Nita Ambani joins Reliance Industries Board

Written by FE Online | Mumbai | Updated: Jun 18 2014, 23:03pm hrs
AmbanisMukesh Ambani, along with mother Kokilaben and wife Nita Ambani, arrives at the 40th AGM of Reliance Industries in Mumbai. (PTI)
Shareholders ofReliance Industries (RIL) approved the appointment of Nita Ambani, Chairperson of Reliance Foundation (RF), as Director on the Board of Reliance Industries Limited in the AGM held today - she became the first woman to be appointed on the board of the nation's largest private firm.

Welcoming Nita on behalf of the board, RIL Chairman Mukesh Ambani said, Nita has been engaged in several initiatives that have strengthened Reliance, right from building the world-class township and the ecological development at Jamnagar, next-generation office campuses, designing customer touch points of Reliance Retail, healthcare initiatives, successfully setting up and running institutions such as Dhirubhai Ambani International School and Mumbai Indians to, most importantly, managing Reliance Foundation. We are delighted to welcome her to the Board of Reliance Industries as an accomplished individual who will add significant value to Reliances journey of growth.

In her acceptance statement, Nita said, I accept this responsibility as a tribute to millions of RIL stakeholders, as well as to my tireless colleagues at Reliance Foundation.

Nita Ambani was at the forefront of the ecological development of RILs Jamnagar refinery site by implementing a biodiversity plan covering 3.2 million trees over 2000 acres.

She also made significant contribution to Reliance Retail by conceptualising and guiding its corporate identity development across all formats.

Reliance Industries Limited had a turnover of Rs 401,302 crore (US$ 67.0 billion), cash profit of Rs 30,795 crore (US$ 5.1 billion) and net profit of Rs 21,984 crore (US$ 3.7 billion) as of March 31, 2014.