- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Big move by Mukesh Ambani, Isha Ambani as Reliance Retial set to disrupt market by hiring people from…
Reliance Retail has hired expatriates from Europe, America, and South Asian countries to streamline operations and boost margins.
Updated : Nov 01, 2024, 04:17 PM IST
 "Big move by Mukesh Ambani, Isha Ambani as Reliance Retial set to disrupt market by hiring people from…")
TRENDING NOW
)
Redditors say Aishwarya Rai, Abhishek Bachchan's separation is 'confirmed' after she is absent from Amitabh Bachchan's..
)
Sudhanshu Pandey makes big statement on Anupamaa co-actor Rupali Ganguly's stepdaughter allegations: 'It's not good...'
)
Shweta Tiwari's wedding photos with Bigg Boss 13 contestant Vishal Aditya Singh go viral, here's the truth behind them
)
This Pakistani Influencer's private video leaked online, days after Minahil Malik and Insha Rehman's clips
)
Meet richest footballer of 2024, not Cristiano Ronaldo, Lionel Messi, his net worth is...
)
Gautam Adani's BIG Rs 16877 crore plan to take on Mukesh Ambani, set to build Mumbai's largest...
)
'Good to be back': After breaking up with Malaika Arora, Arjun Kapoor reunites with his 'partner-in-crime after ages'
)
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan tells Amitabh Bachchan: 'I hope people don't...'
)
'Kash ye Aishwarya ke liye...': Amitabh Bachchan shares early review of 'pride' Abhishek Bachchan's film, netizens react
)
Virat Kohli's tweet mistaken for 'divorce announcement' from Anushka Sharma, fans compare to AR Rahman's separation post
)
Samantha Ruth Prabhu shares inspirational poem ahead of Naga Chaitanya, Sobhita Dhulipala wedding: 'Force your heart...'
)
Model's bold dance in towel at India Gate raises eyebrows, netizens say arrest her, watch viral video
)
AR Rahman, Saira Banu to separate 29 years after marriage due to 'significant emotional strain': 'Couple has found...'
)
Meet Madhuri, Karisma's rival who rejected Shah Rukh Khan films; became star after giving 8 superhits in a year, now...
)
Meet Imsha Rehman, Pakistani TikTok star who deactivated her accounts after video leak and Minahil Malik's MMS
Under the leadership of Isha Ambani, daughter of Reliance Industries Chairman Mukesh Ambani and Executive Director of Reliance Retail, India’s largest retailer has taken the support of NRIs to streamline its operations. This initiative aims to enhance the efficiency of Reliance Retail’s grocery chain and its online fashion platform AJIO.
According to a report by the Economic Times, Reliance Retail has hired expatriates from Europe, America, and South Asian countries to streamline operations and boost margins. Additionally, these NRIs are tasked with mentoring a group of young Indian entrepreneurs to equip them for future challenges. The company aims to prepare these emerging business leaders for success in the coming years.
The report suggests that at least five chief executives, aged between 50 and 60, may take on mentorship roles as advisors or could retire in the coming years. In light of this, the company intends to replace them with young business leaders.
The report quoted a Reliance Retail executive who mentioned that 20 to 30 professionals, including both expatriates and Indian nationals, have recently been hired as consultants. Their roles focus on supply chain management, finance, operations, various product categories, inventory management, and particularly on improving profit margins.
The report states that Reliance Retail has begun developing a succession plan to replace top executives aged 50 to 60 in the near future. This decision comes at a time when the company lacks a formal retirement policy.
Positions that may soon change include the Managing Director of Reliance Retail Ventures, currently held by V. Subramaniam, the Chief Executive Officer of Grocery Retail, held by Damodar Mall, as well as the CEOs of the Electronics Retail Business, Brian Bed, and the Lifestyle and Fashion Retail Business, Akhilesh Prasad.
In addition, the CEOs of AJIO and Reliance Trends, Vineet Nair and Vipin Tyagi, may also be replaced. While it has not yet been determined when these leaders will transition to mentorship roles, Reliance Retail has initiated its succession planning, similar to other major corporations. These senior executives are actively training and grooming their successors, with support from experienced NRIs.
The DNA app is now available for download on the Google Play Store. Please download the app and share your feedback with us.
