A dynamic global leader and an Indian business tycoon, Mukesh Ambani is the Chairman of Reliance Industries Ltd. Known to be a powerhouse who transformed his family business into a mega global venture, his company contributes almost 5% of the country’s GDP, making him the richest person in India.
After completing his education, he decided to assist his father by joining Reliance Industries and helped him with the establishment of a textile industry. Being a revolutionary leader, Ambani diversified Reliance Industries from textiles to polyester fibres to the petrochemical sector. During this process, he also went on a stride creating close to 51 new manufacturing facilities.
With ambition burning not only for his company but also for the nation, Reliance has continued investing into energy exploration and has formed the world’s largest oil refinery in Jammnagar. An unstoppable entrepreneur, he further opened a chain of almost 700 stores selling food and other wares, promising that this will help the flow of money from the flourishing cities to the struggling agricultural rural areas of India. With a strong focus on serving the country’s huge population, he once said, “Today, I see a billion people as a billion potential consumers, an opportunity to generate value for them and to make a return for myself.”
One of his most striking ventures was the establishment of Reliance Infocomm Ltd, which focused on information and communications technology initiatives. A path-breaking move, this venture significantly transformed the country’s internet connectivity by making broadband and digital services affordable and available to all. Highlighting this, he remarked, “Broadband and digital services will no longer be a luxury item – a scarce commodity – to be rationed amongst the privileged few.”
Harbouring a never-give-up attitude along with an exemplary vision, strong clarity and letting nothing come in the way of his business’ growth, Ambani has proved what it takes to build mega global successful enterprises that can cater to a huge market. Sharing his insights, he shared, “The organisational architecture is really that a centipede walks on a hundred legs and one or two don’t count. So, if I lose one or two legs, the process will go on, the organisation will go on and the growth will go on.”
His company currently operates in five major segments, which include exploration and production, refining and marketing, petrochemicals, retail and telecommunications. It is ranked among the Fortune Global 500 companies and is considered to be India’s second most valuable company by market value. Providing a livelihood to over 12 million Indians and a legacy that continues to reshape the Indian market, he serves as an inspiration to all budding entrepreneurs worldwide.
The feature compiles the leadership lessons from industry experts analyzing their journey towards success