Mukesh Ambani, India’s wealthiest individual with a staggering net worth of $116.9 billion (approximately Rs 9.6 lakh crore), is strategically setting the stage for the future of Reliance Industries. Among his successors is Isha Ambani, his daughter, who has recently been appointed to the Board of Directors alongside her brothers Akash Ambani and Anant Ambani.
serving as the Managing Director, Isha oversees the operations of Reliance Retail, a subsidiary valued at $100 billion (approximately Rs 8.2 lakh crore) as of August 2023, according to Forbes.
Isha Ambani’s astute business acumen has not only contributed to the organic growth of Reliance Retail but has also led to the acquisition and partnership with numerous international brands. Here are 7 popular brands under her leadership that may come as a surprise:
Tira Beauty
Launched in April 2023, Tira Beauty, an omnichannel beauty retail platform led by Isha Ambani, curates global and local beauty brands. Luxury names such as Versace, Moschino, Dolce & Gabbana, and Jimmy Choo find a place in Tira Beauty’s offerings.
Hamleys
Acquired by Reliance Brands Limited (100% stake) in 2019 for £67.96 million (approximately Rs 620 crore), Hamleys, the world’s oldest and largest toy retailer, is now part of Isha Ambani’s brand portfolio.
AJIO
AJIO, Reliance Retail’s fashion and lifestyle e-commerce platform, achieved an annual gross merchandise value of $2 billion in 2023. This success was fueled by partnerships with international brands such as GAP and the launch of AZORTE fashion stores in 2022.
Cover Story
Considered India’s first fashion brand, Cover Story, under Isha Ambani’s Reliance Retail, brings global couture to India’s high street, boasting a design studio in London.
Freshpik
Launched in 2021, Freshpik, a gourmet brand, caters to the discerning customer’s grocery needs with a range of gourmet assortments, international ingredients, fresh produce, ready-to-eat products, and more.
Netmeds
Venturing into the pharmaceutical sector, Reliance Retail acquired a 60% majority equity stake in Netmeds’ parent Vitalic for approximately Rs 620 crore in 2020. Netmeds caters to both online and offline pharmacy needs.
Eleven
In 2021, Reliance Retail partnered with the world’s No. 1 convenience store, 7-Eleven, opening its stores in India. The first store opened its doors in Mumbai. As Isha Ambani leads Reliance Retail, her twin brother Akash Ambani heads Reliance Jio, and Anant Ambani, who is soon to wed Radhika Merchant, oversees Reliance New Energy. This strategic distribution of responsibilities ensures a dynamic and innovative future for the Reliance conglomerate.
