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Mukesh Ambani holds a 50.4% stake in the company. [70] This move kept his salary capped at ₹150 million for the fourth year in a row. [71] In early 2019, a court in Mumbai held his younger brother, Anil Ambani, in criminal contempt for non-payment of personally guaranteed debt Reliance Communications owed to Swedish gearmaker Ericsson ...
Anil Ambani is the youngest son of the founder of Reliance Industries, Dhirubhai Ambani and his wife Kokilaben Ambani. Ambani has said that his father would lead the brothers on "incentive-oriented outings" where they would be rewarded with a box of mangoes for a 10-km (6 mile) hike, but also punished them for acting out in front of guests. [9]
After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his two sons. The Reliance ADA Group was formed in 2006 after the two brothers Mukesh Ambani and Anil Ambani, split Reliance Industries in December 2005. [3] [4] Anil Ambani got the responsibility of Reliance Infocomm, Reliance Energy, and Reliance Capital.
Dhirubhai died in 2002, leaving Mukesh and his brother Anil at the reins; Mukesh ultimately wrested majority control. As of last year, Reliance operates over 230 subsidiaries.
The sons of Dhirubhai Ambani inherited their father’s fortune, after which Reliance Industries placed son Mukesh Ambani as the head of the company. This Mumbai-based conglomerate is the world ...
The father of the groom is Mukesh Ambani, 66, currently the world’s 9th richest man with a net worth of $116 billion, according to Forbes. He is also the richest person in Asia.
The Ambani family holds around 45% of the shares in RIL. [125] Since its inception, the company was managed by its founder and chairman Dhirubhai Ambani. After suffering a stroke in 1986, he handed over the daily operations of the company to his sons Mukesh Ambani and Anil Ambani. After the death of Dhirubhai Ambani in 2002, the management of ...
India's richest man Mukesh Ambani, who controls oil-to-telecoms powerhouse Reliance Industries that is now worth many times the troubled business group run by his younger brother Anil, appears to ...