Mukesh Dhirubhai Ambani is an Indian Business mogul who has exerted his intellect and business management skill to build an empire listed among the fortune global 500 company, which is also India’s second most valuable company by market value known as Reliance Industries Limited.
He is the elder son of an astute business leader, late Dihrubhai Ambani and played a vital role in bringing Reliance Industries to an utmost height over the years as an intelligent business man. He was able to overcome competition with his rival tycoons like Birlas and Tatas.
Reliance industries deal mainly on petrochemicals, refining, retail, oil and gas with Mukesh Ambani serving as the chairman, managing director, and holds the largest share of 44.7% stake in the company.
He has also served on the board of directors of the international council on foreign relations and the Bank of America; other positions Mukesh served are member of board of governors institute of chemical technology, Mumbai; chairman, managing director, chairman of finance committee and member of employees stock compensation committee, Reliance industry limited.
Mukesh did set up Reliance communication limited which offered information and communication technology initiative. He also launched his own 4G smartphone brand called LYF with his firm jio sim services in February, 2016 which became the third highest selling brand in in India by June, 2016.
Alongside the rapid development of his Fortune global 500 company, Mukesh always appeared on headlines for his diversification into other industries and his lavish lifestyle which is evident in his skyscraper home known as Antilla and rated as one of the world expensive property worth US $1billion by Forbes magazine.
The creation of the world’s largest grassroots petroleum refinery in jamnagar, India was led by Mukesh Ambani, it has the capacity to produce 660,000 barrels per day, which is 33 million tonnes per year in 2010. This was also integrated with power generation, petrochemicals, port and related infrastructure.
With Mukesh Ambani, it is not always success and wealth as he has gone through hard times too. After the demise of his father, Dhirubhai Ambani, he had a fight with his younger brother, who is a business mogul and chairman of Reliance ADA Group, this was settled amicably by their mother, Kokilaben Ambani by sharing the business empire their father started building between the two of them.
Apart from his brother drama, the NDA government fined Mukesh firm Reliance Industry Limited with the sum of $579million for gas production shortfall, he was also accused of other business malpractices and his involvement with the Indian government affairs.
All these did not deter him but made him stronger as he was able to build his business empire to an enviable state with him diversifying into other areas. This in the end made him the only Indian listed in forbes list with a total net worth of 25.4 billion USD and of course making him the richest person in India with his business empire, Reliance Industries as the largest private sector enterprise in india.
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