Mukesh Ambani's INR 240,000 crore company hires new CEO
Reliance founder finally finds a Harvard alumnus to run the show
Mukesh Ambani’s Jio Financial Services has appointed a new CEO and MD by the name of Hitesh Kumar Sethia after approval from the Union Ministry of Corporate Affairs.
Mukesh Ambani’s company has a market cap of INR 240,000 crore as of April 30 after being listed in August 2023, according to DNA.
From November 15, 2023, Sethia’s appointment was effective. It is valid for three years, as per a regulatory filing by JFS.
The board of directors of Reliance Industries appointed Sethia as MD and CEO of its Reliance Strategic Investments Limited (RSIL) in July last year. It has now been renamed as Jio Financial Services.
With over 20 years of experience, he is a certified chartered accountant (CA) and financial services executive.
Sethia is a Harvard alumnus and his career was mostly spent at ICICI Bank. He completed an Advanced Management Program from Harvard Business School Executive Education. Moreover, he has worked across Europe, Asia (India and Greater China) and North America.
-
‘Sure, there’s a reason’: Epstein survivor reacts to Melania Trump’s surprise White House address -
US trade court reviews legality of Trump’s 10% global tariff -
Japan protests New Zealand ‘comfort women’ statue, warns of diplomatic fallout -
Sobeys cheese recall: multiple products pulled due to possible listeria contamination -
USPS stamp price hike proposed as first-class mail could rise to 82 cents amid financial crisis -
Snowbirds continue Florida trips despite travel shift as others avoid US amid economic tensions -
Detection dog at Toronto airport uncovers large stash of undeclared meat in passenger luggage -
Doug Ford says he will work with any federal government, as Liberals near majority
-
Candace Owens targeted as Trump attacks former allies over Iran war -
Artemis II splashdown time set as NASA prepares for high-speed return and recovery mission
-
Melania Trump denies Epstein ties, says contact with him and Ghislaine Maxwell was only ‘casual’
-
Abbas Araghchi says US would be 'dumb' to let Israel undermine ceasefire amid Lebanon violence
