Mukesh and Nita Ambani’s daughter, Isha Ambani has joined a North American Office of global consulting firm McKinsey & Co as a Consultant. Isha is an alumnus of Yale University where she majored in South Asian Studies and Psychology.
Many expect Isha’s stint at McKinsey to be a stepping stone for a bigger role at RIL. Sources close to the Ambani family say that Isha has a keen interest in the environment aspect of RIL. Her brother, Akash Ambani, another Ivy League Graduate (Brown University) is currently working on Mukesh Ambani’s ambitious telecom project, Reliance Jio. At the same time, the youngest son of Nita & Mukesh Ambani is studying at an Ivy League University too.
The past few years have seen Reliance Industries Limited (RIL) and Mukesh Ambani aggressively investing into businesses that are customer focused. These include RIL’s retail Chains which have been doing phenomenally well. The retail chains are focused on food, groceries, apparel and footwear, lifestyle and home improvement products, electronic goods, etc. Now, RIL is all set to launch Reliance Jio marking the return of Mukesh Ambani to the mobile industry after nearly a decade.
Consulting – A Great Ground for Learning
Consulting is one of the best industries for fresh college graduates or even MBA’s with experience because it offers some unique challenges and compels people to solve problems in a unique manner. It also offers exposure to multiple functions such as operations, finance, strategy, etc. No surprise then that some scions of India’s and indeed the world’s large business houses have a stint at a global strategy consultant’s office before continuing on in their family-built business.
NandiniPiramal, daughter of Swati and Ajay Piramal, worked with McKinsey as a business analyst before joining her family concern in 2006. Krishna Mahesh, an Harvard Business School alumnus also spent time with McKinsey before joining his family business TVS as did SubbiahVellayan and LavanyaNalli. RishadPremji, another HBS alumnus worked in the London Office of Bain & Co., part of the so-called MBB cluster (Which includes, McKinsey, Bain and Boston Consulting Group).
It is proven that children of business families learn more if they work outside family companies in their initial stages, says P Thiruvengadam, senior director, Deloitte India. “Many promoters tell us that their children pick up the dynamics of how an organisation works far better in external companies.