Anil Ambani : A Visionary Business Leader
Indian business houses for quite sometime. have been aggressively charting a growth path riding on large-scale offshore acquisitions and deals with foreign companies. Recently leading mobile service provider Reliance Communications signed a deal worth over $2.2 billion (Rs. 10,000 crore) with Etisalat. the second largest mobile operator of UAE. As per the deal. Etisalat will use Reliance's towers to roll out its network. This is by far the largest telecom infrastructure sharing agreement of its kind in the Indian telecom landscape. In the realisation of this high-prospect deal.
Mr. Anil Ambani, Chairman of Anil Dhirubhai Ambani Group. played a pivotal role.
Born on June 4, 1959. Mr. Ambani did his Bachelors in Science from the University of Bombay. Thereafter, he did his Masters in Business Administration from the Wharton School at the University of Pennsylvania. USA. He joined Reliance the company founded by his late father. the legendary Dhirubhai Ambani, in 1983 as Co-Chief Executive Officer. He is credited with having pioneered many financial innovations in the Indian capital markets. For example. Mr. Ambani led India's first forays into overseas capital markets with international public offerings of global depository receipts, convertibles and bonds. He directed Reliance in its efforts to raise, since 1991 around $2 billion from overseas financial markets. A I DO-year Yankee Bond issue was the high point during that period. After this, people began regarding him as a financial wizard. Prior to parting ways with his brother Mr. Mukesh Ambani, they together steered the group to its towering status as India's leading textiles, petroleum, petrochemicals, power. and telecom company.
Mr. Ambani is the Chairman of Board of Governors of DA-IICl Gandhinagar and a member of the Board of Governors of the IIT-Kanpur. He is also a member of the Board of Governors of IIM-Ahmedabad. That apart, he is also a member of the Central Advisory Committee, Central Electricity Regulatory Commission. In 2004, Mr. Ambani was elected as an Independent Member of the Rajya Sabha: however, in 2006. he resigned from the same. In 2007, his name figured in the list of Indian trillionaires (in terms of Indian rupee).
Mr. Ambani has also dabbled in the entertainment industry. One of his major achievements in this sphere is the takeover of Adlabs. the company that owns India's only dome theatre. Also, he recently announced a joint venture worth $825 million with Mr. Steven Spielberg, an internationally acclaimed filmmaker.
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