MUMBAI: Anant Ambani, the youngest son of Reliance Industries‘ chairman Mukesh Ambani, has joined the board of Jio Platforms as an additional director.

He was appointed on the board of Jio Platforms on March 16, 2020.

Anant Ambani, 25, is the youngest of the three Ambani siblings. Twins Akash and Isha Ambani had joined the boards of RIL’s telecom and retail ventures – Reliance Jio Infocomm and Reliance Retail – back in 2014, and have also joined the board of Jio Platforms since.

Anant Ambani joins Jio Platforms at a time when the oil-to-telecom behemoth is looking to transition itself from an energy-centric conglomerate to one focussing increasingly on consumer technology.

Jio Platforms, the unit of RIL, comprises mostly its telecom business under Reliance Jio Infocomm, which is the largest in the country with more than 388 million subscribers.

RIL’s other digital properties and investments such as Jio Cinema, Jio Saavn and Haaptik are also housed in Jio Platforms. RIL has over the last 6-12 months consistently talked about building Jio Platforms into a digital platform on the lines of US major Alphabet and technology giant Tencent.

Jio Platforms has been in the news of late for a spate of investments from global firms in a span of few weeks. The company has so far signed pacts for investments of Rs 78,562 crore from five global investors – social media major Facebook, private equity funds Silver Lake, Vista Equity Partners, General Atlantic and KKR – for a combined holding of 17.12%.


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