Anil Ambani Essay

Anil Dhirubhai Ambani – a Bachelor in Science from the University of Bombay (Now, University of Mumbai) and Masters in Business Administration from the Wharton School at the University of Pennsylvania was born on June 4, 1959; is the second and the youngest son of Dhirubhai Ambani a famous Indian Business Tycoon. His mother is Kokilaben Ambani; he is married to Tina Ambani who is an Indian Actress and has two sons Jai Anmol and Jai Anshul.

He joined Reliance in 1983 as a co-chief executive officer and before the split in Reliance group; he was Vice-Chairman and Managing Director in Reliance Industries Limited (RIL). After the split of Reliance he incorporated Anil Dhirubhai Ambani Group (ADAG), of which he is the Chairman and includes companies like Reliance Communication, Reliance Capital, Reliance Energy, Reliance Natural Resources Ltd. He is a man of courage and conviction; he believed; “It is hope in this wider sense which enabled my father to build, from scratch, one of India’s largest modern enterprises.

His was an undertaking powered by hard work, initiative, self-belief but, above all else, the capacity, as he would often say, “to dream with your eyes wide open”. He is the President of the Dhirubhai Ambani Institute of Information and Communication Technology, Gandhinagar; and a member of Wharton Board of Overseers; The Wharton School, USA; Board of Governors, Indian Institute of Management (IIM), Ahmedabad; Board of Governors, Indian Institute of Technology (IIT), Kanpur; Executive Board, Indian School of Business (ISB), Hyderabad.

He raised $ 3 billion from the highly anticipated Initial Public Offering of Reliance Power in less than 15 months, which is the biggest in Indian history. As of October 6, 2007, his total net worth is US$ 42billion and his personal stake in Reliance Communication is 66%. Forbes magazine listed his as the sixth richest man in the world after his brother Mukesh Ambani. Since his wealth tripled in only one year in percentage terms he was the world’s fastest-growing multi-billion-dollar individual.

And his success mantra is, “I think you have to work with people, and when I talk about managing relationships, don’t think the derogatory ”managed relationships”. It is a question of sharing emotion and feelings. The common denominator of everything can’t be money, and it should not be money”. He was awarded several awards and recognitions like: – o “Businessman of the Year 1997” by Business India. o “MTV Youth Icon of the Year” in September 2003. o “CEO of the Year 2004” in the Platts Global Energy Awards. o “The Entrepreneur of the Decade Award” by the Bombay Management Association. “Businessman of the Year 2006” by The Times of India. o “Best Role Model” in the pool conducted by India Today Magazine in August 2006. o “First Wharton Indian Alumni Award” by the Wharton India Economic Forum (WIEF). o “Leaders of the millennium in Business and Finance” by Asiaweek Magazine. Rupal Jain, Lecturer, Atharva Institute of Management Studies (Mumbai), and I can be reached at jainrupal@sify. com Article

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