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Encyclopedia > Mukesh Ambani
Mukesh Ambani
Born April 19, 1957 (1957-04-19) (age 51)
Flag of Yemen Aden, Yemen
Residence Flag of India Mumbai, India
Occupation Chairman, Managing Director of Reliance Industries
Salary INR 304.6 million [1]
Net worth US$43.0 billion
Spouse Nita Ambani
Children Two sons Akash and Anant, one daughter Isha

Mukesh Ambani (born April 19, 1957 in Yemen) is an Indian businessman and the world's fifth richest man. 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$43.0 billion (according to Forbes), making him the richest Indian above steel tycoon Lakshmi Mittal. [4] is the 109th day of the year (110th in leap years) in the Gregorian calendar. ... Year 1957 (MCMLVII) was a common year starting on Tuesday (link displays the 1957 Gregorian calendar). ... Image File history File links Flag_of_Yemen. ... Port of Aden (around 1910). ... Image File history File links Flag_of_India. ... , Bombay redirects here. ... A chairperson is the political correct term for the presiding officer of a meeting, organization, committee, or other deliberative body. ... Managing director is the term used for the chief executive of many limited companies in the United Kingdom, Commonwealth and some other English speaking countries. ... Reliance Industries Limited is Indias largest private sector company with a turnover of 744 billion rupees (US$16. ... The Indian Rupee (Symbol: INR) is Indias national currency, subdivided into 100 paise (singular paisa). ... is the 109th day of the year (110th in leap years) in the Gregorian calendar. ... Year 1957 (MCMLVII) was a common year starting on Tuesday (link displays the 1957 Gregorian calendar). ... A businessman (sometimes businesswoman, female; or businessperson, gender neutral) is a generic term for a wide range of people engaged in profit-oriented enterprises, generally the management of a company. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Managing director is the term used for the chief executive of many limited companies in the United Kingdom, Commonwealth and some other English speaking countries. ... A shareholder or stockholder is an individual or company (including a corporation) that legally owns one or more shares of stock in a joint stock company. ... Reliance Industries Limited is Indias largest private sector company with a turnover of 744 billion rupees (US$16. ... The private sector of a nations economy consists of all that is outside the state. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ... Lakshmi Narayan Mittal[1] (or Lakshmi Niwas Mittal) (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur village, in the Churu district of Rajasthan, India, and resides in Kensington, London. ...


Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani. Ambani also owns the Indian Premier League team Mumbai Indians. Anil Ambani (born June 4, 1959) is an Indian businessman. ... Dhirajlal Hirachand Ambani (28 December 1932, - 6 July 2002), (also known as Dhirubhai Gujarati: ધીરૂભાઈ અંબાણી) was an Indian rags-to-riches business tycoon who founded Reliance Industries in Mumbai with his cousin. ... The Indian Premier League (also known as the DLF (Delhi Land and Finance) Indian Premier League), is a Twenty20 cricket competition created by the Board of Control for Cricket in India (BCCI). ...

Contents

Education

Mukesh Ambani was educated at Hill Grange High School, he did his graduation Bachelor in Chemical Engineering from UDCT Mumbai and later pursued an MBA at Stanford University but dropped out after his first year.[5] MBA redirects here. ... Stanford redirects here. ...


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). , Jamnagar is a city and a municipal corporation in Jamnagar district in the Indian state of Gujarat. ... This article is for the Indian state. ... A crore is a unit in the Indian numbering system, still widely used in Bangladesh, India, Myanmar, Sri Lanka, and Pakistan. ...


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. Reliance Communications (formerly Reliance Infocomm), along with Reliance Telecom and Flag Telecom, is part of Reliance Communications Ventures (RCoVL). ... Reliance Communications (formerly Reliance Infocomm), along with Reliance Telecom and Flag Telecom, is part of Reliance Communications Ventures (RCoVL). ... A subsidiary, in business, is an entity that is controlled by another entity. ...


Under him Reliance retail has also luanched a new venture by the name "DELIGHT" and also signed up an LOT(Letter Of Intent) with an US company NOVA for making energy effecient strucutures for Reliance Retails.


Ambani owns the Indian Premier League team Mumbai Indians. He has also set up the Dhirubhai Ambani International School in Mumbai. The Indian Premier League (also known as the DLF (Delhi Land and Finance) Indian Premier League), is a Twenty20 cricket competition created by the Board of Control for Cricket in India (BCCI). ...


Family

Mukesh Ambani is son of one of the most prominent businessmen in India, the late Dhirubhai Ambani, a Gujarati entrepreneur and founder of Reliance Industries. Dhirajlal Hirachand Ambani (28 December 1932, - 6 July 2002), (also known as Dhirubhai Gujarati: ધીરૂભાઈ અંબાણી) was an Indian rags-to-riches business tycoon who founded Reliance Industries in Mumbai with his cousin. ... Languages Gujarati Religions Hinduism, Islam, Zoroastrianism (see Parsis), Jainism, Christianity Gujarati people (Gujarati: ગુજરાતી લોકો Gujǎrātī loko), or Gujaratis, is an umbrella term used to describe traditionally Gujarati-speaking Indo-Aryan people who can trace their ancestry to the Gujarat region in India. ... (NSE: RELIANCE) is Indias largest private sector company with a turnover of US $19. ...


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. Anil Ambani (born June 4, 1959) is an Indian businessman. ... Reliance Communications (formerly Reliance Infocomm), along with Reliance Telecom and Flag Telecom, is part of Reliance Communications Ventures (RCoVL). ...


Mukesh Ambani is married to Nita Ambani, who looks after the social and charitable arm of Reliance industries. They have 3 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. , Bombay redirects here. ...


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.
  • 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

PricewaterhouseCoopers (or PwC) is the largest professional services firm in the world. ... The Financial Times (FT) is a British international business newspaper. ... 30th Anniversary issue of India Today India Today is an Indian weekly newsmagazine, in publication since 1975. ...

References

  1. ^ Mukesh Ambani earns Rs 864,000 a day! (HTML). Rediff.com. Retrieved on 2006-11-05.
  2. ^ FORTUNE Global 500 2006: Countries
  3. ^ The World's Billionaires. Forbes (2007-03-08). Retrieved on 2007-03-09. “Year 2007 .”
  4. ^ The World's Billionaires. Forbes (2008-03-05). Retrieved on 2008-05-14. “Year 2008”
  5. ^ Is MDA really an MBA. Telhelka (2005-01-01). Retrieved on 2008-05-14.

Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 309th day of the year (310th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 67th day of the year (68th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 68th day of the year (69th in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance with the Gregorian calendar. ... This article is about the day. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance with the Gregorian calendar. ... is the 134th day of the year (135th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... is the 1st day of the year in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance with the Gregorian calendar. ... is the 134th day of the year (135th in leap years) in the Gregorian calendar. ...

External links

  • M Cap crosses 100 USD Billion
  • [1]USIBC Award for Mr. Mukesh Ambani
  • Forbes.com: Forbes World's Richest People
  • Mukesh Ambani is Economic Times Biz Leader of the Year
  • Mukesh Ambani information at Reliance Industries website.
  • Nita Ambani wife of Sh. Mukesh Ambani.
  • M Cap crosses 100 USD Billion
  • legory:Reliance India's 40 Richest

  Results from FactBites:
 
Mukesh Ambani Profile - Executive Articles - Portfolio.com (4430 words)
Mukesh Ambani does business on an absurdly large scale, from his $1 billion house in Mumbai to the biggest oil refinery on earth.
Despite Ambani’s casual attitude toward time commitments, he is exacting when it comes to what he’ll talk about: He doesn’t like to be pinned down with inquiries about his business or the effects of his actions on his developing country.
Mukesh’s father, Dhirubhai, was born into a poor family in the state of Gujarat, rising from a scrappy textile trader into a mogul who initiated one of the country’s highest-profile initial public offerings, in 1977.
India Resource Center - Reliance: Bigger, Faster, Better (2634 words)
Ambani plans to invest $5 billion by 2011 to put both the farms and the stores on the road to modernity, connect them through a distribution system guided by the latest logistics technology, and create enough of a surplus to generate $20 billion in agricultural exports annually.
Mukesh Ambani's new cities were born, for example, from a recent reversal in the attitude of both state and federal governments, which are now willing to give private businessmen control over huge projects.
Ambani's farm, retail and energy visions merge at his Life Sciences Center in Mumbai, which is pursuing his "second green revolution." Founded in 2002, its research includes experiments in growing biofuels from the jatropha plant and cellulose on a commercial scale.
  More results at FactBites »


 

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