Mukesh Ambani

Born: April 19, 1957 Achievement: Chairman and Managing Director of Reliance Industries Limited, India’s largest private sector company; Chosen as ET Business Leader of the Year 2006; Ranked 42nd among the World’s Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by PricewaterhouseCoopers and published in Financial Times, London, November 2004. Mukesh Ambani is the face of new emerging India. He is the Chairman and Managing Director of Reliance Industries Limited, India’s largest private sector company. Mukesh Ambani was born on April 19, 1957 in Mumbai. His father Dhirubhai Ambani was then a small businessman who later on rose to become one of the legends of Indian industry. Mukesh Ambani did his Bachelors in Chemical Engineering from University of Bombay and Masters in Business Administration from Stanford University, USA. Mukesh Ambani joined Reliance in 1981 and was the brain behind Reliance’s backward integration from textiles into polyester fibres and further into petrochemicals. During the process of backward integration, Mukesh Ambani led the creation of 51 new, world-class manufacturing facilities involving diverse technologies that raised Reliance’s manufacturing capacities manifold. World’s largest grassroots petroleum refinery at Jamnagar is the brainchild of Mukesh Ambani. He was also the incharge of Dhirubhai’s dream project Reliance Infocomm. But after the split in the Reliance Empire, Reliance Infocomm went to his brother Anil Ambani. Mukesh Ambani is now planning to enter retail sector in a big way. He has plans to establish big retail stores all over the country. Recently, he also entered into an agreement with Haryana Government to establish a Special Economic Zone (SEZ) with an investment running into thousands of crores. Mukesh Ambani has many achievements and honours to his name. Mukesh Ambani was chosen as the ET Business leader of the Year 2006. He was ranked 42nd among the World’s Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by PricewaterhouseCoopers and published in Financial Times, London, November 2004. He was conferred the World Communication Award for the Most Influential Person in Telecommunications in 2004 by Total Telecom, October, 2004. Mukesh Ambani was also conferred the Asia Society Leadership Award by the Asia Society, Washington D.C.,

Biography

mukesh ambani

The elder son of Legendary business leader late Dhirubhai Ambani, he has played a pivotal role in taking Reliance Industries Limited to zenith of success in his illustrious career. Despite the steep competition from rival tycoons like Tatas and Birlas and allegations of business malpractice, Mukesh Ambani continues his success in various spheres of business.

amabni reliance

Along with the tremendous growth of his Fortune Global 500 company, Mukesh Ambani has often hogged headlines for his lavish lifestyle and diversification into other industries. Located in South Mumbai, his skyscraper home Antilia has been rated as the world’s costliest residential property by prestigious Forbes Magazine. He held the position of the richest Indian for 6 years.

Mukesh Dhirubhai Ambani with Narendhra Modi

Mukesh Ambani with Narendra Modi

Early Life

ambani early career

Mukesh Ambani was born on April 19th 1957 to Indian Business Legend Dhirubhai Ambani and his wife Kokilaben Ambani. He has three siblings, one younger brother, Anil AMbani and two sisters, Deepti Salgaocar and Nina Kothari.

The family lived in a modest two bedroom apartment till the late 1970s in Bhuleshwar, Mumbai.

Education

ambani education

Mukesh attended the Hill Grange High School at Peddar Road in Mumbai where he was a classmate of Anand Jain, who is his close associate now. His brother also attended the same school as him.

After completing his high school in Mumbai he got a BE Degree in Chemical Engineering from Institute of Chemical technology at Matunga. He also started his MBA in Stanford University but he had to discontinue his studies to assist his father in the family startup company, Reliance, which was growing fast at the time.

Beginning

ambani career begining

After joining the business, Mukesh Ambani played a pivotal role in growing the business legacy and diversified into new sectors. Under his leadership, Reliance Industries made a foray into sectors like petroleum refining, petrochemicals and gas exploration. He also set up Reliance Infocomm Limited (presently Reliance Communications Limited).

Career

ambani career

In 2010, Mukesh Ambani set up the biggest grassroots petroleum refinery plant in Jamnagar. With his initiative, manufacturing capacity of Reliance’s Petrochemicals has grown substantially as per industry sources. The company has also become a leading player in the retail sector, under his leadership and endeavors.

ambani with ambani

In his successful and enviable business career, Mukesh Ambani has gone through some turbulent times, too. His rift with sibling Anil Ambani, another business tycoon and chairman of Reliance ADA Group, hogged media attention post the demise of their father. In recent times, the NDA government slammed a $579million fine on RIL for gas production shortfall.

mukesh ambani

Mukesh Ambani faced hurdles in the form of business malpractice allegations too. His detractors, including AAP founder Arvind Kejriwal accused him of interfering in the governance of the country. RIL as well as Mukesh Ambani himself have denied the allegations strongly. The company has also resorted to legal actions over the controversy.

ambani jio

The numerous acquisitions made by RIL, the acknowledgement from leading business entities, and his firm hold on the throne of India’s richest person has not made Mukesh Ambani complacent. Reliance Jio Infocomm, his telecom arm is all set to roll out 4G services in alliance with his sibling Anil Ambani’s company.

” Essentially, whoever is successful, whoever is going to do things that make a difference, is going to be talked about.” – Mukesh Dhirubhai Ambani

Mukesh Ambani announced a few months back that Reliance Jio Infocomm will launch 4G services in commercial capacity in 2015, incurring a whopping 70,000 crore investment in India. It will use the pan-India BWA spectrum for the 4G service rollout, which will cover almost 90 per cent of urban regions and more than 215,000 villages. It is being deemed as an aggressive move by industry analysts at a time when telecom companies are vying for 4G dominance.

Family and Personal Life

ambani family

Mukesh Ambani is married to Nita Ambani and they have three children. Two sons, Akash and anant and  a daughter Isha. He lives with his family in Mumbai in an apartment of a private 27 storey building named Antilia.

His residence is known to be one of the most expensive residential places ever built in the world. It is currently valued at over $ 1 billion.

Awards

2013
Millennium Business Leader of the Decade
2010
awards

Global Leadership, The Business Leader of the Year, Global Vision, Business Leader of the Year, Businessman of the Year
2000
Ernst and Young Entrepreneur of the Year
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