Not only Mukesh Ambani, these businessmen of India have also made plans for their successors

Many businessmen of India have prepared a plan for their successor.

Indian billionaire Mukesh Ambani’s decision to hand over the reins of Reliance Jio to his eldest son Akash Ambani marks the beginning of a transitional period of business leadership in the Reliance Group.

Indian billionaire Mukesh Ambani’s decision to hand over the reins of Reliance Jio to his eldest son Akash Ambani marks the beginning of a transitional period of business leadership in the Reliance Group. This decision is to save the family business from a painful split again. The Ambani family founded the Reliance Group. Dhirubhai Ambani Saw after the death of (Dhirubhai Ambani). Let’s take a look at 10 top business families of India and their next generation.

mukesh ambani

Sixty-five-year-old Mukesh Ambani has three children. Twins Akash and Isha and youngest son Anant. Mukesh Ambani resigned from the board of Reliance Group’s telecom franchise Reliance Jio Infocomm Ltd and handed over the reins of the firm to his elder son Akash on Monday. He carried forward the succession plan of his business which had been going on for months. The company’s board has also approved the appointment of Akash Ambani as the chairman (board of directors) of the company’s board of directors.

According to PTI, it is widely speculated that Mukesh Ambani may hand over the reins of his retail business to 30-year-old Isha Ambani, who is married to Anand Piramal (son of Ajay and Swati Piramal of Piramal Group). Both Akash and Isha have been on the board of Reliance Retail Ventures Limited (RRVL). The company operates supermarkets offering consumers electronics, food and grocery, fashion, jewellery, footwear and clothing as well as online retail ventures since October 2014. The youngest of three siblings, 26-year-old Anant has recently been inducted as a director in RRVL. He is Director in JPL since May 2020. Anant is also looking after Reliance’s renewable energy, oil and chemical unit as a director.

gautam adani

Infrastructure tycoon Gautam Adani has two sons – Karan and Jeet Adani, who are currently working in various positions in the Adani Group. Gautam Adani is the chairman of Adani Group, while Adani’s elder son Karan Adani has been heading the operations of Adani Ports & SEZ Limited since 2016 and is also the CEO of the company. Adani Ports also owns Mundra Port. Karan is also the director of Adani Airport Holdings Limited. Gautam Adani’s youngest son Jeet Adani joined the group in 2019 and is currently the vice chairman of the group’s finance department.

Shiv Nadar

Shiv Nadar, the founder of HCL Technologies, is the third richest person in India after Mukesh Ambani and Gautam Adani. He handed over the reins of the company to his daughter Roshni Nadar Malhotra in July 2020. Roshni is currently the chairperson of HCL Technologies, and is also the CEO of HCL Corporation, the holding company of HCL’s operating companies.

Cyrus Poonawalla

Based in Pune, the Cyrus Poonawalla Group has interests in various businesses which include pharmaceuticals and biotechnology, finance, clean energy, hospitality, realty and aviation industries. But the superstar of the group is Serum Institute of India, which was founded in 1966 by Cyrus Poonawalla. Today this company is the world’s largest vaccine manufacturer. Which has played an important role in providing the Kovid-19 vaccine to the world.

Cyrus was named India’s fourth richest person by Forbes magazine in 2022. In 2011, he handed over the reins of the family’s vaccine business to his only son, Adar Poonawalla. Adar is now the CEO of the group. Poonawalla Fincorp has introduced the company into new businesses as well as lending to consumers and small businesses, Poonawalla Clean Energy provides solutions for renewable energy and most recently Poonawalla Business Bay and The Ritz Carlton in Pune. It has also entered the hospitality and realty sector through hotels.

Radhakishan Damani

Radhakishan Damani, 67, owner of Avenue Supermarts, which runs the popular retail chain DMart, is currently the fifth richest person in India. They have three daughters Manjari Damani Chandak, Jyoti Kabra and Madhu Chandak. Damani’s eldest daughter Manjari Chandak is currently a non-executive director at Avenue Supermarts, while the other two sisters Jyoti Kabra and Madhu Chandak are directors at the 115-year-old retailer Bombay Swadeshi Stores. The three sisters had bought half the stake in the company in 2015.

Lakshmi Mittal

Lakshmi Mittal, executive chairman of ArcelorMittal Group, has two children. Aditya Mittal and Vanisha Mittal Bhatia. Both children are board members of the world’s largest steel and mining company. Aditya joined the family business in 1997 and was instrumental in Mittal Steel’s merger with Arcelor. He was appointed as the CEO of ArcelorMittal in 2021. He is also the Chairman of the Board of ArcelorMittal Nippon Steel India. At the same time, his sister Vanisha was appointed as the Board of Directors of Mittal Steel in December 2004, where she worked in the Procurement Department (Procurement and Distribution Department). At present, Vanisha is a non-independent director of ArcelorMittal. Vanisha is married to British businessman Amit Bhatia while Aditya is married to fashion entrepreneur Megha Mittal.

Jindal Group

Late industrialist OP Jindal has four sons. Prithvi Raj Jindal, Sajjan Jindal, Ratan Jindal and Naveen Jindal. They all handle four different businesses in the group since the business split in 2013. Prithvi Raj Jindal is leading Jindal SAW. So there Sajjan Jindal runs JSW. Ratan Jindal handles Jindal Stainless and Naveen Jindal is leading Jindal Steel & Power. While these four brothers have taken their father’s business to a different level, their children are also playing an important role in running many of the group’s businesses.

Prithvi Raj’s daughter Smini Jindal is the Managing Director of Jindal SAW, while they have two other children Shraddha Jatia and Trupti Arya as active directors. Sajjan Jindal is currently the Chairman of Jindal Steel Works Group while his son Parth Jindal is the Managing Director of JSW Cement and JSW Paints. He has two daughters. Tarini Jindal Handa and Tanvi Jindal Shete. While Tarini Jindal Handa is the managing director of JSW Realty, the real estate arm of the group, Tanvi Jindal is the founder of Shete Museum of Solutions and the director of JSW Foundation.

Ratan Jindal, chairman and manager of Jindal Stainless Limited, has two children. Urvi Jindal and Abhyuday Jindal. Abhyudaya joined the family business with his father in 2014 and is currently the Managing Director of Jindal Stainless. Naveen Jindal’s son Venkatesh Jindal is currently part of the Corporate Finance and Strategy team at JSPL.

Kumar Mangalam Birla

Aditya Birla Group Chairman Kumar Mangalam Birla has three children. Ananya Birla, Aryaman Birla and Advaitesh Birla. Both his daughters Ananya and Advaitesh are young entrepreneurs. Ananya is the founder, chairman and director of Swatantra Microfin Private Limited, which provides micro-loans to women entrepreneurs based in rural India. She is also the founder of Asai, a luxury e-commerce platform unit. Kumar Birla’s youngest daughter, Advaitesh Birla is the founder of Ujas, which works towards spreading awareness about menstruation. Kumar’s son Aryaman Birla is the founder of Aditya Birla Ventures, the venture capital arm of the Aditya Birla Group.

Dilip Shanghvi

Dilip Shanghvi of Sun Pharmaceuticals is the ninth richest person in India according to the Forbes 2022 list. According to reports, he has already made a succession plan for his empire. Both his children Alok Sanghvi and Vidhi Salgaonkar have already joined the family business. Alok Shanghvi was appointed as the company’s Head of Emerging Markets in 2015. Three years later, Beti Vidhi was made the head of the Consumer Healthcare business, a separate part of the company, in 2018.

azim premji

Azim Premji, founder and chairman of Wipro Limited, handed over the reins of the information technology, consulting and business process services company to his eldest son Rishad Premji in 2019. In July 2019, Rishad was appointed chairman. He is currently the Executive Chairman of Wipro Limited. His youngest son Tariq Premji is a non-executive director at Wipro Enterprises, the parent company of Wipro Consumer Care & Lighting and Wipro Infrastructure Engineering. Tariq is also the Vice President of the Azim Premji Endowment Fund, a unit set up by Azim Premji to fund his philanthropic work.