Reliance Industries Limited
Makers Chambers – IV,
Mumbai 400 021.
Tel : 91-22-2278 5000
Reliance Industries Limited
Makers Chambers – IV,
Mumbai 400 021.
Tel : 91-22-2278 5000
firstname.lastname@example.org (Anil Ambani- brother)
The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002), is India’s largest private sector enterprise, with businesses in the energy and materials value chain. Group’s annual revenues are in excess of US$ 58 billion. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company and is the largest private sector company in India.
Backward vertical integration has been the cornerstone of the evolution and growth of Reliance. Starting with textiles in the late seventies, Reliance pursued a strategy of backward vertical integration – in polyester, fibre intermediates, plastics, petrochemicals, petroleum refining and oil and gas exploration and production – to be fully integrated along the materials and energy value chain.
The Group’s activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones.
Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products.
Major Group Companies are Reliance Industries Limited, including its subsidiaries and Reliance Industrial Infrastructure Limited.
Board of director:
Shri Mukesh D. Ambani
Chairman & Managing Director
Shri Nikhil R. Meswani
Shri Hital R. Meswani
Shri PMS Prasad
Shri Ramniklal H. Ambani
Shri Mansingh L. Bhakta
Shri Yogendra P. Trivedi
Dr. D. V. Kapur
Shri M. P. Modi
Prof. Ashok Misra
Prof. Dipak C Jain
Born: December 28, 1932
Died: July 6, 2002
Achievements: Dhiru Bhai Ambani built India’s largest private sector company. Created an equity cult in the Indian capital market. Reliance is the first Indian company to feature in Forbes 500 list
Dhirubhai Ambani was the most enterprising Indian entrepreneur. His life journey is reminiscent of the rags to riches story. He is remembered as the one who rewrote Indian corporate history and built a truly global corporate group.
Dhirubhai Ambani alias Dhirajlal Hirachand Ambani was born on December 28, 1932, at Chorwad, Gujarat, into a Modh family. His father was a school teacher. Dhirubhai Ambani started his entrepreneurial career by selling “bhajias” to pilgrims in Mount Girnar over the weekends.
After doing his matriculation at the age of 16, Dhirubhai moved to Aden, Yemen. He worked there as a gas-station attendant, and as a clerk in an oil company. He returned to India in 1958 with Rs 50,000 and set up a textile trading company.
Assisted by his two sons, Mukesh and Anil, Dhiru Bhai Ambani built India’s largest private sector company, Reliance India Limited, from a scratch. Over time his business has diversified into a core specialisation in petrochemicals with additional interests in telecommunications, information technology, energy, power, retail, textiles, infrastructure services, capital markets, and logistics.
Dhirubhai Ambani is credited with shaping India’s equity culture, attracting millions of retail investors in a market till then dominated by financial institutions. Dhirubhai revolutionised capital markets. From nothing, he generated billions of rupees in wealth for those who put their trust in his companies. His efforts helped create an ‘equity cult’ in the Indian capital market. With innovative instruments like the convertible debenture, Reliance quickly became a favorite of the stock market in the 1980s.
In 1992, Reliance became the first Indian company to raise money in global markets, its high credit-taking in international markets limited only by India’s sovereign rating. Reliance also became the first Indian company to feature in Forbes 500 list.
Dhirubhai Ambani was named the Indian Entrepreneur of the 20th Century by the Federation of Indian Chambers of Commerce and Industry (FICCI). A poll conducted by The Times of India in 2000 voted him “greatest creator of wealth in the century”.
Dhirubhai Ambani died on July 6, 2002, at Mumbai.
After Dhirubhai Ambani the Business is taken over by his two sons Mukesh Ambani and Anil Ambani.
Born: April 19, 1957
Achievement: Chairman and Managing Director of Reliance Industries Limited, India’s largest private sector company; Chosen as ET Business Leader of the Year 2006; Ranked 42nd among the World’s Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by PricewaterhouseCoopers and published in Financial Times, London, November 2004.
Mukesh Ambani is the face of new emerging India. He is the Chairman and Managing Director of Reliance Industries Limited, India’s largest private sector company.
Mukesh Ambani joined Reliance in 1981 and was the brain behind Reliance’s backward integration from textiles into polyester fibres and further into petrochemicals. During the process of backward integration, Mukesh Ambani led the creation of 51 new, world-class manufacturing facilities involving diverse technologies that raised Reliance’s manufacturing capacities manifold.
World’s largest grassroots petroleum refinery at Jamnagar is the brainchild of Mukesh Ambani. He was also the incharge of Dhirubhai’s dream project Reliance Infocomm. But after the split in the Reliance Empire, Reliance Infocomm went to his brother Anil Ambani. Mukesh Ambani is now planning to enter retail sector in a big way. He has plans to establish big retail stores all over the country. Recently, he also entered into an agreement with Haryana Government to establish a Special Economic Zone (SEZ) with an investment running into thousands of crores.
Mukesh Ambani has many achievements and honours to his name. Mukesh Ambani was chosen as the ET Business leader of the Year 2006. He was ranked 42nd among the World’s Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by PricewaterhouseCoopers and published in Financial Times, London, November 2004. He was conferred the World Communication Award for the Most Influential Person in Telecommunications in 2004 by Total Telecom, October, 2004. Mukesh Ambani was also conferred the Asia Society Leadership Award by the Asia Society, Washington D.C., USA,
Lakshmi Niwas Mittal (Steel Industry)
Berkeley Square House
London W1J 6DA
Tel: +44 20 7629 7988
Fax: +44 20 7629 7993
Lakshmi Nivas Mittal was born on June 15, 1950 in Sadulpur, Rajasthan, India and is presently the CEO & Chairman of Arcelor Mittal. Lakshmi Nivas Mittal was listed in the Forbes List of Billionaires in 2006 as the the richest Indian and the fifth richest man in the world with an estimated wealth around of $25.0 billion and is the richest man in the United Kingdom.
Young Lakshmi Nivas Mittal spent his first years in Sadulpur, before his father moved to Kolkata. Lakshmi graduated from St. Xavier’s College, Calcutta. He founded Mittal Steel in 1976, which soon became a global steel producer with operations on 14 countries. His success mantra lies in the identification, acquisition and turnaround of many loss making steel companies all across the world.
In 1994, he took over the international operations of his family’s steel business. Arcelor Mittal is presently the world’s largest producer of low and mid-grade steels, with operations in Romania, Bosnia-Herzegovina, South Africa, Poland, Czech Republic, Indonesia, Kazakhstan and many other countries. Mittal is considered to be close to the British Prime Minister Tony Blair and has donated large sums of money to the Labour party coffers. He bought his residence at 18-19 Kensington Palace Gardens from Formula One car racing boss Bernie Ecclestone in 2004 for £57.1 million ($105.7 million), the highest-ever price paid for a house.
His son Aditya is the CFO(Chief Financial Officer) of Arcelor Mittal. Mr. Mittal has been nominated as a member of the Foreign Investment Council in Kazakhstan, the International Investment Council in South Africa, the World Economic Forum’s International Business Council, besides being a Director of ICICI Bank Limited and being on the Advisory Board of the Kellogg School of Management in the United States.
Mittal bought No. 9A Palace Greens, Kensington Gardens, formerly the British Philippines embassy, at £70 million in 2008 for his daughter Vanisha Mittal Bhatia Bhatia who is married to Amit Bhatia a businessman and a philanthropist.
Mittal owns three prime properties collectively worth £500 million on the “Billionaire’s Row” at Kensington Palace Gardens. In 2005, he also bought a colonial bungalow for $30 million at No. 22, Aurangzeb Road in New Delhi, India, the most exclusive street in the city occupied by embassies and millionaires, and rebuilt it as a house
ArcelorMittal is the successor to Mittal Steel, a business originally set up in 1976 by
Mr Lakshmi N Mittal, chief executive officer and chairman of the board of directors. ArcelorMittal was created through the merger of Arcelor and Mittal Steel in 2006.
Mittal Steel’s rapid growth since 1989 has been the result of combining a successful consolidation strategy with a number of significant acquisitions.
Since setting up operations in Trinidad and Tobago in 1989, some of its major acquisitions are Siderurgica del Balsas (Mexico) in 1992, Sidbec (Canada) in 1994, Karmet (Kazakhstan) and Hamburger Stahlwerke (Germany) in 1995, Thyssen Duisburg (Germany) in 1997, Inland Steel (US) in 1998, Unimetal (France) in 1999, Sidex (Romania) and Annaba (Algeria) in 2001, Nova Hut (Czech Republic) in 2003, BH Steel (Bosnia), Balkan Steel (Macedonia), PHS (Poland) and Iscor (South Africa) in 2004, ISG (US), Kryvorizhstal (Ukraine), as well as a significant interest in Hunan Valin Steel (China) in 2005, and three Stelco Inc. subsidiaries (Canada) in 2006.
Arcelor was created in February 2002 through the merger of Arbed (Luxembourg) founded in 1911, Aceralia (Spain) and Usinor (France). Arcelor also had major steel production facilities in Belgium, Germany, Italy, Brazil and Argentina.
Arcelor acquired a controlling interest in Companhia Siderurgica Tubarao (now a part of ArcelorMittal Brasil) in 2004, Huta Warszawa (Poland) in 2005, a controlling interest in Sonasid (Morocco), as well as Dofasco (Canada) in 2006.
At the time of the merger with Mittal Steel, Arcelor was the second largest steel producer in the world.
In 2007 the newly merged ArcelorMittal continued to pursue an expansive growth strategy, with 35 transactions announced worldwide.
At the beginning of 2008 ArcelorMittal continued to make investments, with significant transactions announced in Australia, Brazil, Canada, Costa Rica, France, Russia, South Africa, Sweden, Turkey, United Arab Emirates, the US and Venezuela, the majority of which were completed. But in light of the deteriorating economic situation during 2008, ArcelorMittal suspended most investment activity by the end of the year.
Post-crisis, ArcelorMittal has cautiously restarted certain projects to capture growth in key emerging markets and mining. Capital expenditure on mining doubled in 2011 to almost US$1.3 billion, as the group embarked on a major development programme aimed at expanding existing mines and developing new ones.
the daughter-in-law of the steel tycoon Lakshmi Mittal, is the Executive Director of Escada, the German fashion luxury brand, born 20 November 1976 in Kolkata, India. She went to Wharton School of Business in 1997 for graduation and studied B.S in Economics with concentration in Finance.
When she bought the iconic but troubled Germa fashion house Escada in late 2009 for $85 million, most of the people thought is was a mere indulgence. Megha has over seen new lines of clothing that promise trendy and sporty clothes for all occasion. She has turned Escada into a fast evolving contemporary fashion destination. She has taken some valuable lessons in turning around business from her father-in-law. She has retained the management and has empowered them in decision-making and she has set strict revenue targets. Harak Banthia who is Lakshmi Mittal’s trusted lieutenant and also an Executive Director at Escada is helping Megha. The company is expected to turn profitable this year.
The youngest son of Ajay Piramal , Anand Piramal 27 years old, is the Deputy Chairman of Piramal Realty. He appears to have taken an intense interest in the finer aspects of construction and, therefore, all designs are scrutinized by him. He wants Piramal Realty to be recognized for its quality. He wants to make Piramal Realty a leading Mumbai real estate player and is putting his heart and soul into the business.
He has to achieve the bar elevated by his father, who developed Mumbai’s first mall, Crossroads. He strategizes to include the luxury housing space in his next business venture. He also has an grand plan to create the ‘Gurgaon of Mumbai’ on the outskirts of the city. He also wishes to carve a niche for the company in the affordable housing space sector. His zeal for reasonable housing comes from philanthropic activities he has done for the Piramal Foundation. Graduated from Harvard Business School, Anand worked on Piramal e-Swasthya, a rural heathcare program that he started with Nitin Nohria, Dean of Harvard Business School. The program trained literate women in simple diagnostic techniques of minor ailments in Rajasthan’s Jhunjhunu district.