Anil Ambani

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Anil Ambani
Anil Ambani Reliance.jpg
Ambani in 2012
Born (1959-06-04) 4 June 1959 (age 59)[1]
Bombay, Bombay State, India
NationalityIndian
Alma materUniversity of Mumbai
The Wharton School of the University of Pennsylvania
OccupationChairman of Anil Dhirubhai Ambani Group
Net worthDecrease US$2.0 billion (July 2018)[2]
Spouse(s)Tina Ambani
Children2
Parent(s)Dhirubhai Ambani
RelativesMukesh Ambani (brother)
Isha Ambani (niece)
Anant Ambani (nephew)

Anil Dhirubhai Ambani (born 4 June 1959) is an Indian business magnate. He is the chairman of Reliance Group (also referred to Reliance ADA Group) which came into existence in June 2005 following a demerger from Reliance Industries Limited. He leads a large number of stock listed corporations including Reliance Capital,[3] Reliance Infrastructure,[4] Reliance Power and Reliance Communications.[5] As of October 2018, Ambani's net worth was $2.1 billion according to the Forbes billionaire list.[6]

His major business interests in entertainment includes 44 FM radio stations, nationwide DTH business, animation studios, and several multiplex cinemas throughout India.[7] He is married to former Bollywood actress, Tina Munim and has two sons Anmol[8] and Anshul.[9]

After the death of his father in 2002, Anil Ambani took over the reins of Reliance Group with interests in Telecom, Entertainment, Financial Services, Power and Infrastructure.[10]

In 2008, Ambani is also credited with India's largest IPO of Reliance Power which was subscribed in less than 60-second on offer, fastest in the history of Indian capital markets till date.[11]

Ambani made his debut into the entertainment industry with an acquisition of a majority stake in Adlabs Films in 2005, a company with interests in film processing, production, exhibition and digital cinema, the company was later renamed Reliance MediaWorks in 2009.[12][13][14]

In 2008 a joint venture worth US$1.2 billion with Steven Spielberg's production company DreamWorks cast Ambani's entertainment business on to a global platform.[15] Through this link he has contributed to the production of a number of films with Steven Spielberg, including the Academy Award winning film Lincoln in 2012.[16][17]

He has earned a Master in Business Administration at the Wharton School of the University of Pennsylvania where he graduated in 1983.[18]

Personal life[edit]

Anil Ambani is a Gujarati.[19] He is married to Indian actress Tina Munim.[20] They have two children.[citation needed]

Awards and recognition[edit]

  • Conferred the 'Businessman of the Year 1997' award. by India's leading business magazine Business India, December 1998.[21]
  • Voted 'the Businessman of the Year' in a poll conducted by The Times of India – TNS, December 2006.[22]
  • Voted the 'Best role model' among business leaders in the biannual Mood of the Nation poll conducted by India Today magazine, August 2006.[23]
  • Conferred 'the CEO of the Year 2004' in the Platts Global Energy Awards.[24]
  • Conferred 'The Entrepreneur of the Decade Award' by the Bombay Management Association, October 2002.[25]
  • 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.[26]
  • Selected by Asiaweek magazine for its list of 'Leaders of the Millennium in Business and Finance' and was introduced as the only 'new hero' in Business and Finance from India, June 1999.[27]

Controversies[edit]

In 2018, India's principal opposition party INC accused the Prime Minister Narendra Modi of favouring Anil Ambani's defence manufacturing company over HAL, a public sector enterprise, in a fighter aircraft deal worth INR 58,000 crores with French manufacturing firm Dassault. Ambani, several of whose companies are debt-ridden, has denied all charges of benefiting from crony capitalism. In a possibly related controversy, it also came to light that one of Anil Ambani's firms had partly financed a French film where former French president Francois Hollande's then partner had acted in, around the same time the aircraft deal was being negotiated.[28]

References[edit]

  1. ^ "Date of birth". daily.bhaskar.com. Retrieved 6 September 2016.
  2. ^ https://www.forbes.com/profile/anil-ambani/
  3. ^ "Reliance Capital". Reliance Capital. 17 April 2014. Retrieved 18 April 2014.
  4. ^ "Reliance Infra". Reliance Infra. 17 April 2014. Retrieved 17 April 2014.
  5. ^ "Reliance Communication". Reliance Communication. 17 April 2014. Retrieved April 17, 2014.
  6. ^ "Anil Ambani". Forbes. Retrieved October 19, 2018.
  7. ^ "Ambani & Sons". CNNGO. 12 June 2012. Retrieved 16 February 2014.
  8. ^ "Jai Anmol Ambani: The media-shy scion of billionaire Anil Ambani". PressRoom Today. Retrieved April 7, 2018.
  9. ^ "Tina Ambani got a third baby". dnaindia.com.
  10. ^ "The Ambani Achievements". Rediff.com. 7 July 2002. Retrieved 16 February 2014.
  11. ^ "Anil Ambani". EXHIBIT MAGAZINE. 22 May 2014. Archived from the original on 6 February 2015.
  12. ^ "Reliance Cap buys 51% in Adlabs for Rs 360 crore". The Economic Times. Bennett, Coleman & Co. Ltd. 1 July 2005. Retrieved 11 February 2015.
  13. ^ "The Reliance-Spielberg Deal: Anil Ambani's Next Blockbuster?". Knowledge@Wharton. The Wharton School, University of Pennsylvania. 2 October 2008. Retrieved 11 February 2015.
  14. ^ "Adlabs Films to be renamed Reliance MediaWorks". Live Mint. HT Media. 4 September 2009. Retrieved 11 February 2015.
  15. ^ "DreamWorks to Receive Funds From Reliance". The Wall Street Journal. News Corporation. 10 April 2012. Retrieved 11 February 2015.
  16. ^ "Reliance Entertainment [in]". IMBD. Retrieved 11 February 2015.
  17. ^ "Lincoln (2012) - Company credits". IMDB. Retrieved 11 February 2015.
  18. ^ https://www.wharton.upenn.edu/wp-content/uploads/125anniversaryissue/ambani.html
  19. ^ "Top 10 Gujarati billionaires". India TV News. 2015-08-01.
  20. ^ Paranjoy Guha Thakurta; Subir Ghosh; Jyotirmoy Chaudhuri (30 March 2014). GAS WARS: Crony Capitalism and the Ambanis. Paranjoy Guha Thakurta. ISBN 978-81-928551-3-4.
  21. ^ "Businessman of the Year 1997". business-standard.com.
  22. ^ "Reliance Communications Ltd (RLCM.NS)". in.reuters.com.
  23. ^ "Anil Ambani". nilacharal.com.
  24. ^ "Anil Ambani is Platts CEO of the Year". rediff.com. Retrieved 11 December 2004.
  25. ^ Business Ethics and Corporate Governance. books.google.co.in.
  26. ^ "Wharton India Economic Forum". the-south-asian.com.
  27. ^ "Anil Ambani makes it to Asiaweek's hall of fame". rediff.com.
  28. ^ "Rafale row: Reliance Entertainment confirms it paid 1.4 million Euros for film by Hollande's partner through partner". indianexpress.com.

External links[edit]