Mukesh Ambani a Businessman (born on April 19, 1957 in Mumbai, India) is an Indian businessman. He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune 500 company. 4 His personal stake in Reliance Industries is 48%.5 His wealth is valued at Rs. 196000 crores(INR) (according to Forbes), making him the richest Indian in the world, the richest man in Asia as well as world's 4th richest person.6
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 holds a Bachelor of Chemical Engineering from the University of Mumbai, Department of Chemical Technology(UDCT,now ICT). He began the MBA program at Stanford Business School, but dropped out after his first year.
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 (105,000 m³/d) (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). He is about to inaugurate his second refinery in Motikhavdi, Jamnagar soon.
Mukesh Ambani set up one of the largest telecommunications companies in India in the form of Reliance Communications (formerly Reliance Infocom) Limited. However, Reliance Infocom now is under Anil Dhirubhai Ambani Group post the brothers' split. Had the two brothers not split, and Mukesh being the president, his net worth would have been around $45 billion, behind Walton family. 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 is also a member of Council on Foreign Relations7 Mukesh Ambani is now the co-chairman of Reliance Industries Limited.
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.
- 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.
- Honorary Fellow of IChemE (the Institution of Chemical Engineers)
Personal Life
Mukesh likes to visit Kruger National Park in South Africa.8The latest item in his portfolio is cricket. He owns the Mumbai Indians team. His bid of $111.9 million dollars pipped Vijay Mallya's chances of owning the team. Vijay Mallya's bid was of 111.6 million dollars.
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