Mukesh Ambani

Mukesh  Ambani

Mukesh Dhirubhai Ambani was born on 19 April 1957 is an Indian business magnate who is the chairman and CEO of the Indian conglomerate Reliance Industries Limited (RIL), a Fortune Global 500 company and India's most valuable company by market value. Mukesh Ambani, the elder son of the founder of Reliance Industries late Dhirubhai Ambani is the largest Shareholder in RIL. He holds a 44.7 percent stake in the company. TheHeadquarters of RIL is situated in Mumbai, India. The company deals in mainly refining, Petrochemical and oil & gas sectors. Reliance Retail Ltd is a Subordinatefirm of RIL. It was founded in 2006 and it is also based in the financial Capital of India i.e. Mumbai. The company is considered as the largest Retailer in the country.

In 2010, he was included in Forbes's list of "68 people who matter most". As of 2013, he is India's richest man and second richest man in Asia. Ambani is listed as the 22nd richest person in the world with a personal wealth of $21.5 billion. He has retained his position as the world's richest Indian for the sixth year in a row. He is a member of the board of directors of Bank of America Corporation and the international advisory board of the Council on Foreign Relations. He is also the chairman of the board of Indian Institute of Management Bangalore, one of the premier business schools in the country.In 2012, Forbes named him the richest sports owner in the world. He co-owns the Indian Premier League franchise Mumbai Indians.

Mukesh  Ambani

The Ambani family lived in a two bedroom apartment in Bhuleshwar, Mumbai until the 1970s. Dhirubhai then purchased a 14-floor apartment block called 'Sea Wind' in Colaba, where, until recently, Mukesh and Anil lived with their families on different floors.

He attended the Hill Grange High School on Peddar Road, Mumbai, along with his brother and where Anand Jain, his close associate, was his classmate. He received BE degree in Chemical Engineering from the University of Mumbai. Mukesh later enrolled for an MBA from Stanford University but dropped out. The Indira Gandhi administration threw open the doors of PFY (polyester filament yarn) manufacturing to the private sector in early 1980. Dhirubhai Ambani had applied for a license to set up a PFY manufacturing plant. In spite of stiff competition from Tatas, Birlas and 43 others, Dhirubhai was awarded the licence. To help him build the PFY plant, Dhirubhai pulled his eldest son Mukesh out of Stanford where he was studying for his MBA. Mukesh Ambani, then dropped out to help his father and initiated Reliance`s backward integration from textiles into polyester fibres and further into petrochemicals, beginning in 1981.

In 2010 ,he was given an Hon.DSc(Doctor of Science) (Hon.Causa) degree by M.S.University , Baroda.Mukesh Ambani joined Reliance Industries in 1987. He initiated Reliance's backward integration journey from textiles into polyester fibres and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and production.

Mukesh Ambani set up Reliance Infocomm Limited (now Reliance Communications Limited), which was focused on information and communications technology initiatives.Ambani directed and led the creation of the world’s largest grassroots petroleum refinery at Jamnagar, India, which had the capacity to produce 660,000 barrels per day (33 million tonnes per year) in 2010, integrated with petrochemicals, power generation, port and related infrastructure.