Reliance Industries, the flagship company of Asia's richest tycoon Mukesh Ambani, is facing pressure to spin off its mature businesses through successful public floats of its telecom and retail units. The transition of control to the next generation, expected by 2028, could determine the conglomerate's hold on India's economy. While Reliance's influence has grown, its stock price has faced scrutiny, and investors want to see more value creation.