Tuesday, October 21, 2008

Career

Ambani joined Reliance, the company founded by his late father Dhirubhai Ambani, in 1983 as Co-Chief Executive Officer and is credited with having pioneered many financial innovations in the Indian capital markets. For example, he led India's first forays into overseas capital markets with international public offerings of global depositary receipts, convertibles and bonds. He directed Reliance in its efforts to raise, since 1991, around US$2 billion from overseas financial markets; with a 100-year Yankee bond issue in January 1997 being the high point, after which people regarded him as a financial wizard[citation needed]. He has steered the Reliance Group to its current status as India's leading textiles, petroleum, petrochemicals, power, and telecom company.

Anil was the member of Uttar Pradesh Development Council (This council has now been scrapped) He is also the Chairman of Board of Governors of DA-IICT, Gandhinagar and a member of the Board of Governors of the Indian Institute of Technology, Kanpur. He is member of the Board of Governors, Indian Institute of Management, Ahmedabad. He is also a member of the Central Advisory Committee, Central Electricity Regulatory Commission. In June 2004, Anil was elected as an Independent Member of the Rajya Sabha - Upper House, Parliament of India with the support of the Samajwadi Party. In March 2006, he resigned. Recently after his brother Mukesh Ambani he also has his name in the list of Indian Trillionaires(In terms of Indian Rupee).[citation needed]

Anil has been linked with several starlets in his long career including his current wife of more than 15 years. He is a close friend of movie star Amitabh Bachchan[citation needed] . One of his major achievements in the entertainment industry is the takeover of Adlabs, the movie production to distribution to multiplex company that owns Mumbai's only dome theatre.

[edit] Awards

  • Voted Businessman of the Year 2006 by Times of India-TNS poll [1]
  • Adjudged as the CEO of the Year at the prestigious Platts Global Energy Awards for 2004.
  • Voted 'MTV Youth Icon of the Year', September 2003.
  • Conferred 'The Entrepreneur of the Decade Award' by the Bombay Management Association, October 2002.
  • Awarded the First Wharton Indian Alumni Award by the Wharton India Economic Forum (WIEF) in recognition of his contribution to the establishment of Reliance as a global leader in many of its business areas, December 2001.
  • Conferred the 'Businessman of the Year 1997' award by India's leading business magazine Business India, December 1997.

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