Mukesh Ambani
Mukesh Dhirubhai Ambani was born on April 19, 1957. He is an Indian businessman, chairman, managing director, and largest shareholder of Reliance Industries Ltd., the Fortune Global 500 company, and the most valued company in India by its market value. According to Forbes Magazine, as of March 2019, he is the richest Asian in the world and the 13th richest person in the world.
Mukesh Ambani was born in Aden, Yemen. He graduated from the Institute of Chemical Technology in the early 1970s with a degree in Chemical Engineering.
He is the only Indian entrepreneur on Forbes' list of the most powerful people in the world. As of January 2018, Forbes ranked Mukesh Ambani as the 18th richest person in the world. He became the richest man in Asia in July 2018 with a net worth of. 44.3 billion, behind Jack Ma, the executive chairman of Alibaba Group.
| Mukesh Dhirubhai Ambani | |
|---|---|
 Biography of Mukesh Ambani | |
| Birth | April 19, 1957 Aden |
| Location | Mumbai, India |
| Nationality | Indian |
| Race | Gujarati Baniya |
| Education | The University of Mumbai (Bachelor of Chemical Engineering in Stanford University (Master of Business Management - Exit) |
| Mission | Chairman, Managing Director - Reliance Companies |
| Property value | $ 270 million (2009) |
| Religion | Hindu |
| Life partner | Nita Ambani |
| Children | Isha Anand and Akash |
In 1981, Mukesh started working with his father Dhirubhai Ambani in his family business, Reliance, Reliance. Reliance Industries Ltd. mainly deals in refining, petrochemicals, and oil and gas. Reliance Retail Limited is the largest retailer in India.
Businesses have expanded over the years to provide products and services such as retail markets and telecommunications. Reliance's Geo has been ranked fifth in the country's telecom services since its public launch on September 5, 2016.
As of 2016, Ambani was ranked 38th and has been ranked as the richest person in India by Forbes Magazine for the last ten years.
He is also the richest man in the world outside of North America and Europe. According to China's Hurun Research Institute, by 2015, Ambani is the fifth most philanthropic person in India. He was appointed Director of Bank of America.
Through Reliance, he is also the owner of the Indian Premier League franchise Mumbai Indians team and the founder of the Indian Super League, the football league in India.
In 2012, Forbes named him the richest sports owner in the world. They live in the Antilia Building, one of the most expensive private homes in the world, valued at up to $ 1 billion.
Early life and Education Mukesh Ambani
Mukesh Dhirubhai Ambani was born on 19 April 1957 in Aden, Yemen. His parents are Dhirubhai Ambani and Kokilaben Ambani. He has three siblings, a younger brother Anil Ambani and two sisters Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaonkar. After his father decided to return to India in 1958, Mukesh lived in Yemen for a short time. He then migrated with his family from Yemen to India. The Ambani family was humble.
Mukesh's early life in India started a little difficult for Ambani as he lived in a communal society, used public transport, and never received an allowance. Dhirubhai bought a 14-story apartment block called 'Sea Wind' in Colaba, where Mukesh and Anil lived with their families on different floors. Mahendarbhai took good care of Mukesh and his siblings as a child and took care of them.
Mukesh was playing all kinds of sports like football and hockey. They enjoyed visiting the villages. Mukesh explored different parts of Mumbai, his name have now changed. All this is under the supervision of Mahendranbhai. Dhirubhai was very concerned about Mukesh's grade.
Mukesh with his brother at Pedder Road, MumbaiAttended Hill Grange High School here. Anand Jain was his close associate. He holds a BE degree in Chemical Engineering from Chemical Technology (UDCT), Matunga. Mukesh later applied for an MBA from Stanford University but withdrew in 1980 to help form Reliance, a small but fast-growing institution at the time.
Dhirubhai believed that real-life skills experience does not sit well in the classroom. He brought Mukesh back to India from Stanford to run his company's metal production project.
In Mukesh's college years, William F. It had an impact on professors like Sharp and Man Mohan Sharma.
Mukesh Ambani completed his primary education at the Abe Moricha School in Mumbai and his degree in Chemical Engineering at UTCD, now known as the Institute of Chemical Technology, Mumbai. He finished sixth in the university exam. Mukesh then enrolled at the University of Stanford or Stanford University for a two-year program called an MBA but dropped out in 1980 after completing one year.
Indira Gandhi's administration encouraged the private sector to produce PFY (polyester yarn) in the early 1980s.
Dhirubhai Ambani had applied for a license to set up a plant to produce polyester yarn (PFY). Dhirubhai Ambani was licensed among Tata, Birla, and 43 other competitors. Dhirubhai dropped off his eldest son, Mukesh, to drop out of his MBA at the University of Stanford to help build a polyester fiber production (PFY) plant.
Mukesh Ambani dropped out halfway through his studies to help his father and start polyester yarns and the petrochemicals industry started in 1981 from Reliance's integrated weaving industry.
Personal life of Mukesh Ambani
Mukesh married Nita Ambani in 1985. They have two sons and one daughter. Eldest son Ananta Ambani and youngest son Akash Ambani are the heads of the strategic division of Reliance Geo Infocomm. Daughter Isha Ambani is a board member of Geo and Reliance Retail. They live in a private 26-story building "Antilia" in Mumbai. The house is valued at 1 billion and is cited as one of the most expensive homes ever built.
In an interview with Rajdeep Sardesai in March 2016, Mukesh said that his favorite food is Idli Sambar and his favorite restaurant is Mysore Cafe in King Circle, Mumbai. From 1963 to 1966, when he was a student of UDC, Mukesh used to go to Mysore cafe to eat regularly.
Mukesh lives with his wife Nita Ambani's children Anant, Akash, and Esha in a 27-story privately built bungalow Antilia in Mumbai, one of the most expensive in the world. The bungalow is worth $ 1 billion. It has been said to be the most expensive house in history.
Ambani's 27-storey, 400,000-square-foot home is named after a legendary island in the Antilia Atlantic. Antilia is designed by Perkins +architects based in Chicago. Australia-based construction company Leighton Holdings began construction. The Richter scale has the potential to prevent an earthquake. The site where the building was built was dedicated to the construction of an orphanage and is said to have been illegally acquired by Ambani.
At the end of the financial year ended March 31, 2012, Mukesh decided to relinquish his annual salary of Rs 240 million as the head of Reliance Industries Limited. He remained steadfast in his decision despite an increase in the total remuneration of senior Reliance executives in that financial year. As a result, his salary remained at Rs 150 million for the fourth year in a row.
Wealth and Prestige of Mukesh Ambani
He is the eldest son of Dhirubhai Ambani and Kokilaben Ambani and elder brother of Anil Ambani. Through Reliance, he owns the Indian Premier League team Mumbai Indians.
In 2012, Forbes named him the owner of the richest sports team.
He lives in the world's most expensive private home anti lie. The house is valued at about 1 billion. According to a study by the Hurun Research Institute in China, in 2015, Ambani was ranked fifth among Indian philanthropists.
In 2016, he was ranked 36th on Forbes Magazine's list of the world's most powerful people, making him the only Indian to do so.
The career of Mukesh Ambani
He joined Reliance Industries in 1981. He is journey began in the production of polyester fibers from Reliance's initial integrated weaving business and further expanded into petrochemical, petroleum refining, and oil and gas research.
Ambani founded Reliance Infocomm Limited (now Reliance Communications Ltd.), the world's largest and most diverse communications and technology venture.
The world's largest underground petroleum refinery is located in Jamnagar, India. Its current refining capacity is 660,000 barrels per day (33 million tons per year) and Ambani is the operator and facilitator of the management of the integrated petrochemical, power generation, port, and related infrastructure and infrastructure.
Timeline of Mukesh Ambani
The 1980s – 1990s
In 1980, the Indian government under Indira Gandhi opened PFY (polyester filament yarn) manufacturing to the private sector. Dhirubhai Ambani applied for a license to set up a PFY manufacturing plant. Obtaining the license was a long-drawn-out process requiring a strong connection within the bureaucracy system because the government, at the time, was restricting large-scale manufacturing, making the importation of yarn for the textiles impossible. Despite stiff competition from Tatas, Birlas, and 43 others, Dhirubhai was awarded the license, more commonly addressed as License Raj.
To help him build the PFY plant, Dhirubhai pulled his eldest son out of Stanford, where he was studying for his MBA, to work with him in the company. Ambani did not return to his university program, leading to Reliance's backward integration, where companies own their suppliers to generate more revenue and improve efficiency, in 1981 from textiles into polyester fibers and further into petrochemicals, which the yarns were made from. After joining the company, he reported daily to Rasikbhai Meswani, then executive director.
The company was being built from scratch with the principle of everybody contributing to the business and not being heavily dependent on selected individuals. Dhirubhai treated him as a business partner allowing him the freedom to contribute even with little experience.
This principle came into play after Rasikbhai's death in 1985 along with Dhirubhai suffering a stroke in 1986 when all the responsibility shifted to Ambani and his brother. Mukesh Ambani set up Reliance Infocomm Limited (now Reliance Communications Limited), which was focused on information and communications technology initiatives.
At the age of 24, Ambani was given charge of the construction of the Patalganga petrochemical plant when the company was heavily investing in oil refineries and petrochemicals.
The 2000s – Present
On 6 July 2002, Mukesh's father died after suffering a second stroke, which elevated tensions between the brothers as Dhirubhai had not left a will for the distribution of the empire in 2004. Their mother intervened to stop the feud, splitting the company into two, Ambani receiving control of Reliance Industries Limited and Indian Petrochemicals Corporation Limited, which was later approved by the Bombay High Court in December 2005.
Ambani directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, India, which could produce 660,000 barrels per day (33 million tonnes per year) in 2010, integrated with petrochemicals, power generation, port, and related infrastructure.
In December 2013 Ambani announced, at the Progressive Punjab Summit in Mohali, the possibility of a "collaborative venture" with Bharti Airtel in setting up digital infrastructure for the 4G network in India.
On 18 June 2014, Mukesh Ambani, while addressing the 40th AGM of Reliance Industries, said he will invest Rs 1.8 trillion (short scale) across businesses in the next three years and launch 4G broadband services in 2015.
In February 2016, Ambani-led Jio launched its own 4G smartphone brand named LYF.
In June 2016, it was India's third-largest-selling mobile phone brand. The release of the service Reliance Jio Infocomm Limited, commonly known as Jio, in September 2016 was a success, and Reliance's shares increased.
During the 40th annual general meeting of RIL, he announced bonus shares in the ratio of 1:1 which is the country's largest bonus issue in India and announced the Jio Phone at an effective price of ₹0. As of February 2018, Bloomberg's "Robin Hood Index" estimated that Ambani's personal wealth was enough to fund the operations of the Indian federal government for 20 days.
In February 2014, a First Information Report (FIR) alleging criminal offenses was filed against Mukesh Ambani for alleged irregularities in the pricing of natural gas from the KG basin. Arvind Kejriwal, who had a short stint as Delhi's chief minister and had ordered the FIR, has accused various political parties of being silent on the gas price issue.
Kejriwal has asked both Rahul Gandhi and Narendra Modi to clear their stand on the gas pricing issue. Kejriwal has alleged that the Centre allowed the price of gas to be inflated to eight dollars a unit though Mukesh Ambani's company spends only one dollar to produce a unit, which meant a loss of Rs. 540 billion to the country annually.
Awards and Glory Won by Mukesh Ambani
| Annual Award or Honor | Name of award or title | Award presentation system |
|---|---|---|
| 2010 | Global Vision Award at the main party | Asia Welfare Foundation |
| 2010 | Best Business Leader of the Year | NDTV India |
| 2010 | Entrepreneur of the Year Award | Financial Chronicle |
| 2010 | Juran Quality Medal for 2009 | Chamber of Commerce of India (IMC) |
| 2010 | Medal of the School President of the University of Engineering and Applied Sciences | The University of Pennsylvania. |
| 2007 | President of the American Indian Chamber of Commerce Award | American Indian Business Advisory Board. |
| 2007 | This year's Chithralekha Person Award | Government of Gujarat. |
| 2004 | World Communication Award | Total telecommunications. |
- Selected as the 5th Best CEO in the Top 50 World CEOs in the Harvard Business Review.
- He is the only Indian on the United Nations MDG Advisory Council.
- He was re-elected for a second term in 2010 as Vice President of the Business Development Advisory Board (WBCSD).
