Mukesh Ambani is the Chairman and managing director of Reliance Industries Limited (RIL). The billionaire business tycoon has a mammoth net worth of Rs. 948860 crores. It was back in 1981 when a young Mukesh Ambani joined his family business under his father, Dhirubhai Ambani's command. From an early age, Mukesh showed that he has the nerves to make risky decisions necessary for Reliance's growth. From setting up Reliance Infocomm Limited, which is now Reliance Communications Limited, to leading the construction of a huge petrochemical plant in Patalganga at the mere age of 24, he was born with the heart of an entrepreneur.
Courtesy of Mukesh Ambani's vision, Reliance Industries Limited is the 48th most valuable company in the world. The conglomerate made history in February 2024, when it touched the mark of Rs. 20 lakh crore in market capitalisation, becoming the first Indian company to achieve this feat. It was a major achievement for Reliance Industries Limited (RIL) and also inspired many other Indian conglomerates to create something big.
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Over the years, several business critics have tried their best to decode the biggest factor behind Mukesh Ambani's success. While some credited his wife, Nita Ambani and kids, Isha Ambani Piramal, Akash Ambani and Anant Ambani as the driving force behind him, many critics pinpoint Dhirubhai Ambani's parenting as a possible reason behind Mukesh Ambani's triumph. However, one factor that has been mentioned in the list of almost every business critic is how Mukesh Ambani treats his employees and business partners as a family.
Whether we talk about Mukesh Ambani's best friend, Anand Jain, who also plays an important part in Reliance Industries Limited or his right-hand, Manoj Modi, who has been with the billionaire right from their college days, Mukesh Ambani's greatest strength is his employees, whom he treats as his family.
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It is extremely rare to see a business tycoon of Mukesh Ambani's stature with so much humility, which contributes heavily to his success. One such trusted aide of Mukesh Ambani is Kundapur Vaman Kamath, better known as K V Kamath, who is the Independent Director and Non-Executive Chairman of Jio Financial Services. For the unversed, JFS is a subsidiary of Reliance Industries Limited, but the former was transitioned into an independent entity back in August 2023.
Dhirubhai Ambani passed away on July 6, 2002, due to a major stroke. After just three years, cracks started appearing in the relationship of the late business tycoon's sons, Mukesh Ambani and Anil Ambani. The differences reached a point where they decided to split their family business, Reliance Industries. After completing all the legalities, it was in December 2005 when Mukesh and Anil parted ways with Reliance's split. It was the beginning of a brand new challenge for both Mukesh and Anil as they had to take their business to the next level without each other's help or guidance.
According to several reports, Mukesh Ambani was in contact with KV Kamath, who was one of the biggest names in the financial space. It was back in 2022 when KV Kamath joined Reliance Industries officially as an independent director of Reliance Industries for the next five years. Not only this, but Mukesh Ambani also gave him the position of Chairman at Jio Financial Services. Since his introduction to Reliance Industries, KV Kamath has helped its subsidiaries succeed to a notch higher.
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The reason why Mukesh Ambani has given such big responsibilities to KV Kamath is because he has strong faith in his knowledge of financial space and business administration. In order to understand it a bit better, let's talk about KV Kamath's educational background. For the uninitiated, KV Kamath holds a bachelor's degree in mechanical engineering and a master's degree in business administration. Talking about his professional journey, he said he had previously served as ICICI bank's managing director and was also Infosys' Chairman.
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Not only this, KV Kamath was also appointed as the first president of the New Development Bank set up by the BRICS countries. As of now, he is the Chairman of the National Bank for Financing Infrastructure and Development (NaBFID). Courtesy of his incredible contribution in the financial and business spaces, KV Kamath was bestowed with India's second-highest civilian honours, Padma Bhushan back in 2008, which speaks everything about his intelligence and impact. We hope he continues to lead Reliance Industries to further heights with his close friend, Mukesh Ambani.
What are your thoughts on Mukesh Ambani's aide and ex-chairman of Infosys, KV Kamath? Let us know.
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