Introduction Chairman & Managing Director- Reliance Industries Ltd. INDIA 2ndrichest man in Asia, 9th in the world (2011) A chemical engineer & Stanford University drop-out. Personal wealth of US$27 billion. US$ 16 billion cash hoard. (one of top 30 cash hoards for non-financial firm. ) (Source: Bloomberg)
What’s great about Mukesh? Believes in building, not buying/acquiring. He initiated his business from fabric to petrochemicals, petroleum refining, oil & gas exploration and production. Set up one of the largest and most complex information and communications technology initiatives in the world- Reliance Communications Ltd. Created the world’s largest grassroots petroleum refinery at Jamnagar, India. (build from scratch)
Achievements Member of : The Indo-US CEOs Forum. The International Advisory Board of Citigroup. The Advisory Council for the Graduate School of Business, Stanford University. The board of directors of Bank of America Corporation (first non-US citizen) 'Dwight D Eisenhower Global Leadership Award‘ in 2010. Among top five best CEOs in the world. (Harvard Business Review)
Reliance Industries Largest private sector enterprise in India (Fortune 500 magazine) Market capitalization of over $71 billion. World’s leading manufacturer of POLYESTER. Revenues: $58 billion (yr 2010)
Reliance – Brand Image Makes 10% of India’s benchmark Sensex Index. 3.6% of India’s GDP. Most-valued firm in India. Global energy leader and one of the largest refining and petrochemical producers in the world.
ANTILIA - Mumbai, India (Most expensive home in history)
Reliance & International Market BP plans to divest its assets in Europe and North America to Reliance Industries. (worth 30 billion) Entering into a Joint Venture in India with Dairy Queen Inc. (Berkshire Hathaway Inc. CEO Warren Buffett) 60 %stake in the US based Marcellus Shale gas asset for $392 million. JV with US investment company D.E Shaw Group. JVs with AXA Group (French Insurance company) Exploring retail opportunities in Africa, Russia & Australia.
Criticism Been criticized by some for building the most expensive home in the world. Speculations have been made of their Retails business. Criticized for bumping up costs of gas production units (KG-D6 Basin) One of the finest man and a true Indian.