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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 !!