Mukesh Dhirubhai Ambani (born April 19, 1957) is an Indian business tycoon who is the chairman, managing director and largest shareholder of Reliance Industries Limited (RIL), a Fortune Global 500 and India's second most valuable company Of the market. It has a 44.7% stake in the company. RIL is mainly engaged in the refining, petrochemical and oil and gas sectors. Reliance Retail Ltd., another subsidiary, is the largest retailer in India.
He is the eldest son of the late Dhirubhai Ambani and Kokilaben Ambani and the brother of Anil Ambani. In 2016, he was ranked 38, and is the only Indian businessman, on the Forbes list of the world's most powerful people. As of 2016, Ambani has held the title of India's richest person on the magazine's list for ten years. Through Reliance, he also owns the India Premier League India Mumbai franchise. In 2012, Forbes named him one of the richest sports owners in the world. He lives in the Antilia building, one of the most expensive private residences in the world. Its value is close to one billion dollars. From 2015, Ambani ranks fifth among philanthropists in India, according to the Hurun Research Institute of China.
He has served on the Board of Directors of Bank of America and the International Advisory Council of the Council on Foreign Relations. He was the chairman of the board of the Indian Institute of Management Bangalore, which is one of India's leading business schools.
As the eldest son of Dhirubhai Ambani, the legendary Indian entrepreneur, he joined Reliance Industries in 1981. Mukesh took Reliance Industries from textiles to polyester fibers, petrochemicals and petroleum refining. In addition, Reliance also saw integration with oil and gas exploration and production. The billionaire businessman is married to Nita Ambani and has three children, Akash, Anant and Isha.
Awards: Ernst & Young Entrepreneur of the Year (2000) and Business Leader of the Year (2010) Education: Bachelor of Science (Engineering), University of Bombay and Drop Out, Stanford University.
In 1980, the Indian government under Indira Gandhi opened the manufacture of PFY (polyester filament yarn) to the private sector. Dhirubhai Ambani applied for a license to set up a PFY manufacturing plant. Despite strong competition from Tatas, Birlas and others 43, Dhirubhai got the license. To help him build the PFY plant, Dhirubhai removed his older son Mukesh from Stanford, where he was studying for his MBA. Mukesh Ambani, then discontinued the program to help his father and initiated Reliance's backward integration of textiles to polyester fibers and later to petrochemicals, starting in 1981.
Mukesh Ambani established Reliance Infocomm Limited (now Reliance Communications Limited), which focused on information technology and communications initiatives.
Ambani led and led the creation of the world's largest base oil refinery in Jamnagar, India, which had the capacity to produce 660,000 barrels per day (33 million tonnes per year) in 2010, integrated with petrochemicals, power generation, infrastructure Port and related infrastructure.
In December 2013 Ambani announced at the Punjab Progressive Summit in Mohali the possibility of a "collaboration" with Bharti Airtel in the creation of digital infrastructure for the 4G network in India.
In February 2014, a FIR against Mukesh Ambani was presented for alleged irregularities in the price of natural gas in the KG Basin. Arvind Kejriwal, who had a short period as the prime minister of Delhi and had ordered the FIR against has accused several political parties of being silent on the issue of gas price. Kejriwal has asked Rahul Gandhi and Narendra Modi to clear their position on the gas pricing issue. Kejriwal has alleged that the center inflated the price of gas to eight dollars a unit although Mukesh Ambani's company spends only one dollar to produce one unit, which meant a loss of Rs. 540 billion to the country annually.
On June 18, 2014, Mukesh Ambani, referring to Reliance Industries' 40th AGM, said that it will invest Rs 1.8 trillion (short scale) over the next three years and launch 4G broadband services in 2015.
In February 2016, Mukesh Ambani-led Jio launched its own brand of 4G smartphones called LYF. In June 2016, it was the third-most-popular brand of mobile phones in India.