Mukesh Ambani Steps Down from RJIL Board - Akash Ambani New Chairman.

In a filing to both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), Reliance Jio Infocomm (RJIL) Limited announced that the RJIL Board on 27th June had approved the reconstitution of the Board. 

While Mukesh Ambani, the current Chairman, stepped down, the Board approved the appointment of Mr Akash M. Ambani as the Chairman of the Board of Directors of the Company. 

The Board also approved the appointments of Mr Raminder Singh Gujral and Mr K.V. Chowdary as additional directors of the Company designated as Independent Directors for a period of five years, subject to approval of shareholders.

Additionally, Mr Pankaj Mohan Pawar has been appointed as the Managing Director (MD) of RJIL for a period of five years. Mr Pawar has been associated with the RIL group for over 23 years in different capacities heading the Regulatory and the Business operations of the technology, mobility and Retail arms of the company. He has been an integral part of the core team that steered the successful launch of RJIL's data services in 2016 and subsequently went on to become one of the largest mobile operators by subscribers by 2021 -- a record. 

Pankaj Pawar brings invaluable experience in the telecoms sector. He was a part of the first team in RIL that had set up the Reliance Infocomm CDMA-based mobile networks in 2000. He successfully steered the introduction and launch of the Monsoon Hungama tariff offer which changed the shape of mobile services in the country forever. The DAPO offer of July 2003 is now a case study in many international business schools. The latest change marks the beginning of a fresh era for RJIL and the RIL group as a whole.