Mukesh Ambani

From Wikipedia, the free encyclopedia

**Mukesh Ambani**

Born:	April 19, 1957 Aden, Yemen
Occupation:	Chairman, Managing Director Reliance Industries
Salary:	Rs217 million^[1]
Net worth:	$20.1 billion USD, [1]
Spouse:	Nita Ambani
Children:	Akash Isha Anant

Mukesh Ambani is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector company and a Fortune 400 Company. [2]. His personal stake in Reliance Industries is 48%.^[2] His wealth is US$ 20.1 billion as at March 2007, making him the world's 14th richest person. Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani.

1 Education
2 Career
3 Family
4 Achievements
5 See also
6 References
7 External links

[edit] Education

Mukesh holds a Bachelor of Chemical Engineering from the University of Mumbai Department of Chemical Technology (UDCT), which is now known as University of Mumbai, Institute of Chemical Technology (UICT). He also began completing an MBA from Stanford Business School, but dropped out after his first year because of his father's ongoing efforts to build Patalganga petrochemical plant in which Mukesh was actively involved.

[edit] Career

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.

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) integrated with petrochemicals, power generation, port and related infrastructure, at an investment of Rs 100000 crore (nearly US$ 24 billion).

Mukesh Ambani has set up the largest and most complex information and communications technology initiative in the world in the form of Reliance Infocomm Limited. Covering more than 1,100 towns and cities across India, Reliance Infocomm 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] post the brother's 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.

Mukesh Ambani, CMD, Reliance Industries Limited , who has been leading the Reliance Life Sciences (RLS) initaitive since 2001, will continue to drive it post the new alignment of businesses at Reliance Industries Limited.

Mukesh Ambani has also started the foray into retail by opening stores under the Reliance Fresh brand. This exercise is being done with a pan India presence in mind.

[edit] Family

Mukesh Ambani is married to Nita Ambani. Dhirubhai Ambani International School in Mumbai is a brainchild of Nita Ambani. Mukesh and Nita have 3 children: Akash, Isha and Anant.

[edit] Achievements

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.

[edit] See also

[edit] References

^ Salary swings in Reliance deal (HTML). The Telegraph. Retrieved on 2006-11-05. “Year 2005 compensation: salary INR 10,000,000, bonus INR 207,200,000.”
^ Forbes mukesh ambani (HTML). forbes. Retrieved on 2007-03-09. “Year 2007 .”