This year marks tremendous change for Mukesh Ambani, his wife Nita and their three children – Akash, Isha and Anant . That’s according to the billionaire himself, who at a Reliance Family Day meeting held in late December 2021 spoke for the first time about the succession plans for the family company. He said the younger generation of leaders at Reliance was now ready to take on bigger leadership roles at the company, and that the process would be accelerated in 2022. Business Standard reports that the clear direction of wealth transfer and business responsibilities is a strategic move on the part of Mukesh, who was himself embroiled in a inheritance feud with his brother Anil after his father Dhirubhai died in 2002. Dhirubhai did not leave a will and this resulted in a feud between his two sons that lasted for many years. In a move to avoid this, Bloomberg reports Reliance Industries Ltd could be put under the control of a trust-like structure with the family on its board. In the meantime, change is coming and soon Akash, Isha and Anant could be leading the way at helm of the US$217 billion empire. The 4 biggest Ambani family revelations of 2021 Leadership transition “speed-up” In his speech, Mukesh, who leads as the chairman and managing director of the company, said the leadership transition needed to be accelerated. He said this included him yielding power to the younger generation. It’s the first time he has publicly spoken about succession plans, saying Reliance was in “the process of effecting a momentous leadership transition”, according to a transcript published by CNBC. The 64-year-old businessman also added that big dreams and goals are all about getting the right people in the job. He said seniors such as himself would be passing these goals onto the next generation of young leaders. Providing guidance Although no details were given on the timeline of the changes, Mukesh assured stakeholders that the seniors, including himself, should “now yield” to the committed and promising young talent at the company. He urged senior members of staff to “guide them, enable them, encourage them and empower them”. He said with this guidance, senior staff would be able to sit back and watch as the younger generation becomes more successful than their predecessors. Why did Mukesh Ambani spend US$120,000 on two olive trees? The Ambani children Reliance is a family business and it’s no surprise that Mukesh and Nita’s children, Akash, Isha and Anant, would play a key role in the leadership transition at the company. Mukesh mentioned them by name, saying he was confident the three heirs, along with the next generation of leaders, would lead Reliance to even more success. He commented on their commitment to the family business and likened their spark and potential to his father Dhirubhai, who started the company. He appealed to stakeholders to support the three children in their efforts to make Reliance more successful with “transformative initiatives”. Akash, Isha and Anant have key positions at Reliance, with Akash and Isha notably having played a part in key business deals. The twins are said to have played a major role in the billion-dollar deal between Jio , the telecommunications arm of Reliance, and Facebook in 2020. In July 2021, Reliance announced that Anant, the youngest child of Mukesh and Nita , had been appointed a director of Reliance New Energy Solar and Reliance New Solar Energy – companies created to be part of Reliance Industries clean energy push, reports Economic Times. The move cemented the trio’s involvement in the family business and also sent a clear signal that the reigns of Reliance Industries would remain firmly in control of the Ambani family. Want more stories like this? Follow STYLE on Facebook , Instagram , YouTube and Twitter .