- Home
- Profile
- Mukesh Ambani
Mukesh Ambani
Mukesh Dhirubhai Ambani is an Indian business tycoon. He is the chairman, managing director and the largest shareholder of Reliance Industries Limited (RIL). Since 1981, he started working alongside his father Dhirubhai Ambani in their family business, Reliance. RIL deals mainly in petrochemicals, refining and in the oil and gas sectors. Over the years, the business has expanded to provide products and services like Retail Markets and Telecommunications. In the country’s telecommunication services, Reliance’s Jio has earned a top five spot. It was launched on September 5, 2016. On the Forbes magazine's list for the past ten years, Ambani has consistently held the title of being India's richest person. As of January 2018, by Forbes, he was ranked as the 18th-wealthiest person in the world. With a net worth of $44.3 billion in July 2018, he surpassed Jack Ma, executive chairman of Alibaba Group, to become Asia's richest person. Outside North America and Europe, he is also the wealthiest person in the world. He also owns the Indian Premier League franchise Mumbai Indians. At the Antilia Building, Ambani resides. With its value reaching $1 billion, it is one of the world's most expensive private residences. Early life: Mukesh was born in Aden, Yemen. He was brought up in Mumbai, India. In the early 1970s, in Chemical Engineering, he received his degree from the Institute of Chemical Technology.
Mukesh Ambani
-
Abu Dhabi's Mubadala to invest Rs 9,000 cr in Mukesh Ambani's Reliance Jio Platforms
Business | Jun 05, 2020, 08:58 AM ISTWith this investment, Mukesh Ambani's Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala, in less than six weeks.
-
Reliance's mega right issue world's biggest by a non-financial issuer in 10 years
Business | Jun 04, 2020, 10:58 AM ISTReliance Industries mega Rs 53,124 crore rights issue is the largest in the world by a non-financial issuer in the last 10 years, an analyst said. Oil-to-telecom conglomerate Reliance Industries Ltd's rights issue opened for the subscription of shareholders on May 20 and will close on Wednesday.
-
RIL rights issue oversubscribed 1.1 times with 2 more days to go
Brand Content | Jun 02, 2020, 08:25 PM ISTThe Mukesh Ambani-led Reliance Industries has received a resounding response to its Rs 53,124 crore RIL rights issue. The country's largest-ever fundraising initiative got oversubscribed 1.1 times on June 1, 2020, with two more days to go.
-
Mukesh Ambani's Reliance Industries on track to achieve zero net debt: Report
Business | May 31, 2020, 12:27 PM ISTRiding on the Rs 1.3 lakh crore in aggregate fund raising in the last few weeks, Reliance Industries is expected to repay its entire reported net debt even if the Saudi Aramco deal is delayed, a brokerage report said.
-
Mukesh Ambani’s youngest son Anant joins Jio Platforms as director, says 'Reliance meri jaan hai'
Business | May 27, 2020, 02:57 PM ISTAnant Ambani, the youngest son of Mukesh Ambani, has formally joined the Reliance Industries's digital venture Jio Platforms as an additional director. RIL's Jio Platforms has been in the news for the past few weeks as it received billions of dollars of investment from Facebook, KKR, Vista and others.
-
Mukesh Ambani's JioMart now live across India: All about Reliance's JioMart online grocery service
Business | May 25, 2020, 12:49 PM ISTMukesh Ambani’s Reliance Industries Ltd has launched an online grocery service, JioMart across India, after running pilot programme in Maharashtra’s Navi Mumbai, Thane, and Kalyan. Reliance's JioMart is expected to challenge its rivalling Amazon.com's local unit and Walmart Inc's Flipkart in the huge Indian market.
-
Reliance Jio gets 5th deal, KKR to invest Rs 11,367 crore for 2.32% stake
Business | May 22, 2020, 09:28 AM ISTReliance Industries Limited (RIL) and Jio Platforms Limited, India's leading digital services platform, on Friday announced the sale of a 2.32 per cent stake in its digital unit to US private equity giant KKR for Rs 11,367 crore, the fifth deal in four weeks that will inject a combined Rs 78,562 crore in the oil-to-telecom conglomerate to help it pare debt.
-
Amazon boss Jeff Bezos could become world's first trillionaire by 2026
Business | May 15, 2020, 12:58 PM ISTDespite losing an estimated $38 billion as part of his recent divorce, Bezos is still by far the world's richest person and his net worth has grown by 34 per cent on average over the last five years, said the study, by Comparisun, a company which helps organisations compare different business products.
-
With ₹ 11,367 crore, Vista Equity becomes biggest investor in Reliance Jio
Business | May 08, 2020, 09:19 AM ISTReliance Industries Limited on Friday informed the BSE Sensex that Vista Equity Partners will invest ₹ 11,367 crore into Jio Platforms. With this Jio Platforms has now raised ₹ 60,596.37 crore from leading technology investors in less than three weeks.
-
Mukesh Ambani aims to turn Reliance into zero net debt firm by Dec, ahead of target
Business | May 01, 2020, 04:49 PM ISTBillionaire Mukesh Ambani has accelerated the timeframe for wiping out Rs 1.61 lakh crore of net debt at his Reliance Industries by bringing in strategic investors in key businesses as well as committing more equity.
-
Reliance Chairman Mukesh Ambani to forego entire salary
India | Apr 30, 2020, 05:42 PM ISTMukesh Ambani, chairman of the Reliance Industries, has decided to forego all his remuneration. With this, India's largest company will also cut the salary of most of its employees by 10 to 50 percent.
-
Mukesh Ambani on Facebook-Jio deal: WhatsApp, JioMart plan to bring local kirana store online
Business | Apr 22, 2020, 11:32 AM ISTMukesh Ambani's Reliance Industries Ltd and Mark Zuckerberg-founded Facebook on Wednesday announced that the US tech giant will buy a 9.99 per cent stake for $5.7 billion (Rs 43,574 crore) in India's oil-retail-telecom conglomerate Reliance Industries Limited (RIL) led Jio Platforms.
-
Mukesh Ambani with $44bn top Indian in Forbes world billionaires' list
Business | Apr 09, 2020, 01:40 PM ISTReliance Industries' Chairman Mukesh Ambani has been ranked 17th in the latest world billionaires list by Forbes with a net worth of $44.3 billion – once again leading the tally from Indias perspective.
-
Reliance Industries announces Rs 500 crore contribution to PM CARES Fund
Business | Mar 30, 2020, 08:17 PM ISTReliance Industries' chief Mukesh Ambani on Monday committed a further Rs 500 crore to the Prime Minister's COVID-19 fund, topping up over the multi-crore initiative of India's first coronavirus hospital, meals to the needy, and fuel to emergency vehicles.
-
Mukesh Ambani to Ratan Tata: Business tycoons who lead donations in battle against coronavirus
Business | Apr 01, 2020, 09:53 PM ISTIndia is among several other countries, who are battling against deadly coronavirus that has triggered a 21-day lockdown across the country and has sent us in a state of emergency and panic. During this worst-phase, several Indian business tycoons like Mukesh Ambani, Anand Mahindra, Ratan Tata among others have pledged to help fight the coronavirus that has thrown life off-track, in India and across the world. Here's what the India Inc biggies so far have committed to donating in the fight against COVID-19.
-
Mukesh Ambani donates hospital, isolation facility for COVID-19 positive patients
Business | Mar 26, 2020, 08:27 AM ISTCoronavirus Outbreak: Reliance Foundation is already providing free meals to people across various cities in partnership with NGOs and has also said it would double the salaries of those who earn less than Rs 30,000.
-
Amid talks with Reliance, Saudi Aramco says focusing investments in high-growth India mkt
Business | Mar 22, 2020, 12:03 PM ISTThe world's biggest oil exporter Saudi Aramco has said it is focusing its downstream investments in high-growth nations such as India as it negotiates a deal to buy up to 20 per cent stake in Reliance Industries' USD 75 billion oil-to-chemical business. In its latest annual report, Aramco said it is looking at investment opportunities in high-growth markets as well as nations that rely on importing crude oil.
-
Jack Ma replaces Mukesh Ambani as Asia's richest man in $5.8 billion rout
Business | Mar 10, 2020, 03:12 PM ISTMukesh Ambani, Reliance Industries MD and Indian energy tycoon, is no longer Asia’s richest man after he lost $5.6 billion on the back of a severe decline in RIL's share price. Mukesh Ambani lost his Aisa's riches man crown to Jack Ma, the co-founder of Alibaba Group.
-
Reliance Retail acquires Shri Kannan Departmental Store
Business | Mar 05, 2020, 11:48 AM ISTReliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL), has acquired 100 per cent stake in Tamil Nadu-based Shri Kannan Departmental Store Private Limited for Rs 152.5 crore.
-
Ten most valued firms lose Rs 3.35 lakh cr in m-cap as markets plummet
Business | Mar 01, 2020, 05:58 PM ISTThe ten most valued domestic firms together lost a massive Rs 3.35 lakh crore from their market capitalization last week, as the equity markets witnessed massive sell-off amid fears of coronavirus outbreak turning into a pandemic.