Anil Ambani
Encyclopedia
Anil Dhirubhai Ambani (Gujarati
: અનીલ ધીરુભાઈ અંબાની) is an Indian-Gujarati business baron
and chairman of Reliance Anil Dhirubhai Ambani Group
, one of the largest private conglomerate
s. Anil's elder brother, Mukesh Ambani
, is worth more than 29 billion dollars, and owns another company called Reliance Industries
. , he is the eighth richest Indian with a personal wealth of $8.8 billion.
He is a member of the Board of Overseers at the Wharton School of the University of Pennsylvania
. He is also the member of the Board of Governors of the Indian Institute of Technology Kanpur
; Indian Institute of Management, Ahmedabad
. He is a member of the Central Advisory Committee, Central Electricity Regulatory Commission
. In March 2006, he resigned. He is also the Chairman of Board of Governors of DA-IICT, Gandhinagar.
, the company founded by his late father Dhirubhai Ambani
, in 1983 as Co-Chief Executive Officer and is credited with having pioneered many financial innovations in the Indian capital markets. For example, he led India's first forays into overseas capital markets with international public offerings of global depositary receipts, convertibles and bonds. He directed Reliance in its efforts to raise, since 1991, around US$2 billion from overseas financial markets; with a 100-year Yankee bond issue in January 1997 being the high point, after which people regarded him as a financial wizard. He along with his brother, Mukesh Ambani, has steered the Reliance Group to its current status as India's leading textiles, petroleum, petrochemicals, power, and telecom company.
He has been linked with several starlets in his long career including his current wife of more than 15 years. He is a close friend of movie star Amitabh Bachchan
and Subrata Roy
. One of his major achievements in the entertainment industry is the takeover of Adlabs, the movie production to distribution to multiplex company that owns India's only dome theatre and the recently announced joint venture worth US$ 825 million with Steven Spielberg
.
He has been embroiled in a dispute with his brother, Mukesh Ambani, over the supply of gas from the latter's KG basin.
He recently topped Business Sheet's "world's biggest loser" list of business leaders who lost money in the late 2000s recession, losing $32.5 billion in 2008, which brought him out of the top ten list to number 34 in 2009.
). Despite the gearbox being located at a height of 10 feet from the ground, the gravel and pebbles were put in the filler cap in the gear box. A senior pilot of Reliance Transport and Travels Pvt. Ltd., Captain RN Joshi, filed a complaint with the Mumbai Police Commissioner
's office, Maharashtra Chief Minister's office, Maharasthra Home Minister's office, Chief Secretary's office, Joint Commissioner of Police's office and also at the Santa Cruz Police Station.
The helicopter was standing outside a hangar at the Mumbai Airport when the sabotage was found by Bharat Borge, a technician for Air Works. Borge was found dead on April 28, 2009 on Mumbai's suburban railway tracks between Vile Parle
and Andheri. A letter was also found with him. Railway Police believes that he might have been run over by the Churchgate-bound fast-local. "Borge's mysterious death created a flutter, lending credence to Anil Ambani's charge that certain 'rival business groups were trying to eliminate him'."
The post-mortem conducted on Bharat Borge revealed that he died of shock due to multiple fractures, resulting in brain haemorrhage. There was also a letter found in his pocket written in Marathi
saying "I haven't done anything wrong. That day, some Reliance people came and spoke to me. I didn't tell them anything. One of them took my number and said that he'll talk to me later. I felt they were using me. I am writing this letter after thinking all night. It looks like the blame will be on me. I think the investigation is on the right track and truth will emerge soon."
Investigators later said that Borge's death was an accident and not suicide.
Airworks India Engineering Pvt. Ltd., the company that maintains the helicopter, was questioning its employees in the case.
Indian. He is married to Indian Bollywood
Actress Tina Munim
and has two sons Anmol and Anshul. He has taken part in the Mumbai Marathon
race. Ambani is also a fan of Premier League club, Newcastle United and was extremely close to buying the club in September 2008. In June 2004, Anil was elected as an Independent Member of the Rajya Sabha
- upper house of the Parliament of India.
officials over a deal to takeover the club.
Gujarati language
Gujarati is an Indo-Aryan language, and part of the greater Indo-European language family. It is derived from a language called Old Gujarati which is the ancestor language of the modern Gujarati and Rajasthani languages...
: અનીલ ધીરુભાઈ અંબાની) is an Indian-Gujarati business baron
Business magnate
A business magnate, sometimes referred to as a capitalist, czar, mogul, tycoon, baron, oligarch, or industrialist, is an informal term used to refer to an entrepreneur who has reached prominence and derived a notable amount of wealth from a particular industry .-Etymology:The word magnate itself...
and chairman of Reliance Anil Dhirubhai Ambani Group
Reliance Anil Dhirubhai Ambani Group
Reliance Anil Dhirubhai Ambani Group is one of India's largest conglomerates, headquartered in Navi Mumbai, India. The company, which was formed after Dhirubhai Ambani's business empire was divided up, is headed by his younger son Anil Ambani. It has a market capitalization of US$ 15 billion,...
, one of the largest private conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
s. Anil's elder brother, Mukesh Ambani
Mukesh Ambani
Mukesh Dhirubhai Ambani is an Indian business magnate. He is the chairman and managing director of Indian conglomerate Reliance Industries, the largest private sector enterprise in India listed in Fortune 500 magazine. His personal stake in Reliance Industries is 48%...
, is worth more than 29 billion dollars, and owns another company called Reliance Industries
Reliance Industries
Reliance Industries Limited is an Indian conglomerate company headquartered at Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone development and...
. , he is the eighth richest Indian with a personal wealth of $8.8 billion.
He is a member of the Board of Overseers at the Wharton School of the University of Pennsylvania
Wharton School of the University of Pennsylvania
The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States...
. He is also the member of the Board of Governors of the Indian Institute of Technology Kanpur
Indian Institute of Technology Kanpur
The Indian Institute of Technology Kanpur is a Central deemed University located in Uttar Pradesh, about 15 km north-west of the city of Kanpur in the Kalyanpur suburb....
; Indian Institute of Management, Ahmedabad
Ahmedabad
Ahmedabad also known as Karnavati is the largest city in Gujarat, India. It is the former capital of Gujarat and is also the judicial capital of Gujarat as the Gujarat High Court has its seat in Ahmedabad...
. He is a member of the Central Advisory Committee, Central Electricity Regulatory Commission
Central Electricity Regulatory Commission
Central Electricity Regulatory Commission , a key regulator of power sector in India, is a statutory body functioning with quasi-judicial status under sec - 76 of the Electricity Act 2003...
. In March 2006, he resigned. He is also the Chairman of Board of Governors of DA-IICT, Gandhinagar.
Career
Ambani joined Reliance IndustriesReliance Industries
Reliance Industries Limited is an Indian conglomerate company headquartered at Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone development and...
, the company founded by his late father Dhirubhai Ambani
Dhirubhai Ambani
Dhirajlal Hirachand Ambani also known as Dhirubhai, was an Indian-Gujarati business magnate and entrepreneur who founded Reliance Industries, a petrochemicals, communications, power, and textiles conglomerate and the only privately owned Indian company in the Fortune 500. Ambani took his company...
, in 1983 as Co-Chief Executive Officer and is credited with having pioneered many financial innovations in the Indian capital markets. For example, he led India's first forays into overseas capital markets with international public offerings of global depositary receipts, convertibles and bonds. He directed Reliance in its efforts to raise, since 1991, around US$2 billion from overseas financial markets; with a 100-year Yankee bond issue in January 1997 being the high point, after which people regarded him as a financial wizard. He along with his brother, Mukesh Ambani, has steered the Reliance Group to its current status as India's leading textiles, petroleum, petrochemicals, power, and telecom company.
He has been linked with several starlets in his long career including his current wife of more than 15 years. He is a close friend of movie star Amitabh Bachchan
Amitabh Bachchan
Amitabh Bachchan is an Indian film actor. He first gained popularity in the early 1970s as the "angry young man" of Hindi cinema, and has since appeared in over 180 Indian films in a career spanning more than four decades...
and Subrata Roy
Subrata Roy
Subrata Roy Sahara also known as Saharasri is the managing worker and chairman of Sahara India Pariwar.-About:...
. One of his major achievements in the entertainment industry is the takeover of Adlabs, the movie production to distribution to multiplex company that owns India's only dome theatre and the recently announced joint venture worth US$ 825 million with Steven Spielberg
Steven Spielberg
Steven Allan Spielberg KBE is an American film director, screenwriter, producer, video game designer, and studio entrepreneur. In a career of more than four decades, Spielberg's films have covered many themes and genres. Spielberg's early science-fiction and adventure films were seen as an...
.
He has been embroiled in a dispute with his brother, Mukesh Ambani, over the supply of gas from the latter's KG basin.
He recently topped Business Sheet's "world's biggest loser" list of business leaders who lost money in the late 2000s recession, losing $32.5 billion in 2008, which brought him out of the top ten list to number 34 in 2009.
Assassination attempt
On the evening of 22 April 2009, mud, gravel and pebbles were found in the gearbox of his 13-seat helicopter VT-RCL's (a Bell 412Bell 412
The Bell 412 is a utility helicopter manufactured by Bell Helicopter. It is a development of the Bell 212 model, the major difference being the composite four-blade main rotor.-Design and development:...
). Despite the gearbox being located at a height of 10 feet from the ground, the gravel and pebbles were put in the filler cap in the gear box. A senior pilot of Reliance Transport and Travels Pvt. Ltd., Captain RN Joshi, filed a complaint with the Mumbai Police Commissioner
Police Commissioner of Mumbai
The Police Commissioner of Mumbai is the chief of the Mumbai Police. The commissioner is appointed by the Maharashtra State Government. The headquarters are opposite Crawford Market in South Mumbai. The commissioner is an Indian Police Service officer....
's office, Maharashtra Chief Minister's office, Maharasthra Home Minister's office, Chief Secretary's office, Joint Commissioner of Police's office and also at the Santa Cruz Police Station.
The helicopter was standing outside a hangar at the Mumbai Airport when the sabotage was found by Bharat Borge, a technician for Air Works. Borge was found dead on April 28, 2009 on Mumbai's suburban railway tracks between Vile Parle
Vile Parle
Vile Parle , also known as "Parla", is a suburb of Mumbai. Vile Parle is also the name of the railway station in this suburb, on the Mumbai suburban railway on the Western Railway railway line. Vile Parle has a significantly strong base of Marathi and Gujarati population. The name "Vile Parle" has...
and Andheri. A letter was also found with him. Railway Police believes that he might have been run over by the Churchgate-bound fast-local. "Borge's mysterious death created a flutter, lending credence to Anil Ambani's charge that certain 'rival business groups were trying to eliminate him'."
The post-mortem conducted on Bharat Borge revealed that he died of shock due to multiple fractures, resulting in brain haemorrhage. There was also a letter found in his pocket written in Marathi
Marathi language
Marathi is an Indo-Aryan language spoken by the Marathi people of western and central India. It is the official language of the state of Maharashtra. There are over 68 million fluent speakers worldwide. Marathi has the fourth largest number of native speakers in India and is the fifteenth most...
saying "I haven't done anything wrong. That day, some Reliance people came and spoke to me. I didn't tell them anything. One of them took my number and said that he'll talk to me later. I felt they were using me. I am writing this letter after thinking all night. It looks like the blame will be on me. I think the investigation is on the right track and truth will emerge soon."
Investigators later said that Borge's death was an accident and not suicide.
Airworks India Engineering Pvt. Ltd., the company that maintains the helicopter, was questioning its employees in the case.
Awards and recognition
- Voted the 3rd most powerful person in India in the 2009 India TodayIndia TodayIndia Today is an Indian weekly news magazine published by Living Media India Limited, in publication since 1975 based in Mumbai. India Today is also the name of its sister-publication in Hindi...
Power List, in March. - Voted Businessman of the Year 2006 by Times of India-TNS poll
- Adjudged as the CEO of the Year at the prestigious PlattsPlattsPlatts is a provider of energy and metals information and a source of benchmark price assessments in the physical energy markets. Platts was founded in Cleveland, Ohio in 1909 by Warren C...
Global Energy Awards for 2004. - Voted as 'MTV Youth Icon of the YearMTV Youth Icon of the YearMTV Youth Icon of the year is an annual award presented by MTV India, a TV channel. It was first presented in 2003. It is determined by popular votes.-Recipients:The proud recipients of the awards are:* 2003 : Anil Ambani...
for 2003' in September 2003. - Conferred 'The Entrepreneur of the Decade Award' by the Bombay Management Association, October 2002.
- Awarded the First Wharton Indian Alumni Award by the Wharton India Economic ForumWharton India Economic ForumThe Wharton India Economic Forum , established in 1996 at The Wharton School, is a student-run business forum in the United States focused on India. WIEF is one of the largest and most prestigious India-based economic and business conferences in the world...
(WIEF) in recognition of his contribution to the establishment of Reliance as a global leader in many of its business areas, December 2001. - Conferred the 'Businessman of the Year 1997' award by India's leading business magazine Business IndiaBusiness IndiaBusiness India is a fortnightly business news magazine founded by Ashok Hotchand Advani. It was founded in 1978 and is published out of Mumbai, India. , the magazine had a circulation of 88,100 copies....
, December 1997.
Personal life
Anil Ambani is GujaratiGujarati people
Gujarati people , or Gujaratis are an ethnic group that is traditionally Gujarati-speaking and can trace their ancestry to the state of Gujarat in western India...
Indian. He is married to Indian Bollywood
Bollywood
Bollywood is the informal term popularly used for the Hindi-language film industry based in Mumbai , Maharashtra, India. The term is often incorrectly used to refer to the whole of Indian cinema; it is only a part of the total Indian film industry, which includes other production centers producing...
Actress Tina Munim
Tina Munim
Tina Munim is an Indian film actress who had a successful Bollywood career during the late seventies and early eighties. She is married to Anil Ambani. She is involved in a number of philanthropic and charity activities and is currently running an NGO and a hospital.-Early life and...
and has two sons Anmol and Anshul. He has taken part in the Mumbai Marathon
Mumbai Marathon
The Mumbai Marathon is an annual international road running competition over the marathon distance that is held in Mumbai, India, each January. The course records set in 2011 were also the fastest times ever run for the marathon on Indian soil – 2:09:54 by Girma Assefa and 2:26:56 by the women's...
race. Ambani is also a fan of Premier League club, Newcastle United and was extremely close to buying the club in September 2008. In June 2004, Anil was elected as an Independent Member of the Rajya Sabha
Rajya Sabha
The Rajya Sabha or Council of States is the upper house of the Parliament of India. Rajya means "state," and Sabha means "assembly hall" in Sanskrit. Membership is limited to 250 members, 12 of whom are chosen by the President of India for their expertise in specific fields of art, literature,...
- upper house of the Parliament of India.
English Premier League
Ambani was in talks in September 2008 with EvertonEverton F.C.
Everton Football Club are an English professional association football club from the city of Liverpool. The club competes in the Premier League, the highest level of English football...
officials over a deal to takeover the club.
External links
- Profile at Reliance ADAGReliance Anil Dhirubhai Ambani GroupReliance Anil Dhirubhai Ambani Group is one of India's largest conglomerates, headquartered in Navi Mumbai, India. The company, which was formed after Dhirubhai Ambani's business empire was divided up, is headed by his younger son Anil Ambani. It has a market capitalization of US$ 15 billion,...
- Profile at ForbesForbesForbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
- Anil Ambani: collected news and commentary at The Times of IndiaThe Times of IndiaThe Times of India is an Indian English-language daily newspaper. TOI has the largest circulation among all English-language newspaper in the world, across all formats . It is owned and managed by Bennett, Coleman & Co. Ltd...