Anil Dhirubhai Ambani headed Reliance ADAG in 2005, as an inherited business. He is the Chairman of all listed Group companies, which include: Reliance Communications, Reliance Capital, Reliance Energy and Reliance Natural Resources Limited. Anil Ambani took charge as co-chief executive officer of Reliance in 1983 and pioneered in financial innovations before he steered Reliance ADAG. Anil is young, dashing and dynamic entrepreneur of Indian origin, who has an enormous passion and obsession of testing new waters in business. He is highly risk taking business tycoon of today, heading the huge diversified conglomerate; with net worth of dollars 8.8 billion.
Under the leadership of Anil Ambani the company offers integrated telecommunication services, which include a wide range of services mobile and fixed line telephony, broadband, national and international long distance, voice, data, and video. His biggest asset is his around 66% stake in telecom venture Reliance Communications. The company is extensively into many fields like infrastructure, Asset management, financial services, Entertainment, Power, Natural resources and Petrochemicals.
The education and learning, his exposure to business environment right from his childhood days molded him up into an optimistic entrepreneur, who worked out the dreams of common people of India. Today Reliance ADAG entered every nook and corner of India, addresses the needs of one in ten Indians in their day to day life, with its products and services, extending its business into 2, 00,000 towns and 4.5 lakh villages; with over customer base of 100mn. The company has shareholder base of 12mn and has ties with five continents across the world, stands among largest in the world.
Anil Ambani lead ADAG into top third most valued business houses of India. By the end of June 2010 the market capitalization of Reliance ADGA accounted to Rs 1, 42,380Cr; which was 14% higher than the previous year’s quarter. The R-com and Reliance power which lead among the seven listed companies; made their investors wealthier by Rs 16,969Cr.This all shows the Anil Ambani’s keen perception on business, hard work and his efficiency in entrepreneurship. Anil Ambani is business Jewel of India and role model for many young upcoming entrepreneurs.
After sufficiently educating himself Anil Ambani started his career in Reliance; in the year 1983 as Co-Chief Executive Officer. He managed the fund raising and marketing activities. Anil Ambani was in fact the man behind many innovations in the field of Indian finance. His first project which proved him as a financial wizard was, venturing into overseas capital markets with international public offerings of global depository receipts, convertibles and bonds. He started in 1991 and succeeded in tapping global financial markets, and raised around US $2 billion from overseas financial markets. Under Anil's efficient stewardship, the 100 year Yankee bond issue was launched in January 1997.
After demise of his father Dhirubhai Ambani in 2002, July; Reliance group was split between the two brothers and Anil Ambani got the responsibility of Reliance Infocomm, Reliance Energy, Reliance Capital and Reliance Natural Resources Limited. This led to a new beginning called Reliance. Later this group entered the power sector through Reliance Power and the entertainment sector by acquiring Adlabs.
Anil played current trends in business and shifted traditional business into sectors such as Television, gaming and radio (Entertainment). One of Anil's major achievements in the entertainment industry is acquiring Adlabs, the movie production to distribution to multiplex company that owns Mumbai's only dome theatre. Reliance Big Entertainment (RBE). The RBE has entered into contracts with leading production houses in the movie world. It has signed a deal worth of Rs. 1500 crores with Amitabh Bachchan and family. Currently, the RBE is in talks with the Hollywood icon Steven Spielberg for a possible Joint venture deal where RBE will invest $600 million in Spielberg's Dream Works.
After the split in Reliance Group, Anil successfully held the post of Vice Chairman and Managing Director of the company. Anil Ambani founded Anil Dhirubhai Ambani Group in 2005. He is the Chairman of all listed Group companies, which include: Reliance Communications, Reliance Capital, Reliance Energy and Reliance Natural Resources Limited. Anil aggressively expanded Reliance communications which is one of the largest telecommunications company in India. At present, the ADAG is among India’s top three private sector business houses on all major financial parameters. As of 2010, he is the fourth richest Indian with a personal wealth of $13.7 billion, behind Mukesh Ambani, Lakshmi Mittal and Azim Premji.
More about Anil Ambani
Born :4th June, 1959 (age 52yrs) Mumbai, Maharashtra, India
Residence :Mumbai, Maharashtra, India
Nationality : Indian
Alma mater :Bachelor of Science
(University of Mumbai)
MBA degree from the Wharton School
(University of Pennsylvania)
Designation : Chairman Anil Dhirubhai Ambani Group
Spouse : Tina Munim
Children : 2
Anil Ambani was born in the year 1959, June; in Mumbai of Maharastra.He was younger son of Dheerubai Ambani well known business magnate; founder of Reliance Industries (28 December 1932 – 6 July 2002) and his mother Kokilaben Ambani.His elder brother is Mukesh Ambani, who is the first trillionaire of India.
Ambani’s Trio Dhirubhai,
Mukesh & Anil
Dhirubhai Ambani with Kokilaben & sons Mukesh Ambani & Anil Ambani
Anil Ambani spend most of his childhood in Ahmedabad and Mumbai. He completed his Bachelor of Science from K C College, Mumbai. and Masters in Business Administration; The Wharton School at the University of Pennsylvania. He is married to fomer bollywood actress Tina Munim and has two sons Anmol and Anshul. Anil right now stays with his wife, sons and mother at the 17-storeyed Sea Wind building at Cuffe Parade, Navi Mumbai. His wife, Tina, oversees a hospital in Mumbai named after his mother
Anil Ambani’s daily routine starts sharply, at 4 a.m. in the morning. “Concentration can be cultivated. One can learn to exercise will power, discipline one’s body and train one’s mind” are the great words of Anil Dhirubhai Ambani. He jogs every morning to keep him fit and also takes part in Mumbai Marathon once in a while. He is a vegetarian and does not drink or smoke. He drinks 6 liters of water a day and likes to eat Pav Bhaji. He loves driving cars. He now has a Bell 412 13-seat Helicopter which he purchased in 2001. He arrives at his office in a helicopter and works 12 hours a day. His lifestyle is a perfect blend of glamour and health. Anil lived a success story up to his dreams and he is known for his realistic approach and positive attitude towards life, Anil has become new generation role model business man, for the youngsters in India.
On personal front, Anil's lifestyle is highly social and colorful. Parties and get-togethers with celebrity friends are common. Anil's friends list consists of many famous personalities in the political and film circles. Amar Singh, general secretary of Samajwadi Party, is one of Anil’s close friends.
Awards and Honors and recognitions
Anil Ambani has got a distinctive recognition for his contribution to business and growth of his company. He made to the top list of many magazines and news papers on various fronts. Forum (WIEF) is in recognition of his contribution to the establishment of Reliance as a global leader in many of its business areas. His honors include:
|He was conferred the 'Businessman of the Year 1997' award by India's leading business|
|magazine 'Business India’|
|In 2001, he was awarded the First Wharton Indian Alumni Award by the Wharton India Economic|
|In 2002, he was conferred 'The Entrepreneur of the Decade Award' by the Bombay|
|Anil Ambani was rated as one of 'India's Most Admired CEOs' for five consecutive years|
|in the Business Barons in July 2003|
|He was voted as 'MTV Youth Icon of the Year for 2003|
|He was adjudged as the CEO of the Year at the prestigious Platts Global Energy Awards for 2004|
|In 2006, Anil was voted the 'Businessman of the Year' by Times of India|
|In the 2009 India Today Power List, Anil was voted the 3rd most powerful person in India|
He held the responsibility as governor and member of educational institutions and government committees.
|Anil was the member of Uttar Pradesh Development Council (this council has now been scrapped)|
|He is also the Chairman of Board of Governors of DA-IICT, Gandhinagar|
|Anil is member of the Board of Governors of the Indian Institute of Technology, Kanpur|
|He is a member of the Board of Governors, Indian Institute of Management, Ahmedabad|
|He is also a member of the Central Advisory Committee, Central Electricity Regulatory Commission|
|In June 2004, Anil was elected as an Independent Member of the Rajya Sabha, the Indian|
|Parliament’s Upper House, with the support of the Samajwadi Party. But he resigned in March 2006|
Future Business Plans
In spite of all the odds Anil Ambani had vibrant business plans for ADAG for the future years. This shows his go getter type of brave and positive attitude and his strength in business variables; taking the company to the new heights.
His Reliance Power plans to build 13 power plants for $25 billion by 2014. Group's infrastructure arm is investing $5 billion in new roads and metro systems to be completed by 2012. His entertainment unit has committed $825 million to Steven Spielberg's DreamWorks Studios to co- produce films; first one likely to be a movie on Martin Luther King Jr. He's also bidding for debt-burdened studio MGM.
Anil Ambani said “It has always been our ambition to create a world-class bank". He was referring to a discussion paper recently floated by RBI on grant of new banking licenses. Anil Ambani told Reliance Capital shareholders at the company's 24th AGM that "The RBI has recently come out with a discussion paper, containing revised guidelines for the grant of a banking license".
Echoing his view, Reliance Communications Chairman Anil Ambani said, "Data is at the root of convergence. “Reliance Communications today asked the government to give due recognition to broadband, which can bring in the next telecom revolution, with 3G also coming into the picture.
Leadership Style of Anil Ambani and Message to New Generation Entrepreneurs
After a vast experience and learning in leading Anil Ambani puts forth his views on leadership to awaken young leaders. Anil Ambani believes firmly in hard work. The passion you should have for your work is the foremost in having a leadership role in any activity.
Everyone in the company looks up to their boss for inspiration, especially since the boss. As a boss, a sense of purpose should always be in your mind. Every day should be treated as a new day at work and the optimism should show. The challenges should be met head on and dealt with the demeanor of one who enjoys doing it.
Trust the Lieutenants Delegation of power is important. You give a job to some one and if you keep nudging him, he would only be looking behind his shoulder and the work will not get done. Put somebody on a task and let him do the job. On the other hand, if you encourage him, he may come up with some idea that could change the company's fortunes! The sense of passion to build a successful business is to be shared with all those who have anything to do with the business.
Build Relationships A leader should be able to build relationship with people who could be from any walk of life because he is not to know who will come in handy in what. The relationship built should not be left to wither. It should be nurtured to good health. At the same time, humility should not be lost. And, family and social values should not lost sight of.
Do not Rest It is quite possible, with such dedication, for you achieve your goal. Should you rest on your laurels? Absolutely not! Raise the bar again and again. Never rest. Work harder than before and lead from front. Let the people behind you emulate you. Let them work even harder than you. You should be brave enough to tread untrodden paths, taking the risks inherent in a particular venture. You may fail sometimes. Who doesn't fail? Should that stop you from moving ahead? No, take it in your stride. Treat it as a learning experience and move on.
Risks are to be taken The modern times require the ability to marshal the resources and come up with innovative ideas. These ideas should be fueled by the energy that constantly flows from you. Risks are to be taken. You can not grow if timidity stops you from embarking on something new. Boundaries should be crossed and status quo should be discarded. Conventional wisdom is all good but if it stands between you and the growth, you should be able to defy it in the interest of the growth of the company.
Stepping Stone Your sight should always be the on goal you had set yourself and the hurdles, which will be many, do not have to stand in the way. Adversity is something that faces all successful businessmen. A good leader converts the obstacles into stepping stones and moves up leaving the adversity gaping at him.
|Few Inspiring Quotes of Anil Ambani |
|“A leader is a person who can attract followers, if you think you are a leader, please look back when|
|you are walking. If there is nobody following you, you are not a leader of any type”|
|In a speech Anil Ambani memorized his father’s words as follows: “Dreaming with my eyes open, I|
|have a better chance than you to convert my dream into a reality. For you, to dream with your eyes|
|closed, you have a lesser chance to make it into a reality, but a much higher chance to convert it|
|into a nightmare. He said everybody talks about ‘karma’ and everybody talks about ‘destiny’. Let|
|me tell you that destiny, fate is not a matter only of chance, it is also a matter of choice. And in my|
|father’s words, for all of you, all of us in India, I believe if you can dream it, you can do it”|
|“Advertising is about norms and values, aspirations and prejudices. It is about culture”|
|“I think you have to work with people, and when I talk about managing relationships, don’t think the|
|derogatory ‘‘managed relationships’’. It is a question of sharing emotion and feelings. The common|
|denominator of everything can’t be money, and it should not be money”|
|“If you look at the top 20 companies of the world, 19 of them are still brick-and-mortar companies.|
|I have nothing against tech companies. What I am saying is that if you have a car manufacturer or|
|an oil and gas manufacturer, you won’t get the supply over the Net”|