Mukesh Ambani’s daughter is set to take over as head of Reliance Industries’ retail division

Isha Ambani is expected to be made chairman of the Reliance conglomerate’s retail section, indicating that her father, Indian billionaire Mukesh Ambani, is moving ahead with a succession plan in one of Asia’s wealthiest families.

According to persons with knowledge of the subject who asked not to be identified ahead of a formal release, an announcement of Isha Ambani’s ascension might come as early as Wednesday. She now serves as a director of Reliance Retail Ventures Ltd.

A group spokeswoman declined to comment.

Isha Ambani’s rise follows that of her twin brother, Akash Ambani, who was named chairman of Reliance Jio Infocomm Ltd on Tuesday. Isha and Akash both worked on the teams that negotiated Meta Platforms Inc.’s investment in the group.

Isha, 30, attended Yale University and brother Anant is 27 years old.

Reliance Retail and Reliance Jio are divisions of the family’s oil-to-telecom conglomerate, Reliance Industries Ltd., which is worth $217 billion.