Anil Ambani

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Anil D Ambani
Ambani in 2012
Member of Parliament, Rajya Sabha
In office
2004 (2004)–2006 (2006)
ConstituencyUttar Pradesh
Personal details
Born (1959-06-04) 4 June 1959 (age 64)[1]
Bombay, Bombay State, India
Tina Ambani (m. 1991)
RelationsMukesh Ambani (brother)
Alma mater

Anil Dhirubhai Ambani (born June 4, 1959) is an Indian businessman. He serves as the chairman and managing director of the Reliance Group, also known as the Reliance ADA Group. This group was established in July 2006 after separating from Reliance Industries Limited. Ambani is responsible for various publicly traded companies, including Reliance Capital, Reliance Infrastructure, Reliance Power, and Reliance Communications.[2] He is the son of Indian industrialist Dhirubhai Ambani.[3]

At one point, Anil Ambani was among the world's wealthiest individuals, but in February 2020, he made a statement in a UK court claiming that he had no assets left and was bankrupt. However, the accuracy of this assertion has been questioned.[4][5]

He also served as a Member of Parliament, Rajya Sabha, which is the upper house of India's Parliament. He represented Uttar Pradesh as an Independent Member of Parliament between 2004 and 2006.[6][7]

Personal life[change | change source]

Anil Ambani was born into a Gujarati family from Chorwad, Junagadh district, Gujarat.[8] He is the son of textile entrepreneur Dhirubhai Ambani and Kokilaben Ambani. He has an older brother, Mukesh Ambani, and two sisters, Nina Kothari and Deepti Salgaoncar.[9] Anil Ambani is married to actress Tina Munim[10] and they have two sons, Jai Anmol Ambani and Jai Anshul Ambani.[11]

Awards[change | change source]

In December 1998, Anil Ambani received the 'Businessman of the Year 1997' award from India's top business magazine, Business India.[12] In December 2006, The Times of India conducted a poll, and people voted him as 'the Businessman of the Year'.[13] In August 2006, India Today magazine did a poll and people chose him as the 'Best role model' among business leaders.[14]

In the year 2004, he received the 'CEO of the Year' award in the Platts Global Energy Awards.[15] In October 2002, the Bombay Management Association gave him the Entrepreneur of the Decade Award.[16] In December 2001, he got the First Wharton Indian Alumni Award from the Wharton India Economic Forum (WIEF) for his work in making Reliance a global leader in many business areas.[17]

In June 1999, Asiaweek magazine included him in its list of Leaders of the Millennium in Business and Finance. He was the only 'new hero' from India in the field of Business and Finance.[18]

Controversies[change | change source]

In India, is limited to subscribers of Reliance Communications (Jio), a telecommunications company owned by its conglomerate.[19]

In 2014, he publicly wished a happy birthday to Prime Minister Narendra Modi, with whom he is very close.

In 2015, the French tax authority canceled a €143.7 million tax audit against Reliance Flag Atlantic France, a company owned by Ambani.

In October 2018, the French NGO Sherpa filed a complaint with the National Financial Prosecutor's Office to open an investigation into corruption and influence peddling in the sale of 36 Rafale fighter jets from France to India. The sale was negotiated between the French company Dassault Aviation and the Indian company Reliance Defence Limited, controlled by Ambani and formed 10 days before the final contract was signed in April 2015. In April 2019, the Supreme Court of India initiated a corruption inquiry into the same contract.

In October 2021, his name was mentioned in the Pandora Papers.

References[change | change source]

  1. "Anil Ambani: One-time billionaire Anil Ambani says he's now worth nothing". The Economic Times.
  2. "Here's a look at all the companies that Anil Ambani owns". Business Insider. June 22, 2019.
  3. "Ambani Family Tree: Meet all the members of 'The Ambani Family'". Financial Express. January 3, 2023.
  4. "Onetime Billionaire Says He's Now Worth Nothing". The Economic Times.
  5. Sharma, Niharika (October 4, 2021). "Anil Ambani might not be penniless, the Pandora Papers show". QZ.
  6. "Anil Ambani to stand for Rajya Sabha". The Economic Times. 16 June 2004. Retrieved 21 June 2020.
  7. "Anil Ambani quits as Rajya Sabha MP amid office of profit row". Outlook. 25 March 2006. Retrieved 21 June 2020.
  8. "Top 10 Gujarati billionaires". India TV News. 2015-08-01.
  9. "Biggest secrets of Ambani family in pics". The Times of India. 2015-03-18. Retrieved 2019-08-12.
  10. 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.
  11. "Tina Ambani got a third baby". Daily News and Analysis. 18 April 2009.
  12. Bureau, Our (20 July 2004). "Businessman of the Year 1997". Business Standard.
  13. "Reliance Communications Ltd (RLCM.NS)". Reuters. Archived from the original on 2014-04-07.
  14. "Anil Ambani". Archived from the original on 8 April 2014. Retrieved 2 April 2014.
  15. "Anil Ambani is Platts CEO of the Year". Retrieved 11 December 2004.
  16. Bhatia, S. K. (2004). Business Ethics and Corporate Governance. ISBN 9788176295925.
  17. "Wharton India Economic Forum".
  18. "Anil Ambani makes it to Asiaweek's hall of fame".
  19. Facebook redéfinit son « Internet pour les pauvres » en Indeon LeMonde