Meet 24-year-old Jai Anmol Ambani, who will be handling RCom and take home Rs 12 million

 

Anil Ambani’s son Jai Anmol Ambani has been appointed as the executive director of Reliance Capital Limited. The shareholders at the company have approved this appointment and Anmol, who will be seen walking in his father’s shoes very soon.

Anmol was appointed as the additional director by the board in August. Though, according to the reports about 27% shareholders were against the resolution.

The trend of next generation taking over the business of the tycoons hitting 60s is very common. Anmol’s cousin and Mukesh Ambani’s kids Isha and Akash are already on board of the India’s newest mobile carrier, Reliance Jio Infocomm Ltd., as well as Reliance Retail Ventures Ltd.

"Across the board at family run businesses, the next generation is stepping up and groups are transitioning to the next generation. Anmol Ambani will now learn the ropes as he prepares to succeed his father," Sanjiv Bhasin, executive vice president at brokerage India infoline Ltd., told Bloomberg.

India’s third biggest mutual fund, Reliance Capital will be paying Anmol a salary of 12 million per annum. He will also be provided with as perquisites and allowances, and a commission based on profit.

Anmol holds an undergraduate degree in management from the Warwick Business School in UK and has two years of experience in financial services. He will be an executive director along with Chief Executive Officer Soumen Ghosh
(image:indiatimes)