Who is mukesh ambani wikipedia

In the year , India under Indira Gandhi leadership opened the doors of PFY polyester filament yarn manufacturing plant to the private sector. Dhirubhai Ambani applied for the license to set up a PFY plant and faced stiff competition with Tatas, Birlas and more. Despite the competition, Dhirubhai received the 'License Raj'. In , he called back Mukesh Ambani to help him build his business. Rasikbhai Meswani was the then director of the company and Mukesh Ambani reported to him daily.

The company was laid on the principle that everyone must contribute to the business and not the selected individuals. In , Rasikbhai died and the next year in , Mukesh Ambani's father suffered a stroke. It was at this time that all the responsibility was shifted to Mukesh Ambani being the eldest son of the family.

At the age of 24 years, Ambani was given charge of the construction of Patalganga petrochemical plant. On July 6, , Mukesh's father died suffering a second stroke. This elevated tensions between the brothers as Dhirubhai didn't leave any will for the distribution of the empire.

Their mother, Kokilaben Ambani, solved the dispute by splitting the company into two. Under Mukesh Ambani's guidance, the company built the world's largest grassroots petroleum refinery at Jamnagar, India and can produce , barrels per day in the year In December , Mukesh Ambani announced a collaborative venture with Bharti Airtel to set up a digital infrastructure for the 4G network in India.

On June 18, , he announced an investment of Rs 1. The smartphone was India's third-largest selling smartphone that year. In September that year, Jio 4G was launched commercially. University of Baroda. Mukesh Ambani has been listed consistently as India's richest man over a decade by the Forbes Magazine. In addition to this, he is the only businessman of India on Forbe's list of the world's most powerful people. In January , he was ranked 18 by the Forbe's in its list of the wealthiest person in the world.

He also became the first non-American to be the Director of Bank of America. In , Forbes listed him among the richest sports owners in the world. JioMeet: What is it, its features, devices supporting, how to download and more. Are you worried or stressed?

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