Mukesh Ambani Biography
Mukesh Ambani is the Chairman and Managing Director of Reliance Industries Limited (RIL), India’s largest private sector company. He holds 44.7 % share in the company. He is married to Nita Ambani, now the chairperson of the Reliance Foundation.
Mukesh Ambani was born on April 19, 1957, in Aden, Yemen. Son of the legendary Dhirubhai Ambani, Mukesh graduated in Chemical Engineering from the University of Bombay and went to the United States to pursue a Masters in Business Administration from Stanford University, but dropped out after his first year to help his father, Dhirubhai Ambani with some of his projects.
He joined Reliance in 1981 and was instrumental in Reliance’s backward integration from textiles into polyester fibres and petrochemicals. It was under his leadership that the world’s largest grassroots petroleum refinery was set up by Reliance at Jamnagar in Gujarat. Mukesh oversaw Reliance’s petrochemicals’ manufacturing capacities increase from less than a million tonnes to over thirteen million tonnes per year. The Jamnagar refinery presently has a capacity of 660,000 barrels per day.
Under Mukesh Ambani’s stewardship, Reliance Industries has branched out into offshore, deepwater oil and gas exploration and production programmes, a petroleum retail network across India and many other areas.
He also set up Reliance Communications Limited, focussed on mobile communication. His Reliance RetailLtd is now the largest retailer in India.
Awards and recognition
- Mukesh Ambani was ranked 42nd among the World’s Most Respected Business Leaders in a survey conducted by Pricewaterhouse Coopers and published in Financial Times, London in 2004.
- He also received the Asia Society Leadership Award given by the Asia Society, Washington D.C., USA.
- He was awarded the World Communication Award for the ‘Most Influential Person in Telecommunications in 2004’ by Total Telecom in 2004.
- He was ranked 13th in Asia’s Power 25 list of ‘The Most Powerful People in Business’ published by Fortune magazine in 2004.