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Home Business

Mukesh Ambani: Action-oriented approach, taking risks, and the significance of hard work

Mukesh Ambani's business lessons include an action-oriented approach, taking risks, and the significance of hard work.

India CSR by India CSR
April 20, 2022
in Business
Reading Time: 3 mins read
Mukesh Ambani. Image: India CSR

Mukesh Ambani. Image: India CSR

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The 65-year-old businessman has emphasised the need to align passion and purpose on numerous occasions.

Mukesh Ambani is undoubtedly one of the greatest entrepreneurs in the history of trading and business. Through his tactics and wisdom, he has changed the complete face of Indian Industries and also helped to elevate the Indian economy.

Business magnate Mukesh Ambani remains an inspiration for generations of Indians who continue to look up to him for his wisdom. Over the years, there have been numerous books, videos, podcasts, and interviews of the billionaire that have motivated people to think out of the box and give wings to their entrepreneurial ambitions.

Mukesh Dhirubhai Ambani was born on 19 April 1957 in the British Crown colony of Aden (present-day Yemen) into a Gujarati Hindu family to Dhirubhai Ambani and Kokilaben Ambani.

On his 65th birthday, here is a list of notable works that are a must for anyone who wishes to know more about the man, his method, and his magnificence.

Ambani began assisting his father Dhirubhai Ambani to operate the family business in 1981. Today, he is the chairman and the largest shareholder of Reliance Industries Ltd. (RIL) which is a Fortune Global 500 company. The book delves deep into the evolution of Mukesh as a visionary leader.

Ambani’s life and business decisions have always attracted attention. Millions have been trying to decode the inner workings of one of the world’s richest men.

He is currently the Chairman and Managing Director of Reliance Industries. According to Forbes World Billionaire’s List, he is successfully placed on the 10th rank. He religiously followed his father Dhirubhai Hirachand Ambani’s footsteps and built a strong foundation for Reliance Industries.

The son of a rich noble family got the business management skills, revolutionary attitude, faith in teamwork, and a helping attitude from his father while disciplining, determination, and Nationalist attitude from his mother Kokilaben Ambani to whom he was the closest among the family members.

Ambani lived only briefly in Yemen because his father decided to move back to India in 1958 to start a trading business that focused on spices and textiles. The latter was originally named “Vimal” but later changed to “Only Vimal”.

His family lived in a modest two-bedroom apartment in Bhuleshwar, Mumbai until the 1970s. The family’s financial status slightly improved when they moved to India but Ambani still lived in a communal society, used public transportation, and never received an allowance.

Dhirubhai later purchased a 14-floor apartment block called ‘Sea Wind’ in Colaba, where, until recently, Ambani and his brother lived with their families on different floors.

In 1985, Mukesh Ambani married Nita Ambani. The couple has two sons– Anant Ambani and Akash Ambani and a daughter– Isha Ambani. Dhirubhai Ambani attended a dance performance where Nita participated and later arranged the marriage for the two of them.

The family resides in a 27-storey private apartment– Antilia, worth $1 bn USD. The building has 600 staff members for its maintenance and has three helipads, 160-car garage, private movie theatre, swimming pool and a fitness centre.

Mukesh Ambani has been listed consistently as India’s richest man over a decade by the Forbes Magazine. In addition to this, he is the only businessman of India on Forbe’s list of the world’s most powerful people. In January 2018, he was ranked 18 by the Forbe’s in its list of the wealthiest person in the world. In 2018, he surpassed Jack Ma, becoming Asia’s richest person with a net worth of $44.3 billion.

Outside North America and Europe, Mukesh Ambani the wealthiest person in the world. In the year 2015, China’s Hurun Research Institute ranked Mukesh Ambani as fifth among India’s philanthropists. He also became the first non-American to be the Director of Bank of America. In 2012, Forbes listed him among the richest sports owners in the world.

On November 11, 2020, Mukesh Ambani ranked third in the seventh edition of EdelGive Hurun India Philanthropy List 2020 with a donation of ₹458 crores.

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India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

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