BIOGRAPHY OF MUKESH AMBANI

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BIOGRAPHY OF MUKESH AMBANI:

BIOGRAPHY OF MUKESH AMBANI BY KUNALJIT KHANGEMBAM

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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. He is the 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.

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Mukesh Dhirubhai Ambani (born on 19 April 1957) is an Indian business magnate is the current chairman and managing director of Reliance Industries , the largest private sector enterprise in India, a Fortune 500 company, and one of the largest private sector conglomerates in the world. His personal stake in Reliance Industries is 48%. He is a member of the board of director of Bank of America Corporation and a present member of the international advisory board of Council on Foreign Relations .

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In 2010, he was named among the most powerful people in the world by Forbes in its list of "68 people who matter most“. As of 2011, he is the second richest man in Asia and the ninth richest man in the world with a personal wealth of US$ 27 billion. In 2007, a strong rally in the Indian stock market and the appreciation of the Indian rupee boosted the market capitalisation of Reliance group companies, briefly making him the world’s richest man. According to Forbes Magazine forecasts, he is expected to regain the title of the richest man in the world in 2014.

CAREER :

CAREER Mukesh Ambani joined Reliance in 1981 and was the brain behind Reliance's backward integration from textiles into polyester fibres and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and production. 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. Ambani set up one of the largest and most complex information and communications technology initiatives in the world in the form of Reliance Infocom Limited (now Reliance Communications Limited).

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Ambani directed and led the creation of the world’s largest grassroots petroleum refinery at Jamnagar, India, with a current capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure. 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 Infocom. But after the split in the Reliance Empire, Reliance Infocom 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.

AWARDS AND HONOURS :

AWARDS AND HONOURS Year of Award or Honour Name of Award or Honour Awarding Organization 2010 School of Engineering and Applied Science Dean's Medal University of Pennsylvania . 2007 United States-India Business Council Leadership Award United States-India Business Council. 2007 Chitralekha Person of the Year Award Government of Gujarat . 2004 World Communication Award Total Telecom .

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November 2004: 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 Pricewaterhouse Coopers and published in Financial Times . September 2004: He was Chosen Telecom Man of the Year 2004 by Voice and Data magazine. He is ranked 13th in Asia's Power 25 list of The Most Powerful He is a former Chairman of Indian Institute of Management Bangalore (IIM-B). He is a Honorary Fellow of IChemE (the Institution of Chemical Engineers)

PERSONAL LIFE :

PERSONAL LIFE He is married to Nita Ambani and has three children, Akash, Anant and Isha. He owns the Indian Premier League team, the Mumbai Indians . They live in a private 27 story building in Mumbai named Antilia . It is estimated to be valued at over US$1 Billion to build. It is claimed to be the most expensive home in history.

THANK YOU:

THANK YOU

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