The chairman and the MD of Reliance Industries Limited, Mr. Mukesh Dhirubhai Ambani (Mukesh D. Ambani), is the second richest man of Asia and the richest man of India. Mukesh Ambani is the elder son of India’s extraordinary business tycoon the Dhirubhai Ambani.
At a young age, the Dhirubhai Ambani went to Yemen and started a small job for 300 RS per month. However, he never felt tired. At the same time, he was doing part-time jobs at Yemen to earn more. After the independence of Yemen, he returned to India.
Wife- Kokila Bahen
Children- Mukesh Ambani, Anil Ambani, Nina Kothari, Deepti Salgaonkar
History of Reliance
The Dhirubhai Ambani started to do a small business of spices with his cousin with an investment of 15,000 RS.
In the year 1957, the Dhirubhai Ambani (28 December 1932 – 6 July 2002) started polyester yarn trading on a small 500 sq. Ft. office in Masjid Bunder, Mumbai.
Don’t give up. Courage is my conviction
— Dhirubhai Ambani
When they started, there was no demand for polyester yarn in the Indian market. However, with talent and experience, the Dhirubhai Ambani created a need in the Indian market. After some years, the relationship between the Dhirubhai Ambani and his cousin lost the spice, and in the meantime, the total turnover of the company was near about ten lack rupees. So, both of them got separated from the joint venture.
- Founded- 1966
- First IPO- 1977
- Mukesh Ambani Joined- 1982
- Anil Ambani Joined- 1983
- New Name “Reliance Industries Limited” Formed- 1985
- Hazira Petrochemical Plant Commissioned- 1991-92
- Incoming of Overseas Capital Market For Fund- 1993
- Reliance Enters into Telecom Industries- 1995
- Net Profit of Reliance Crossed RS. 1000 Crore- 1996
- Reliance Gas- 1998-99
- Death of Dhirubhai Ambani- 2002
- Business Split between Mukesh Ambani & Anil Ambani- 2005
After that, the Dhirubhai Ambani started “Reliance Commercial Corporation,” and soon he established “Reliance Textiles Limited.” After that, he never looked back. The “Reliance Group” never stopped.
The Dhirubhai Ambani had two sons named “Mukesh Ambani” & “Anil Ambani.” After graduation, both of them joined the father’s business. Mukesh Ambani was the elder son of the Dhirubhai Ambani and was an expert in business operation while Anil Ambani was an expert on finance and relationship development.
After the death of the Dhirubhai Ambani, both of them divided the father’s business and started to operate individually.
1. Anant Ambani
2. Akash Ambani
3. Isha Ambani
Bachelor of Chemical Engineering
Masters of Business Administration
Company– Reliance Industries Limited
Mukesh Ambani Net Worth 2019– $54 Billion
Mukesh Ambani Net Worth 2007– $45 Billion
1. Jai Anmol Ambani
2. Jai Anshul Ambani
Bachelor of Science
Masters of Business Administration
Company– Reliance ADA Group
Anil Ambani Net Worth 2019– $1.9 Billion
Anil Ambani Net Worth 2007– $45 Billion
Mukesh Ambani Rescued Anil Ambani From Court
Indian business tycoon the Dhirubhai Ambani’s youngest son Anil Ambani was accused of debt repayment charges by the Swedish company “Erricson”. The Indian government said that Anil Ambani has to pay the debt of “Erricson” which was about Rs 462 Crore. But Anil Ambani was not eligible to pay this because he had crossed the loan overdraft limit of the Banks. However, there was no way left for Anil Ambani to get away from jail sentences.
But a famous poet said, “family is family, blood talks”. Though the relation between the brothers Mukesh Ambani and Anil Ambani was not good enough, Mukesh Ambani came to help his brother. The chairman of Reliance Industries Limited Mukesh Ambani paid the debt of “Erricson” Rs 462 Crore and saved Anil Ambani from jail sentences. At the same time, Mukesh Ambani proved that the Dhirubhai Ambani taught his children to value relationships. Anil Ambani once forgot the upbringing of the Dhirubhai Ambani and Smt. Kokila Bahen, but Mukesh Ambani did not.
As a person, Mukesh Ambani is down to earth. The upbringing of the Dhirubhai Ambani still exists in Mukesh Ambani, who did his duty and responsibility as the elder brother.