How Isha Ambani powered Reliance’s retail arm to market valuation of Rs 8.28 lakh crore

Isha Ambani, daughter of billionaire Mukesh Ambani, who hes Reliance Industries' retail arm Reliance Retail Ventures Limited (RRVL) has been instrumental in leing business as under her leership retail arm’s revenue surged 30 per cent to Rs 2,60,364 crore in financial year 2023 and its operating profit nearly doubled to Rs 17,928 crore from Rs 9,181 crore.

In succession plan announced by Ambani, Isha Ambani, 31, was appointed as non-executive director to board along with her siblings Akash Ambani and Anant Ambani.

Isha Ambani gruated from Yale University with a double major in Psychology and South Asian Studies and is also an MBA from Stanford University. She serves on visory Board of Yale Schwarzman Center, and on Board of Trustees of Smithsonian's National Museum of Asian Art, Jio MAMI, and Dia Art Foundation.

Isha Ambani's leership

Under her leership, Reliance Retail Ventures has partnered with many international brands such as Metro, GAP, Catwalk, Centro Footwear, Insight Cosmetics, Sunglass Hut, Tods, Pret a Manger, Sosyo, and Lotus chocolates. It also launched new format stores such as Smart Bazaar, Azorte, Centro, Fashion Factory and Portico.

Earlier this month, retail arm has successfully raised Rs 8,278 crore from Qatar Investment Authority (QIA) by selling 1 per cent stake valuing retail arm heed by 31-year Isha at a whopping Rs 8.28 lakh crore. 

At recently concluded annual general meeting of Reliance Industries, chairman and managing director Mukesh Ambani congratulated leership team of Reliance Retail for bettering ir own record with a spectacular performance last year. 

"Reliance Retail posted an annual revenue of Rs 2,60,364 crore in FY23, registering a year-on-year growth of 30%. We delivered an EBITDA of Rs 17,928 crore and a net profit of Rs 9,181 crore.  Reliance Retail is only Indian retailer in global Top 100, and one of fastest growing retailers in world. Over past few years, it has attracted investments from large and reputable global investment firms and sovereign wealth funds owing to its rock-solid fundamentals and compelling value proposition," Ambani said in his dress to shareholders.

“ value created by our Retail business has been immense for all our stakeholders. Here I would like to underscore Reliance’s deep commitment to India’s inclusive development by harnessing limitless intangible wealth that resides at bottom of our Social Pyramid,” Ambani said.

Isha Ambani in her dress to shareholders said that company crossed 100 transactions rising 42 per cent annually.

“FY23 has been a landmark year for our Retail Business. Our immense faith and conviction in India's retail story was amply rewarded when Reliance Retail crossed milestone of 100 crore transactions, up 42% YoY. Our stores received more than 78 crore footfalls during year. number of registered customers grew to nearly 25 crores. We are delivering value to over 30% of India’s dressable population. All this has me Reliance Retail rank among Top-10 most visited retailers in world,” she said.