Mukesh Ambani: Difference between revisions

Mukesh Ambani
Mukesh Ambani
Born	Colony of Aden, Yemen
Occupation(s)	Chairman, Managing Director of Reliance Industries
Spouse	Nita Ambani

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Revision as of 20:14, 26 June 2008

Mukesh Ambani (born April 19, 1957 in Yemen) is an Indian businessman and the world's fifth richest man, with a net worth of approximately $43 billion. He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune 500 company. ^[2] His personal stake in Reliance Industries is 48%.^[3] His wealth is valued at US$43 billion (according to Forbes). ^[4]

Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani. Mukesh also owns the Indian Premier League team Mumbai Indians.

Education

Mukesh Ambani was educated at Hill Grange High School in Mumbai and completed his graduation with a bachelor's degree in chemical engineering from the University Department of Chemical Technology (UDCT), Mumbai (now known as Mumbai University Institute of Chemical Technology). He later pursued an MBA from Stanford University but dropped out after his first year.^[5]

Career

Mukesh Ambani joined Reliance in 1981 and initiated Reliance's backward integration from textiles into polyester fibres and further into petrochemicals. In this process, he directed the creation of 60 new, world-class manufacturing facilities involving diverse technologies that have raised Reliance's manufacturing capacities from less than a million tonnes to twelve million tonnes per year.

He directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, Gujarat, India, with a present capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure, at an investment of Rs 100000 crore (nearly $26 billion USD).

Mukesh Ambani set up one of the largest telecommunications companies in India in the form of Reliance Communications (formerly Reliance Infocomm) Limited. However, Reliance Infocom now is under Anil Dhirubhai Ambani Group post the brothers' split. Under Ambani's leadership, Reliance has entered retail business through its wholly owned subsidiary Reliance Retail.

Under him Reliance Retail has also launched a new chain called Delight stores and also signed a letter of intent with NOVA Chemicals to make energy-efficient structures for Reliance Retail.

Ambani owns the Indian Premier League team Mumbai Indians. He has also set up the Dhirubhai Ambani International School in Mumbai.

Family

Mukesh Ambani is son of one of the most prominent businessmen in India, the late Dhirubhai Ambani, an Indian entrepreneur and founder of Reliance Industries.

His brother Anil Ambani heads Reliance Anil Dhirubhai Ambani Group with interests in telecom, power, natural resources, infrastructure and financial services. The Ambani brothers had a well-publicized spat after their father's death, which led to the Reliance Group being split between the two.

Mukesh Ambani is married to Nita Ambani, who looks after the social and charitable arm of Reliance Industries. They have three children: Akash, Isha and Anant.

Mukesh Ambani is currently building the world's most expensive home (valued at $2 billion). This will be a 27-story skyscraper in downtown Mumbai. It may be called Antilia.

His family belongs to Modh Bania, a trading community in Gujarat, a coastal province of India.

Achievements

Chosen the businessman of the year 2007 by a public poll in India conducted by NDTV
Conferred the United States-India Business Council (USIBC) leadership award for "Global Vision" 2007 in Washington.

Ranked 42nd among the World's Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by Pricewaterhouse Coopers and published in Financial Times, London, November 2004.

Conferred the World Communication Award for the Most Influential Person in Telecommunications in 2004 by Total Telecom, October, 2004.

Chosen Telecom Man of the Year 2004 by Voice and Data magazine, September 2004.

Ranked 13th in Asia's Power 25 list of The Most Powerful People in Business published by Fortune magazine, August 2004.

Conferred the Asia Society Leadership Award by the Asia Society, Washington D.C., USA, May 2004.

Ranked No.1 for the second consecutive year, in The Power List 2004 published by India Today, March 2004.

Recorded as the first Trillionaire in India, June 2007.

Awarded the "Chitralekha Person of the Year Award -- 2007" by Gujarat Chief Minister Narendra Modi

References

^ The World's Billionaires - Forbes Magazine
^ FORTUNE Global 500 2006: Countries
^ "The World's Billionaires". Forbes. 2007-03-08. Retrieved 2007-03-09. Year 2007 .
^ "The World's Billionaires". Forbes. 2008-03-05. Retrieved 2008-05-14. Year 2008
^ "Is MDA really an MBA". Telhelka. 2005-01-01. Retrieved 2008-05-14.

[1] The World's Billionaires - Forbes Magazine

[2] FORTUNE Global 500 2006: Countries

[3] "The World's Billionaires". Forbes. 2007-03-08. Retrieved 2007-03-09. Year 2007 .

[4] "The World's Billionaires". Forbes. 2008-03-05. Retrieved 2008-05-14. Year 2008

[5] "Is MDA really an MBA". Telhelka. 2005-01-01. Retrieved 2008-05-14.

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@@ Line 37: / Line 37: @@
 Mukesh Ambani is married to Nita Ambani, who looks after the social and charitable arm of Reliance Industries. They have three children: Akash, Isha and Anant.
-Mukesh Ambani is currently building the world's most expensive home (valued at nearly $1 billion). This will be a 27-story skyscraper in downtown [[Mumbai]]. It may be called [[Antilia (building)|Antilia]].
+Mukesh Ambani is currently building the world's most expensive home (valued at $2 billion). This will be a 27-story skyscraper in downtown [[Mumbai]]. It may be called [[Antilia (building)|Antilia]].
 His family belongs to [[Modh|Modh Bania]], a trading community in Gujarat, a coastal province of India.