Ambani later enrolled for an MBA at Stanford University but withdrew in 1980 to help his father build Reliance, which at the time was still a small but fast-growing enterprise.
His father felt that real-life skills were harnessed through experiences and not by sitting in a classroom, so he called his son back to India from Stanford to take command of a yarn manufacturing project in his company.
Reliance’s backward integration from textiles to polyester fibers, petrochemicals, petroleum refining, and upstream to oil and gas exploration and production emerged as a result of this.
Spearheads Reliance’s entry into the petrochemicals business, marking a major diversification.
In 1986, he founded the current Reliance Communications constrained.
Mukesh took over the reins and duties of Reliance Industries Limited and also played a key role in expanding the company globally. He developed one of the world’s largest and most complicated information and communications technology endeavors, Reliance Infocomm Limited, which is currently known as Reliance Communications Limited.
In Jamnagar, he supervised and oversaw the development of the world’s largest grassroots petroleum refinery, with a current capacity of 660,000 barrels per day (33 million tonnes per year) and integrated petrochemicals, power generation, port, and related infrastructure. Instead of investing in offshore acquisitions, Mukesh Ambani constructed greenfield assets that generate 20% returns on investment rather than succumbing to corporate fads or political pressure.
Mukesh Ambani has been awarded with the prestigious Othmer Gold Medal for his entrepreneurial leadership by the United States based Chemical Heritage Foundation.
Ambani was presented the award by Carsten Reinhardt, President & CEO of Chemical Heritage Foundation (CHF) during the occasion of the Heritage Day of CHF at Philadelphia, United States of America.
Antilia, the opulent residential property owned by Mukesh Ambani, is an architectural marvel located on Altamount Road in South Mumbai, one of the world’s most expensive areas. Inspired by the sun and lotus, the house was designed by renowned architects Perkins and Will and Hirsch Bedner Associates. Spread across 400,000 square feet, it boasts luxurious amenities such as multiple swimming pools, a spa, yoga and dance studios, and three helipads. With parking for 168 cars and nine super-fast elevators, Antilia epitomizes luxury living, reflecting the Ambani family’s extravagant lifestyle and attention to detail.
Mukesh Ambani’s introduction of Reliance Jio in September 2016 transformed India’s telecom sector by offering affordable high-speed 4G internet, disrupting the market and democratizing access to digital services nationwide. Jio’s low-cost data plans and free voice calls played a pivotal role in bridging the digital divide, empowering millions across diverse socio-economic backgrounds with connectivity and opportunity.
In 2022, he completes two decades at the helm of Reliance Industries. In these 20 years, the company has achieved a consistent strong double-digit growth across revenues, profits, net worth, assets as well as market capitalisation.
Reliance’s market capitalization grew at an annualized rate of 20.6 per cent in last 20 years.
Mukesh Ambani holds the distinction of being India’s wealthiest individual for the past decade, as per Forbes magazine’s rankings. He’s also Asia’s richest person and the tenth wealthiest globally, solidifying his status as a titan of wealth and influence. As the largest shareholder of Reliance Industries, Ambani commands significant sway in both the Indian business landscape and on the international stage