By justifying his very own ‘business magnate’ status, Mukesh Ambani has put Indian business right on the forefront of world economy.
With the India business scene growing with every passing hour, one man has truly revolutionized the face of Indian business by bringing India to the global platform. Chairman and Managing Director of Reliance Industries Limited, Mukesh Dhirubhai Ambani has played the instrumental role in taking Reliance Industries to realms even his great father the late Dhirubhai Ambani would have imagined. Like father, Mukesh from a very tender age had the passion for business. In the year 1981, he joined his father business after dropping out of Stanford University. Mukesh soon took over the textiles department before transforming it into polyester fibers. Reliance was certainly taking a new shape under his reins as the company looked to dive into the lucrative oil and chemical market. Soon petrochemicals, petroleum refining and oil and gas exploration and production were added to the portfolio solidifying Reliance Industries position.
By the time petroleum refinery at Jamnagar was resurrected, it was the world’s largest grassroots petroleum refinery that was well capable of production a staggering 660,000 barrels per day which meant 33 million tons per year. The evolutionary plant also integrated petrochemicals and power generation into its illustrious portfolio. Mukesh now had the platform to launch Reliance Industries to great heights.
However, Mukesh’s biggest setback came when he lost his father and mentor Dhirajlal Hirachand Ambani in the year 2002. While his enigmatic father parted ways, Mukesh stood firm in his absence and took the company forward by initiating Reliance Infocomm Limited. At that time it was arguably the most complex information and communications technology in the entire globe. With shares of reliance doing pretty well in the market coupled with loads of foreign investment and associations coming in from all quarters of the globe, Reliance Industries soon became the largest private sector enterprise in India.
With company fortunes breaking into new horizons, Mukesh was soon topping India’s rich list before he finally broke it to the “Forbes rich list” by becoming the 2nd richest person within Asia and 9th richest in the world with an estimated personal wealth of US$27 billion. Although one also has to give a lot of credit to the strong Indian stock market rally that actually appreciated the value of the “Indian Rupee” within the world market thus magnifying the position of Reliance Industries.
In the year 2010, Mukesh Ambani received the highly lucrative distinction of being voted among the powerful people in world by Forbes. Incredibly, Mukesh also received the worthwhile Dean's medal from University of Pennsylvania in the year 2010. However, it wasn’t just the plethora of awards that justified the true status of his power; it was rather his high profile Antilia building situated in Altamont Road in Mumbai that staggered the world with its premium price tag. “Antilia” reportedly cost a staggering 1billion US dollars to build making it making it the world’s richest building.
Nevertheless, within this dynamic business personality, Mukesh undoubtedly is pure family man and most importantly a noble humanitarian. Ambani’s have been traditionally associated with charity work and Mukesh is no different in that way.