News: Reliance Infra appoints Anmol and Anshul Ambani


Reliance Infra appoints Anmol and Anshul Ambani

The Anil Ambani led Reliance Group has appointed Anmol and Anshul as directors on the board of infrastructure arm RInfra.
Reliance Infra appoints Anmol and Anshul Ambani

Reliance Infrastructure Limited, formerly Reliance Energy Limited has appointed both the sons of Anil Ambani—Anmol and Anshul Ambani as directors on the board of infrastructure arm.

The company has also appointed retired Army officer Lt Gen Syed Ata Hasnain as an independent director on the board of the company.

According to the statement released by company, Anmol has been on the board of Reliance Capital since August 2016, while the younger one, Anshul joined group this January, and has been actively involved in all operations of RInfra, including a special focus on the defence business, working closely with the group chairman and Punit Garg, executive director.

Anmol has a degree in Management from Warwick Business School. An Executive Director at Reliance Capital, he has been overseeing the financial services businesses since he joined its Board in August 2016, the statement said. Anshul joined the Reliance Group in January 2019 after completing his undergraduate degree in Business Management from New York University’s Stern School of Business.

Currently, the company is undergoing a slew of crisis and according to the recent AGMs, Anil Ambani may also shut down two lending arms of Reliance Capital—Reliance Commercial Finance and Reliance Home Finance with a cumulative asset of over Rs. 25,000 crore, by December.

As of July 2019, four group companies alone, excluding the bankrupt telecom arm, were sitting on a debt pile of about Rs. 93,900 crore.

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Topics: Leadership

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