Reliance Capital Chairman Anil Ambani on Tuesday introduced his sonAnmol to the company's shareholders as a newly-inducted director on the board and said he has already brought "tremendous luck" to the financial services firm. Thanking the shareholders at the company's Annual General Meeting for their "vote of confidence" in 24-year-old Anmol's appointment as an Executive Director, Ambani said his son is "part of this younger demography and will relate to the future customers, shareholders, employees as well as the other stakeholders of Reliance Capital". "Anmol has brought tremendous luck. The stock price has risen 40 per cent since his induction to the board. He has added to the value-creation for our shareholders," the chairman said of his 24-year-old eldest son. "I hope and I'm confident this 'Anmol Effect' will continue, based on the improved performance, growth and teamwork," Anil Ambani said. Reliance Capital, which runs India's third-biggest mutual fund, will pay Anmol, 24, a salary of 12 million rupees a year ($180,000) as well as perquisites and allowances, and a commission based on profit, it said in a stock exchange filing. Anmol, who holds an undergraduate degree in management.