Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomePMN BusinessAmbani Vows Reliance Will Be 'Indivisible' Even After SuccessionBillionaire Mukesh Ambani vowed to keep his empire undivided in the clearest comments yet that, unlike the acrimonious split with his brother in 2006, succession this time will not cleave India’s most valuable company.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.Mukesh Ambani, chairman of Reliance Industries Ltd. Photo by Dhiraj Singh /Photographer: Dhiraj Singh/Bloom(Bloomberg) — Billionaire Mukesh Ambani vowed to keep his empire undivided in the clearest comments yet that, unlike the acrimonious split with his brother in 2006, succession this time will not cleave India’s most valuable company.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe generational transfer of day-to-day management at Reliance Industries Ltd. is almost complete and the retail-to-refining conglomerate is indivisible “now and forever,” Ambani, 69, told shareholders at the annual general meeting on Friday. He also announced the listing plans for the group’s digital unit — the first major IPO from the family after Reliance itself went public in 1977.Ambani’s daughter Isha leads the consumer businesses while his elder son Akash helms digital and technology operations, including the unit that’s heading for a listing. His youngest Anant manages the legacy and new energy verticals.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“They are three bodies, one soul,” Ambani said. “Their soul is Reliance. One single indivisible Reliance, now and forever.”Avoiding future disputes is crucial for Reliance investors as well as its billionaire-owner who recently lost the crown of Asia’s richest to Gautam Adani, according to the Bloomberg Billionaires Index. Reliance shares have slipped 16.6% this year, outpacing the losses in the benchmark S&P BSE Sensex.Hard LessonsAmbani’s forceful assertion on Friday that history will not repeat itself also shows the hard lessons learned more than two decades back. He battled a years-long bitter feud with his younger brother, Anil, after their father and Reliance founder, Dhirubhai Ambani, died in 2002 without a will.The fraternal fight was so intense that it forced their mother Kokilaben to intervene and hammer out a family truce, splitting the businesses. Mukesh retained the company’s oil, gas, petrochemicals and textiles businesses while Anil took control of telecom, financial services and power assets.Unlike Dhirubhai who never delineated work publicly between his two sons, Ambani has been more deliberate and public about his succession planning. Under him, Reliance has groomed about 500 leaders, with domain expertise and technological fluency, to support Isha, Akash and Anant in running the businesses.Ambani has also tasked each of his children with at least one standout project to deliver on.Akash, for instance, will be overseeing the Jio Platforms listing, which will be India’s largest IPO if it manages to raise as much as $4 billion.Besides expanding the digital unit, Akash is also helming the team that’s considering launching a network of satellites in a move that can rival Elon Musk’s Starlink.Isha, on Friday, laid out a target for the closely held Reliance Consumer Product Ltd. to more than quadruple revenues by 2030 to $10.5 billion. It also plans to manufacture everything from beverages and daily essentials to televisions, smartphones, and connected wearables.Reliance’s legacy cash cow energy operations is managed by Anant, where the group is plowing billions of dollars in solar power, battery storage systems and green materials including hydrogen and ammonia.—With assistance from Satviki Sanjay and Jody Megson. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.