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| 27 February, 2021, 12:21 PM IST | E-Paper
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    Mukesh Ambani

    Mukesh Ambani

    Chairman & Managing Director, Reliance Industries Limited
    Birth DetailsApril 19, 1957 | Aden, Yemen
    NationalityIndian
    LeagueBusiness Leader
    EducationChemical Engineering, Institute of Chemical Technology, Mumbai; MBA, Stanford University (dropout)
    Net Worth$56.7 billion (as of June 3, 2020)
    Mukesh Ambani Assets:


    Mukesh Ambani's Journey so far ...
    • Mukesh Ambani left his studies mid-way and returned to India in 1981 to help his father Dhirubhai Ambani with the family business
    • After taking charge, he led the company’s backward integration endeavours which started with the movement from textiles to polyester fibre manufacturing. He oversaw the development of Reliance’s first mega manufacturing plant at Patalganga (in Maharashtra)
    • In 1986, he diversified the company’s interests into petrochemicals, and later to petroleum refining and oil & gas exploration and production
    • Over the next few years, he pioneered the establishment of several world-class manufacturing facilities for Reliance Petrochemicals, increasing its manufacturing capacity from less than a million tonnes to more than 21 million tonnes per year
    • Reliance’s Jamnagar refinery (in Gujarat) -- which became the world’s largest grassroots petroleum refinery with a capacity of 6,60,000 barrels per day -- was also built under Mukesh Ambani’s leadership. Commissioned in 1999, the plant was integrated with other business subsidiaries such as petrochemicals and power generation
    • A subsequent refinery -- with a capacity of 5,80,000 barrels per day -- was built beside the Jamnagar facility, taking the overall capacity of the oil refinery to 1.24 million barrels per day and making it one of the world’s largest single-location refineries
    • Dhirubhai Ambani passed away in 2002 without having left a will in place, and by that time Reliance had spread its reach into several established as well as emerging sectors. This led to a bitter dispute between Mukesh and his younger brother Anil which ended in 2005 with the former inheriting the company’s flagship oil-refining and petrochemicals businesses
    • In October 2007, with a net worth of $63.2 billion, he surpassed Bill Gates to claim the title of the richest person in the world. Though this title didn’t last long, he has been India’s wealthiest person for a long time now
    • He bought the Indian Premier League (IPL) team Mumbai Indians for over $100 million in 2008
    • Under his leadership, RIL further ventured into various sectors. With several in-store brands and other partnerships, Reliance Retail became the largest retailer of the country in terms of revenue in 2014
    • The same year, RIL acquired Network 18 Media and Investments Ltd which has a host of news and entertainment TV channels among other media initiatives
    • He took India by storm when he introduced Jio telecom services in September 2016. Offering free calls and dirt cheap data, the network acquired 100 million customers within 170 days of its launch. By 2019, Jio had sprinted to become the country’s second-largest telecom service provider
    • On his watch, RIL’s market cap crossed the Rs 10 lakh crore mark in November 2019, making it the first Indian company to achieve the feat
    • Currently, Mukesh Ambani, along with his family, owns around 47% shares of Reliance Industries. He continues to be India’s richest person


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    Last Updated: 15/02/2021

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