Tuesday, 18 February 2020

Mukesh Ambani

    Mukesh Ambani

  • Mukesh Ambani chairs and runs $88 billion (revenue) oil and gas giant Reliance Industries, among India's most valuable companies.
  • Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer.
  • After his father's death in 2002, Ambani and his younger sibling Anil divvied up the family empire.
  • In 2016, Reliance sparked a price war in India's hyper-competitive telecom market with the launch of 4G phone service Jio.
  • Jio has signed on more than 340 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones.

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