20 September, 2020

Mukesh Ambani, Reliance Industries

It’s the thought of the future that drives Mukesh. “Everyone expected me to study textiles. I wanted to pursue chemical engineering, as I thought it was the future,” he has said.

Photograph by Saptarshi Biswas/Outlook Archives
Mukesh Ambani, Reliance Industries
outlookindia.com
2017-03-25T11:17:54+05:30
  • In the last 10 years, Reliance’s profits have doubled to Rs 27,417 cr

***

India’s richest man began his company’s annual shareholders’ meeting last year by promising to script a new chapter in Indian business history. Then, he introduced the latest member of his Rs 2.92 lakh crore Reliance Industries—Jio, the 4G venture that has thrown the country’s telecom business in turmoil and set off a round of mergers and consolidations among scurrying rivals.

Ambani, 59, whose wealth is estimated at around Rs 1.70 lakh crore, joined Reliance in 1981 and became chairman and managing director 21 years later. He’s known to spot opportunities quickly. “The world is at the beginning of a digital revolution,” the oil and gas tycoon said last year. “Everything that can go digital is going digital at an exponential rate” and Jio, he informed shareholders, was so far the single biggest investment made by Reliance.

In the last ten years—brothers Mukesh and Anil...

unsub

THIS ARTICLE IS PRICELESS...

To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe.


More from Ajay Sukumaran


Latest Magazine

September 28, 2020
content

other articles from the issue

articles from the previous issue

Other magazine section