Friday, September 26, 2008

Mukesh Ambani:-


Mukesh Ambani: chairman, managing director and the largest shareholder of Reliance Industries,
Born:- April 19, 1957 (1957-04-19) Colony of Aden, Yemen.
Mukesh Ambani (born April 19, 1957 in Yemen) is an Indian businessman and the world's fifth richest man, with a net worth of approximately $43 billion. He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune 500 company. His personal stake in Reliance Industries is 48%. His wealth is valued at US$43 billion (according to Forbes), making him the fifth richest man in the world and the richest in Asia.
Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani. Mukesh also owns the Indian Premier League team Mumbai Indians.
Education:- Mukesh Ambani completed his graduation with a bachelors degree in chemical engineering from the University Institute of Chemical Technology (UDCT), Mumbai. Mukesh later pursued an MBA (he did not complete the course) from Stanford University.
Career:- Mukesh Ambani joined Reliance in 1981 and initiated Reliance's backward integration from textiles into polyester fibres and further into petrochemicals. In this process, he directed the creation of 60 new, world-class manufacturing facilities involving diverse technologies that have raised Reliance's manufacturing capacities from less than a million tonnes to twelve million tonnes per year.
He directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, Gujarat, India, with a present capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure, at an investment of Rs 100000 crore (nearly $26 billion USD).
Mukesh Ambani set up one of the largest telecommunications companies in India in the form of Reliance Communications (formerly Reliance Infocom) Limited. However, Reliance Infocom now is under Anil Dhirubhai Ambani Group post the brothers' split.Had the two brothers not split, and Mukesh being the president , his net worth would have been around $85 billion ,making him the richest man on earth ever by a huge margin. Under Ambani's leadership, Reliance has entered retail business through its wholly owned subsidiary Reliance Retail.
Under him Reliance Retail has also launched a new chain called Delight stores and also signed a letter of intent with NOVA Chemicals to make energy-efficient structures for Reliance Retail.
Ambani owns the Indian Premier League team Mumbai Indians. He has also set up the Dhirubhai Ambani International School in Mumbai.
Mukesh Ambani bought the Antilia 49,000 square foot plot in year 2002 and the whole construction will rise to 570 feet with the height of 60 floors though the real construction would be of just 27 floors. The construction is at Altamount Road where the current land rates are at 75000Rs/square feet and 6 floors are already completed with the whole construction to be completed by september 2008. The top four floors, with a panoramic view of the city and the Arabian Sea beyond, are expected to be for Ambani, his wife Nita, mother Kokilaben and the couple’s three kids.
The new ambani’s home would have 3 helipads , Six floors for parking, a full floor for car maintenance, Balconies with gardens , Entertainment floor with 50 people seating floor, a refuge floor which would come in use in emergencies, facilities for athletics and a swimming pool, 2 full floors made of glass-front especially for guests of ambanis though BMC(Brihanmumbai Municipal Corporation) officials have announced that the helipad permissions have not yet been granted.
Family:- Mukesh Ambani is son of one of the most prominent businessmen in India, the late Dhirubhai Ambani, an Indian entrepreneur and founder of Reliance Industries.
His brother Anil Ambani heads Reliance Anil Dhirubhai Ambani Group with interests in telecom, power, natural resources, infrastructure and financial services. The Ambani brothers had a well-publicized spat after their father's death, which led to the Reliance Group being split between the two.
Mukesh Ambani is married to Nita Ambani, who looks after the social and charitable arm of Reliance Industries. They have three children: Akash, Isha and Anant.
Mukesh Ambani is currently building the world's most expensive home (valued at $2 billion). This will be a 60-story skyscraper (with only 27 floors) in downtown Mumbai. It may be called Antilia.
His family belongs to Modh Bania, a trading community in Gujarat, a coastal province of India. His mother is Kokilaben Ambani.
www.wikipedia.com

1 comment:

Hitesh Patel said...

nice post friend..about enterpreneur mukesh ambani...
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