The Reserve Bank of India gave approval to three names as directors of Jio Financial Services including Isha Ambani, Anshuman Thakur, and Hitesh Kumar Sethia on 15 November 2023. The RBI also released the statement that the company must implement the proposal within a timeframe of six months. 

Jio Financial Services

The company’s board of directors made the decision regarding appointing a new director on 7 July 2023. Isha Ambani and Anshuman Thakur were recommended for the positions of non-executive directors. The approval of Jio Financial Services and RBI was also required for this directorial appointment. Let’s read about the varied business experience that Anshuman Thakur and Hitesh Kumar Sethia possess.  

Who is Anshuman Thakur?

Anshuman Thakur, with a background in Economics and an MBA from IIM Ahmedabad, has 24 years of experience in corporate strategy and investment banking. Presently, serving as the Senior Vice President at Jio Platforms Limited, he oversees the company’s strategy and planning. 

Prior to joining Reliance Group in 2014, Anshuman Thakur gained valuable experience at Ernst & Young, Arthur Andersen, and Morgan Stanley. As a newly appointed director, he will collaborate with Isha Ambani, daughter of Mukesh Ambani, in his role. 

Who is Hitesh Sethia?

Hitesh Sethia is an alumnus of Harvard Business School. He has over 20 years of experience as a financial services executive. His extensive career spans Europe, Asia, and North America, with a significant tenure at ICICI Bank. 

Hitesh Sethia specializes in strategy formulation, market development, compliance, risk management, and team building. He has worked in countries like Canada, Germany, UK, and Hong Kong. Mukesh Ambani’s company had approved Hitesh Sethia’s appointment as MD and CEO of RSIL, which will remain effective for a term of three years.