Anant Ambani appointed as executive director of RIL

The board of Reliance Industries Ltd has appointed Anant Ambani as a whole-time director and designated him as executive director of the company for a period of five years with effect from May 1, 2025.

Anant, the youngest son of Asia’s wealthiest man, Mukesh Ambani, is currently a non-executive director of RIL. Anant joined the board of Jio Platforms as a director in March 2020, Reliance Retail Ventures Ltd in May 2022 and Reliance New Energy Ltd and Reliance New Solar Energy Ltd in June 2021. He also serves on the Board of Reliance Foundation since September 2022.

Anant is driving the expansion of energy and materials businesses of Reliance Industries and its global operations in renewable and green energy. Under his leadership, Reliance aims to become a Net Carbon Zero company by 2035 by building world-scale capabilities in the production of clean fuels and materials of the future, developing next-generation carbon capture and storage technologies, creating holistic and circular materials businesses, and maximising crude to chemicals conversion.

Anant, who received his Bachelor’s degree from Brown University, is also keenly involved in various employee engagement initiatives to bring in a young and vibrant culture.

Ambani’s three children — Isha, Akash, and Anant — are playing key roles in Reliance Industries' emerging ventures, having been prepared for leadership positions in recent years.

“The Board of Directors of the Company at its meeting held today, on the recommendation of the Human Resources, Nomination and Remuneration Committee, considered and appointed Anant M. Ambani, a Non-Executive Director of the Company, as Whole-time Director designated as Executive Director of the Company, for a period of 5 (five) years with effect from May 1, 2025, subject to the approval of the members of the Company,” Reliance Industries said in a statement.

Mukesh Ambani-led RIL reported a consolidated net profit of ₹19,407 crore, marking a 2.4% year-on-year rise from ₹18,951 crore in the same quarter of the previous year. This growth was mainly fueled by robust performance in its digital services and retail segments, which helped counterbalance weaker results in the energy sector. Notably, the company announced a landmark achievement, becoming the first Indian firm to surpass ₹10 lakh crore in total equity during the 2024-25 fiscal year.

The oil-to-telecom conglomerate reported an 8.8% year-on-year rise in consolidated gross revenue, reaching ₹2,61,138 crore in the January–March 2024 quarter, up from ₹2,36,000 crore during the same period last year. The company’s consolidated EBITDA climbed 3.6% YoY to a record ₹43,832 crore, driven by strong performance from its consumer-focused businesses.

Despite the increase in EBITDA, the margin declined by 90 basis points, falling to 16.9% in Q4 FY25 from 17.8% a year earlier. As of March 31, 2025, Reliance Industries’ consolidated net debt stood at ₹1,17,083 crore, slightly higher than ₹1,16,281 crore recorded on December 31, 2024.

Reliance Retail, one of RIL’s key divisions, reported gross revenue of ₹3,30,870 crore for FY25, reflecting a 7.9% increase year-on-year. For the March 2025 quarter alone, the unit saw revenue rise 15.7% YoY to ₹88,620 crore.