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Saturday, November 10, 2007

Mukesh Ambani part-1




Mukesh Ambani (born April 19, 1957 in Aden, Yemen) is an Indian businessman. He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune 500 company. His personal stake in Reliance Industries is 48%. His wealth was US$20.1 billion in March 2007 (as per Forbes), making him the world's 14th richest person and the second richest person in India. However, his wealth was valued at US$55.3 billion in October 2007 taking into account his holding in Reliance Industries and group companies. This made Ambani the richest Indian, ahead of steel tycoon Lakshmi Mittal. On 29th October 2007, as a result of a strong share price rally in his group companies, Ambani was thought to have become the richest man in the world with a net worth of $63.2 billion, as reported by Forbes Magazine. However, this claim was refuted by Reliance Industries, which said that the calculations regarding his wealth were inaccurate.
Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani.




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).
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 ADAG (Anil Dhirubhai Ambani Group) post the brothers' split.
Mukesh Ambani is also steering Reliance's initiatives in a world scale, offshore, deep water oil and gas exploration and production program, a pan-India petroleum retail network involving 5,800 outlets and a research-led life sciences initiative covering medical, plant and industrial biotechnology.




Wealth
The combined market capitalization of the four Mukesh Ambani Group companies -- Reliance Industries, Reliance Petroleum (RPL), IPCL and Reliance Industrial Infrastructure Ltd (RIIL) has crossed the Rs 500,000 crore mark. The total promoter holding in these companies is worth over Rs 200,000 crore (US$ 50 billion). On 26th Sept 2007, Ambani was declared 5th richest person in the world, next to Carlos Slim Helú, Bill Gates and Warren Buffet.
As of 5th October 2007, his net worth was calculated at $55.8 billion, making him world's 3rd wealthiest person after Carlos Slim Helú ($68b) and Bill Gates ($59b).
On 29th October 2007, as a result of a rally in the share prices of his companies, Ambani was declared the richest man in the world by the Indian news media, who pegged his net worth at US$63.2 billion. However, Reliance Industries clarified a day later that Ambani was not the richest man in the world, and that calculations regarding his wealth were incorrect.




Family
Ambani is the son of one of the most prominent businessman in India, the late Dhirubhai Ambani, a Gujarati entrepreneur. His brother Anil Ambani heads other companies in the Reliance Group. The Ambani brothers had a well-publicized spat after their father's death, which led to the Reliance Group being split between the two.
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.
Ambani is currently building a US$1 billion residential building, Antilia in Mumbai for his family. It is expected to be ready in September 2008.
He gifted his wife Nita a jet plane worth Rs.245-crore recently during her birthday.




Achievements
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]
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.
Conferred the Asia Society Leadership Award by the Asia Society, Washington D.C., USA, May 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

4 comments:

Qasim said...

hi deepa
NICE RESEARCH PEOPLE R REALLY KEEN TO KNOW ABT ONE OF THE RICHEST PERSONS IN THE WORLD. NICE RESEARCH. KEEP IT UP DEAR.
QASIM SIZAR

Anonymous said...

Thanks for info deepa... keep posting

Niks

आकार said...

Nice....keep it up....

suman said...

deepa i really apprweciate your work..keep it up...nice to see your creative blog...

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