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Ambani bros spar after failed MTN talks
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Economictimes - Found 1 hour ago ... the Ambani brothers is far from over. AAA Com, an investment arm of the Anil Ambani group, on Saturday shot off a letter to Mukesh Ambani's... African and Indian Telecoms End Merger Talks - New York Times South Africa's mobile network operator MTN failes to reach deal with ... - International Herald Tribune MTN: No deal with Reliance - Washington Post RCOM-MTN deal collapses; RIL keeps mum - Express India Explore All |
Today Online |
RCOM-MTN deal falls victim to Ambanis' tussle
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Express India - Found 8 hours ago ... the Ambani siblings, the much touted deal between RCOM and South African telecom giant MTN collapsed, a day after RIL, headed by Mukesh Ambani... NEWSMAKER - Line drops between Anil Ambani and MTN - Reuters India World's richest brothers clash over merger with South African firm - Earthtimes.org ADAG sends letter to RIL, may seek damages - Business Standard India Ambani feud: RCOM-MTN deal off - Deccan Herald Explore All |
RIL starts arbitration against Anil's RCOM
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Express India - Found Jul. 17, 2008 New Delhi, July 17: Mukesh Ambani-led Reliance Industries on Thursday started arbitration process against RCOM and nominated Justice B P Jeevan Reddy ... Reliance Ind starts arbitration against Reliance Comm - Reuters South Africa RIL commences arbitration proceeds against RCom - Business Standard India RCom gets another legal salvo from RIL on MTN issue - Deepika Global MTN row: Reliance appoints arbitrator - Hindu Business Line Explore All |
MTN, Reliance fail to strike deal on tie-up
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Reuters South Africa - Found Jul. 18, 2008 ... after a claim on shares in the Indian company by Mukesh Ambani, estranged brother of Reliance Communications chairman Anil Ambani, and a sharp... NEWSMAKER-Line drops between India's Anil Ambani and MTN - Reuters South Africa India's RCom, MTN Group call off merger talks owing to 'legal ... - Forbes.com MTN, Reliance call off tie-up talks - Forbes.com Reliance Comm shares up, keep MTN deal hopes alive - Reuters South Africa Explore All |
Reuters South Africa |
Meeting with Mukesh Ambani a routine one, clarifies PMO
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Financial Express - Found Jul. 15, 2008 Coming under heavy criticism for entertaining Mukesh Ambani within days after Samajwadi Party leader Amar Singh met and appealed to Prime Minister World's richest brothers feud again - BBC PMO trashes CPM jibe on RIL mediation - Economictimes Feuding Ambani brothers drawn into India's coalition politics - Daily Times Ambani spat highlights India's coalition politics - Express India Explore All |
BBC |
PMO clarifies PM-Mukesh Ambani meet; denies any political angle
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DDI News - Found Jul. 16, 2008 ... been set with the Prime Minister 'being asked to personally intervene to mediate between the Ambani brothers'. Mukesh Ambani on Monday met the... Ambani brothers' spat highlights India's coalition politics - Economictimes Anil Ambani's jet flies into customs net; seizure notice issued - Express India PMO trashes CPM on RIL mediation - Economictimes Oust Deora as petroleum minister: Amar Singh - NewIndPress Explore All |
DDI News |
Anil Ambani's jet flies into customs net
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Express India - Found Jul. 16, 2008 Till now, the authorities have seized about 10 aircraft obtained by corporate entities, including a Mukesh Ambani group firm, GMR, Oberoi and... ADAG jet follows RIL, Indiabulls and GMR into customs net - Economictimes ADAG jet follows RIL, Indiabulls into customs net - Economictimes Custom authorities seize Anil Ambani's jet - India4u.com Now, ADAG jet in customs net - Livemint.com Explore All |
Reliance Retail to open 50-60 'i stores', 150 Reliance digital
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Economictimes - Found Jul. 16, 2008 LUDHIANA: Mukesh Ambani promoted Reliance Retail Ltd today announced to open 50-60 'i store' across the country within the next one and half years ... Rel Retail to open 50-60 'i stores' - Economictimes Reliance Retail to open 50-60 'i stores' - Financial Express Explore All |
Mukesh Ambani meets PM, trashes windfall tax
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Economictimes - Found Jul. 14, 2008 ... leadership on Monday stepped in to explore a truce between the feuding Ambani brothers, Mukesh and Anil. The PM, who met Mukesh Ambani at 11 am... No corporate lobbying: Congress on Mukesh Ambani meeting PM - Economictimes Mukesh-PM meet:Cong deny lobbying - Economictimes Ambani meets PM, decries demands for windfall tax - Times of India Mukesh Ambani meets Prime Minister over windfall tax - Webindia123 Explore All |
DAWN Group |
MTN sounds out India's Bharti for talks - report
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Engineering News - Found Jul. 15, 2008 ... marred by a claim on Reliance Communications shares by Mukesh Ambani, the estranged brother of Reliance Communications Chairman Anil Ambani. MTN says made no advances to Bharti - Reuters South Africa Deal talks with RComm still on: MTN - Express India " MTN says made no advances to Bharti - Engineering News MTN sounds out India's Bharti for talks - report - Reuters Explore All |
Calcutta Telegraph |
Mukesh Ambani Biography
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Mukesh Ambani
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| Mukesh D. Ambani | |
| Born | April 19, 1957 Colony of Aden, Yemen |
|---|---|
| Residence |  Mumbai, India |
| Nationality | Indian |
| Occupation | Chairman, Managing Director of Reliance Industries |
| Net worth | ▲ US$43 billion (as of May 2008 [1]) |
| Spouse(s) | Nita Ambani |
Mukesh Ambani (born April 19, 1957 in Yemen) is an Indian businessman and the world's fifth richest man, with a net worth of approximately $43 billion. He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune 500 company. [2] His personal stake in Reliance Industries is 48%.[3] His wealth is valued at US$43 billion (according to Forbes), making him the richest man in Asia. [4]
Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani. Mukesh also owns the Indian Premier League team Mumbai Indians.
Contents |
Education
Mukesh Ambani was educated at St.Xavier High School in Mumbai and completed his graduation with a bachelor's degree in chemical engineering from the UDCT. Mukesh later pursued an MBA from Stanford University but dropped out after his first year.[5]
Career
Mukesh Ambani joined Reliance in 1981 and initiated Reliance's backward integration from textiles into polyester fibres and further into petrochemicals. In this process, he directed the creation of 60 new, world-class manufacturing facilities involving diverse technologies that have raised Reliance's manufacturing capacities from less than a million tonnes to twelve million tonnes per year.
He directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, Gujarat, India, with a present capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure, at an investment of Rs 100000 crore (nearly $26 billion USD).
Mukesh Ambani set up one of the largest telecommunications companies in India in the form of Reliance Communications (formerly Reliance Infocomm) Limited. However, Reliance Infocom now is under Anil Dhirubhai Ambani Group post the brothers' split. Under Ambani's leadership, Reliance has entered retail business through its wholly owned subsidiary Reliance Retail.
Under him Reliance Retail has also launched a new chain called Delight stores and also signed a letter of intent with NOVA Chemicals to make energy-efficient structures for Reliance Retail.
Ambani owns the Indian Premier League team Mumbai Indians which unfortunately couldn't make it to the finals this year. He has also set up the Dhirubhai Ambani International School in Mumbai.
Family
Mukesh Ambani is son of one of the most prominent businessmen in India, the late Dhirubhai Ambani, an Indian entrepreneur and founder of Reliance Industries.
His brother Anil Ambani heads Reliance Anil Dhirubhai Ambani Group with interests in telecom, power, natural resources, infrastructure and financial services. The Ambani brothers had a well-publicized spat after their father's death, which led to the Reliance Group being split between the two.
Mukesh Ambani is married to Nita Ambani, who looks after the social and charitable arm of Reliance Industries. They have three children: Akash, Isha and Anant.
Mukesh Ambani is currently building the world's most expensive home (valued at $2 billion).[1] This will be a 60-story skyscraper (with only 27 floors) in downtown Mumbai. It may be called Antilia.
His family belongs to Modh Bania, a trading community in Gujarat, a coastal province of India. His mother is Kokilaben Ambani.
Achievements
- Chosen the businessman of the year 2007 by a public poll in India conducted by NDTV
- Conferred the United States-India Business Council (USIBC) leadership award for "Global Vision" 2007 in Washington.
- Ranked 42nd among the World's Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by Pricewaterhouse Coopers and published in Financial Times, London, November 2004.
- Conferred the World Communication Award for the Most Influential Person in Telecommunications in 2004 by Total Telecom, October, 2004.
- Chosen Telecom Man of the Year 2004 by Voice and Data magazine, September 2004.
- Ranked 13th in Asia's Power 25 list of The Most Powerful People in Business published by Fortune magazine, August 2004.
- Conferred the Asia Society Leadership Award by the Asia Society, Washington D.C., USA, May 2004.
- Ranked No.1 for the second consecutive year, in The Power List 2004 published by India Today, March 2004.
- Recorded as the first Trillionaire in India, June 2007.
- Awarded the "Chitralekha Person of the Year Award -- 2007" by Gujarat Chief Minister Narendra Modi
References
- ^ The World's Billionaires - Forbes Magazine
- ^ FORTUNE Global 500 2006: Countries
- ^ "The World's Billionaires". Forbes (2007-03-08). Retrieved on 2007-03-09. “Year 2007 .”
- ^ "The World's Billionaires". Forbes (2008-03-05). Retrieved on 2008-05-14. “Year 2008”
- ^ "Is MDA really an MBA". Telhelka (2005-01-01). Retrieved on 2008-05-14.
External links
- M Cap crosses 100 USD Billion
- All Reliance News
- [2]USIBC Award for Mr. Mukesh Ambani
- Forbes.com: Forbes World's Richest People
- Mukesh Ambani is Economic Times Biz Leader of the Year
- Mukesh Ambani information at Reliance Industries website.
- Nita Ambani wife of Sh. Mukesh Ambani.
- M Cap crosses 100 USD Billion
- legory:Reliance India's 40 Richest
- New York Times: Indian to the Core, and an Oligarch
Mukesh Ambani Videos and Clips
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Description: Its going to be ready by Jan 09
Description: Institute of Management and Development, New Delhi
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Description: Questions Demanding a Creative Response This years Annual Meeting theme, "The Creative Imperative" will explore the need for society, but in particu...
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Description: Listen to the views of Mukesh Ambani on Development in Gujarat during the Vibrant Gujarat Global Investors Summit 07
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Description: Mukesh Ambani @ Million $ home will be ready by JAn 09 www.pmsnagpur.com
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Description: Chitralekha Person of the Year 07 Mukesh Ambani Speech
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