Some of the biggest business mega corporations in India are currently being impacted by the waves of change. Changes in leadership have taken place, and important executive positions have been filled by members of new family generations.
Mukesh Ambani, the chairman of Reliance Industries, one of India’s largest companies, recently announced his plans to divide the leadership of his empire among his three children. This move signifies a shift in the traditional approach of having a single leader at the helm of a family-owned business and reflects the growing trend of succession planning in India’s large business families.
Similarly, Kumar Mangalam Birla, the chairman of the Aditya Birla Group, has taken steps to ensure the future success of his family’s business by introducing his two children, Ananya and Aryaman, into executive roles within their various group companies. This marks the first time that the younger generation of the Birla family has taken up such positions, signaling the start of a new chapter for the group.
Overall, these developments demonstrate a significant shift in the way India’s largest conglomerates are managed and controlled. With the introduction of new generations of family members into leadership positions, it is clear that these businesses are adapting to the changing times and positioning themselves for future success.