Mukesh Ambani

• Chairman, Reliance Industries
• Age: 56
• Source of Wealth: petrochemicals, oil & gas, inherited and growing
• Residence: Mumbai, India
• Country of Citizenship: India
• Education: Drop Out, Stanford University; Bachelor of Science in Engineering, University of Bombay
• Marital Status: Married
• Children: 3

Profile

Ambani runs Reliance Industries, a $50 billion market value Indian petrochemicals conglomerate. He is also the country's richest man.

Open to joining hand with Airtel for 4G services in Punjab: Mukesh Ambani

 
Two of the country's biggest business moguls could come together to set up a digital infrastructure in the country. Reliance Industries Ltd chairman Mukesh Ambani has said that he is open to joining hands with telecom giant Bharti Airtel for improving telecom network for 4G services in Punjab.

"Punjabis are the brand ambassadors of India. We are present in Punjab in manufacturing, retail. We are also rolling out our first digital infrastructure for 4G in the state with an investment of about Rs 2,500 crore," Ambani said at the Progressive Punjab Summit in Mohali on Monday.

"For further enhancing the digital experience, we can have a collaborative partnership with our friend Mr Mittal," Ambani further said. Reliance Jio Infocomm is the only company which has pan-India airwaves that can be used for 4G services. In April, Reliance Jio and Airtel joined hands to share capacity of a submarine cable.

"We are working towards making Punjab a digital technology hub in the near future. We also have large retail presence in the state, and also as part of our CSR (corporate social responsibility) initiative, our Bharti Foundation is working in 80 villages educating close to 13,000 children," Sunil Bharti Mittal, chairman, Bharti Group, said.

Ambani added that his company would look forward to forge a partnership with Airtel. "We look forward to Sunil and me for a partnership to serve people and build infrastructure." Meanwhile, Airtel signed an initial agreement with the Punjab government committing an investment of Rs 4,000 crore towards building digital infrastructure for 4G services.

We need to look beyond gloom & doom: Mukesh Ambani

Mumbai: Sounding confident that the economy will overcome the current crisis, Reliance industry chairman Mukesh Ambani on Tuesday said there is a need to look beyond the gloom and doom.

"India should look beyond the gloom and doom," Ambani said at the Giants International 41st anniversary celebrations and awards function here tonight.

He was addressing as the chief guest at the function.

Stating that India needs a positive and inclusive mindset, Ambani expressed confidence that despite all the negativity India will become a major power.

"I have realised that by focusing on obstacles, you don't reach your goals. Instead focus on your goals to overcome obstacles," he said.

After going through a financial turmoil for almost a year, greenshoots have appeared in the economy of late, giving a hope of recovery.

After contracting for two straight months, industrial production entered the positive zone in July, recording a growth of 2.6 per cent on account of improved performance of manufacturing and power sectors.

The IIP data revealed that out of the 22 industry groups in the manufacturing sector, as many as 11 posted positive growth rates in July.

Besides, snapping a nine-month streak of decline, domestic passenger car sales also grew by 15.37 per cent to 1,33,486 units in August this year, compared to 1,15,705 units in the same month last year.