Introducing son Anmol as a new director on Reliance Capital's board, Chairman Anil Ambani said he has brought "tremendous luck" with a 40 per cent surge in share price since his induction and hoped that the 'Anmol Effect' will continue further.

Anil Ambani: Anmol Ambani Is Lucky Charm For Reliance Capital

Introducing son Anmol as a new director on Reliance Capital's board, Chairman Anil Ambani said he has brought "tremendous luck" with a 40 per cent surge in share price since his induction

Anil Ambani and his son Jai Anmol Ambani

Thanking the shareholders at the company's Annual General Meeting for their "vote of confidence" 

Anil Ambani greeting people during the Reliance capital AGM

Noting that half of India's population is under the age of 30 years, he said the average age of Reliance Capital employees is 34 years. 

Chairman Reliance infrastructure Anil Ambani and his son Jai Anmol Ambani

"Anmol has brought tremendous luck as the stock price rose by 40 per cent since his induction in the board and has added to the value creation for our shareholders.

Chairman Reliance infrastructure Anil Ambani alongwith his wife Tina Ambani

I hope and I am confident that the 'Anmol Effect' will continue, based on the improved performance, growth and teamwork," the Chairman said.

Anil Ambani alongwith his wife Tina Ambani and son Jai Anmol Ambani

Anmol, who has a degree from Warwick Business School in the UK, joined the board of Reliance Capital as an additional director a little over one month ago on August 23 after two years of training at the company.