Mukesh Ambani

 

 

Mukesh Ambani Early Life- Mukesh Ambani was born to Dhirubhai and Kokilaben Ambani on the 19th April, 1957. He was educated at the Abbay Morischa School in Mumbai. He completed his Bachelors in Chemical Engineering from UDCT. Later on Mukesh enrolled at for Masters in Business Management program from Stanford University however he completed only one year. The Indira Gandhi Administration in the 1980’s opened the prospects of Polyester filament Yarn (PFY) manufacturing in private sector in 1980. Dhirubhai Ambani applied for PFY licensing. The competition for PFY licensing was stiff with from giants Tata, Birla and 43 other bidders. Mukesh Ambani dropped out from Stanford to help his father and also start Reliance’s backward integration from textiles in polyester fibers and then on to petrol chemicals.  

 

Mukesh Ambani Business career- Mukesh Ambani started his business career with the intention of diversifying the company’s business. At the time it was a daunting task for the especially for Reliance with the stiff competition from Tata and Birla and the other indigenous players in the market. Starting from polyester the company also emerged into oil and gas exploration as well as production of the same. Mukesh Ambani is also attributed for the creation of Reliance Infocomm now Reliance Communication which focuses on information and communication technology imitative. He also led the creation of the world largest petroleum refinery in Jamnagar India. This company has the ability of producing 660,000 barrels that is equal to 33 million tons of oil per year.  This business venture is integrated with petrochemicals, power generation, port and related infrastructure. Under his leadership Reliance India Limited (RIL) is set to transform India’s landscape with low polluting and low carbon green fuel.  He also steered Reliance development of Infrastructural facilities through implementation of Pan India network that spans multiple formats of supply chain infrastructure. Apart from his own ventures he is also part of various indigenous and international government ventures.

•Firstly he is a member of the Prime Minister Council on trade and industry of the Government of India and also on the board of governors of the National Council for applied Economic Research (NCAER).

•He is also a member of the Millennium Development Goals (MDG) advisory group constituted by the United Nations.

•He is also a member of the Foundation Board of World Economic Fourum and Vice Chairman of World Business Council for Sustainable Development (WBCSD).

•Further, he is a member of the Indo-US CEOs Forum, the International Advisory Board of Citigroup, the International Advisory Board of the National Board of Kuwait, the Advisory Council for the Graduate School of Business, Stanford University, the International Advisory Board of Brookings, Member of the Business Council, McKinsey Advisory Council and the Asia Business Council and Advisory Board of D.E. Shaw India Advisory Services Private Limited.

•He is the Chairman, Board of Governors of the Indian Institute of Management, Bangalore, Chairman of Pandit Deendayal Petroleum University, Gandhinagar. He is also Co-Chair of India-Russia CEO Council and Co-Chair of Japan-India Business Leader's Forum, a Member of the Governing Board of Public Health Foundation of India (PHFI).

•He is also a director on the Board of directors for the Bank of America. 

Mukesh Ambani Salary- the Chief of the RIL decided to forgo close to Rs 24 crore from his annual fiscal payment and kept his salary capped at Rs 15 crore. However, RIL's total outgo towards remuneration to its all top management personnel, as also the sitting fees and commissions for its non-executive directors, increased during the fiscal year ended March 31, 2012.

 

Mukesh Ambani personal Life- He is married to Nita Ambani who is an educationist herself. The couple has three children. The family resides in a private 27 storey building called Antilla situated in Altamount Road of South Mumbai. The family formerly called Sea Wind in Coloba where both brothers Anil and Mukesh stayed together. The two brother have had several clashes over business in the last few years. 

 

Mukesh Ambani Board Memberships

1.Chairman, Managing Director and Chairman and Finance Committee and Member of Employee Stock Compensation Committee of Reliance Industries Limited.

2.Chairman of Reliance Petroleum

3.Chairman and Chairman of Audit committee of Reliance retail limited

4.Chairman Reliance Exploration and Production  DMCC

5.Director and Member of Credit Committee and Member of Compensation and Benefits Committee of  Bank of America Corporations

6.President of Pandit Deendayal Petroleum University, Gandhinagar Gujarat

He is also the owner of the Mumbai Indians franchise in the Indian Premier league (IPL).

 

Mukesh Ambani Car Collection- The RIL chief has a well stocked garage of cars that includes the likes of Mayback 62, Mercedes S Class and black SL 500.

Mukesh Assets- Mukesh Ambani, with net asset of value $27 billion. In the latest Forbes list the billionaire lost five places and was placed at the ninth position in this year's list of richest people. Last year, Mr Ambani held the fourth spot, with net asset value of $29 billion, followed by Mr Mittal at the fifth place.

 

Mukesh Ambani quotes- 

•On investment- "“We are now investing in each of our businesses to achieve substantial earnings growth in the future and create further value for millions of our shareholders.”

•Potential of demand for both Indian and China- “We are now investing in each of our businesses to achieve substantial earnings growth in the future and create further value for millions of our shareholders.”

•Perspective on his organization-"We call it infectious impatience. That's his hallmark and we are trying to inculcate it in the entire organization. Infectious impatience. So that things not only get done but get done in double quick time."

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Mukesh Ambani Awards and Honors ‘

•2010- Asia Society Global Vision Award at Awards Dinner

•2010- NDTV Business Leader of year

•2010- Financial Chronicle Businessmen of the year

•2010- University of Pennsylvania’s School of Engineering and Applied Sciences Dean’s medal

•2010- Business Council for International Understanding’s Global Leadership Award

 

Mukesh Ambani Latest News- 

The Ambani brothers today rejected allegations by Arvind Kejriwal that they had parked black money in HSBC Bank in Geneva and denied that they had any accounts there.Strongly denying the allegations, Mukesh Ambani-headed Reliance Industries Limited (RIL) said neither the company nor Mukesh Ambani has or had any "illegitimate" accounts anywhere in the world."As part of normal business, international subsidiaries of RIL deal with several global banks including HSBC. These accounts are fully complain with all regulations and are disclosed in their appropriate jurisdictions and in India.