Jai anmol ambani wife

Anil Ambani

Indian businessman (born )

Anil Dhirubhai Ambani (born 4 June ) is an Indian businessman, chairman, and managing director of Reliance Group (a.k.a. Reliance ADA Group). The Reliance Group was created in July following a demerger from Reliance Industries Limited. He led several listed corporations, including Reliance Capital,[2]Reliance Infrastructure,[3]Reliance Power, and Reliance Communications.[4] Anil's net worth is currently estimated at around $ billion.[5]

Ambani, once the sixth richest person in the world, declared bankruptcy before a UK court in February [6] He served in the Rajya Sabha, the upper house of the Parliament of India from Uttar Pradesh, as an Independent MP between and [7][8]

Life and education

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

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

Business career

Ambani's father Dhirubhai died in without leaving a clear succession plan.

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

Anil Ambani received parts of Reliance Group with interests in telecom, entertainment, financial services, power and infrastructure.[12] Ambani is also credited with India's largest IPO, that of Reliance Power, which in was subscribed in less than 60 seconds, the fastest in the history of Indian capital markets to date.[13]

In Ambani made his debut in the entertainment industry with an acquisition of a majority stake in Adlabs Films, a company with interests in film processing, production, exhibition and digital cinema.

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

Ambani gained notoriety as one of the fastest destroyers of shareholder wealth in the last years with the combined group market cap declining by 90% since the formation of the Reliance ADA Group.[20][21]

In early , a court in Mumbai held Ambani in criminal contempt for non-payment of personally guaranteed debt Reliance Communications owed to Swedish gear maker Ericsson.

Instead of jail time, the court gave him a month to come up with the funds.

Tina ambani Prior to entering the Hindi film industry, Tina Ambani also participated in the Miss Teenage Intercontinental beauty contest in Aruba, where she placed as the second runner-up. Take a virtual tour of the stunning property, which is worth Crores, through these 12 pictures. For several years, his mornings have been dedicated to playing doubles tennis at a club in Andheri. Read all the details here.

At the end of the month, Ambani was bailed out by his elder brother, Mukesh Ambani.[9][22]

In April , three ADAG Companies reached standstill agreement with Franklin Templeton after secured NCD default. This led to SEBI changing mutual fund regulation of reducing unlisted NCDs exposure to 10% and making standstill agreement void.

In aftermath, FT India didn't sell the pledged securities and wound 6 debt funds affecting , investors.

In February , Anil Ambani was locked in a legal battle with 3 Chinese banks. He was asked to set aside US$ million by the court which led him to make the statement that his net worth is currently zero after considering his liabilities.[23] The dispute still rages on with the UK court ordering him to pay the 3 Chinese banks to the tune of US$ million.[24][25]

In October , Anil Ambani was named in the Pandora Papers along with his brother Mukesh.[26] In January , the Bombay High Court questioned the Income Tax Department's accusation of tax evasion against Anil Ambani after a petition by him challenged the decision of the notice issued by the IT department.[27]

Personal life

Ambani belongs to a Gujarati family which hails from the village of Chorwad near Junagadh in the Kathiawar region of Gujarat, India.[28] He is the youngest son of 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 Mumbai. Anil is one of four children. He has an older brother, Mukesh Ambani, and two sisters, Smt. Nina Kothari (wife of late Bhadra Shyam Kothari) and Smt. Deepti Salgaocar (wife of Dattaraj Salgoncar).[29]

Anil Ambani is married to the actress Tina Munim.[30] He married her after facing much resistance from his family, due to the fact that she came from the world of fashion and glamour, and her lifestyle choices before marriage had been unconventional.

Nevertheless, the couple have had a stable marriage and have two sons, Jai Anmol Ambani and Jai Anshul Ambani.[31] As of , Ambani and his family reside at The Sea Wind, a story building in Mumbai.[32] On 20 February , Ambani's elder son, Jai Anmol, married Krisha Shah, daughter of the late Nikunj Shah, a Mumbai-based entrepreneur.[33]

Ambani is a teetotaler and a vegetarian.

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

Awards and recognition

  • Conferred the 'Businessman of the Year ' award by India's leading business magazine Business India, December [34]
  • Voted 'the Businessman of the Year' in a poll conducted by The Times of India – TNS, December [35]
  • Voted the 'Best role model' among business leaders in the biannual Mood of the Nation poll conducted by India Today magazine, August [36]
  • Conferred 'the CEO of the Year ' in the Platts Global Energy Awards.[37]
  • Conferred 'The Entrepreneur of the Decade Award' by the Bombay Management Association, October [38]
  • 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 [39]
  • Selected by Asiaweek magazine for its list of 'Leaders of the Millennium in Business and Finance' and was introduced as the only 'new hero' in Business and Finance from India, June [40]

Allegations of political connections

In , India's principal opposition party, Indian National Congress, accused Prime MinisterNarendra Modi of favouring Anil Ambani's defence manufacturing company over HAL, a public sector enterprise, in a fighter aircraft deal worth ₹58, crore (equivalent to ₹&#;billion or US$&#;billion in ) with French manufacturing firm Dassault.

Ambani, several of whose companies are debt-ridden, has denied all charges of benefiting from crony capitalism. In factual terms, Reliance Defence stood to get just over 3 per cent of the ₹30, crore (equivalent to ₹&#;billion or US$&#;billion in ) Dassault Aviation offsets contract, contrary to the impression that it was to be the biggest beneficiary of the Rafale fighter jet deal.[41]

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

References

  1. ^"Anil Ambani: One-time billionaire Anil Ambani says he's now worth nothing".

    The Economic Times.

  2. ^"Reliance Capital". Reliance Capital. 17 April Retrieved 18 April
  3. ^"Reliance Infra". Reliance Infra. 17 April Retrieved 17 April
  4. ^"Reliance Communication". Reliance Communication. 17 April Archived from the original on 3 April Retrieved 17 April
  5. ^"anil Ambani net worth".

    . Retrieved 19 March

  6. ^"Onetime Billionaire Says He's Now Worth Nothing". The Economic Times. 8 February
  7. ^"Anil Ambani to stand for Rajya Sabha". The Economic Times. 16 June Retrieved 21 June
  8. ^"Anil Ambani quits as Rajya Sabha MP amid office of profit row".

    Outlook. 25 March Retrieved 21 June

  9. ^ abAltstedter, Ari; Sanjai, P.R. (3 June ). "Mukesh Ambani Won the World's Most Expensive Sibling Rivalry". Bloomberg News. Retrieved 7 June
  10. ^"Wharton Alumni Magazine: Influential People and Ideas: Anil D.

    Ambani". . Archived from the original on 16 December Retrieved 7 February

  11. ^Robin Banerjee (5 August ). "Family Business Falacy". Who Blunders and How: The Dumb Side of the Corporate World. SAGE Publications. ISBN&#;.
  12. ^"The Ambani Achievements". . 7 July Retrieved 16 February
  13. ^"Anil Ambani".

    EXHIBIT MAGAZINE. 22 May Archived from the original on 6 February

  14. ^"Reliance Cap buys 51% in Adlabs for Rs crore". The Economic Times. Bennett, Coleman & Co. Ltd. 1 July Archived from the original on 4 October Retrieved 11 February
  15. ^"The Reliance-Spielberg Deal: Anil Ambani's Next Blockbuster?".

    KnowledgeWharton. The Wharton School, University of Pennsylvania. 2 October Retrieved 11 February

  16. ^"Adlabs Films to be renamed Reliance MediaWorks". Live Mint.

  17. Tina ambani photo
  18. Anil ambani wife picture
  19. Tina munim ambani

    20. HT Media. 4 September Retrieved 11 February

  20. ^"DreamWorks to Receive Funds From Reliance". The Wall Street Journal. News Corporation. 10 April Retrieved 11 February
  21. ^"Reliance Entertainment [in]". IMDb. Retrieved 11 February
  22. ^"Lincoln () - Company credits".

    IMDb. Retrieved 11 February

  23. ^"DCC wants TRAI to review stand on spectrum pricing, quantum". The Economic Times.

    Mukesh ambani wife So while the Imagica founders thought tourists would come from places as varied as Delhi and Dehradun, they found that people could go to Dubai, Hong Kong or Bangkok for a similar price. Inside Shraddha Kapoor's luxurious new home in Mumbai. The chairman of Adlabs Entertainment is candid, straightforward and unapologetic. Not quite.

    14 June

  24. ^"Anil Ambani falls off billionaire club; equity wealth crashes from $42 billion to $ billion". . 17 June
  25. ^"Mukesh Ambani: India's richest man helps his brother avoid jail". BBC News. 19 March Retrieved 11 February
  26. ^"One-time billionaire Anil Ambani says he's now worth nothing".

    Adlabs imagica anil ambani wife Two Asian airports named among the world's most beautiful airports. By Karishma Shetty. THIS is the ultimate brain-calming hack to reduce stress and anxiety, according to Harvard. Stock Market News.

    The Economic Times. Retrieved 6 October

  27. ^"UK court order to pay 3 China banks: Anil Ambani denies giving any personal guarantee". The Financial Express. 24 June Retrieved 6 October
  28. ^"Mukesh vs Anil: how the Ambani brothers' wealth soared and dipped".

    Tina ambani photo: I always did calculated ones. Adlabs Imagica was recently in the news after an accident involving one of the roller-coasters injured the passengers aboard it. So was it as good as Disney? Build more cinemas?

    South China Morning Post. 20 July Retrieved 11 February

  29. ^Indian, Express (4 October ). "After Panama, it's Pandora: facing regulatory heat, elite Indians find new ways to ringfence wealth in secret havens". Indian Express. Retrieved 4 October
  30. ^"Anil Ambani case: Bombay HC asks I-T dept how Black Money Act can have retrospective effect".

    Mid-Day. 9 January Retrieved 22 February

  31. ^"Top 10 Gujarati billionaires". India TV News. 1 August
  32. ^"Biggest secrets of Ambani family in pics". The Times of India. 18 March Retrieved 12 August
  33. ^Paranjoy Guha Thakurta; Subir Ghosh; Jyotirmoy Chaudhuri (30 March ).

    GAS WARS: Crony Capitalism and the Ambanis. Paranjoy Guha Thakurta.

    Adlabs imagica anil ambani wife name This is the second external funding the amusement park has received. I will not come to be on the streets, right? Manmohan Shetty, like many others, believes that the movie business is on the cusp of dramatic change. Get Smart.

    ISBN&#;.

  34. ^"Tina Ambani got a third baby". Daily News and Analysis. 18 April
  35. ^ ab"Anil Dhirubhai Ambani: The name says it all!". Go2BSchool. 16 July Archived from the original on 28 July
  36. ^Wedding of Jai Anmol
  37. ^"Businessman of the Year ".

    Business Standard. 20 July

  38. ^"Reliance Communications Ltd ()". Reuters.

  39. Anil ambani companies
  40. Mukesh ambani net worth
  41. Anil ambani children
  42. Anil ambani son
  43. Anil ambani net worth in rupees

    44. Archived from the original on 7 April

  44. ^"Anil Ambani". Archived from the original on 8 April Retrieved 2 April
  45. ^"Anil Ambani is Platts CEO of the Year". . Retrieved 11 December
  46. ^Bhatia, S. K. (). Business Ethics and Corporate Governance.

    Deep & Deep Publications. ISBN&#;.

  47. ^"Wharton India Economic Forum".
  48. ^"Anil Ambani makes it to Asiaweek's hall of fame". .
  49. ^Pubby, Manu. "Rafale deal: Reliance Defence to get 3% of Rs 30, crore offset". The Economic Times.

    Retrieved 6 October

  50. ^"Rafale row: Reliance Entertainment confirms it paid million Euros for film by Hollande's partner through partner". The Indian Express. 27 September

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