Sunday, October 19, 2008

Mukesh Ambani


Name: Mukesh Dhirubhai Ambani
Born: April 19, 1957 in Yemen
Residence: Mumbai, India
Industry: Petrochemical
Occupation: Chairman of Reliance Group of Companies
Net Worth: US $ 43 billion (source: Forbers)


Mukesh Ambani, the chairman of Reliance Industries was born on April 19, 1957 in Yemen. He is the world's fifth richest man in the world and richest in Asia, with a net worth of approximately US $ 43 billion. His Company Reliance Industries is the India's largest private sector enterprise and a Fortune 500 company. His personal stake in Reliance Industries is 48%.


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.

Mukesh Ambani completed his graduation with a bachelors degree in chemical engineering from the University Institute of Chemical Technology (UDCT), Mumbai. Mukesh later pursued an MBA (he did not complete the course) from Stanford University.

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).

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