Mukesh Ambani

Mukesh Ambani

(born April 19, 1957 in Yemen) is an Indian businessman and the world’s 5th richest man, with a net worth of approximately $20.8 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$20.8 billion (according to Forbes), making him the richest man 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.

Kingdom :

1] Mumbai Indians.
2] Reliance Retial
3] Reliance Power

Education

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.Mukesh later enrolled for an MBA from Stanford University but completed only one year of the two year program.

Mukesh Ambani is a devout Hindu

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 (105,000 m³/d) (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. 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.

Family

Mukesh Ambani and Nita Ambani

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.

Achievements

* Chosen the businessman of the year 2007 by a public poll in India conducted by NDTV.
* Conferred the United States-India Business Council (USIBC) leadership award for “Global Vision” 2007 in Washington.

* Ranked 42nd among the World’s Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by Pricewaterhouse Coopers and published in Financial Times, London, November 2004.

* Conferred the World Communication Award for the Most Influential Person in Telecommunications in 2004 by Total Telecom, October, 2004.

* Chosen Telecom Man of the Year 2004 by Voice and Data magazine, September 2004.

* Ranked 13th in Asia’s Power 25 list of The Most Powerful People in Business published by Fortune magazine, August 2004.

* Conferred the Asia Society Leadership Award by the Asia Society, Washington D.C., USA, May 2004.

* Ranked No.1 for the second consecutive year, in The Power List 2004 published by India Today, March 2004.

* Recorded as the first Trillionaire in India, June 2007.

* Awarded the “Chitralekha Person of the Year Award — 2007″ by Gujarat Chief Minister Narendra Modi.

Anil Ambani (4th June 1959) is an Indian businessman. As of October 2th 2008, his net-worth is estimated to be USD $12.5 billion.
His was the world’s fastest-growing multi-billion-dollar fortune in percentage terms as his wealth tripled in 1 year.

Introduction

Anil Ambani

Father  :  Dhirubhai Ambani
Mother:  Kokilaben Ambani
Brother: Mukesh Ambani
Wife      :  Tina Ambani ( Munim )
Child     : Anmol & Anshul

Business Empire :

* Dhirubhai Ambani Institute of Information and Communication Technology
* Forbes.com: Forbes World’s Richest People
* Reliance ADAG
* Reliance India Call
* Reliance Communications
* Reliance Energy
* Reliance Capital
* Reliance World
* Reliance Life Insurance
* Reliance General Insurance
* Reliance Mutual Fund
* Reliance Portfolio Management
* Reliance Natural Resources
* Reliance Technology Ventures Ltd
* Reliance Money
* Reliance Health
* Adlabs Films
* Adlabs Cinemas Interests

Anil Ambani

1]Football
2] Movies
3] Marathon Run( Always Been the Limelight over it)
4] Politics

Ambani is the chairman of Reliance Capital, Reliance Communications and Chairman & Managing Director, Reliance Energy, and was formerly Vice Chairman and Managing Director of Reliance Industries Limited. His personal stake in Reliance Communications is 66%. Reliance group is India’s largest business house, founded by Anil’s late father Dhirubhai Ambani (1932-2002). . He is married to Tina Ambani (Munim) who was a well known Indian Actress in early 80′s, and with whom he has two sons, Jai Anmol and Jai Anshul. He has been linked with buying Newcastle United and Everton premier league football clubs, as well as Championship Club Southampton’s south coast rival Portsmouth.

The total investors’ wealth in the four Anil Ambani Group firms — Reliance Communications (RCOM), Reliance Capital (RCL), Reliance Energy (REL) and Reliance Natural Resources Ltd (RNRL) has reached 1,42,384 crore rupees(i.e $ 31640888888 ), while total promoter holding is estimated at about Rs 87,000 crore. Anil’s wealth comes mostly from his over 65 per cent stake in RCOM, which has a market cap of about Rs 1,03,000 crore. He also has over 50 per cent in RCL (market cap of Rs 24,000 crore), 35 per cent in REL (market cap of Rs 12,700 crore) and close to 54 per cent in RNRL, which has a market cap of about Rs 2,600 crore.His net worth subsequently plunges by over 60% owing to poor stock market condition in India led by ADAG stocks.[3].
Career

Anil Ambani joined Reliance, the company founded by his late father Dhirubhai Ambani, in 1983 as Co-Chief Executive Officer and is credited with having pioneered many financial innovations in the Indian capital markets. For example, he led India’s first forays into overseas capital markets with international public offerings of global depositary receipts, convertibles and bonds. He directed Reliance in its efforts to raise, since 1991, around US$2 billion from overseas financial markets; with a 100-year Yankee bond issue in January 1997 being the high point, after which people regarded him as a financial wizard. He has steered the Reliance Group to its current status as India’s leading textiles, petroleum, petrochemicals, power, and telecom company.

His Membership’s

Anil was the member of Uttar Pradesh Development Council (this council has now been scrapped). He is also the Chairman of Board of Governors of DA-IICT, Gandhinagar and a member of the Board of Governors of the Indian Institute of Technology, Kanpur. He is member of the Board of Governors, Indian Institute of Management, Ahmedabad. He is also a member of the Central Advisory Committee, Central Electricity Regulatory Commission. In June 2004, Anil was elected as an Independent Member of the Rajya Sabha – Upper House, Parliament of India with the support of the Samajwadi Party. In March 2006, he resigned. In 2007 his name was added to the list of Indian Trillionaires (in terms of Indian Rupee).[citation needed]

He has been linked with several starlets in his long career including his current wife of more than 15 years. He is a close friend of movie star Amitabh Bachchan[citation needed]. One of his major achievements in the entertainment industry is the takeover of Adlabs, the movie production to distribution to multiplex company that owns Mumbai’s only dome theatre.

He recently topped Business Sheet’s “biggest loser” list of business leaders who lost money in the Late 2000s recession [4]

Awards

* Voted Businessman of the Year 2006 by Times of India-TNS poll [1]

* Adjudged as the CEO of the Year at the prestigious Platts Global Energy Awards for 2004.

* Voted ‘MTV Youth Icon of the Year’, September 2003.

* Conferred ‘The Entrepreneur of the Decade Award’ by the Bombay Management Association, October 2002.

* Awarded the First Wharton Indian Alumni Award by the Wharton India Economic Forum (WIEF) in recognition of his contribution to the establishment of Reliance as a global leader in many of its business areas, December 2001.

* Conferred the ‘Businessman of the Year 1997′ award by India’s leading business magazine Business India, December 1997.

Criticism and allegations

Involvement in Notes-for-Vote scandal

Further information: Notes-for-Vote scandal and 2008 Lok Sabha Vote of Confidence

Prominent British think-tank Oxford Analytica quotes:
“

“When four Marxist parties forced a confidence vote (held on July 22) by withdrawing their support over the issue of a nuclear energy deal with the US, Anil played an important role in securing the requisite backing to keep the government intact — at a cost estimated at some three million dollars per vote,” it added.

“Where the SP’s rapprochement with the ruling Congress Party will leave Mukesh and the older Reliance Industries is now a matter of open conjecture.”

Since July 7, when it became clear that Amar Singh, who is considered to be close to Anil Ambani, and his Samajwadi Party (SP) would support the government, the market capitalisation of Anil’s holdings in six companies increased by 24% to Rs 1,41,415 crore. That means, he became richer by almost Rs 27,000 crore [~ USD 7 billion].
”

English Premier League

Ambani was in talks with Everton officials over a deal to takeover the club.

So far, its’s spread over 3.5 million square feet..

572 Reliance Fresh stores across 59 cities

3 Reliance Trends stores Apparel & accessories

4 Reliance Footprint stores-Shoes

5 Reliance Digital stores-Consumer durables

2 Reliance Timeout-Books, music, gift store

4 Reliance iStores-The Apple store

3 Reliance Mart- Hypermart

8 Reliance Super- Minimart

11 Reliance Wellness stores-Wellness products

2 Reliance Jewels stores- Jewellery

1 Reliance Autozone- Automotive speciality store.5

Over the coming fortnight, Ronak Shah, President& CEO, Retail Operations & Strategy, Reliance Retail (RRL), will be on the road, and shuttling
between Delhi, Bangalore and Hyderabad.

Reliance Retail

It’s time for the Reliance Retail juggernaut to unleash three more specialty formats on unsuspecting masses. They’ll all be under the Home umbrella-and the venture could even be called Reliance Home-with separate for-mats for furniture, furnishing and kitchen equipment. That will be yet another launch of yet another specialty format from RRL, in yet another category. Consider the rollout-which Ronak would rather term a “cloudburst,”-so far: Hypermarkets, Reliance Town Centres, supermarkets, convenience stores, specialty stores (digital, health and wellness, apparel, etc.), rural business hubs; in categories like food & grocery, consumer durables & electronics, auto care and lifestyle. The big bang of course has been in foods & grocery, where RRL has 572 Reliance Fresh stores across 59 cities. And there’s the biggest store in India, the hypermart that’s branded Reliance Mart (there are three of them so far), in Ahmedabad, spread over 165,000 sq. ft. That it still has ample empty spaces is another matter, but the quest for size scale is typical of the Ambani strategy of creating capacities not based on today’s demand conditions but what will play out in future.

Ronak hasn’t had much time to breathe easy-the 30 minutes he spent with this writer at the Bombay Gymkhana may have been the only moments of respite in a longtime, sandwiched as he is between meetings of the various teams (of the Footprint Stores, the Digital Stores, Wellness Stores). Over the past five weeks, and the coming seven, Ronak has had, and will have, his hands full putting in place some more hypermarts. By the July the hypermarts will be spread over 1 million sq. ft. Currently, RRL is spread over 3.5 million sq. ft (105 million sq. ft being hogged by the 572 Reliance Fresh Stores selling fruits & vegetables)-all done over the past 17 months, which has company officials boasting that this is the fastest rollout n such a scale in the world. “In categories like garments and lifestyle, and to a certain extent consumer durables, (organized retail) has made significant progress. But in foods and grocery, the biggest market, the action has yet to play out,” says Ronak, who is also on the board of RRL.

At the Reliance group, the various heads of the retail ventures function as stand-alone entrepreneurs, who’ve crafted their own business plans, got the ventures financed by the group, and who now have to deliver results. The common thread running through these various forays is a burning desire to provide quality products and services at the best prices, and in the most convenient setting. For this purpose, Reliance is also attempting to create an efficient global supply chain in an effort to add more value. “We have seen significant progress at the shop-keeping end of organised retail. But the competitive edge will lie with those who are successful in creating an efficient supply chain. The big lacuna today is in logistics and distribution, which also makes it a significant opportunity,” says Ronak.

One of the many significant shifts in strategy at Reliance over the past year has been the eagerness to strike joint ventures. And that’s best manifested in the retail thrust. RRL has joint ventures with Marks & Spencer (for clothing and home ware), Pearl Europe for the launch of a chain of optical stores, and with Office Depot for Office products and services. More such JVs are expected, and arrangement for the flagship business of food & grocery (although no work has begun yet on this front). The rationale for the JV’s, as Ronak points out, out, is two-fold: “There are two advantages of opting for alliances. One, it is the quickest way to scale up to a global standard. And two, one gets a chance to plug the Indian production base onto the global supply chain, which is worth $5-6 trillion today.” Analysts, however, point out that Jv’s are also a way to hedge one’s risk-and Reliance may be doing just that; if the gambit doesn’t pan out, the Jv’s could well turn out to be the perfect exit strategy.

Competitors, most of whom are watching RRL’s rollout with eager eyes, wonder whether the Rs 25,000 crore that Reliance has professed to spend on retail will ever be used up. They point out that the Reliance top brass could well be waiting for paybacks before they make fresh investments (investments made so far are estimated by industry observes at a few thousand crore; RRL officials could not offer a figure). What’s more, point out rivals, the various formats rolled out so far are still experiments, and the biggest rollout has been of the smaller-size Reliance Fresh outlets. The huge hypermarts sound impressive but they don’t mean such if they can’t be filled up. Ronak points out that the 1.65 lakh sq. ft mart is one of its kind, and RRL is currently looking at how to optimize that space; some large specialty retailers are headed these, adds Ronak. Such huge spaces are a matter of concerns, but RRL’s hypermarts will be in the 65,000-70,000 sq. ft range, which are eminently doable. Clearly it’s early days yet for RRL, but thesr’s little doubt: The RRL juggernaut has begun to rumble.

Reliance Retail : The Company CEO : Mukesh Ambani is making Indian Retail a Different Game, with its competitors. He is planning 8 different Outlets in Major for Entering into Indian Retail. He is in now with :

Mukesh Ambani

Reliance I Store’s
Reliance Fresh’s (Green Java)
Reliance FootPrint’s

Just five months after Mukesh Ambani spelt out his retail plans, Reliance’s retail foray has moved at breakneck speed to open its first store in its fresh food format- Reliance Fresh in Hyderabad. CNBC-TV18 takes a look at the new store.

Reliance’s Rs25,000 crore retail foray is being pitched as a friendly neighbourhood store. Dominated by fresh produce, dairy and bread, Reliance Fresh is a compact 2000 sq ft store.

Gunender Kapur, president and CEO, Foods Business, RIL, says, “In this format the focus in on fresh fruits and veggies and staple products that consumers buy very frequently from the shop.”

The efficiency of Reliance’s much talked about farm to folk supply chain is being put to test with this retail launch. This particular store is directly procuring from the farmers of Andhra Pradesh, Karnataka and Tamil Nadu giving it a quality and pricing advantage, something that Reliance hopes will fuel its success.

Private labels across multiple categories are expected to drive Reliance’s retail formats. And with this new store comes the company’s food brand ‘Reliance Select’.

Kapur further adds, “At this point of time we have displayed in stores private labels in staples like rice, dhal, spices etc. so we have got a wide range of categories in which Reliance Select will be available, and in fullness of time we will get into other categories.”

Next in line is Fresh Plus – Reliance’s second retail format likely to be launched next month that will also house a pharmacy, and section for apparel and consumer durables.

And six months later, Reliance hopes to roll out its hypermarket format – 75,000 square feet of multiple brands of apparel, FMCG, groceries and white goods.

For now, the spotlight remains on Reliance Fresh – 40 similar stores are being planned in Hyderabad, 11 of which will open their doors to customers on November 3.

After ITC’s Choupal Fresh and Landmark’s Max Retail stores, Reliance joins the list of retailers who chose Hyderabad to test waters. The city offers real estate at a price that doesn’t quite pinch and a population that’s happy shopping at supermarkets. In fact, FMCG sales through modern trade are highest in Hyderabad.

“R’Comm” the Company Led by Mr. Anil Dhirubhai Ambani, the Parent Company Reliance Industries. Launched its new GSM services in Mumbai.

Launched : 5th Jan’09

Anil Launchig GSM

Project : 10 k Crore

Market: 11,000 Towns

GSM Plans : sub-Rs 300 ARPU

Sim Card : 25 Rs.

Introducing :  Network  offering Digital Voice clarity and upto 100% cost savings for the cost-conscious mobile user users.

Free Talk Time of Rs 900 Over 3 Months , divided wisely 10 Rs per day for the first 90 Days of use.  All Local calls for Rupee 1 and STD for flat 1.5 Rs on any Network.

R’comm has launched ‘Customer Experience Programme’ which offers upto 100% savings to sub-Rs 300 ARPU mobile customers in the city of Mumbai at a one-time subscription charge (including SIM card) of Rs 25. They have come up with exciting plan’s … some of these are “unlimited calls between 11pm to 6am to any of the Reliance phones in Mumbai, Maharashtra and Goa— translating into 37,800 free on-Net call minutes” .
Various Bonus and Top up Card’s for Free SMS and STD Calling Rates . “The Reliance Mobile GSM entails offering a unique value proposition fine-tuned as per the needs of every segment of the 250 million GSM customers market in the country”, said Dinesh Gulati, regional head, West, Reliance Communications. R’comm Launching their new and conquering plans with Prepaid and Billing. Customers can get the benefit of choosing both “CDMA and GSM” Card’s for this offers. Total Market Of 16 Million Population, their vision is to cover 40 % of the total market within 6 months. This Project was Completed in 15 months, instead they have planned to launch in July’09. They are Six Month’s Ahead. Reliance phones in Mumbai, Maharashtra and Goa translating into 37,800 free on-Net call minutes. Mumbai: With competition hotting up in the mobile services space in India, Anil Ambani-owned Reliance Communications (RComm) on Tuesday launched the much-awaited nationwide global system for mobile communications (GSM) wireless services. RComm, the country’s second-largest mobile-phone operator, will cover 11,000 towns and 3,40,000 villages and will pump in Rs 10,000 crore for the GSM roll out. The roll-out will also include all metroes. The service is expected to cover over 1 million retailers in India. India, the world’s second-largest mobile-phone services market after China, added more than 10 million subscribers for the third straight month in November. Reliance Communications closed at Rs 228.1 on the BSE, up 7.16% or Rs 15.25. Announcing the GSM roll out plans, Anil Ambani, chairman, RComm, said that the company could launch the services six months ahead of schedule. “What has taken other companies 15 years to achieve, we have completed in less than 15 months,” he said, adding that the GSM telephony will complement the group’s CDMA offering to give customers a wider choice. GSM standard accounts for about 75% of India’s 336 million wireless users. The CDMA network of Reliance Comm spans more than 20,000 towns and 450,000 villages and has some 60 million subscribers across the country. Bharti Airtel has 83 million and Vodafone’s Indian unit has 59 million users. “Customers will have a choice now. We have always said we are technology-neutral. Customers marry products and services, and not technology,” Ambani said. The company did not announce the pricing of the services yet, but said it expected good growth in the business as seven out of ten mobile customers are entering the GSM space. For RComm, all the growth has been from CDMA, but the GSM roll-out will enhance market share, Ambani said.
With the launch of its GSM service, Reliance’s customers will be able to use the widest range of over 250 handsets and devices compared to any other operator in India. Reliance’s customers can now roam on more networks globally in more than 200 countries – offering the widest choice available to customers in India, a company statement said.

Stating that the company looks forward to participating in the 3G auction in 2009, Ambani said that his company may spend between Rs 2,000 crore and Rs 4,000 crore on 3G services.

Meanwhile, RComm on Monday also said that it has repurchased 250 zero coupon foreign currency convertible bonds (FCCBs) each of $1,00,000 aggregating to Rs

The First March  In Maharashtra:

Retail Foot Print The 10th Store

Reliance the So Called King of India Market’s have launched its first Footwear Retail Outlet At Thane, They have entered merely every Market In India. Reliance Planning More than 340 new Ventures this Year 2009. Approx Daily new Ventures with their Parent Company. Mr. Anil and Mr. Mukesh would build on 3 million square feet’s this year.

Reliance Footprint, a Reliance Retail venture, on Saturday launched its 10th store and the first in Maharashtra at Thane near Mumbai.

“Reliance Footprint is the destination for footwear for the entire family for every conceivable occasion,” Reliance Footprint Chief Executive Ronak Shah told reporters here while inaugurating the store.

The company already has stores in Bangalore, Chennai, Hyderabad, Kochi, New Delhi, Noida, Ludhiana and Mangalore.

Reliance Footprint opened another store in Jaipur on Saturday.

It plans to open 15 more stores in the country by the end of the financial year, taking the total number to 25.

“We plan to have around 200 stores covering all metros and Tier-II cities in the next 3-4 years, of which Mumbai may have 8-9,” Mr. Sankar said adding the company’s plan was to open an average of 30 stores a year.

Market share

Of the Rs. 15,000-crore footwear market, expected to grow to Rs. 25,000 crore in the next four years,

Reliance Footprint was aspiring for a 10-15 per cent market share, he said.

The stores, ranging from 6,000 sq. ft. to 10,000 sq. ft. with an average investment of about Rs. 5 crore, house about 50 brands of footwear and other accessories, including national, international and private labels.

Special needs

Since the format is positioning itself as a ‘destination for footwear’, the company is looking at providing products for special needs such as for diabetic patients, who require soft soles, he said.

Reliance Footprint is also launching an in-house brand ‘Tender Sole’, which will be available in stores soon.