The Other Name for Reliance
The managing director of the flagship Indian corporate Reliance Industries Limited, Mukesh Ambani, is the largest shareholder of RIL. The elder son of Dhirubhai Ambani, he dropped out of his MBA course at Stanford University to help his father in the family business. Reliance at that time was small but a rapidly growing enterprise.
Mukesh joined Reliance in 1981. He was assigned the backward integration journey of the already existing textiles business to the polyester fibres by his father. Later, he started Reliance Infocomm Limited (now Reliance Communications Limited) which focused on information and communications technology initiatives. He also directed and led the creation of the world’s largest greenfield petroleum refinery at Jamnagar in India. The refinery had the capacity to produce 6,60,000 barrels per day in 2010, integrated with petrochemicals, power generation, port and related infrastructure. Mukesh is also the owner of the Indian Premier League cricket team, the Mumbai Indians. The Mumbai franchise was acquired by him for a period of 10 years.
Mukesh was born in Aden, Colony of Aden, which is now known as Yemen. He has a younger brother, Anil, who is also a billionaire and Mukesh’s competitor. Anil is the owner of Reliance Anil Dhirubhai Ambani Group. He is married to Nita Ambani who is involved in various philanthropic activities in the fields of education, human resources and disaster relief. They live in a private 27-storey building in Mumbai named Antilia with their two sons, Anant and Akash and Isha, their daughter. Antilia is the most expensive residence in the world.
Today, the Group employs thousands of people in various corners of the world and is a significant contributor to the GDP of India. He has been a board member of several prestigious organisations, namely the Indian Petrochemicals Corporation Limited, Bank of America Corporation, Council on Foreign Relations, Reliance Exploration and Production DMCC, Pandit Deendayal Petroleum University, Gandhinagar, and the Indian Institute of Management – Bangalore.
In 2013, he was ranked 37 in the list of “The World’s Most Powerful People List” by Forbes and in 2010, he was included in Forbes’s list of “68 people who matter the most”. As of 2013, he is India’s richest man and the second richest man in Asia. He is listed as the 19th richest person in the world with a personal wealth of $19.6 billion. He has retained his position as India’s richest person for the sixth year in a row.
Mukesh Ambani has won several awards and honours, such as, the “School of Engineering and Applied Science, Dean’s Medal,” “United States-India Business Council Leadership Award,” “Chitrale Person of the Year Award,” and “World Communication Award.”