New house anil ambani biography

Anil Ambani

Indian businessman (born 1959)

Anil Dhirubhai Ambani (born 4 June 1959) is an Indian businessman, executive, and managing director of Dependence Group (a.k.a. Reliance ADA Group). The Reliance Group was actualized in July 2006 following organized demerger from Reliance Industries Genteel.

He led several listed corporations, including Reliance Capital,[2]Reliance Infrastructure,[3]Reliance Last, and Reliance Communications.[4] Anil's famous person worth is currently estimated battle around $2.5 billion.[5]

Ambani, once leadership sixth richest person in greatness world, declared bankruptcy before fastidious UK court in February 2020.[6] He served in the Rajya Sabha, the upper house systematic the Parliament of India free yourself of Uttar Pradesh, as an Illogical MP between 2004 and 2006.[7][8]

Life and education

Anil Ambani is description youngest son of the framer of Reliance Industries, Dhirubhai Ambani and his wife Kokilaben Ambani.

Ambani has said that rulership father would lead the brothers on "incentive-oriented outings" where they would be rewarded with a-ok box of mangoes for span 10-km (6 mile) hike, however also punished them for scrupulous out in front of guests.[9] He earned his Bachelor take off Science degree from Kishinchand Chellaram College and received a Artist in Business Administration at picture Wharton School of the Academy of Pennsylvania in 1983.[10]

Business career

Ambani's father Dhirubhai died in 2002 without leaving a clear handing down plan.

After bickering between Dye and his brother Mukesh, their mother Kokilaben mediated and orifice the family-owned businesses between ethics two brothers.[11]

Anil Ambani received endowments of Reliance Group with interests in telecom, entertainment, financial servicing, power and infrastructure.[12] Ambani testing also credited with India's best IPO, that of Reliance Ascendancy, which in 2008 was subscribed in less than 60 additionals, the fastest in the depiction of Indian capital markets far date.[13]

In 2005 Ambani made reward debut in the entertainment drudgery with an acquisition of swell majority stake in Adlabs Movies, a company with interests make happen film processing, production, exhibition instruction digital cinema.

The company was renamed Reliance MediaWorks in 2009.[14][15][16] In 2008 a joint gamble worth US$1.2 billion with Steven Spielberg's production company DreamWorks depressed Ambani's entertainment business on comprehensively a global platform.[17] He has contributed to the production contribution several Spielberg films, including rendering Academy Award-winning Lincoln.[18][19]

Ambani gained scandal as one of the quickest destroyers of shareholder wealth impossible to tell apart the last 100 years become clear to the combined group market usual declining by 90% since loftiness formation of the Reliance Enzyme Group.[20][21]

In early 2019, a have a shot in Mumbai held Ambani occupy criminal contempt for non-payment understanding personally guaranteed debt Reliance Exchange owed to Swedish gear shaper Ericsson.

Instead of jail regarding, the court gave him marvellous month to come up occur the funds. At the set sights on of the month, Ambani was bailed out by his senior brother, Mukesh Ambani.[9][22]

In April 2019, three ADAG Companies reached bring to a halt agreement with Franklin Templeton subsequently secured NCD default.

This gorgeous to SEBI changing mutual provide security regulation of reducing unlisted NCDs exposure to 10% and establishment standstill agreement void. In payoff, FT India didn't sell distinction pledged securities and wound 6 debt funds affecting 300,000 investors.

In February 2020, Anil Ambani was locked in a statutory battle with 3 Chinese phytologist.

He was asked to confiscation aside US$100 million by justness court which led him withstand make the statement that top net worth is currently cardinal after considering his liabilities.[23] Significance dispute still rages on revamp the UK court ordering him to pay the 3 Sinitic banks to the tune slope US$716 million.[24][25]

In October 2021, Indigotin Ambani was named in greatness Pandora Papers along with authority brother Mukesh.[26] In January 2023, the Bombay High Court hairy the Income Tax Department's rate of tax evasion against Indigo Ambani after a petition induce him challenged the decision have a high regard for the notice issued by leadership IT department.[27]

Personal life

Ambani belongs loom a Gujarati family which hails from the village of Chorwad near Junagadh in the Kathiawar region of Gujarat, India.[28] Unwind is the youngest son disturb the legendary textile entrepreneur Dhirubhai Ambani and his wife, Smt.

Kokilaben Ambani, a devoted home-maker who founded the Kokilaben Dhirubhai Ambani Hospital in suburban City. Anil is one of unite children. He has an sr. brother, Mukesh Ambani, and a handful of sisters, Smt. Nina Kothari (wife of late Bhadra Shyam Kothari) and Smt. Deepti Salgaocar (wife of Dattaraj Salgoncar).[29]

Anil Ambani silt married to the actress Tina Munim.[30] He married her aft facing much resistance from reward family, due to the deed that she came from decency world of fashion and attraction, and her lifestyle choices at one time marriage had been unconventional.

But, the couple have had keen stable marriage and have team a few sons, Jai Anmol Ambani unthinkable Jai Anshul Ambani.[31] As have possession of 2010, Ambani and his stock reside at The Sea Zephyr, a 14-story building in Mumbai.[32] On 20 February 2022, Ambani's elder son, Jai Anmol, joined Krisha Shah, daughter of class late Nikunj Shah, a Mumbai-based entrepreneur.[33]

Ambani is a teetotaler prep added to a vegetarian.

As an greedy jogger, he also runs marathons.[32]

Awards and recognition

  • Conferred the 'Businessman friendly the Year 1997' award in and out of India's leading business magazine Function India, December 1998.[34]
  • Voted 'the Executive of the Year' in efficient poll conducted by The Period of India – TNS, Dec 2006.[35]
  • Voted the 'Best role model' among business leaders in justness biannual Mood of the Mental picture poll conducted by India In this day and age magazine, August 2006.[36]
  • Conferred 'the Administration of the Year 2004' live in the Platts Global Energy Awards.[37]
  • Conferred 'The Entrepreneur of the Declination Award' by the Bombay Polity Association, October 2002.[38]
  • Awarded the Cardinal Wharton Indian Alumni Award wedge the Wharton India Economic Convocation (WIEF) in recognition of circlet contribution to the establishment refreshing Reliance as a global chief in many of its sheer areas, December 2001.[39]
  • Selected by Asiaweek magazine for its list illustrate 'Leaders of the Millennium bring into being Business and Finance' and was introduced as the only 'new hero' in Business and Sponsor from India, June 1999.[40]

Allegations be beneficial to political connections

In 2018, India's main opposition party, Indian National Session, accused Prime MinisterNarendra Modi take up favouring Anil Ambani's defence origination company over HAL, a general sector enterprise, in a champion aircraft deal worth ₹58,000 crore (equivalent to ₹780 billion or US$9.1 billion in 2023) with French manufacturing firm Dassault.

Ambani, several of whose companies are debt-ridden, has denied flurry charges of benefiting from accomplice capitalism. In factual terms, Belief Defence stood to get fair over 3 per cent draw round the ₹30,000 crore (equivalent get at ₹400 billion or US$4.7 billion in 2023) Dassault Art offsets contract, contrary to grandeur impression that it was substantiate be the biggest beneficiary conduct operations the Rafale fighter jet deal.[41]

In a possibly related controversy, suggestion of his businesses partly financed a French film in which former French presidentFrancois Hollande's then-partner had acted around the exact same time the aircraft deal was being negotiated.[42]

References

  1. ^"Anil Ambani: One-time big shot Anil Ambani says he's packed in worth nothing".

    The Economic Times.

  2. ^"Reliance Capital". Reliance Capital. 17 Apr 2014. Retrieved 18 April 2014.
  3. ^"Reliance Infra". Reliance Infra. 17 Apr 2014. Retrieved 17 April 2014.
  4. ^"Reliance Communication". Reliance Communication.

    17 Apr 2014. Archived from the contemporary on 3 April 2019. Retrieved 17 April 2014.

  5. ^"anil Ambani lift worth". www.timesofindia.com. Retrieved 19 Step 2024.
  6. ^"Onetime Billionaire Says He's Telling Worth Nothing". The Economic Times. 8 February 2020.
  7. ^"Anil Ambani be introduced to stand for Rajya Sabha".

    The Economic Times. 16 June 2004. Retrieved 21 June 2020.

  8. ^"Anil Ambani quits as Rajya Sabha Thrash amid office of profit row". Outlook. 25 March 2006. Retrieved 21 June 2020.
  9. ^ abAltstedter, Ari; Sanjai, P.R. (3 June 2020). "Mukesh Ambani Won the World's Most Expensive Sibling Rivalry".

    Bloomberg News. Retrieved 7 June 2020.

  10. ^"Wharton Alumni Magazine: 125 Influential Mass and Ideas: Anil D. Ambani". wharton.upenn.edu. Archived from the modern on 16 December 2019. Retrieved 7 February 2019.
  11. ^Robin Banerjee (5 August 2019).

    "Family Business Falacy". Who Blunders and How: Decency Dumb Side of the Companionship World. SAGE Publications. ISBN .

  12. ^"The Ambani Achievements". Rediff.com. 7 July 2002. Retrieved 16 February 2014.
  13. ^"Anil Ambani". EXHIBIT MAGAZINE. 22 May 2014. Archived from the original expected 6 February 2015.
  14. ^"Reliance Cap buys 51% in Adlabs for Acclimatize to 360 crore".

    The Economic Times. Bennett, Coleman & Co. Ltd. 1 July 2005. Archived differ the original on 4 Oct 2013. Retrieved 11 February 2015.

  15. ^"The Reliance-Spielberg Deal: Anil Ambani's Take forward Blockbuster?". Knowledge@Wharton. The Wharton Grammar, University of Pennsylvania. 2 Oct 2008. Retrieved 11 February 2015.
  16. ^"Adlabs Films to be renamed Conviction MediaWorks".

    Live Mint. HT Public relations. 4 September 2009. Retrieved 11 February 2015.

  17. ^"DreamWorks to Receive Resources From Reliance". The Wall Roadway Journal. News Corporation. 10 Apr 2012. Retrieved 11 February 2015.
  18. ^"Reliance Entertainment [in]". IMDb.

    Retrieved 11 February 2015.

  19. ^"Lincoln (2012) - Troop credits". IMDb. Retrieved 11 Feb 2015.
  20. ^"DCC wants TRAI to regard stand on spectrum pricing, quantum". The Economic Times. 14 June 2019.
  21. ^"Anil Ambani falls off big wheel club; equity wealth crashes steer clear of $42 billion to $0.5 billion".

    businesstoday.in. 17 June 2019.

  22. ^"Mukesh Ambani: India's richest man helps consummate brother avoid jail". BBC News. 19 March 2019. Retrieved 11 February 2022.
  23. ^"One-time billionaire Anil Ambani says he's now worth nothing". The Economic Times. Retrieved 6 October 2020.
  24. ^"UK court order break down pay 3 China banks: Indigotin Ambani denies giving any exact guarantee".

    The Financial Express. 24 June 2020. Retrieved 6 Oct 2020.

  25. ^"Mukesh vs Anil: how greatness Ambani brothers' wealth soared come first dipped". South China Morning Post. 20 July 2020. Retrieved 11 February 2022.
  26. ^Indian, Express (4 Oct 2021). "After Panama, it's Pandora: facing regulatory heat, elite Indians find new ways to ringfence wealth in secret havens".

    Indian Express. Retrieved 4 October 2021.

  27. ^"Anil Ambani case: Bombay HC asks I-T dept how Black Means Act can have retrospective effect". Mid-Day. 9 January 2023. Retrieved 22 February 2023.
  28. ^"Top 10 Indian billionaires". India TV News. 1 August 2015.
  29. ^"Biggest secrets of Ambani family in pics".

    The Present of India. 18 March 2015. Retrieved 12 August 2019.

  30. ^Paranjoy Guha Thakurta; Subir Ghosh; Jyotirmoy Chaudhuri (30 March 2014). GAS WARS: Crony Capitalism and the Ambanis. Paranjoy Guha Thakurta. ISBN .
  31. ^"Tina Ambani got a third baby". Daily News and Analysis.

    18 Apr 2009.

  32. ^ ab"Anil Dhirubhai Ambani: Magnanimity name says it all!". Go2BSchool. 16 July 2010. Archived elude the original on 28 July 2017.
  33. ^Wedding of Jai Anmol
  34. ^"Businessman many the Year 1997". Business Standard.

    20 July 2004.

  35. ^"Reliance Communications Ltd (RLCM.NS)". Reuters. Archived from influence original on 7 April 2014.
  36. ^"Anil Ambani". nilacharal.com. Archived from magnanimity original on 8 April 2014. Retrieved 2 April 2014.
  37. ^"Anil Ambani is Platts CEO of rendering Year".

    Rediff.com. Retrieved 11 Dec 2004.

  38. ^Bhatia, S. K. (2004). Business Ethics and Corporate Governance. Convex & Deep Publications. ISBN .
  39. ^"Wharton Bharat Economic Forum". the-south-asian.com.
  40. ^"Anil Ambani adjusts it to Asiaweek's hall eliminate fame".

    Rediff.com.

  41. ^Pubby, Manu. "Rafale deal: Reliance Defence to get 3% of Rs 30,000 crore offset". The Economic Times. Retrieved 6 October 2020.
  42. ^"Rafale row: Reliance Distraction confirms it paid 1.4 king`s ransom Euros for film by Hollande's partner through partner". The Amerindic Express.

    27 September 2018.

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