Anil Dhirubhai Ambani is an Indian businessman born on June 4, 1959. He served as the chairman of Reliance Group, which was formed in July 2006 due to a demerger from Reliance Industries Limited and is also known as Reliance ADA Group. Reliance Capital, Reliance Infrastructure, Reliance Power, and Reliance Communications are among the companies he oversees listed on stock exchanges. The veracity of Ambani’s claim that he is bankrupt and has no net worth before a UK court in February 2020, when he was earlier the sixth richest person in the world, is up for debate. He served as an independent MP from Uttar Pradesh in the Rajya Sabha, the nation’s upper house of parliament, between 2004 and 2006.
|Name||Anil Dhirubhai Ambani|
|Education||The University of Mumbai, University of Pennsylvania|
|Children||Jai Anshul Ambani, Jai Anmol Ambani|
|Awards||In December 1998, Business India, India’s top business publication, presented him with the “Businessman of the Year 1997” award.|
Following a directive from the markets regulator SEBI prohibiting him from collaborating with any publicly traded firm, Reliance Group Chairman Anil Ambani resigned from his positions as director of Reliance Power and Reliance Infrastructure on Friday.
Reliance Infrastructure announced Anil Ambani’s resignation from its board “in line with the SEBI interim ruling” in a separate filing to the stock exchange.
In February, Reliance Home Finance Ltd., businessman Anil Ambani, and three other people were banned from the securities market by SEBI for allegedly stealing money from the company.
Until further orders, the regulator forbade Mr. Ambani and the other three from “associating themselves with any intermediary registered with SEBI, any listed public company, or acting directors or promoters of any public company that intends to raise money from the public.”
Life and Education
The architect of Reliance Industries, Dhirubhai Ambani, and his wife, Kokilaben, have a younger son named Anil Ambani. According to Ambani, his father would take the brothers on “incentive-oriented expeditions,” where they would receive a box of mangoes as compensation for hiking 10 kilometres (6 miles). Still, they would also receive punishment if they misbehaved in front of guests. He obtained his Bachelor of Science from Kishinchand Chellaram College in 1983, as well as his Master of Business Administration from the Wharton School of the University of Pennsylvania.
He began working for the business founded by his father, Dhirubhai Ambani in 1983 and held the position of co-chief executive officer.
Due to Anil Ambani’s efforts, Reliance’s global market share reached US $ 2 billion in 1991.
Anil Ambani gained control of Reliance Group following the passing of his father, Dhirubhai Ambani in 2002, demonstrating his interest in telecom, financial services, entertainment, power, and infrastructure.
Later, the Indian market, as well as other international markets, were owned by Reliance Group. These primarily comprise transmission, generation, distribution, and telecommunications.
In the year 2005, Ambani made her entertainment industry debut. Anil Ambani also built the most prominent media empire in India.
Additionally, he purchased shares in “TV Today” and “Bloomberg TV,” as well as partnerships with international news stations like “BBC.”
Customers of Anil’s business can select from three lakh tracks thanks to an agreement with Universal Music. Additionally, Anil Ambani has dealt with some of the top film production companies, including those run by Tom Hax, Brad Pitt, Nicholas Cage, Jim Carrey, and Steven Spielberg.
With a market capitalization of’325,000 crores (US$ 81 billion), net assets exceeding 115,000 crores (US$ 29 billion), and a net worth of’55,000 crores (US 14 billion), the Reliance Group is among the top three private sector business houses in India. The Group’s various companies have a client base of over 100 million, the biggest in India, and a shareholder base of over 12 million, one of the largest in the world.
Awards and Recognition
- In December 1998, Business India, the leading business publication in India, named him “Businessman of the Year 1997.”
- I voted “the Businessman of the Year” in a December 2006 survey by The Times of India and TNS.
- Voted the “Best role model” among corporate executives in India Today magazine’s twice-yearly Mood of the Nation survey, which was conducted in August 2006.
- Recipient of the 2004 Platts Global Energy Awards’ title of “CEO of the Year.”
- In October 2002, the “Entrepreneur of the Decade Award” was given to him by the Bombay Management Association.
- The Wharton India Economic Forum (WIEF) presented him with the First Wharton Indian Alumni Award in December 2001 in honour of his contribution to the development of Reliance as a world leader in many of its economic sectors.
- The only “new hero” in business and finance from India featured in the June 1999 issue of Asiaweek magazine’s list of “Leaders of the Millennium in Business and Finance.”
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