Anil Ambani

Anil Ambani
Born	4 June 1959 (1959-06-04) Mumbai, Maharashtra, India
Residence	Mumbai, Maharashtra, india
Nationality	Indian
Alma mater	University of Mumbai University of Pennsylvania
Occupation	Chairman of Anil Dhirubhai Ambani Group
Net worth	$ 8.8 billion (2011)
Religion	Hinduism
Spouse	Tina Munim
Children	3
Parents	Dhirubhai Ambani Kokilaben Ambani
Relatives	Mukesh Ambani (Brother)
Website
Anil Ambani

Anil Dhirubhai Ambani (born 4 June 1959) (Gujarati: અનીલ ધીરુભાઈ અંબાની) is an Indian industrialist and chairman of Reliance Anil Dhirubhai Ambani Group, one of the largest private conglomerates. Anil's elder brother Mukesh Ambani, who heads as the chairman of Reliance Industries. The Ambani family is the richest families in India and one of the richest in the world, their wealth inherited from Dhirubhai Ambani, founder of largest Indian conglomerate Reliance Group.

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.^{[citation needed]} 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.

Career

Ambani joined Reliance Industries, 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.^{[citation needed]} 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^{[citation needed]}. 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.^{[citation needed]}

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.^{[citation needed]}

He has been embroiled in a dispute with his brother, Mukesh Ambani, over the supply of gas from the latter's KG basin.^{[citation needed]}

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 412). 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.^{[citation needed]}

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. Air Works, 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 Today 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 Platts Global Energy Awards for 2004.
• Voted as 'MTV Youth Icon of the Year for 2003' in September 2003.
• Conferred 'The Entrepreneur of the Decade Award' by the Bombay Management Association, October 2002.^{[citation needed]}
• Awarded the First Wharton Indian Alumni Award by the Wharton India Economic Forum (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 India, December 1997.^{[citation needed]}
• He was awarded in Lakme Fashion Week to be the most beautiful man on ramp in 2009.

Personal life

Anil Ambani is Gujarati Indian. He is married to Indian Bollywood Actress Tina Munim and has two sons Zahir and Anshul. He has taken part in the Mumbai Marathon. 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.

English Premier League

Ambani was in talks in September 2008 with Everton officials over a deal to take over the club.

Bibliography

• Yogesh Chabria, Happionaire's Cash The Crash. CNBC - Network18. ISBN 978-81-906479-5-3 - 2009

External links

• Profile at Reliance ADAG
• Profile at Forbes
• Anil Ambani collected news and commentary at The New York Times
• Anil Ambani collected news and commentary at The Wall Street Journal
• Anil Ambani collected news and commentary at The Guardian
• Anil Ambani: collected news and commentary at The Times of India