Anil Ambani Biography: Anil Dhirubhai Ambani is a well-known businessman in India. He was born on 4 June 1959. Anil Ambani was the chairperson of the Reliance ADA group which is also known as Reliance Group. The group was created in July 2006. Anil has various stocks listed as Reliance Capital, Reliance Power, Reliance Infrastructure and Reliance Communication. Most of you wouldn’t know that he was once the 6th richest person in the world. Anil Ambani was also nominated in the Rajya Sabha from Uttar Pardesh between 2004 to 2006. If you want to know more about Anil Ambani, scroll the page till the end.
Anil Ambani Biography
Anil Ambani has completed his graduation in Bachelor of Science from Kishinchand Chellaram College. After that, he pursued a Master’s in Business Administration in 1983. He completed his MBA at the Wharton School of the University of Pennsylvania situated in the United States. In February 2002, UK Court declared that Anil Ambani is bankrupt and he has zero net worth. However, there are still questions concerning the claim.
Anil Ambani Biography: Highlights
|Name||Anil Dhirubhai Ambani|
|Age||63 Years Old|
|Born Place||Maharashtra, India|
|Date of Birth||4 June 1959|
Jai Anmol Ambani and Jai Anshul Ambani
|Residence||Sea Wind Building|
|Education||Bachelor of Science and Master in Business Administrative|
|Siblings||Mukesh Ambani, Nina Ambani Kothari and Dipti Ambani Salgaocar|
Anil Ambani’s Wife, Children and Family
Anil Ambani is Gujarati and the younger son of Dhirubhai Ambani (who is a founder of Reliance company) and his wife Kokilaben. He has three siblings named Mukesh Ambani (2nd richest man in India), Deepti Salgaocar and Nina Kothari. Anil Ambani tied the knot in 1991 with Tina Ambani who is also an actress during the 80s. They have two sons. The elder one is Jai Anmol Ambani who is now married to Krishna Shah and the youngest one is Jai Anshul Ambani.
Anil Dhirubhai Ambani Business Career
As you know, Business tycoon Dhirubhai Ambani died in 2022. He did not plan how the property will be divided between his sons. After his death, there was a lot of bickering between both of his sons i.e., Anil and Mukesh Ambani. To solve this matter, Kokilaben decide to split the family business which was created by her husband between both of them.
After the split, Anil Ambani received some part of Reliance Group and also interests in entertainment, power, infrastructure, telecom and financial services. Ambani was also credited with the largest Reliance Power IPO in India. The IPO was subscribed to in less than a minute in 2008. To date, it is the fastest subscription in the history of the Indian Capital Market.
After that, Anil Ambani decided to make his debut in the entertainment industry. So, he entered the entertainment industry with the majority of stakes in Abdlans Films in 2005. The company worked in exhibition, production, film processing and digital marketing. After nearly four years ie, in 2009. Ambani renamed Adlabs Films with Reliance MediaWorks. Ambani also created a joint venture between Ambani MediaWorks and DreamWorks which is a production company of Steen Spielberg. It aims behind the venture was to emit the Ambani MediaWorks onto a worldwide platform. Ambani also contributed to the production of some films produced by Steven Spielberg. One of the films was Lincoln which won an Academy Award.
Mumbai Court held Anil Ambani for the unpaid payment of the personally guaranteed debt that Reliance Communication payable to Ericsson Telecommunication Company which is a Swedish Gear Maker in early 2019. However, the court did not announce jail time. They gave Ambani a month to return the fund to Ericsson. After a month, Mukesh Ambani elder brother of Anil bailed him out.
After the Non-convertible debentures (ND) default in April 2019, Anil Dhirubhai Ambani three companies made it to a standstill agreement with Franklin Templeton. Because of that, the Security Exchange Board of India changed some mutual fund regulations. They reduced the unlisted Non-convertible debentures submission to 10% to make the standstill agreement invalid. As a result, Financial Times did not sell the securities that as pledged and slashed 6 debt funds. This action affected over 3,00,000 investors.
Anil Ambani is considered one of the fastest shareholder wealth destroyers within a decade. His Reliance Anil Dhirubhai Ambani Group’s combined group market cap has declined by 90%. It was the first time that the company has lost 90% since its formation of the company.
Furthermore, Anil Ambani also fought legal battles not only with three Chinese banks in February 2020. The court asked him to set 100 million $ aside by the court. This is the reason which led Ambani to make the statement that After taking into consideration of his liabilities, he would be bankrupt which means his net worth would be zero. The debate still arises and the United Kingdom court order him to reimburse all the mentioned Chinese banks with US $ 716 Million. Along with Mukesh Ambani, Anil Ambani was also named in the Pandora Papers in October 2021.
Anil Ambani Family Images
Anil Ambani and His Political Connection
Indin National Congress accuses Prime Mister of India, Narendra Modi of favouring the Defence Company of Anil Ambani over Hindustan Aeronautics Limited which is a public sector company. The accusation has been made over the fighter aircraft deal with Dassault which is a French manufacturing company.
The deal was worth Rs. 58,000 crores. meanwhile, Anil Ambani has dismissed all the accusations and charges of gaining benefits from crony capitalism. If we will talk in factual terms, Anil Ambani’s company will get just 3% over the deal price which is worth Rs. 30,000 crores through the aviation offsets contract, opposing the occasion that it was the biggest beneficial Rafale Fighter jet deal.
Awards and Recognition
|Businessman of the Year 1997||Business India||December 1998|
|Businessman of the Year||The Times of India||December 2006|
|Best Role Model||India Today Magazine||August 2006|
|The CEO of the Year||Platts Global Energy Awards||2004|
|The Entrepreneur of the Decade Award||Bombay Management Association||October 2022|
|First Wharton Indian Alumni Award||Wharton India Economic Forum (WIEF)||December 2001|
|Leaders of the Millennium in Business and Finance||Asiaweek magazine||June 1999|
FAQs on Anil Ambani Biography
The cost of the joint venture held between Anil Ambani and Steven Spielberg costs around US $ 1.2 Billion.
Anil Ambani once used to be richer than Mukesh Ambani but now it has been stated that his net worth is now 0 and he is now bankrupt.
Anil Ambani once said that his father, Dhirubhai Ambani would lead him and his brother on incentive-oriented outings. They get the box of mangoes as a reward for a 6-mile hike or 10-km hike. He also punishes them if they act out in front of their guests.
Anil Ambani and Tina Ambani got married on 2nd February 1991.
Anil Ambani completed his graduation from Kishinchand Chellaram College (Mumbai) and post-graduation from the University of Pennsylvania in the United States.