Isha Ambani, a formidable force in the business world, is set to embark on a new journey as she assumes the prestigious role of a non-executive director at Jio Financial.

Jio Financial

Isha Ambani, the daughter of Mukesh Ambani, has been appointed as a non-executive director of Jio Financial Services Ltd (JFSL), a notable announcement made by Reliance Industries, the parent company. As a pivotal member of Reliance Retail’s executive leadership team, Isha, who is 31 years old and married to Anand Piramal of the Piramal Group, holds a prominent position. Her exceptional contributions and visionary approach were evident in her instrumental role during the conceptualization and successful launch of Jio in 2016.

Isha Ambani

More About Isha Ambani

With an impressive educational background, including a double major in Psychology and South Asian Studies from Yale University and an MBA from Stanford University, Isha is currently driving the expansion of Reliance Retail into new domains, geographies, and formats. Her primary focus lies in enhancing the overall customer experience. However, it should be noted that her appointment as a non-executive director is subject to approval from shareholders and the Reserve Bank of India (RBI). Once approved by the RBI, her appointment will become effective.

Isha Ambani

 

In addition to Isha Ambani and Hitesh Sethia, the company is delighted to welcome Rajiv Mehrishi, a retired Indian Administrative Service (IAS) officer of the 1978 batch from the Rajasthan cadre, and Sunil Mehta, the former MD and CEO of Punjab National Bank (PNB), as independent directors. Rajiv Mehrishi’s extensive experience of over 42 years includes serving in various key positions in the Union and Rajasthan governments, such as Union home secretary and the 13th Comptroller and Auditor General of India (C&AG). He was honored with the Padma Bhushan award in 2022 for his remarkable contributions.

Reliance Industries has set July 20 as the record date for the demerger scheme. Under this scheme, RIL shareholders will receive one share of Jio Financial for each share they currently hold in RIL. This marks a significant step in the restructuring process of the company. With these developments, Jio Financial is building a formidable team of directors to guide the company towards a prosperous future.

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