MOSTPOWERFUL WOMEN

16
Prev Rank: NEW

Isha Ambani, 29

Director, Reliance Jio Infocomm and Reliance Retail Ventures

Previous Rank : NEW

Despite her inherited wealth and enviable business lineage, Isha is carving out a place for herself within the $87-billion Reliance Industries Limited (RIL), the oil-to-telecom conglomerate led by her father Mukesh Ambani, Asia’s richest man. Armed with degrees from Yale and Stanford, she honed her business acumen by being on the boards of Reliance’s retail and telecom companies. This year she rose to the forefront by raising billions of dollars for Reliance Retail Ventures Ltd (RRVL). Between September and early October, RRVL raised ₹37,710 crore (around $5 billion) from global investors, including Silver Lake, KKR, General Atlantic, and TPG. She also played an active role in the acquisition of online pharmacy store, Netmeds, for ₹620 crore. While announcing RRVL’s acquisition of the retail and wholesale business, and the logistics and warehousing arm from the Kishore Biyani-led Future Group for ₹24,713 crore, RIL issued a statement by her, and not her father, a testimony of her growing importance in the retail business of RIL.

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