Who is ambani

I and my family are grateful we have moved beyond the past, and are deeply touched with this gesture," said a company spokesperson in a statement sent to the media. Over the past 4 years, across its subsidiary and JV businesses, RBL has seen just about flat revenue growth. Different as the reasons and modalities were in the split of the two business groups above, there is one thread of commonality — keeping the family together.

Anil Ambani, the younger son of Reliance Industries founder Dhirubhai Ambani, is in a tight spot, unlike his elder brother Mukesh Ambani, Asia's richest person. The Reliance Industries AGM is one big family affair with the entire Ambani clan in attendance, and shareholders sharing anecdotes. While the Tata VS Mistry has been the recent showdown, a walk down the memory lane brings to light the fact that they're not the only boardroom battles of India Inc.

Have you read these stories? ET NOW. Brand Solutions. Video series featuring innovators. ET Financial Inclusion Summit.

Malaria Mukt Bharat. Wealth Wise Series How they can help in wealth creation. Honouring Exemplary Boards. Deep Dive Into Cryptocurrency. ET Markets Conclave — Cryptocurrency. Reshape Tomorrow Tomorrow is different. Let's reshape it today. Corning Gorilla Glass TougherTogether. ET India Inc. ET Engage. ET Secure IT. Irresistible public offerings!

The hits and misses in India's IPO history Dhirubhai Ambani is credited with starting the retail investor cult in India, when he publicly listed Reliance in the late s. In , Rasikbhai died and the next year in , Mukesh Ambani's father suffered a stroke. It was at this time that all the responsibility was shifted to Mukesh Ambani being the eldest son of the family.

At the age of 24 years, Ambani was given charge of the construction of Patalganga petrochemical plant. On July 6, , Mukesh's father died suffering a second stroke. This elevated tensions between the brothers as Dhirubhai didn't leave any will for the distribution of the empire. Their mother, Kokilaben Ambani, solved the dispute by splitting the company into two.

Under Mukesh Ambani's guidance, the company built the world's largest grassroots petroleum refinery at Jamnagar, India and can produce , barrels per day in the year In December , Mukesh Ambani announced a collaborative venture with Bharti Airtel to set up a digital infrastructure for the 4G network in India. On June 18, , he announced an investment of Rs 1.

The smartphone was India's third-largest selling smartphone that year. In September that year, Jio 4G was launched commercially. University of Baroda. Mukesh Ambani has been listed consistently as India's richest man over a decade by the Forbes Magazine. In addition to this, he is the only businessman of India on Forbe's list of the world's most powerful people. In January , he was ranked 18 by the Forbe's in its list of the wealthiest person in the world.

He also became the first non-American to be the Director of Bank of America. In , Forbes listed him among the richest sports owners in the world. JioMeet: What is it, its features, devices supporting, how to download and more. Are you worried or stressed? Click here for Expert Advice.

Comment 0. Post Comment. Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published.

Please use a genuine email ID and provide your name, to avoid rejection. Let us look at the early life, education and success story of the owner of Reliance Industries-- Mukesh Ambani.