Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...
MDA.pptx
1. ESSENTIALLY, WHOEVER IS SUCCESSFUL, WHOEVER IS GOING TO DO THINGS THAT
MAKE A DIFFERENCE, IS GOING TO BE TALKED ABOUT.
MUKESH.D.
AMBANI
2. PERSONAL LIFE
• Mukesh.D.Ambani hails from a Gujarati Hindu family born in Aden /Yamen
19.April.1957
• Married to Nita
• Blessed with 3 children Anand , Isha, Akash
3. EDUCATION
• Ambani attended the Hill Grange High School at Peddar Road, Mumbai, along
with his brother and Anand Jain, who later became his close associate. After his
secondary schooling, he studied at St. Xavier's College, Mumbai. He then
received a BE degree in chemical engineering from the Institute of Chemical
Technology.
4. BUSINESS LIFE
In 1981 he started to help his father Dhirubhai
Ambani run their family business, Reliance
Industries Limited. By this time, it had already
expanded so that it also dealt in refining
and petrochemicals. The business also included
products and services in the retail and
telecommunications industries. Reliance
Retail Ltd., another subsidiary, is also the largest
retailer in India. Reliance's Jio has earned a top-
five spot in the country's telecommunication
services since its public launch on 5 September
2016.
5. RELIANCE INDUSTRIES LIMITED - RETAIL
• Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries Limited.
Founded in 2006, it is the largest retailer in India in terms of revenue. Its retail outlets offer
foods, groceries, apparel, footwear, toys, home improvement products, electronic goods, and
farm implements and inputs. Apart from physical outlets, the company also sells products on
its e-commerce channels.
• It had a turnover of ₹337 billion in the financial year 2016–17. Reliance Retail announced
revenues of ₹450 billion for the nine months ended December 2017 for financial year 2017–
18, showing over a 90% jump from the corresponding previous period. The company also
reported a profit of ₹7 billion for the period. In financial year 2019–2020, the company
reported record breaking revenue of ₹1.62 trillion and EBITDA of 9,654 crore growing 55.7%
year over year. The company also became the country's largest retailer by reach, scale,
revenue and profitability.
