Biography
Early Life
Mukesh Ambani was born on April 19th, 1957 to Indian Business Legend Dhirubhai Ambani and his wife Kokilaben Ambani. He has three siblings, one younger brother, Anil Ambani and two sisters, Deepti Salgaocar and Nina Kothari. The family lived in a modest two-bedroom apartment till the late 1970s in Bhuleshwar, Mumbai.
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| Mukesh Ambani's Family Photo |
Education
Mukesh attended the Hill Grange High School at Peddar Road in Mumbai where he was a classmate of Anand Jain, who is his close associate now. His brother also attended the same school as him.
After completing his high school in Mumbai he got a BE Degree in Chemical Engineering from Institute of Chemical technology at Matunga. He also started his MBA at Stanford University but he had to discontinue his studies to assist his father in the family startup company, Reliance, which was growing fast at the time.
Beginning
After joining the business, Mukesh Ambani played a pivotal role in growing the business legacy and diversified into new sectors. Under his leadership, Reliance Industries made a foray into sectors like petroleum refining, petrochemicals and gas exploration. He also set up Reliance Infocomm Limited (presently Reliance Communications Limited).
Career
In 1980, the Indian government under Indira Gandhi opened PFY (polyester filament yarn) manufacturing to the private sector. Dhirubhai Ambani applied for a license to set up a PFY manufacturing plant. In spite of stiff competition from Tatas, Birlas and 43 others, Dhirubhai was awarded the licence. To help him build the PFY plant, Dhirubhai pulled his eldest son Mukesh out of Stanford where he was studying for his MBA. Mukesh Ambani, then discontinued the program to help his father and initiated Reliance's backward integration from textiles into polyester fibres and further into petrochemicals, beginning in 1981.
Mukesh Ambani set up Reliance Infocomm Limited (now Reliance Communications Limited), which was focused on information and communications technology initiatives.
Ambani directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, India, which had the capacity to produce 660,000 barrels per day (33 million tonnes per year) in 2010, integrated with petrochemicals, power generation, port and related infrastructure.
In 2010, Mukesh Ambani set up the biggest grassroots petroleum refinery plant in Jamnagar. With his initiative, manufacturing capacity of Reliance's Petrochemicals has grown substantially as per industry sources. The company has also become a leading player in the retail sector, under his leadership and endeavors.
In December 2013 Ambani announced, at the Progressive Punjab Summit in Mohali, the possibility of a "collaborative venture" with Bharti Airtel in setting up digital infrastructure for the 4G network in India.
On 18 June 2014, Mukesh Ambani, addressing the 40th AGM of Reliance Industries, said it will invest Rs 1.8 trillion (short scale) across businesses in the next three years and launch 4G broadband services in 2015.
In February 2016, Mukesh Ambani-led Jio launched its own 4G smartphone brand named LYF. In June 2016, it was India's third-largest-selling mobile phone brand.
"Mukesh Ambani announced a few months back that Reliance Jio Infocomm will launch 4G services in the commercial capacity in 2015, incurring a whopping 70,000 crore investment in India. It will use the pan-India BWA spectrum for the 4G service rollout, which will cover almost 90 percent of urban regions and more than 215,000 villages. It is being deemed as an aggressive move by industry analysts at a time when telecom companies are vying for 4G dominance."
Personal Life
Mukesh Ambani is married to Nita Ambani and they have three children. Two sons, Akash and Anant and a daughter Isha. He lives with his family in Mumbai in an apartment of a private 27 storeyed building named Antillia.
His residence is known to be one of the most expensive residential places ever built in the world. It is currently valued at over $ 1 billion.
Quotes
“Everybody has equal opportunity and I think that is true for everything."
“You have to manage money. Particularly with market economies. You may have a great product, but if your bottom line bustm then that’s it.”
“I think that our fundamental belief is that for us growth is a way of life and we have to grow at all times.”
“I don’t think that ambition should not be in the dictionary of entrepreneurs. But our ambition should be realistic. You have to realise that you can’t do everything.”
“I personally think that money can do very little. And this has been my experience all across.”
“Relationships and trust. This is the bedrock of life."
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