Mukesh Ambani, Indian Businessmen - Informative & researched article on Mukesh Ambani, Indian Businessmen
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Home > Society > Indian Personalities > Indian Businessmen > Mukesh Ambani
Mukesh Ambani, Indian Businessmen
Mukesh Ambani is the fourteenth richest person in the world and the second richest India.

Mukesh AmbaniMukesh Ambani is the eldest son of the business tycoon Dhirubhai Ambani who founded the Reliance group of Industries, India`s largest private sector and a Fortune 500 Company.At present Mukesh Ambani is the chairman, managing director and the largest shareholder of Reliance Industries. He is married to Nita Ambani and they have three children Anant Isha and Akash.His brother is Anil Ambani.

Born on 19th April 1957 at Aden in Yemen to Dhirubhai Ambani and Kokela ben he was a brilliant student in school .After graduating as a Chemical Engineer from the University of Mumbai ,Department of Chemical Technology he went to Stanford Business School to pursue a Master`s in Business Adminstration .However he dropped out after his first year in order to assist in father`s ongoing efforts to build the Patalganga petrochemical Plant.

In 1981 Mukesh Ambani joined Reliance and took steps to spread out in other spheres as well from textiles to polyester fibres and further into petrochemicals. Under his stewardship he directed and led the creation of the world`s largest grassroots petroleum refinery at Jamnagar, India, with a present capacity of 660,000 barrels per day (33 million tonnes per year) along with petrochemicals, power generation, port and related infrastructure, at an investment of Rs 100000 crore (nearly $24 billion USD).He has also set up the largest and the most sophisticated information technology network in the form of Reliance Infocomm Limited .

Mukesh AmbaniThe network covers more than one thousand one hundred towns and cities across India and offers the full range of voice, data, video and value added services, on the strength of 80,000 kilometers of optic fibre-based terabit infrastructure, at the lowest entry cost and services cost anywhere in the world. However, Reliance Infocom now is under ADAG (Anil Dhirubhai Ambani Group)following the death of Dhirubhai Ambani and a split in the family business.He is also spreading his tentacles in 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.

The combined market capitalisation of his four companies Reliance India Limited(RIL), Reliance Petroleum (RPL),Indian Petrochemicals Corporation Limited( IPCL )and Reliance Industrial Infrastructure Ltd (RIIL) has crossed the Rs 260,000 crore mark. His total hold in these companies is worth over Rs 160,000 crore (US$ 40 billion) which makes him the "the first Rupee trillionaire residing in India".

The king of the Reliance conglomerate ,is on the way for creating high-tech farms ,new cities and an Indian spin on Wal mart as he aims to revolutionize the most backward sectors in the country farming and retail .In order to modernize both farms and retail he plans to invest $5 billion by 2011 connecting upgraded fields through the latest logistics technology to a cutting-edge network of stores-or what he calls a "Wal-Mart in India." In the process, he aims to create a surplus to generate $20 billion in agricultural exports annually.

He has been conferred the United States-India Business Council (USIBC) leadership award for "Global Vision" 2007 in Washington and recorded the first trillionaire in India in June 2007 .In 2004 he was chosen Telecom Man of the Year by Voice and Data magazineand in the same year ranked one for the second consecutive year in the Power List 2004 published by India Today.

(Last Updated on : 15/01/2009)
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