Akash Ambani, during the Pepsi IPL-2014 player auctions, in Bangalore (TOI Photo)

Nita Ambani (R) with daughter Isha (L)

MUMBAI: Reliance Industries Limited (RIL) chairman Mukesh Ambani 's twins, son Akash and daughter Isha, were on Saturday inducted into the boards of Reliance Retail and Reliance Jio Infocomm as directors at a board meeting of the two firms.Both firms valued over Rs 75,000 crores are seen as the next big revenue drivers for RIL, as its revenues from its upstream business have fallen and its entry into developing SEZs has failed to take off. RIL still drives most of its revenues from its core refinery and petrochemicals businesses.Mukesh Ambani's wife, Nita Ambani , was inducted into RIL's board earlier this year. Isha graduated from Yale with double majors in psychology and South Asian Studies. Akash graduated from Brown University with major in economics and is closely involved in the development of products and digital services applications in Reliance Jio.Analysts’ tracking the company see the inductions as a precursor for both to be inducted into RIL board in the future as both companies worth over Rs 75,000 crore are almost fully owned by RIL.“Analysts, including media and others, were vocal when Rohan Murthy, a Harvard graduate, was retained on a token salary of Re 1 to assist his father, NR Narayan Murthy, but since then have remained quiet in case of induction of other next gen in dynasty-run businesses. I see it as sign of succession planning at India's largest private firm but it is to be still seen if they are capable of running it,” investment advisor S P Tulsian told TOI.“Next Gen is imperative in family-run businesses in India Inc. There are two dozen such examples,” said Tulsian citing examples of Mafatlal Group, Modi Group and Yash Birla Group to name a few.Reliance Group chairman Anil Ambani is also grooming his son, Jai Anmol, to join his business and is working with Reliance Capital CEO Sam Ghosh.Isha was a business analyst at McKinsey & Company's New York office before being inducted in RIL group firms’ board.Among others, Gautam Adani's son, Karan, who got married last year, is helping shape Mundra into a leading global port operator.Suzlon Group chairman Tulsi Tanti's son, Pranav is working to improve the group's finances for a turnaround in 2015. Similarly, Vedanta Group chairman Anil Agarwal's son, Agnivesh, who is based in Dubai, is taking care of the metals trading business. His daughter, Priya, is a non-executive director at Cairn India and handles CSR and branding activities.RPG Group chairman Harsh Goenka's son, Anant Goenka, became the managing director of CEAT Ltd at 30. But HCL promoter Shiv Nadar's daughter, Roshni, is stepping out of her father's shadow to make a foray into the healthcare business.