Mumbai: The Board of Directors of Reliance Capital has approved the induction of Anmol Ambani, the 24-year-old eldest son of Reliance Group Chairman Anil Dhirubhai Ambani, on the Board of Reliance Capital as an Additional Director. Anmol Ambani has taken two years of formal training as he has been working in various financial services businesses within Reliance Capital since 2014.
The induction follows the recommendation by the Nomination and Compensation Committee of the Board of Reliance Capital, comprising largely of Independent Directors, a company statement said.
Anmol said: “The last two years have given me great learning about the financial services business. I look forward to using this experience for scaling up our businesses and contributing towards their growth and progress. With a revenue of over Rs 4,000 crore, Reliance Capital has various verticals dealing with life insurance, commercial finance, securities, general finance and mutual funds.”
An alumnus of Warwick Business School, Britain, Anmol has been working in various financial services businesses within Reliance Capital since 2014. He has also been a part of the interactions with Nippon Life for increasing stake in Reliance Life Insurance and Reliance Capital Asset Management in the last two years. “Anmol’s presence in any event evokes a lot of engagement and response. He likes to spend a lot of time interacting with local teams informally,” said Sam Ghosh, Executive Director and Group CEO of Reliance Capital.
Besides, Chairman Anil Ambani, Anmol is the only other family member to have joined the board of the financial services arm of Reliance Group. He will become the full-time executive director at the forthcoming annual general meeting (AGM) next month. Anmol has been actively involved in internal business reviews across companies and has also been part of interactions with Nippon Life for increasing stake in Reliance Life Insurance and Reliance Capital Asset Management in the last two years. Anmol’s cousin Akash is employed with father Mukesh Ambani’s company, Reliance Industries (RIL).
Source: IANS/ PTI