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The CEO Magazine
A monthly magazine for business leaders and decision makers

MUKESH AMBANI- THE LEGENDARY BUSINESS TYCOON

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MUKESH AMBANI- THE LEGENDARY BUSINESS TYCOON

Puja Bhardwaj || The CEO Magazine

The business tycoon and chairman of the conglomerate empire, Reliance Group, Mukesh Dhirubhai Ambani is among the richest people in the world. He is considered as the face of new emerging India. His brilliance and success can be found from the fact that his company is presently India’s most valuable company in terms of market value. Reliance Industries has earned the reputation of being one of the largest private-sector enterprises in the country, and a Fortune 500 company in the global market.

Mukesh-Ambani

Born on 19 April 1957 in Aden, (now Yemen), Mukesh is the eldest son of late Dhirubhai Ambani, the founder of Reliance Industries. He is a Chemical Engineer from the Institute of Chemical Technology, Mumbai. He pursued an MBA from Stanford University in the US. After completing his education, he joined ‘Reliance Industries’ and assisted his father in the establishment of the textile industry.

Mukesh has been the part of the Reliance board since 1977. Gradually, with his outstanding affords and sincerity, he developed the business in different segments like retail, telecommunication, and petrochemicals. In 2002, after the death of Dhirubhai, Mukesh and Anil Ambani were assumed to lead the company jointly. Although feuds between the brothers over control prompted his mother, Kokilaben Ambani, to split the assets of Reliance through a noncompetition agreement.

A NEW CHAPTER OF INDIAN BUSINESS

While following his father’s footsteps of “date to dream and learn to excel”, Mukesh has taken over the reign and responsibility of Reliance Industries Limited and made the company a global entity. Under his leadership, the world’s largest grassroots petroleum refinery was set up by Reliance.

He has successfully lead the petrochemical manufacturing capacities of Reliance and taken it from a million tonnes to over thirteen million tonnes on the yearly basis.

He has boosted Reliance Industries to branch out into offshore, deepwater oil and gas exploration and production programs, a petroleum retail network across the country and many other areas.

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He also set up Reliance Communications Limited, focussed on mobile communication. His Reliance Retail Ltd is now the largest retailer in India.

Apart from the leading position in the Reliance Group, Mukesh is a member of the board of directors of Bank of America Corporation. He is also serving as a member of the international advisory board of the Council on Foreign Relations.

He is a former Chairman of IIM, Bangalore (Indian Institute of Management, Bangalore).

He owns the Indian Premier League team, the Mumbai Indians and also famous for having the world’s most expensive house in Mumbai named ‘Antilia’.

FEATHERS IN THE CAP

  • Mukesh Ambani received 42nd rank in the list of World’s Most Respected Business Leaders in a survey conducted by Pricewaterhouse Coopers and published in Financial Times, London in 2004.
  • Asia Society, Washington D.C., USA awarded him with the Asia Society Leadership Award.
  • Total Telecom awarded him with the World Communication Award for the ‘Most Influential Person in Telecommunications in 2004’.
  • He was ranked 13th in Asia’s Power 25 list of ‘The Most Powerful People in Business’ published by Fortune magazine in 2004.

In the contemporary era, Mukesh Ambani is representing modern Indian business that stands to show a bold image of the Indian business sector, which is advance, evolving and revolutionary. He will always be an inspiration for business world and the idol of every young Indian who aspires to make a name for himself in the corporate world.

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