Anil Ambani Biography

About Anil Ambani

In 1983, Anil Ambani joined Reliance, a conglomerate company founded by his late father, as the Co-Chief Executive Officer. He has also pioneered in initiating many financial innovations in the Indian capital market, some of which were leading India's first forays into overseas capital markets with international public offerings of global depositary receipts, convertibles and bonds.

Under his leadership Reliance has been raising around US$2 billion from the overseas financial markets, since 1991. The 100-year Yankee bond was launched under his leadership. The two Ambani brothers took Reliance Group to great heights and due to their effort and intelligence it enjoys its current status as India's leading textiles, petroleum, petrochemicals, power and telecommunication company. Anil Ambani was also elected as the Independent Member of the Rajya Sabha- Upper Sabha, Parliament of India with the support of the Samajwadi Party, in June 2004.

He has been linked with several Bollywood personalities like Amitabh Bachchan and Subrata Roy who are close friends. His major achievement in the entertainment industry has been the takeover of Adlabs. Though his professional life leaves him almost no time to rejuvenate, he makes a point to stay fit, physically and mentally. He's an active participant in various marathons. He is a vegetarian and abstains from alcohol. He wakes up early and goes for a run everyday.

Personal Background of Anil Ambani

He is the younger son to Dhirubhai Ambani and Kokilaben. He has an elder brother, Mukesh Ambani and two sisters, Nina Kothari and Deepti Salgaonkar. His father, Dhirubhai Ambani was an Indian Business magnate and entrepreneur who founded Reliance industries, petrochemicals, communications, power and textiles, a conglomerate company.

The environment in which he had spent his childhood was that of a stereotypical Indian joint family. Even though he is well educated, he had been brought up to pay more attention on non-academical activities, rather on academical ones, by his father. By the time Anil grew up into an adult, his father had set up the first office of Reliance Commercial Cooperation and Reliance Textiles.

Early in the 1970’s the Ambani family lived in a two bedroom apartment in Bhuleshwar, Mumbai. Later, Dhirubhai Ambani purchased a 14-floor apartment in Colaba, for the family, where until recently, the two Ambani brothers lived with their families on separate floors.

Anil Ambani is a highly educated billionaire, unlike many billionaires around the world who are drop outs. His educational qualifications are excellent. He pursued his Bachelors degree in Science from the University of Mumbai, and later went up to USA for his Masters in Business Administration at The Wharton School, University of Pennsylvania.

Anil Ambani is married to Indian Bollywood Actress, Tina Munim and has two sons, Anmol and Anshul. Tina Ambani, wife of this powerful scion of the Corporate India, is also the Managing Director of Reliance Industries. She has worked in the film industry for about 10 years.

Anil and Mukesh Ambani Split

It all started when Anil Ambani was said to be embroiled in a dispute with his brother, Mukesh Ambani, over the supply of gas which led to the split of the Reliance Group and after which Anil Ambani founded the “Anil Dhirubhai Ambani Group”. Anil Ambani is the Chairman of Reliance Communications, Reliance Capital, Reliance Energy, and Reliance Natural Resources Limited.

Obstacles Faced by Anil Ambani

• The chairman of Reliance Group, which makes movies to metro lines, had a close shave with jail time in March before his elder brother and Asia's richest man, Mukesh Ambani, bailed him out at the last minute. The woes of the ex-billionaire came to the fore when the Supreme Court asked him to pay Ericsson AB's India unit about $77 million of past dues or go to jail since Anil Ambani, 60, had given a personal guarantee. His telecom carrier slipped into insolvency this year, while unprofitable Reliance Naval & Engineering Ltd. faced a cash crunch. Reliance Capital Ltd. is selling assets to pare debt. Ambani is also fending off Chinese lenders in a London court. 'My Net Worth Now Zero,' Says Anil Ambani
• Anil Ambani has been ordered to set aside $100 million in his dispute with 3 Chinese banks.
• The lawsuit was filed by three state-controlled Chinese banks, which argue that they provided a loan of $925 million to Ambani's Reliance Communications Ltd. in 2012 with the condition that he personally guarantee the debt. Judge David Waksman overseeing the case ordered Ambani to put up $100 million into the court's account within six weeks.
• In the late 2000s Anil Ambani's name was entered into the Business sheet's “World's biggest loser” list of business leaders after losing $32.5 billion in 2008, due to which he lost his position in the top ten list and came down to number 34 in 2009.
• He was even interrogated by the Central Bureau of investigation, and is allegedly a suspect in the 2G spectrum scam.

TAwards and Achievements won by Anil Ambani

Anil Ambani, is the Chairman of Anil Dhirubhai Ambani Group, with a net worth of US $ 12.5 billion. He was voted the 3rd most powerful person in India in 2009 (March) India Today Power List.

He has a long list of awards, laurels and recognitions. Anil Ambani has been constantly grabbing headlines almost everyday due to his activities or achievements.

• In 2006, he was voted as the Businessman of the Year in Times of India poll.
• Earlier in 2004, he was adjudged as the CEO of the year at the Platts Global Energy Awards.
• Not only is he a well-known personality in the corporate world, he's equally famous among the youth as well, which is evident from, him being voted the “Mtv Youth Icon of the Year” for the year 2003.

Reliance Group- Company Profile

The Reliance Group is among India’s top three private sector business houses on all major financial parameters, with a market capitalization of Rs.325,000 crores (US$ 81 billion), net assets in excess of Rs.115,000 crores (US$ 29 billion), and net worth to the tune of Rs.55,000 crores (US$ 14 billion). Across different countries, the group has a customer base of over 100 million, the largest in India, and a shareholder base of over 12 million, among the largest in the world.

Through its products and services, the Reliance Group touches the life of 1 in 10 Indians every single day. It has a business presence that extends to over 20000 towns and 4.5 lakhs villages in India, and 5 continents across the world.

The interests of the Group range from communications (Reliance Communications) and financial services (Reliance Capital Ltd), to generation, transmission and distribution of power (Reliance Energy), infrastructure and entertainment.

Philosophy of Reliance Group

Bold: Vision To build a global enterprise for all our stakeholders and a great future for our country, to give millions of young Indians the power to shape their destiny and the means to realize their full potential.

Value

• Shareholder Interest
• People care
• Consumer Focus
• Excellence In Execution
• Team Work
• Proactive Innovation
• Leadership by Empowerment
• Social Responsibility
• Respect for Competition

Mission
“To attract, nurture, grow and retain the best leadership talent in every sector and industry they operate in”.

Last Updated on February 21 2020