TestCloud
Prep • Practice • Perform
Log In

Anant Ambani Appointed Executive Director as Reliance Industries and Becomes First Indian Company to Cross ₹10 Lakh Crore Equity Value.

Appointment | Dated: 29 Apr 2025

On 26th April 2025, the Board of Directors of Mumbai, Maharashtra-based Reliance Industries Limited (RIL) appointed Anant M. Ambani as an Executive Director (ED) for a five-year term, effective from 1st May 2025, subject to shareholders’ approval.

🎯 Key Highlights:

  • - Currently, Anant M. Ambani serves as a Non-Executive Director at RIL and has been actively involved in the group’s energy and sustainability initiatives, where RIL aims to achieve net-zero carbon emissions by 2035.
  • - He plays a key role in leading RIL’s energy ventures, with a strong focus on driving green and Renewable Energy (RE) initiatives.
  • - Anant Ambani becomes the first among the Ambani siblings to assume an Executive Director (ED) role at Reliance Industries Limited (RIL); he has also been serving as a Board Member of Jio Platforms Limited (since March 2020), Reliance Retail Ventures Limited (since May 2022), and both Reliance New Energy Limited and Reliance New Solar Energy Limited (since June 2021).

💡 Other Important Facts:

  • (i) Reliance Industries Limited (RIL) has achieved a major milestone by becoming the first Indian company to surpass ₹10 lakh crore in total equity. This landmark follows RIL’s earlier achievement in 2024, when it became the first Indian firm to cross ₹20 lakh crore in market capitalization. The company’s consistent growth reflects its strong market leadership and strategic expansions.
  • (ii) The surge in RIL’s equity value has been driven by robust performances in its consumer businesses and its oil-to-chemicals (O2C) segment. Demonstrating its financial strength, RIL reported a 2.9% year-on-year (YoY) increase in its annual consolidated Profit After Tax (PAT) and share of profit/(loss) from associates and joint ventures, reaching ₹81,309 crore (approximately USD 9.5 billion).
  • (iii) Additionally, RIL announced a significant capital expenditure of ₹131,107 crore (around USD 15.3 billion) for the fiscal year ending March 31, 2025. This investment highlights RIL’s commitment to future growth, focusing on strengthening its businesses across energy, digital services, and retail sectors.

📚 Test Your Knowledge:

Who has recently been appointed as the Executive Director of Reliance Industries Limited (RIL) for a five-year term starting May 1, 2025?

Correct Answer: Anant Ambani

🚀 Quick Recap:

About Reliance Industries Limited

  • Chairman & Managing Director (CMD) : Mukesh Ambani
  • Headquarters : Mumbai, Maharashtra