MUKESH AMBANI

INDEX

i. BIOGRAPHYii. INTRODUCTIONiii. EARLY LIFE & EDUCATION iv. CAREERv. BOARD MEMBERSHIPvi. AWARDS & HONOURSvii. 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 BombayStanford

University (Dropped out in the year 1980)

Occupation

Chairman & MD of Reliance IndustriesDirector of Bank of America

Net worth US$27 billion (2011)[2]

Religion Hinduism

Spouse Nita Ambani

Children Akash, Anant, Isha[3]

Parents Dhirubhai AmbaniKokilaben 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 conglomerate Reliance Industries ,[4] 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 on Foreign 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 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.

CAREER

He joined Reliance Industries in 1981. 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.

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 PetroleumChairman of the Board, Reliance PetroleumChairman and Chairman of Audit

Committee, Reliance Retail Limited.Chairman, Reliance Exploration and Production

DMCCDirector, Member of Credit Committee and

Member of Compensation & Benefits Committee, Bank of America Corporation

AWARDS & HONOURS

Year of Award or Honor

Name of Award or Honor

Awarding Organization

2010Global Vision

Award at The Awards Dinner

Asia Society

2010Business

Leader of the Year

NDTV India

2010Businessman of

the YearFinancial

Chronicle

2010Juran Quality

Medal for 2009

Indian Merchant's Chamber (IMC)

2010 School of Engineering and Applied Science

University of Pennsylvania.

Dean's Medal

2007

United States-India Business Council Leadership Award

United States-India Business Council.

2007Chitralekha

Person of the Year Award

Government of Gujarat.

2004World

Communication Award

Total Telecom.

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 Development's (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 India's 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 Billionaires by Residence

Diameter of disc reflects size of fortune. The red

disc indicates Mukesh Ambani

BIBLIOGRAPHY

I Took reference from WIKIPEDIA and I uploaded pictures from google.

I like to thank my teacher for giving us interesting topic and for helping me in doing my project.

THANK YOU !!