Mr. Mukesh D. Ambani (DIN 00001695) is a Chemical Engineer from the Institute of Chemical Technology, Mumbai (then Department of Technology, University of Mumbai). He pursued an MBA at Stanford University in the US. He has been on the Board of Trustees since 1977. He embarked on a relentless journey of Reliance integration - from textiles to polyester fibers and went on to petrochemicals and petroleum refining, and advanced to the testing and production of oil and gas. He has created many new world-class production facilities involving various technologies that have increased the production capacity of Reliance petroleum products from less than a million tons to about 21 million tons per year.
In the late 90's, Mr. Mukesh Ambani led the construction of a low-level oil refinery in Jamnagar in Gujarat, India, capable of carrying 660,000 barrels a day (33 million tons a year), and blended it with petroleum chemicals, to generate electricity. , port and associated infrastructure. In addition, he oversaw the setting up of another 580,000-day refinery near the first one in Jamnagar. With a combined purification capacity of 1.24 million barrels of oil per day in one place, Jamnagar has become a global refiner.
He has also led the development of Reliance infrastructure sites and the launch of a pan-India formal marketing network that integrates multiple formats with supply chain infrastructure. Today, Reliance Retail is the largest trading platform in India. He has created a world record for Jio's customer acquisition, a Reliance digital services system. He has led and developed one of the world's most comprehensive 4G wireless networks offering end-to-end solutions that cover a wide range of price across a wide range of digital services in key areas of national interest, such as education, health care, security, financial services, government. -Cites for interaction with citizens, and entertainment.
Education
Ambani attended Hill Grange High School in Peddar Road, Mumbai, along with his brother and Anand Jain, who later became his close friend. [13] After graduating from high school, he studied at St. Xavier's College, Mumbai. [14] He then obtained a BE degree in chemical engineering from the Institute of Chemical Technology. [15] [16]
Ambani later enrolled for an MBA at Stanford University but resigned in 1980 to help his father Reliance, then a small but fast-growing business. [15] The father felt that practical skills were being used by experience and not by sitting in a classroom, so he invited his son to return to India from Stanford to take over the production line at his company. [11]
Ambani was quoted as saying that he was influenced by his teachers William F. Sharpe and Man Mohan Sharma because they were “the kind of professors who make you think outside the box.” [15]
Work
In 1981 he started helping his father Dhirubhai Ambani run their family business, Reliance Industries Limited. By this time, it had already expanded to deal with refinement and the solvent of petrochemicals. The business also integrated products and services into the retail and telecommunications industry. Reliance Retail Ltd., another holding company, is also the largest retailer in India. [17] Reliance's Jio has earned the top five in the country's social media platform since its public launch on September 5, 2016.
Since 2016, Ambani has been ranked 36th and has held the title of the richest man in India on Forbes magazine for the past ten years. [18] He is the only Indian businessman on the Forbes list of the world's most powerful people. [19] As of October 2020, Mukesh Ambani was listed by Forbes as the richest man in the world. [6] Passed by Jack Ma, executive chairman of Alibaba Group, he became the richest man in Asia with a total value of $ 44.3 billion in July 2018. He is also the richest man in the world outside of North America and Europe. [20] Since 2015, Ambani has been ranked fifth among Indian philanthropists, according to the Hurun Research Institute of China. [21] He was appointed Director of the Bank of America and was the first non-American to serve on its board. [22]
With Reliance, he also owns the Indian Premier League franchise Mumbai Indians and is the founder of the Indian Super League, a football league in India. [23] In 2012, Forbes named him one of the richest sports owners in the world. [24] He lives in the Antilia Building, one of the world's most expensive private resorts and has a value of $ 1 billion. [25]
Time line
1980-1990s
In 1980, the Indian government under Indira Gandhi launched PFY (polyester filament) in the private sector. Dhirubhai Ambani has applied for a license to establish the PFY manufacturing industry. Obtaining a license was a lengthy process that required a strong connection between the bureaucracy system because the government, at the time, imposed restrictions on the production of large quantities, making it impossible to import textile material. Despite fierce competition from Tatas, Birlas and 43 others, Dhirubhai was awarded a license, commonly known as License Raj. [27] To help him build a PFY plant, Dhirubhai took his eldest son to Stanford, where he was studying for his MBA, to work with him in the company. Ambani did not return to his university program, which led to the merger behind Reliance, where companies hired their suppliers to generate more revenue and improve efficiency, in 1981 from textiles to polyester fibers and to continued petrochemicals, from which fibers made there. [4] After joining the company, he reported daily to Rasikbhai Meswani, the director general at the time. The company was built from scratch with the goal of having everyone participate in the business and is not too dependent on selected people. Dhirubhai treated him as a business partner allowing him the freedom to donate
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