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.
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Richest Indian Mukesh Ambani's Reliance Retail, which runs the country's largest chain of neighbourhood supermarket stores and consumer electronics outlets, has been valued at USD 34 billion (Rs 2.4 lakh crore) in a proposed share-swap scheme for shareholders.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries and Asia’s richest man just added almost $17 billion to his wealth as of December 23, the most in Asia, taking his net worth to about $60 billion, according to the Bloomberg Billionaires Index. According to Forbes magazine, Mukesh Ambani is the 10th richest man in the world as of December 2019.
Mukesh Ambani's growth comes as RIL's new ventures are expected to contribute 50 per cent of Reliance's earnings over the next few years. Another factor that has helped Reliance's rapid climb on the stock market is Ambani's plan to bring the company's net debt to zero.
The Delhi High Court has asked Reliance Industries (RIL) and British Gas (BG) to disclose their assets on the central government's plea for directions to both companies not to dispose of their assets.
After a gap of 7 years, Reliance Industries has once again emerged the biggest wealth creator over 2014-19. A total of Rs 5.6 lakh crore wealth created by Reliance is the highest-ever so far by a huge margin
On Thursday, RIL shares hit the 52-week high of Rs 1,581.25 on the BSE, rising 0.64 per cent. While RIL gained nearly 40 per cent during the last year, the Nifty50 index advanced over 13 per cent.
Last month, Mukesh Ambani's Reliance Industries Limited had added another feather to its cap by becoming the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade.
Billionaire Mukesh Ambani on Tuesday said the slowdown in the Indian economy is temporary and the recent measures taken by the government will help reverse the trend in the coming quarters.
RIL's CMD Mukesh Ambani has said that consolidation of liabilities in the company creates an efficient structure to manage debt and cash.
Reliance Industries CMD Mukesh Ambani Saturday offered prayers at famous Himalayan shrines of Badrinath and Kedarnath in Uttarakhand. Accompanied by his son Akash, Ambani arrived by helicopter in Badrinath at around 8.30 am, Badrinath-Kedarnath Mandir Samiti spokesman Harish Gaud told PTI.
Reliance Industries (RIL) in August announced partnership of its subsidiary Reliance Jio Infocomm with Microsoft in the technology space, including creation on cloud solutions.
Reliance Industries on Friday reported an 18.6 per cent rise in consolidated net profit to a record Rs 11,262 crore for the second quarter of the current fiscal on the back of a turnaround in refining margins and continued rise in consumer businesses of retail and telecom.
Billionaire Mukesh Ambani's Reliance Industries (RIL) on Friday added another feather to its cap and became the first Indian firm to hit the Rs 9 lakh crore market valuation mark. During late morning trade on BSE, the company's market capitalisation (m-cap) was Rs 9,01,490.09 crore.
Mukesh Ambani continues to be the richest Indian for 12th consecutive year according to the Forbes list. Mukesh Ambani, the Chairman of Reliance Industries has managed to add a handsome USD 4 billion in a year that made headlines for slump in economic growth and lessened demand in the automobile sector.
Reliance and its partner BP Plc of the UK, last month had put out Notice Inviting Offer (NIO) seeking bids from potential users for the 5 million standard cubic meters per day of natural gas they plan to produce from the R-Cluster Field in KG-D6 bloc
Samsung Electronics Vice Chairman Lee Jae-yong is currently in India, provoking speculation that the South Korean tech giant may make further investments to expand its presence in the country, industry sources said on Monday.
The company claimed that nearly 7 crore 2G users have been on-boarded on JioPhone platform since its launch. It is targeting around 35 crores, such customers.
Who is the richest person in India? The latest IIFL Wealth Hurun India Rich List 2019 is out. And it enlists a whole lot of Indian business tycoons operating large conglomerates in its top 10 rankings. Here's the top 10 richest Indians list with their net worth. Take a read:
Mukesh Ambani has topped the list of richest Indians for the eighth consecutive year. The Reliance Industries' Chairman has a net worth of Rs 3,80,700 crore, according to the latest IIFL Wealth Hurun India Rich List.
No rise in Ambani's stake,The sole beneficiary of Petroleum Trust is Reliance Industrial Investments and Holdings Limited (RIIHL), a 100 per cent subsidiary of RIL and hence the ultimate beneficiaries of these shares are the shareholders of RIL.
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