It is said that success never builts easily by anyone. Success requires continuous efforts, firm determination smart work along with the hard work and of course the passion and patience. Yes, it is really important but to become the richest man like Mukesh Ambani of the country one has to think more than this beyond this.
That was not the only factor, but the blessings and learnings from the parents also important. Therefore, as a father Dhirubhai taught to his elder son Mukesh Ambani and he followed all with patience and dedication and soon becomes one of the richest and most successful people in the world. Dhirubai has 3 important learnings which he forwarded to Mukesh Ambani.
These three things include creating a fortune for himself and RIL’s army of limited shareholders, running rings around the officials and last but not the least his appetite for giant industrial projects. These are the three learning which he followed to become the richest man in India.
It is an occasion of the 61st birthday of Indian Business Tycoon, So here are some facts about Mukesh Ambani that makes him different from other business giants.
Know about the rich and vast Business empire of Mukesh Ambani
Initial days of Mukesh Ambani
Mukesh Dhirubhai Ambani was born in Yamen on 19 April 1957 is an Indian business Tycoon. He is the chairman, managing director and largest shareholder of Reliance Industries Limited (RIL). The RIL is the India’s most valuable company and also rated in the Fortune Global 500 company list.
Mukesh Ambani holds 44.7% stake in the company. His companies includes Reliance Industries, Reliance Petroleum (RPL), IPCL and Reliance Industrial Infrastructure Ltd (RIIL). In education, he had a Bachelor of Chemical Engineering from the University Department of Chemical Technology (UDCT). These days it is known as the University of Mumbai, Institute of Chemical Technology (UICT). The name of his better half is Nita Ambani. He has two sons and one daughter Akash, Anant and Isha.
The company of Mr. Ambani’s RIL was set up by his father, Dhirubhai, in the year of 1957. RIL skipped from textiles into oil refining and petrochemicals. Reliance refinery which is located in Gujarat is one of the largest refineries in the world. It opened in 2000, two years before Dhirubhai died.
Separation of Anil and Mukesh
Mukesh Ambani and his brother, Anil, took the reins in 2002 after the death of his father Dhirubhai Ambani. Later they separated from each other in 2005. This left Mukesh in full controller of RIL.
RIL’s shares have covered India’s stock market over the past period. Also, its return on capital has dropped, halving from 12% to 6%.
During the time Anil was the Reliance public face of Reliance, who interact with the investors. Whereas Mukesh was always in the background. He kept himself busy constructing the assets for the company.
After they both got married most common thing of Indian joint family took place in their family too. Therefore, it is decided to discrete the business among the two brothers.
The initial idea was to permit the brothers to keep the business which they were handling. But Anil never agreed to this as the major business was handling by Mukesh, not Anil.
Finally, Kokilaben requested Mr. Kamath of ICICI became the advisor. He decided that business must not be separated. It must be transferred entirely to one party.
Since Mukesh was profound into Petrochemical business and he was managing it totally right from the starting so it was given to him. Whereas Anil was managing finance well. So it became obvious that Mukesh would get Petrochemicals and Anil would keep finance and energy business.
But, Anil wanted Telecom, the telecom business which was actually started by Mukesh. Also, Mukesh was unwilling to give as he has some grand plans for telecom.
This is one of the main reason of dispute between the two brothers. But in the end, Mukesh handed over Telecom along with more than 25000 crores to his younger brother Anil Ambani.
Thereafter the division, Anil had not just large cash in hand, but also old finance and promising energy business and new fast growing Telecom.
Mukesh had just one entity which is RIL
As Anil has large cash, freedom to run the 3 successful entities, he is just Anil was more than happy. Anil soon becomes the face of Reliance. This leads many people to think that Mukesh will always remain behind Anil.
Initial days of Anil were great and Mukesh Ambani stayed busy with RIL. But how Mukesh will change his luck with smartness and business-sense nobody has ever thought of.
Mukesh Ambani placed World biggest business bets by launching Jio in 2016
India’s richest man Mukesh Ambani placed one of the world’s biggest business bets by launching Reliance Jio in September 2016. The reliance Jio that makes to the common man to have internet facility in the minimum price. Now, Reliance Jio becomes a part of every Indian family. It is a mobile-telecoms network that lets India’s commonalities to access data on an unmatched scale. In just six months it has won 100 million customers. Reliance Jio is the only firm on the planet which has an attainment rate of Facebook.
His Reliance Jio acquired a customer base of whole India in a short span of time. Right from Kolkata’s slums to the river Ganges banks there are over millions of people across India got the chance of using social media and streaming videos for the very first time.
To attain this high trust of a huge customer base. Mr. Mukesh Ambani has spent an unbelievable $25bn on Jio, without creating a rupee profit. This terrified competitors and even investors too but Mukesh Ambani is a real businessman who thinks a lot before taking any decision. Now we all know the success of Jio. This motivation of gamble perhaps lies with his tempestuous history of a family.
The emergence of Reliance Jio has made to think the Jio’s three main mobile competitors who have actually jumbled to respond to this competition.
For this Bharti Airtel is purchasing a smaller competitor in order to lower its costs. Similarly, Vodafone is in talks about integration with Idea Cellular which is another operator in the telecom sector.
In fact, most of the other weaker companies that include firm (Rcom) run by his brother will possibly vanish soon.
Why is Mukesh Ambani more successful than Anil Ambani?
Though Anil Ambani got more that Mukesh Ambani during the separation of their Business. But there are various business qualities in the Mukesh Ambani which makes him more successful than Anil.
Before the separation, Mukesh managed Petrochemicals. Also, he made Telecom business single-handedly. But due to the dispute created by Anil, he has to handover it to Anil. Anil was always into the handling of Finance and energy/electricity but still, he fights for Telecom which is solely created by Mukesh.
Mukesh Ambani is the one who has transformed the traditional business in few years and took it towards success. In 1981 he joined Reliance and started Reliance’s backward mixing from textiles into polyester fibers. Further, he moves towards the petrochemicals.
During this process, he directed the creation of 60 new, world-class manufacturing facilities involving diverse technologies that have raised Reliance’s manufacturing capacities from less than 1 million tonnes to 12 million tonnes per year.
He directed and led the creation of the world’s largest and popular petroleum refinery at Jamnagar, Gujarat, India. It has the present capacity of 660,000 barrels per day (33 million tonnes per year). This also combined with petrochemicals, port and related infrastructure, power generation, at an investment of $26 billion USD.
Mukesh Ambani set up one of the largest telecommunications companies in India in the form of Reliance Communications (formerly Reliance Infocomm) Limited.
2 important difference in the thinking of Mukesh Ambani and Anil Ambani
Their basic way of thinking
Anil loved to experiment with numerous things at a time. The one which gives him high returns. Whereas Mukesh likes to concentrate on one thing at a time. Anil is keen in horizontal extent whereas Mukesh looked for the deepness.
Along with this Anil loved showy lifestyles. He never wants to managed business at a low level. Whereas Mukesh can conduct a meeting for hours without a single break. This shows his dedication and sincerity.
Mukesh has patience but Anil never have
Mukesh has the ability to think of a business on a larger scale. He has the patience to wait for years to get the returns. He always desired his business to run on a positive scale. On the other hand, Anil is impatient and believe in quick results. Also, Anil first collects cash from the public. Then it takes years for to build a business. Whereas Mukesh has a different perspective he first takes years to shape business and then go public later on.
So, Mukesh is considered as the dol for the project management professionals. Whereas Anil became a quick return seeker investors.
Mukesh has possessed not just grand vision but also has the patience to execute that vision.
And he proves it by becoming a world’s biggest startup – JIO. Since he was always interested to go for telecom business and it is one of his dream ventures, so he did it. Nobody has ever thought of that he will create a new telecom business even after giving the entire telecom business initiated by him that is Reliance Telecom (is in major debt) to his brother.
Mukesh Ambani has the ability to create business
People some time called Mukesh as a madman as he chose CDMA over GSM. This is because he believed in DATA. But Anil never understood his smartness. For Anil his, telecom business is nothing, but the film production. And this is the main reason Anil is responsible for the fail of Reliance Telecom what he took that from Mukesh. Anil neither had that passion nor the aptitude and interest to run the telecom business. But for Mukesh has a passion for the telecom business. That’s why after giving the established telecom business he created again his telecom business and back with JIO.
Mukesh believes in creating the business. On the other hand, Anil wanted to take profits from the prevailing trends in the market.