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Nita Ambani joins RIL board

Nita Ambani joins RIL board

India Blooms News Service | 18 Jun 2014, 10:34 pm
Mumbai, June 18 (IBNS) Shareholders of Reliance Industries Limited (RIL) approved the appointment of Nita M. Ambani, Chairperson of Reliance Foundation (RF), as Director on the Board of Reliance Industries Limited in the AGM held on Wednesday.

Welcoming Nita Ambani 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 Reliance’s journey of growth.”

In her acceptance statement, Nita Ambani said she took the position with a sense of humility and responsibility.

“RIL has always aimed to better millions of lives and my mission will be to bring speed, scale and social contract to RIL’s larger mission. I accept this responsibility as a tribute to millions of RIL stakeholders, as well as to my tireless colleagues at Reliance Foundation," she said.

Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with a turnover of INR 401,302 crore (US$ 67.0 billion), cash profit of INR 30,795 crore (US$ 5.1 billion) and net profit of INR 21,984 crore (US$ 3.7 billion) as of March 31, 2014.

Nita Ambani joins RIL board

India Blooms News Service
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