LAHORE SCHOOL OF ECONOMICS

Mukesh Ambani

Introduction
Mukesh Ambani is an Indian business magnate who is the chairman,
managing director and largest shareholder of Reliance Industries
Limited (RIL), a Fortune Global 500 company and India's second most
valuable company bymarket value. He holds a 44.7% stake in the
company. He is the elder son of the late Dhirubhai Ambani and
Kokilaben Ambani and the brother of Anil Ambani. RIL deals mainly in
refining, petrochemicals, and in the oil and gas sectors. Reliance
Retail Ltd., another subsidiary, is the largest retailer in India. He was
passionate about Business and Entrepreneurship since childhood.
Mukesh Dhirubhai Ambani has an estimated net worth of $19.5 billion.
Education
He did his schooling from Hill Grange High School, Mumbai. Ambani
earned a bachelors degree in chemical engineering from the
University of Bombay (now the University of Mumbai) and
subsequently pursued a masters degree in business administration
from Stanford University. However, he left the program in 1981 to join
the family business.

Career
Mukesh Ambani joined Reliance in 1981 and was the brain behind
Reliance's backward integration from textiles into polyester fibres and
further into petrochemicals. During the process of backward
integration, Mukesh Ambani led the creation of 51 new, world-class
manufacturing facilities involving diverse technologies that raised
Reliance's manufacturing capacities manifold. World's largest
grassroots petroleum refinery at Jamnagar is the brainchild of Mukesh
Ambani. He has served on the board of directors of Bank of America
Corporation and the international advisory board of the Council on
Foreign Relations. Mukesh Ambani is also the owner of an Indian
Premier League team, the Mumbai Indians.
Reliance Industries
It is the largest private sector enterprise in India. It has a market
capitalization of over $71 billion. The group is present in many
business sectors across India including petrochemicals, construction,
communications, energy, health care, science and technology, natural
resources, retail, textiles, and logistics. The company is ranked No. 99
on the Fortune Global 500 list of the world's biggest corporations, as of

2013. It contributes to 3.6% of Indias GDP. RIL has one of the largest
refining and petrochemical producers in the world.

Awards and Achievements

Mukesh Ambani has many achievements and honours to his name.
Mukesh Ambani was chosen as the ET Business leader of the Year
2007. He was ranked 42nd among the World's Most Respected
Business Leaders and second among the four Indian CEOs featured in a
survey conducted by PricewaterhouseCoopers and published in
Financial Times, London, November 2004. He was conferred the World
Communication Award for the Most Influential Person in
Telecommunications in 2004 by Total Telecom, October, 2004. Mukesh
Ambani was also conferred the Asia Society Leadership Award by the
Asia Society, Washington D.C., USA,. He was awarded the Chitralekha
Person of the Year Award. He was also the former chairman of IIM-B
Future Plans
Recently, he also entered into an agreement with Haryana Government
to establish a Special Economic Zone (SEZ) with an investment running
into thousands of crores. He is also planning to venture into

Biotechnology and Agriculture. Furthermore, He plans to Venturing in

the deep water oil and gas exploration and production from offshore