The AGMs of Reliance Industries Limited have been always a big day for its investors eagerly awaiting to hear about the future plans of India’s largest company by market capitalisation.
But this year, the AGM witnessed a change when for the first time, Chairman Mukesh Ambani invited his children to the dais for demonstrating features of JioPhone.
In the 40th edition of the AGM, Ambani pointed out that device affordability is one the most critical problem in the telecom sector and is creating a digital divide among users. He said that even an entry level smartphone costs between Rs 3,000 to Rs 4,000 making unaffordable for feature phone users to upgrade.
While introducing the JioPhone, Ambani said ,“Today, Jio is going to reinvent conventional feature phones with a revolutionary device made in India, by young Indians and for all Indians. Let me introduce India's intelligent smartphone, presenting the Jio phone.”
Later, he invited his children Isha and Akash to give a demo of JioPhone.
The 25-year-olds are twins and lead a large contingent of professionals at Reliance Jio.
Here are some quick facts about them:
Akash Ambani
Born: 23 October 1991
Education: Graduated in Economics from Brown University, US
Profession: He serves as director on the board of Reliance Jio Infocomm and Reliance Retail Ventures
Isha Ambani
Born: 23 October 1991
Education: Graduated from Yale University with double majors in Psychology and South Asian Studies
Profession: She is a director on the board of Reliance Jio Infocomm and Reliance Retail Ventures. She had also served as a Business Analyst at McKinsey and Company in New York.
Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
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