Ambani anoints next gen at Jio-Retail engine driving half of Reliance EBITDA
At Reliance's 49th AGM, Mukesh Ambani cleared Jio Platforms' DRHP and tapped Akash, Isha and Anant to lead the IPO-bound unit. Jio (524M subs, 268M 5G) and Retail (20 years old) now contribute ~50% of group EBITDA, anchoring a ₹6.48 lakh crore five-year capex plan.
At Reliance's 49th AGM, Mukesh Ambani approved Jio Platforms' DRHP for IPO and named Akash, Isha and Anant Ambani to lead it. Reliance Retail marks 20 years; Jio and Retail now deliver ~half of group EBITDA.