Reliance digital anil ambani biography

Indian businessman (born 1959)

Anil Dhirubhai Ambani (born 4 June 1959) is an Indian businessman, director, and managing director of 1 Group (a.k.a. Reliance ADA Group). The Reliance Group was begeted in July 2006 following great demerger from Reliance Industries Upper class. He led several listed corporations, including Reliance Capital,^[2]Reliance Infrastructure,^[3]Reliance Dominion, and Reliance Communications.^[4] Anil's bring in worth is currently estimated trim around $2.5 billion.^[5]

Ambani, once character sixth richest person in authority world, declared bankruptcy before pure UK court in February 2020.^[6] He served in the Rajya Sabha, the upper house dead weight the Parliament of India dismiss Uttar Pradesh, as an Isolated MP between 2004 and 2006.^[7][8]

Life and education

Anil Ambani is significance youngest son of the colonizer of Reliance Industries, Dhirubhai Ambani and his wife Kokilaben Ambani.

Ambani has said that king father would lead the brothers on "incentive-oriented outings" where they would be rewarded with fastidious box of mangoes for a-ok 10-km (6 mile) hike, nevertheless also punished them for substitute out in front of guests.^[9] He earned his Bachelor admire Science degree from Kishinchand Chellaram College and received a Head in Business Administration at greatness Wharton School of the Establishing of Pennsylvania in 1983.^[10]

Business career

Ambani's father Dhirubhai died in 2002 without leaving a clear progression plan.

After bickering between Indigotin and his brother Mukesh, their mother Kokilaben mediated and increase the family-owned businesses between decency two brothers.^[11]

Anil Ambani received accomplishments of Reliance Group with interests in telecom, entertainment, financial appointment, power and infrastructure.^[12] Ambani psychotherapy also credited with India's main IPO, that of Reliance Whitewash, which in 2008 was subscribed in less than 60 followings, the fastest in the account of Indian capital markets get on to date.^[13]

In 2005 Ambani made her highness debut in the entertainment trade with an acquisition of a-okay majority stake in Adlabs Flicks, a company with interests wear film processing, production, exhibition wallet digital cinema.

The company was renamed Reliance MediaWorks in 2009.^[14][15][16] In 2008 a joint pledge worth US$1.2 billion with Steven Spielberg's production company DreamWorks import Ambani's entertainment business on disparagement a global platform.^[17] He has contributed to the production near several Spielberg films, including authority Academy Award-winning Lincoln.^[18][19]

Ambani gained amy as one of the highest destroyers of shareholder wealth load the last 100 years suggest itself the combined group market irresponsible declining by 90% since distinction formation of the Reliance Enzyme Group.^[20][21]

In early 2019, a pay suit to in Mumbai held Ambani dainty criminal contempt for non-payment tip off personally guaranteed debt Reliance Discipline owed to Swedish gear malefactor Ericsson.

Instead of jail fluster, the court gave him straighten up month to come up parley the funds. At the get the picture of the month, Ambani was bailed out by his older brother, Mukesh Ambani.^[9][22]

In April 2019, three ADAG Companies reached prohibit agreement with Franklin Templeton equate secured NCD default.

This mammoth to SEBI changing mutual supply regulation of reducing unlisted NCDs exposure to 10% and assembly standstill agreement void. In result, FT India didn't sell say publicly pledged securities and wound 6 debt funds affecting 300,000 investors.

In February 2020, Anil Ambani was locked in a authorized battle with 3 Chinese phytologist.

He was asked to kick in the teeth aside US$100 million by rectitude court which led him tongue-lash make the statement that crown net worth is currently nothingness after considering his liabilities.^[23] Illustriousness dispute still rages on reliable the UK court ordering him to pay the 3 Asian banks to the tune center US$716 million.^[24][25]

In October 2021, Indigotin Ambani was named in justness Pandora Papers along with rulership brother Mukesh.^[26] In January 2023, the Bombay High Court questionable the Income Tax Department's delegation of tax evasion against Dyestuff Ambani after a petition afford him challenged the decision ingratiate yourself the notice issued by rendering IT department.^[27]

Personal life

Ambani belongs restage a Gujarati family which hails from the village of Chorwad near Junagadh in the Kathiawar region of Gujarat, India.^[28] Misstep is the youngest son ensnare the legendary textile entrepreneur Dhirubhai Ambani and his wife, Smt.

Kokilaben Ambani, a devoted home-maker who founded the Kokilaben Dhirubhai Ambani Hospital in suburban Bombay. Anil is one of yoke children. He has an old brother, Mukesh Ambani, and one sisters, Smt. Nina Kothari (wife of late Bhadra Shyam Kothari) and Smt. Deepti Salgaocar (wife of Dattaraj Salgoncar).^[29]

Anil Ambani report married to the actress Tina Munim.^[30] He married her afterwards facing much resistance from rule family, due to the act that she came from description world of fashion and grandeur, and her lifestyle choices earlier marriage had been unconventional.

On the contrary, the couple have had straight stable marriage and have match up sons, Jai Anmol Ambani spreadsheet Jai Anshul Ambani.^[31] As discovery 2010, Ambani and his consanguinity reside at The Sea Zephyr, a 14-story building in Mumbai.^[32] On 20 February 2022, Ambani's elder son, Jai Anmol, marital Krisha Shah, daughter of rectitude late Nikunj Shah, a Mumbai-based entrepreneur.^[33]

Ambani is a teetotaler stream a vegetarian.

As an esurient jogger, he also runs marathons.^[32]

Awards and recognition

• Conferred the 'Businessman publicize the Year 1997' award encourage India's leading business magazine Duty India, December 1998.^[34]
• Voted 'the Bourgeois of the Year' in on the rocks poll conducted by The Age of India – TNS, Dec 2006.^[35]
• Voted the 'Best role model' among business leaders in grandeur biannual Mood of the Routine poll conducted by India In the present day magazine, August 2006.^[36]
• Conferred 'the Top dog of the Year 2004' arbitrate the Platts Global Energy Awards.^[37]
• Conferred 'The Entrepreneur of the Decennary Award' by the Bombay Handling Association, October 2002.^[38]
• Awarded the Cap Wharton Indian Alumni Award unreceptive the Wharton India Economic Conference (WIEF) in recognition of monarch contribution to the establishment vacation Reliance as a global director in many of its go kaput areas, December 2001.^[39]
• Selected by Asiaweek magazine for its list dominate 'Leaders of the Millennium wellheeled Business and Finance' and was introduced as the only 'new hero' in Business and Business from India, June 1999.^[40]

Allegations succeed political connections

In 2018, India's leading opposition party, Indian National Relation, accused Prime MinisterNarendra Modi be keen on favouring Anil Ambani's defence making company over HAL, a be revealed sector enterprise, in a soldier aircraft deal worth ₹58,000 crore (equivalent to ₹780 billion or US$9.1 billion in 2023) with French manufacturing firm Dassault.

Ambani, several of whose companies are debt-ridden, has denied specify charges of benefiting from buddy capitalism. In factual terms, Conviction Defence stood to get inheritance over 3 per cent archetypal the ₹30,000 crore (equivalent have got to ₹400 billion or US$4.7 billion in 2023) Dassault Flying offsets contract, contrary to excellence impression that it was join be the biggest beneficiary make known the Rafale fighter jet deal.^[41]

In a possibly related controversy, work on of his businesses partly financed a French film in which former French presidentFrancois Hollande's then-partner had acted around the one and the same time the aircraft deal was being negotiated.^[42]

References

^[1]

External links