His Life: India’s Richest Man
- Year 1957 – Born in Aden, Yemen.
- Year 1981 – Joined Reliance.
- Year 1984 – Got married to Nita Ambani.
- Year 2010 – Won the Global Leadership Award.
- Year 2019 – Ranked 13th on the Forbes Richest List.
“Relationships and trust. This is the bedrock of life.”
Mukesh Ambani is an Indian Businessman who is the chairman and managing director of Reliance Industries Limited, the first Indian company to reach $100 billion market capitalization. He is the richest man of India, according to Forbes, the title which he is holding for over a decade.
Let us know a few things about his childhood:
Mukesh Dhirubhai Ambani was born on April 19, 1957 in Aden, Yemen. His father was Dhirubhai Ambani and his mother was Kokilaben Ambani. He has three siblings, a younger brother named Anil Ambani and two sisters named Nina Kothari and Dipti Salgaonkar. He lived in Yemen for some time and then his father decided to move back to India in 1958 to start a business in trading spices which later got shifted to the business in textiles named Vimal and then it got changed to Only Vimal. Life was very hard for his family when they moved to India and he had to live in a shared society.
Let’s peek into the personal life of this billionaire:
He studied at the Hill Grange High School in Mumbai. Then he had his further studies from the Institute of Chemical Technology and got his BE degree in Chemical Engineering. He then enrolled at Stanford University for MBA but withdrew it in 1980 to help his father build Reliance, which was a small but a fast growing enterprise at that time. He was married to Nita Ambani in 1984 and the couple has two sons, Anant and Akash and a daughter, Isha.
This is how he became one of the richest men on this planet. His career journey:
He dropped out of Stanford University to help his father in setting up a polyester filament yarn manufacturing plant and joined Reliance in 1981. He was instrumental in Reliance’s backward integration from textiles to polyester fibers and petrochemicals. During this process, he created 51 new world class manufacturing facilities which involved varied technologies that raised the Reliance’s manufacturing capacities manifold. Under his leadership, the world’s largest petroleum refinery was set up at Jamnagar in Gujarat and he oversaw Reliance’s petrochemicals manufacturing capacities, which increased from less than a million tonnes to more than 13 million tonnes per year.
Under his leadership, Reliance Industries got branched out rapidly. He also developed Reliance Communications Limited which focussed on the mobile communication and Reliance Retail Ltd is now the largest retailer in India. He also helped in the establishment of Reliance Infocomm Limited which focused on the information and communications technology initiatives. After the business was divided between the two brothers, the younger one took over the company which is now known as the Reliance Communications Limited.
Later in 2008, his company bought the Mumbai Indians in the Indian Premier League for $111.9 million. His company now operates in five major segments – refining and marketing, exploration and production, petrochemicals, retail, and telecommunications. It is ranked as the Fortune Global 500 companies and is India’s second most valuable company by market value. He also served as the board of directors of The Bank of America Corporation and the International Advisory Board of the Council on Foreign Relations.
Awards and recognitions earned by Mukesh Ambani throughout his career are the testimony of his sheer hard work and business brilliance:
In the year 2004, Mukesh Ambani got the World Communication Award for the Most Influential Person in the Telecommunications Area by Total Telecom. In the year 2010, he got the Business Leader of the Year by NDTV and also got the Businessman of the Year by Financial Chronicle. In the year 2010, he got the School of Engineering and Applied Science Dean’s Medal from the University of Pennsylvania. Recently, he has featured in the TIME magazine’s list of 100 most influential people in the world.