Reliance Jio's new chairman, Akash Ambani, is announced after Mukesh Ambani resigns as a director of the company.

Akash Ambani, the eldest son of Reliance Jio's founder Mukesh Ambani, has taken over management of the company after Mukesh resigned from the board of directors. The 65-year-old billionaire's action can be viewed as succession planning. According to a stock exchange filing from Reliance Jio Infocomm, the company's board of directors authorized the appointment of Akash M. Ambani, a non-executive director, as the chairman of the board of directors of Reliance Jio during a meeting on June 27, 2022. This came after Mukesh Ambani announced his resignation on June 27 at the end of the workday. If you are preparing for competitive exams and looking for expert guidance, you can download our General Knowledge Free Ebook Download Now.

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Pankaj Mohan Pawar was one of the other candidates chosen when it was revealed that Akash Ambani would be the next chairman of Reliance Jio, and his five-year stint as the company's managing director started on June 27. Raminder Singh Gujral and KV Chowdhary were chosen as independent directors.

Akash Ambani, who received his degree in economics from Brown University, has played a key role in the disruptive and inclusive growth path paved by Reliance Group's consumer retail and digital services offerings.

Currently, he is in charge of developing the convergence dividend for more than 500 million consumers.

The digital ecosystem built around Jio's 4G offering has a strong connection to Akash Ambani.

In 2017, he worked closely with a team of engineers to develop and introduce the Jiophone, an innovative gadget that focused on India's specifications and allowed many people to switch from 2G to 4G.

Reliance An Indian telecommunications firm called Jio Infocomm Limited, doing business as Jio, is a division of the Jio Platform. Jio now provides 4G and 4G+ services, but it is also aiming to provide 5G and 6G services.

A beta version of Jio was made available to partners and staff on December 27, 2015, and it was made available to the general public on September 5, 2016. With over 42.2 crore members, Jio is the biggest mobile network provider in India and the third-largest mobile network operator globally.

Akash Ambani, the eldest son of Reliance Jio's founder Mukesh Ambani, has taken over management of the company after Mukesh resigned from the board of directors.

Pankaj Mohan Pawar was one of the other candidates chosen when it was revealed that Akash Ambani would be the next chairman of Reliance Jio, and his five-year stint as the company's managing director started on June 27.

The digital ecosystem built around Jio's 4G offering has a strong connection to Akash Ambani.

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