Mukesh Ambani
This is a collection of articles archived for the excellence of their content. |
Contents |
A profile
An industrialist
THE ACE OF SPADES because his Midas touch has ensured that his companies keep growing at an exponential rate in spite of a tough business environment. His net worth of $23.6 billion (Rs.1.4 lakh crore) is almost 30 per cent more than that of his nearest rival.
He is India's richest man for eight consecutive years and plans to invest an additional $25 billion (Rs.1.5 lakh crore) in his businesses over the next two years and sits on a pile of cash of Rs.83,000 crore.
He entered the media market with a big bang, engineering a takeover of Network18 group in 2014, and now plans to expand his media empire to emerge as one of India's information and thought leaders.
His expansion into new arenas includes the fledgling Reliance Jio Infocomm, causing a stir in the telecom landscape. The company paid Rs.11,000 crore in spectrum auctions in 2014 to get airwaves in 14 circles, accounting for 70 per cent of the industry's revenues.
Epic ties
He turned venture capitalist in 2013, along with Mahindra & Mahindra boss Anand Mahindra, to back a soon-to-be-launched genre-specific entertainment channel, Epic TV, in his personal capacity. Having made peace with brother Anil Ambani, is stitching together infrastructure-sharing ties with Reliance Communications and Sunil Mittal's Bharti Airtel.
Power show
He got PM Narendra Modi to inaugurate the Sir H.N. Reliance Foundation Hospital and Research Centre in Mumbai in October, 2014, during his first visit to the city after the BJP swept the state assembly polls. It included a select gathering of 250 invitees, including tycoons, film stars, cricketers and political honchos.
Wild at heart
Has a hidden passion for wildlife and often takes breaks in sanctuaries such as the Kruger National Park in South Africa, Ranthambore National Park in Sawai Madhopur and Bandhavgarh National Park in Umaria, Madhya Pradesh.
Acquisitions
As in 2018
1. Reliance Jio customers, 7 acquisitions made by Mukesh Ambani you should know about
For the last two years, if there’s one company that is made its intentions loud and clear in the data and telecom market then it has to be Reliance Jio. While the Mukesh Ambani-led billion-dollar company has created a stir with its aggressive pricing and offers, on the side lines it has been acquiring companies or stake in companies with interests in data, entertainment and content. Here we list out some of the biggest acquisitions Reliance Industries has made keeping in mind its telecom, data and content business:
2. 66% stake in DEN for Rs 2,290 crore: For Jio GigaFiber
In its most recent acquisition, Reliance Industries picked up the majority stake in this company to bolster its Jio GigaFiber’s operations.
3. 51.3% stake in Hathway for Rs 2,940 crore: For Jio GigaFiber
Like DEN, Hathway too will help the company to reach out to a wider audience for its Jio GigaFiber, which was launched.
4. 25% stake in Balaji Telefilms for Rs 413 crore: For content creation and JioCinema, JioTV
Keeping in mind its properties like JioTV and JioCinema, the company picked up stake in this leading production house. Balaji produces films, TV shows and also has an OTT content platform called ALT Balaji.
5. Radisys for Rs 510 crore: For IoT and 5G services
For its IoT (Internet of Things) and 5G operations, Reliance Industries bought some stake in this US-based firm.
6. Acquired 73% stake in Embibe: For online education
Embibe is an AI-based education platform that uses data analytics for personalised learning to help students. Reliance bought a stake in the company earlier this year.
7. Acquired Saavn for Rs 670 crore: For online music streaming
To make its presence felt in the online music streaming business, Saavn was one of the first and biggest acquisition made by Reliance Jio.
8. 16% stake in KaiOS for Rs 46 crore: For JioPhone
KaiOS is the operating system on which JioPhone and other feature phones run. Soon after the launch of JioPhone, Reliance picked up a stake in this company.
Wife: Nita Ambani
She has emerged as India's most glamorous hostess. Her home, with its art exhibitions and lavish parties, is the new convention centre for the power elite. If you've not been invited to Antilia, you haven't made it yet. She is the face of the IPL's Mumbai Indians and her philanthrophic organisation Reliance Foundation is now working on healthcare, livelihoods and education in 5,500 villages and towns across India.
Qwerty woman
Not one to fancy new gadgets or touch phones, she uses an old Black-Berry with a keypad.
Soccer mom
On the field for 14 hours a day, she often works past midnight, speaking to Indian Soccer League club owners and supervising arrangements.
2018: salary and compensation
June 9, 2018: The Times of India
India's richest Indian Mukesh Ambani has kept his annual salary from company Reliance Industries capped at Rs 15 crore for the tenth year in a row. "Compensation of Mukesh D Ambani, Chairman and Managing Director, has been set at Rs 15 crore, reflecting his desire to continue to set a personal example for moderation in managerial compensation levels," says RIL in its latest annual report. Here's a look into how much Mukesh Ambani earned during the just concluded fiscal and more ...
1. Mukesh Ambani's salary at RIL capped at Rs 15 crore: 8 things to know
2. His remuneration for 2017-18 included Rs 4.49 crore as salary and allowances. This is slightly higher than Rs 4.16 crore he received during the previous 2016-17 fiscal.
3. Reliance Industries has also sought shareholders' approval to give Mukesh Ambani another five years as the chairman and managing director of the company.
4. Mukesh Ambani, 61, has been on the RIL board since the year 1977. He became chairman of the company after the death of his father Dhirubhai Ambani in July 2002.
5. As per RIL's annual report, he is entitled to receive bonus based on net profits and "expenses incurred for travelling, boarding and lodging, including for spouse and attendant(s) during business trips and provision of car(s) for use....
6. Similarly, “the expenses, as may be borne by the company for providing security to Mukesh Ambani and his family members shall not be considered as perquisites and accordingly, not to be included for the purpose of computation of the overall ceiling of remuneration.”
7. Mukesh Ambani's wife Nita Ambani, a non-executive director on the company's board, earned Rs 6 lakh as sitting fee during the fiscal year.
8. Mukesh Ambani is the single-largest shareholder of Reliance Industries. In this position, he reportedly earned Rs 14,553 crore from the dividend declared by the company.
9. Commission remain unchanged at Rs 9.53 crore while perquisites have declined to Rs 27 lakh from Rs 60 lakh. Retirement benefits during the fiscal stood at Rs 71 lakh. Retirement benefits are not included in the overall ceiling of remuneration.
See also
The Ambanis <> Anil Ambani <> Mukesh Ambani
