INDEX i. BIOGRAPHY ii. INTRODUCTION iii. EARLY LIFE & EDUCATION iv. CAREER v. BOARD MEMBERSHIP vi. AWARDS & HONOURS vii. PERSONAL LIFEviii. DISTRIBUTION ix. BIBLIOGRAPHY
BIOGRAPHY MukeshAmban Man at the helm of Reliance Born 19April 1957 (age 54) Aden, Colony of Aden (nowYemen)[1 ] Residence Mumbai, Maharashtra Nationality Indian
Alma mater University of Bombay Stanford University (Dropped out in the year 1980) Occupation Chairman & MD of Reliance Industries Director of Bank of America Net worth US$27 billion (2011 ) Religion Hinduism Spouse Nita Ambani Children Akash, Anant, Isha Parents Dhirubhai Ambani Kokilaben Ambani Relatives Anil Ambani (Brother)
INTRODUCTION Mukesh Dhirubhai Ambani (born on 19 April 1957) is an Indian business magnate. He is the chairman and managingdirector of Indian conglomerateReliance Industries, the largest private sector enterprise in India listed in Fortune 500 magazine. His personal stake in Reliance Industries is 48%. On the 29th of August 2011, Reliance Industries regained its status as the most valued firm in India, after a heady contest with ONGC and Coal India Ltd., both public sector units as well as energy giants. In 2010, he was named among the most powerful people in the world by Forbes in its list of "68 people who matter most" As of 2011, he is the second richest man in Asia and the ninth richest man in the world with a personal wealth of US$27 billion. In 2007, a strong rally in the Indian stock market and the appreciation of the Indian rupee boosted the market capitalisation of Reliance group companies, briefly making him the world’s richest man. He is board of directors of Bank of America Corporation and a present member of the
international advisory board of the Council onForeign Relations
EARLYLIFE & EDUCATION Mukesh Ambani is the eldest son of Dhirubhai Ambani, the late founder of Reliance Industries. He has a brother, Anil, and two sisters - Dipti Salgaoncar & Neena Kothari. The Ambani family lived in a two bedroom apartment in Bhuleshwar, Mumbai until the 1970s. Dhirubhai Ambani then purchased a 14- floor apartment block called Sea Wind in Colaba, where, until recently, Mukesh and Anil each lived with their families on different floors. Mukesh Ambani was educated at Abaay Morischa School in Mumbai and completed his graduation with a bachelor`s degree in chemical engineering from the UDCT, now Institute of Chemical Technology, Mumbai.He stood sixth in the University exams. Mukesh later enrolled for an MBA from Stanford University but completed only one year of the two year program and dropped out in the year 1980. 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 licence to setup PFY
manufacturing plant. In spite of stiff competitionfrom Tatas, Birlas and 43 others, Dhirubhai wasawarded the licence. To help him build the PFYplant, Dhirubhai pulled his eldest son Mukeshout of Stanford where he was studying for hisMBA. Mukesh Ambani, then dropped out to helphis father and initiated Reliance`s backwardintegration from textiles into polyester fibres andfurther into petrochemicals, beginning in 1981.
CAREER He joined Reliance Industries in 1981. He initiated Reliances 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. Ambani set up one of the largest and most complex information and communications technology initiatives in the world in the form of Reliance Infocomm Limited (now Reliance Communications Limited). Ambani directed and led the creation of the world’s largest grassroots petroleum refinery at Jamnagar, India, with a current capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure.
BOARD MEMBERSHIPS Chairman, Managing Director, Chairman of Finance Committee and Member of Employees Stock Compensation Committee, Reliance Industries Limited Former Chairman, Indian Petrochemicals Corporation Limited Former Vice Chairman, Reliance Petroleum Chairman of the Board, Reliance Petroleum Chairman and Chairman of Audit Committee, Reliance Retail Limited. Chairman, Reliance Exploration and Production DMCC Director, Member of Credit Committee and Member of Compensation & Benefits Committee, Bank of America Corporation
AWARDS & HONOURS Year of Name of Award Awarding Award or Honor Organization or Honor Global Vision Award at The Asia Society 2010 Awards Dinner Business Leader of the NDTV India 2010 Year Businessman of Financial 2010 the Year Chronicle Indian Juran Quality Merchants 2010 Medal for 2009 Chamber (IMC) School of Engineering and University of 2010 Applied Science Pennsylvania. Deans Medal
United States- India Business United States- Council India Business 2007 Leadership Council. Award Chitralekha Government of 2007 Person of the Gujarat. Year Award World Communication Total Telecom. 2004 Award Ranked 5th best performing CEO in the world by Harvard Business Review in its ranking of top 50 global CEOs. Only Indian to be a part of the United Nations MDG Advocacy Group Re-elected as Vice Chairman of the Business Council for Sustainable Developments (WBCSD) Executive Committee for a second consecutive term in 2010.
PERSONAL LIFE He is married to Nita Ambani and has three children. They live in a private 27-story building in Mumbai named Antilia. The construction cost was estimated to be approximately US$77 million and it is claimed to be the most expensive home in history. He owns the Indian Premier League team the Mumbai Indians. Age: 54 Fortune: inherited and growing Source: petrochemicals NetWorth: $20.1bil Country Of Citizenship:India Residence: Mumbai , India,Asia & Australia Industry: Manufacturing MaritalStatus: married,3children .
Education: University of Bombay, Bachelor of Arts/Science Stanford University, Master of Business Administration Snatched title of Indias richest resident from Azim Premji. Since splitting with younger brother Anil in 2005 and taking control of $20 billion (revenues) Reliance Industries, founded by his late father Dhirubhai Ambani, fortune has soared by $11 billion. Oil-refining subsidiary Reliance Petroleum, in which Chevron has 5% stake, listed May 2006. Betting $5.5 billion on retail ventures including Reliance Fresh, a chain of food stores; 60 are now open. Megaplans include $10 billion investment to develop special economic zones. Recently got board approval to hike personal stake in Reliance Industries from 44%to48%.
Distribution of Billionairesby Residence Diameter of disc reflects size of fortune. The red disc indicates Mukesh Ambani
BIBLIOGRAPHYI Took reference from WIKIPEDIA and I uploaded picturesfrom google.I like to thank my teacher for giving us interesting topicand for helping me in doing my project. THANKYOU !!