Akshay Ambani’s engagement in adulterated food

By | July 6, 2018

Industries Limited is one of the India’s largest private sector conglomerate by its market value, with an annual turnover of US$ 44.6 billion and profit of US$ 3.6 billion for the fiscal year ending in March 2010, making it one of India’s Fortune Global 500 companies, being ranked at 264th position (2009).] It was founded by the Indian industrialist Mr. Dhirubhai Ambani in 1966. He has been a pioneer in introducing financial instruments like fully convertible debentures to the Indian stock markets and also one of the first entrepreneurs to draw retail investors to the stock markets. Though the company’s oil-related operations form the core of its business, it has diversified its operations in recent years.

Due to some differences between the founder’s two sons, Mukesh Ambani and Anil Ambani, the group was divided between them in the year 2006. After tow years in September 2008, Reliance Industries become the only Indian firm featured in the Forbes’s list of “world’s 100 most respected companies”. The Reliance group after the demerger as mentioned in earlier chapter divided as, Mukesh Ambani getting RIL and IPCL & his younger sibling Anil Ambani heading Reliance Capital, Reliance Energy and 64 .

Reliance Infocomm. The entity headed by Mukesh Ambani is referred to as the Reliance Industries Limited whereas Anil’s Group has been renamed Anil Dhirubhai Ambani Group (ADAG). Therefore, the present chapter deals with a brief profile of all the enterprises that come under the Reliance Industries Ltd headed by Mukesh Ambani and the enterprises that comes under the Anil Dhirubhai Ambani Group (ADAG). Mukesh Ambani born on April 19, 1957 in Aden, Yemen is an Indian business magnate, philanthropist and the chairman and managing director of Reliance Industries, the largest private sector enterprise in India and a Fortune 500 company. His personal stake in Reliance Industries is 48%. His personal wealth is valued at US$29.0 Billion by Forbes Magazine, making him the world’s fourth richest person and Asia’s wealthiest person.

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