NET WORTH : $84 Billion
Born on April 19, 1957, Mukesh Dhirubhai Ambani is an Indian billionaire businessman. At the moment, he serves as managing director and chairman of Reliance Industries, the most valuable corporation in India based on market value. As of August 2023, he is the richest person in Asia and the thirteenth richest person wordwide, with an estimated net worth of $91.2 billion. Known for being a plutocrat at times, he has gained and lost reputation due to allegations of cronyism, market manipulation, political corruption, and exploitation. In the "Titans" section of Time magazine, he was selected as one of the 100 most influential people of 2019.
Early Life
Mukesh Dhirubhai Ambani was born on April 19, 1957, in the Gujarati Hindu household of Dhirubhai and Kokilaben Ambani in the British Crown province of Aden (modern-day Yemen). He has two sisters, Dipti Dattaraj Salgaonkar and Nina Bhadrashyam Kothari, and a younger brother, Anil Ambani.
Ambani's father moved back to India in 1958 to establish a trade company specializing in textiles and spices, thus the family did not spend much time in Yemen. The latter was once known as "Vimal" before being renamed "Only Vimal." Up until the 1970s, his family resided in a small two-bedroom flat in Bhuleshwar, Mumbai. After moving to India, the family's financial situation somewhat improved, but Ambani continued to live in a communal community, take public transit, and never get an allowance.
Education
Ambani, his brother, and Anand Jain—a future close friend—all attended the Hill Grange High School on Peddar Road in Mumbai. Following his high school education, he attended St. Xavier's College in Mumbai. After that, he graduated from the Institute of Chemical Technology with a BE in chemical engineering.
Later, Ambani enrolled at Stanford University to get an MBA, but he dropped out in 1980 to assist his father in building Reliance, which at the time was still a tiny but rapidly expanding business. His father brought his son back to India from Stanford to take charge of a yarn production project at his firm because he believed that real-life skills were developed by experiences rather than by sitting in a classroom.
Ambani is credited as being inspired by Man Mohan Sharma and William F. Sharpe, his instructors, who were "the kind of professors who made you think out of the box."
Career
He began assisting his father Dhirubhai Ambani in the management of the family company, Reliance Industries Limited, in 1981. It had already grown to deal in petrochemicals and refining by this point. Products and services from the retail and telecommunications sectors were also offered by the company. The biggest retailer in India is Reliance Retail Ltd., another affiliate. Since its official launch on September 5, 2016, Reliance's Jio has maintained a top-five position in the nation's communications services [further explanation needed].
Ambani has been India's richest person on Forbes magazine's list for the previous 10 years, and as of 2016, he was rated as the 36th richest person in the world. Among the world's most powerful persons, according to Forbes, he is the sole businessman from India. According to Forbes, Mukesh Ambani was the sixth wealthiest person in the world as of October 2020.With a net worth of $44.3 billion, he eclipsed Alibaba Group executive chairman Jack Ma to become the richest person in Asia in July 2018. In addition, he is the richest individual outside of North America and Europe in the entire globe.
List of all Companies owned by Mukesh Ambani
- Reliance Industries Limited
- Reliance Jio Infocomm Limited
- Network18 Media & Investments Limited
- Reliance Industrial Infrastructure Limited
- Reliance Retial Limited
- Just Dial
- DEN Networks Limited
- Hathway Cable & Datacom Limited
- Reliance Fresh
- Alok Industries Limtied
- Reliance Life Science
- Reliance Power
- Reliance Communications
- Reliance Foundation
- Reliance Petroleum
- Reliance Entertainment
- Jio Platform Limited
- Reliance Energy
- Reliance New Energy Solar Limited
- Reliance Naval and Engineering Limited
- Reliance Digital
RELIANCE INDUSTRIES LIMITED
Mumbai serves as the home base for the global Indian corporation Reliance Industries Limited. Energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles are among its industries. In terms of revenue and market capitalization, Reliance is the biggest publicly traded corporation in India and the 100th largest globally. It is the biggest exporter and private tax payer in India, making about 7% of all exports of goods from the country. The business has a large amount of corporate debt and comparatively little free cash flow.
RIL has around 644.51 crore (6.44 billion) shares outstanding. The Ambani family, the promoter group, owns 50.39% of the total shares, with public shareholders, including FII and corporate organizations, holding the remaining 49.61%. With 6.49% of the company's shares, Life Insurance Corporation of India is the biggest non-promoter stakeholder.
Coporation Year : 1958
Revenue : $120 Billion
RELIANCE JIO INFOCOMM LIMITED
Dependency With its headquarters located in Navi Mumbai, Maharashtra, India, Jio Infocomm Limited, also known as Jio, is an Indian telecommunications firm that is a subsidiary of Jio Platforms. With coverage in all 22 telecom circles, it runs a nationwide LTE network. Jio provides 5G service in a number of cities and 4G and 4G+ service throughout India. It is developing a 6G service.
On December 27, 2015, Jio soft launched as a beta for partners and staff. On September 5, 2016, the service became live for the general public. With more than 42.62 crore (426.2 million) members, it is the biggest mobile network provider in India and the third largest global.
Jio introduced its fiber to the house service in September 2019 and is already providing internet, TV, and phone services at homes. As of September 2020, Reliance Industries has sold over 33% of its equity investment in Jio Platforms to raise ₹1.65 lakh crore, which is equal to ₹1.9 trillion or US$24 billion in 2023.
Coporation Year : 2007
Revenue : $11 Billion
NETWORK18 MEDIA & INVESTMENTS LIMITED
Known by most as the Network18 Group or occasionally as the Network18-Eenadu Group, Network18 Media & Investments Limited (formerly SGA Finance and Management Service and Network18 Fincap Limited) is an Indian media conglomerate owned by the energy behemoth Reliance Industries, which is led by billionaire Mukesh Ambani. Network18's managing director, chief executive officer, and group editor-in-chief is Rahul Joshi, while the chairman of the board of directors is Adil Zainulbhai.
TV18 Broadcast, Web18 Software Services, Network18 Publishing, and Capital18 are all owned by Network18, the holding company. The firm owns and runs the News18 and CNBC channels in India, as well as a number of other properties and investments. It also owns publications called Forbes India and Overdrive, websites called Firstpost and Moneycontrol, and news broadcasting networks called News18 and Overdrive. The production company Viacom18 Studios, the television networks Colors TV, Nickelodeon India, Comedy Central India, VH1 India, MTV India, and the channel History TV18 are all run by the broadcasting subsidiary TV18, which also holds the controlling interest in two mass media joint ventures, Viacom18 and AETN18.
Geeta and Rakesh Gupta founded the firm in 1996, then between 2003 and 2006, Ritu Kapur and Raghav Bahl bought it and transformed it into a conglomerate holding company. After being converted, it managed one of the biggest portfolios of media holdings in India, but its rapid growth left it burdened with debt. The firm and Reliance Industries agreed into a financing deal in 2012, which allowed the company to receive certain ETV Network channels. Ultimately, in 2014, the deal made it possible for a hostile takeover of the business.
Coporation Year : 1996
Revenue : $780 Million
RELIANCE INDUSTRIAL INFRASTRUCTURE LIMITED
Reliance Infrastructure Limited (R-Infra) is a private sector company in India that is engaged in infrastructure development, electricity generating, construction, and defense. It was previously known as Reliance Energy Limited (REL) and Bombay Suburban Electric Supply (BSES). It is a member of the Anil Dhirubhai Ambani Group of Reliance. Anil Ambani, the chairman, and Punit Narendra Garg, the CEO (as of April 6, 2019), are in charge of the business. The corporate office is located in Navi Mumbai. The areas of power plants, metro rail, airports, bridges, toll highways, and defense are among Reliance Infrastructure's interests. It holds a sizable stake in Reliance Power and Reliance Naval and Engineering Limited, the other group companies.
Reliance Infrastructure placed top in the 'Infrastructure Development' category and as the 51st largest firm in India according to the Fortune India 500 list of 2019. Reliance Infrastructure had 56 subsidiaries, 8 affiliated businesses, and 2 joint ventures as of March 2018. The Versova-Bandra Sea Link project, the ₹3,647 crore Uppur Thermal Power Project, the ₹1,881 crore National Highway projects from NHAIin Bihar & Jharkhand , the ₹1,585 crore Mumbai Metro Line-4 project, the ₹1,081 crore Kudankulam Nuclear Power Plant project, and other projects were among the many orders that the company's EPC Business division was awarded in 2018.
Coporation Year : 1929
Revenue : $ 2.4 Billion
RELIANCE RETIAL LIMITED
An Indian retailer, Reliance Retail is a division of Reliance Industries. In terms of income, it is the biggest retailer in India, having been established in 2006. Foods, groceries, clothing, shoes, toys, home decor, electronics, and agriculture supplies and tools are all available at its retail locations. It employs more than 245,000 people at 18,000 shop locations throughout 7,000 towns as of 2023. In addition to its physical storefronts, the firm sells its items online. The corporation is valued at $100 billion as of August 2023.
In August 2021, Reliance Retail said that it will pay ₹24,713 crore (US$3.34 billion) to purchase Future Group's retail, wholesale, logistics, and storage operations. Nevertheless, following a protracted legal battle between Future Group and Amazon, the agreement was canceled in April 2022.
Coporation Year : 2006
Revenue : $ 33 Billion
JUST DIAL
Justdial is an Indian internet technology business that offers phone, Internet, and mobile app local search for various services in India. V. S. S. Mani founded the business in 1996, and its main office is in Mumbai, India. Justdial has offices in Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, New Delhi, Hyderabad, Jaipur, Kolkata, and Pune in addition to its headquarters. With 10,984 workers, a database containing over 29.4 million listings, and 536,236 active sponsored campaigns, Justdial was a formidable force in 2020. Reliance Retail paid ₹3,497 crores on July 16, 2021, to purchase a 66.95% share in Justdial.
V. S. S. Mani had the idea to replace yellow pages in 1987 when he was employed for a yellow pages company. Users may phone the database to get up-to-date information about local business listings. Mani obtained the Mumbai landline phone number 2888-8888 in order to begin his business. Mani established Justdial in 1996 with a seed capital of ₹50,000, five workers, a few rental computers, and borrowed furnishings after years of trying to get funding for his idea.
Coporation Year : 1996
Revenue : $ 110 Million
DEN NETWORKS LIMITED
India's cable television distribution firm is called DEN Networks Limited. Sameer Manchanda is the owner, and Reliance Industries purchased it and Hathway in 2018. Along with Hathway and In Cablenet, it was one of the three largest cable distributors in India in 2003.
Reliance Industries declared on October 17, 2018, that it has paid ₹2,290 crore (US$290 million) to buy a 66% share in DEN. Reliance Futuristic Digital Holdings Private Limited, Jio Digital Distribution Holdings Private Limited, Jio Television Distribution Holdings Private Limited, Reliance Industries Limited Digital Media Distribution Trust, Reliance Content Distribution Limited, and Reliance Industrial Investments and Holdings Limited are among the several Reliance subsidiaries that would hold the shares. DEN had 106,000 broadband users at the time of the purchase. The Competition Commission of India approved the deal in January 2019. In March 2019, Reliance increased its ownership in DEN by 12.05%, bringing its total share to 78.62%.
Coporation Year : 2007
Revenue : $ 2 Billion
HATHWAY CABLE & DATACOM LIMITED
Mumbai is home to Hathway Cable & Datacom Ltd, an Indian cable television service provider that was formerly known as BITV Cable Networks.It was the first business in India to use the CATV network to deliver Internet service, and in 2006, it was the first cable operator to introduce a digital platform.The first cable ISP in India was called Hathway Broadband Internet. Hathway purchased Business India Television Cable Networks Private Ltd in 1999. The firm owned 50% of Gujarat Telelinks Pvt Ltd (GTPL) and 51% of Bhupendran Bhaskar Multinet as of 2007. 2011 saw Hathway GTPL establish operations in West Bengal when they bought KCBPL to form a subsidiary that was in charge of offering services in the region. Hathway GTPL had previously entered Assam with a MoM with V&S Cable Pvt Ltd.
In the second half of 2011, Hathway launched its HDTV services in Mumbai, Hyderabad, Bangalore, Chennai, Indore, Kolkata, in Gujarat in 2013, and in Odisha in 2015. Their new HD DVR set-top box initially provided 8 HD channels, with availability increasing to sixteen in March 2012. There are thirty channels available as of 2020. With this addition, Hathway is now the provider with the most HD channels in its Indian market.
Coporation Year : 1959
Revenue : $ 370 Million
RELIANCE FRESH
eliance Retail started its journey in 2006 with the opening of its first Reliance Fresh store. Today Reliance Retail operates 621 Reliance Fresh and Reliance Smart stores and sells over 200 metric tonnes of Fruits and over 300 metric tonnes of Vegetables every day.
Coporation Year : 2006
Revenue : $ 30.5 Billion
RELIANCE POWER
The Reliance Anil Dhirubhai Ambani Group includes Reliance Power Limited (R-Power), formerly known as Reliance Energy Generation Limited (REGL). It was founded with the intention of creating, building, running, and maintaining electricity projects for the Indian and global markets. Reliance Power is promoted by the Reliance ADA Group and Reliance Infrastructure, an Indian commercial power utility. K. Raja Gopal has been Reliance Power's CEO since May 2, 2018.
In 2017, the business sold its Mumbai operation to Adani Power, ending its exclusive role as the distributor of power to residents in the Mumbai suburbs. It also manages electricity distribution, transmission, and generating operations in other regions of Andhra Pradesh, Goa, and Maharashtra. It is working on 13 medium- and large-scale power projects with its subsidiaries, totaling 33,480 MW of planned installed capacity.
Not long after its IPO, Reliance Natural Resources and Reliance Power combined in 2010. Reliance Power had 50 subsidiaries as of March 2018. R-Power took the 9th spot in the 'Power sector' category and was included as the 176th largest firm in India in the Fortune India 500 list of 2019.
Coporation Year : 1995
Revenue : $ 1.1 billion
RELIANCE COMMUNICATIONS LIMITED
With its main office located in Navi Mumbai, Maharashtra, Reliance Communications Limited (RCOM) was an Indian mobile network operator that provided voice and 2G, 3G, and 4G data services. The firm was unable to sell assets to pay off its debt, therefore in February 2019, it filed for bankruptcy. Its anticipated debt is ₹500 billion, compared to its assets of ₹180 billion (₹220 billion, or US$2.8 billion, in 2023). The debt is equivalent to ₹620 billion, or US$7.8 billion, in 2023.
The firm changed its strategy in March 2020 and is still operating under the name "Global Cloud Xchange" for 4G data services, fixed-line communications, data center services, enterprise solutions, and subsea cable networks.
Coporation Year : 2004
Revenue : $ 500 Million
RELIANCE PERTROLEUM
Owned by Mukesh Ambani of Reliance Industries Limited (RIL), one of the biggest private sector corporations in India, Jio-bp, or legally Reliance BP Mobility Limited, formerly known as Reliance Petroleum, is an oil and energy focused petroleum company. It has interests in the downstream oil industry and is headquartered in Ahmedabad, Gujarat, India. On September 29, 2009, RPL and Reliance Industries Limited amalgamated.
DD KG-1 and DD KG-2, which stand for Dhirubhai Deepwater, are two oil rigs that Reliance Petroleum and RIL own or have long-term charters. Both are drilling ships owned by Deepwater Pacific Inc., a Transocean subsidiary, and registered in the Marshall Islands.
Coporation Year : 2008
Revenue : $ 100 Billion
RELIANCE ENTERTAINMENT LIMITED
An Indian media and entertainment firm is called Reliance Entertainment Pvt Ltd. It is a branch of Reliance Group that manages the company's media and entertainment operations across distribution and content channels. Reliance Big Entertainment and BIG Pictures were the two original companies of the corporation when it was created on February 15, 2005. After merging into Reliance BIG Pictures four years later in 2009, the two businesses changed their name to Reliance Entertainment the following year.
The main content initiatives are in the areas of games, movies, music, sports, the Internet, and mobile portals. These projects create direct delivery options to the new digital distribution platforms, including DTH, mobile TV, IPTV, and digital theaters.
Coporation Year : 2005
Revenue : $ 500 Million
RELIANCE DIGITAL
Indian retailer of consumer electronics is called Reliance Digital. Reliance Retail, a fully owned subsidiary of Reliance Industries, is the parent company of this business.
On April 24, 2007, Reliance Digital inaugurated its first location in Delhi. In addition to an online presence, there are currently about 8,600 Reliance Digital and 1,800 My Jio outlets spread over almost 800 cities in India. Andhra Pradesh, Delhi, Uttar Pradesh, Gujarat, Karnataka, Kerala, Maharashtra, Tamil Nadu, Telangana, West Bengal, Orissa, Assam, Bihar, and Jharkhand are among the states in which the stores are dispersed. Compared to the other model, Digital Xpress Mini Stores, Reliance Digital Stores are larger.
Coporation Year : 2007
Products : Consumer Electronics
Information Technology
Information Technology
DONATIONS BY MUKESH AMBANI
₹437 crore
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