Mukesh Ambani’s flagship conglomerate, Reliance Industries, faces a crucial juncture as it navigates its transition to the next generation of leadership. With his children joining the board and a planned leadership shift by 2028, successful initial public offerings (IPOs) of its mature businesses, such as telecom and retail, are vital. The conglomerate has significantly expanded its presence in India’s economy, but investors are looking for increased share value. Despite ambitious plans for renewable energy and other ventures, concerns arise over whether these ventures can deliver the expected value and whether the younger generation can match Mukesh Ambani’s track record. The focus on leadership succession must be coupled with timely and profitable IPOs to secure Reliance Industries’ future.s annual general meeting Monday, the 66-year-old announced that his three children would be joining the board