write a paragraph in 100-200 words on mukesh ambani
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After the death of the patriarch, Dhirubhai Ambani, in 2002, his elder son Mukesh Ambani has secured the top spot in the Reliance group. The Reliance group has stolen a march over the Tata group as India’s biggest business empire with total group sales of about $25 billion.
Reliance makes up about 4% of India’s GDP, dominating the country’s resources, petrochemicals, polymer, plastic and communication industries. The Reliance group had a major success when gas and oil were struck in the Andhra coast. One of the gas finds was declared as the most significant in a decade.
Ambani has emerged as the richest Indian with assets totalling over $51 billion. Kuwaitis are now seeking collaboration with the Ambani group for search of oil and natural gas. His brother Anil Ambani had launched an I.P.O. of Reliance Power, which was sold out in 60 seconds in Jan 2008.