuse Targeting Volunteer Crews
Metropolitan Police Charge Swindon Man with Assisting Foreign Intelligence Services
British Intelligence Report Warns Environmental Collapse Threatens Global Defense Infrastructure
Conservative Party Rejects New Taxes to Fund UK Social Care Reforms
Labour Government Signals Intent to Ease Residency Restrictions for Foreign Care Workers
Prime Minister Andy Burnham and Norwegian Prime Minister Jonas Støre Meet to Strengthen North Atlantic Defense
UK Government Plans to Revive Equity Loan Scheme to Assist First-Time Home Buyers
Prime Minister Andy Burnham Pledges Radical Reform for UK Utilities and Social Care
UK Treasury Prepares Difficult Autumn Budget Amid High Debt and Energy Volatility
Civil Aviation Authority Launches Review of Air Traffic Systems Following Digital Failure
X Reports First Increase in UK Revenues Following Advertiser Boycott
Shetland Islands Council Approves £400 Million Inter-Island Tunnel Project
Foreign Secretary Ed Miliband Warns Iran Against Hostile Activities on British Soil
UK Ministers Concede Chagos Islands Sovereignty Agreement Terminated After US Opposition
More in Common Poll Projects Hung Parliament with Labour Leading and Reform UK Gains
Prime Minister Andy Burnham Defends Economic Strategy as Public Finances Face Headwinds
Tony Blair Urges Government to Set Long-Term Goal of Rejoining the European Union
Prime Minister Andy Burnham Pledges Universal Free Social Care Funded Through General Taxation
UK Diesel and Petrol Prices Surge Near All-Time Highs Amid Middle East Energy Volatility
Analysis of Reform UK conference highlights deep political divisions over welfare and immigration
Bangladesh garment exports to the United Kingdom reach $915 million in early fiscal year
Royal Navy begins sea trials for new HMS Agamemnon hunter-killer submarine
New report suggests UK data centre expansion will create far fewer jobs than predicted
Major weekend closures announced for London Underground Piccadilly and Central lines
NHS leaders call for emergency winter funding to combat staffing shortages and rising illness
Far-right activist Daniel Thomas charged following alleged slashing of migrant dinghy
Home Secretary orders urgent review of border security following rise in small boat crossings
Prime Minister Andy Burnham to address Labour Party conference amid calls for long-term infrastructure plan
UK Treasury and Bank of England warn of rising inflation risks amid Middle East tensions
Royal Navy Diving Squadron Honoured for Global Bomb Disposal Efforts
UK State Pension Set to Approach £13,000 Per Year Under Triple-Lock
Rolls-Royce Wins Multi-Million-Pound Engine Contract with Philippine Airlines
TfL Questions Future of Heathrow Express Amid Proposed £33 Billion Expansion
Ed Miliband Warns Iran Against Hostile Operations on British Soil
S&P Global Manufacturing Index Signals Stabilization Amid Rising Fuel Costs
Prime Minister Andy Burnham Launches National Centre for Information Defence
UK Food and Drink Trade Deficit Surges to £21.1 Billion
×