Share |

reliance industries

FB Roundup: Mukesh Ambani, Vincent Bolloré, Jack Ma

January 10, 2023

In this week’s FB Roundup, Mukesh Ambani focusses his attention on green energy; Vincent Bolloré sells his African ports and logistics business to MSC; and Jack Ma surrenders control of China's Ant Group.

Mukesh Ambani focusses attention on green energy
After handing over operational reins to his three children, Mukesh Ambani, the billionaire chairman of Mumbai-based multinational Reliance Industries, has announced he is focusing his attention on the Indian conglomerate’s pivot to green energy.

FB Roundup: Mukesh Ambani, Sir Jim Ratcliffe, Pierre Castel

October 17, 2022

In this week’s FB Roundup, Mukesh Ambani sets up a new family office in Singapore;Sir Jim Ratcliffe is blocked from buying Manchester United by the current club owners; and Pierre Castel is hit with a multi-million dollar tax bill.

Mukesh Ambani to set up family office in Singapore
Asia’s second wealthiest man, Mukesh Ambani, is looking to further expand his reach by opening a new family office in Singapore.

The Reliance Industries chairman, whose current net worth is $83.7 billion (according to the Bloomberg Billionaires Index), is reported to have chosen real estate and brought on board a manager tasked with employing new staff to get the office up and running.

FB Roundup: Adani Group, Maersk, Ford Motor Company

September 27, 2021

Adani doubles green investment pledge of rival Reliance, Maersk makes waves with series of e-commerce deals; the 40-year vindication of Bill Ford, the auto environmentalist.

Adani doubles green investment pledge of rival Reliance

Gautam Adani, India’s second wealthiest tycoon and leader of his infrastructure and energy empire Adani Group, has announced a $20 billion investment in renewable energy only weeks after rival Mukesh Ambani, India’s richest person, committed to producing the green energy hydrogen.

Top 75 Family Business Leaders 2019: Asia Pacific

October 7, 2019

CampdenFB celebrates this month the 75 leading lights in the family business and family office space over its 75 issues. Last week we profiled some of the inspirational figures in the Americas—this week we take a look at the major players in the dynamic region of Asia-Pacific.

Close to the edge: Overcoming barriers in planning family office succession

May 27, 2019

Family offices are standing on the precipice of a multi-trillion dollar transfer of wealth between generations, yet succession planning among family offices is moving at a glacial pace. What are the barriers to planning? And what should families be doing now?

The cautionary tale of India’s Ambani family should be enough to scare any patriarch or matriarch into succession action. The sudden death of Reliance founder Dhirubhai Ambani, aged 69, in 2002 sparked an acrimonious battle between his two billionaire sons, Mukesh and Anil, leading to the brothers splitting up the family business in a deal mediated by their mother. Today relations are civil, but the businesses they inherited have had very different outcomes.

FB Roundup: Ambani, Lego and Corporate Governance Principles

December 19, 2018

Indian authorities reject Ambani sibling spectrum deal, Lego launches new sets for stressed adults, FRC launches corporate governance code for private companies.

Indian authorities reject Ambani sibling spectrum deal

The future of telecommunications operator Reliance Communications (RCom), owned by billionaire tycoon Anil Ambani (pictured), has been thrown into confusion after Indian authorities refused to approve a spectrum sale deal to Reliance Jio (Jio), the company owned by Anil’s brother Mukesh Ambani.

India’s Department of Telecommunications (DoT) told RCom it could not sell its spectrum to rival Jio as the proposed deal did not conform to its guidelines.

Family business Roundup: Henkel, Reliance Industries, Edelman

January 22, 2016

Henkel names new CEO; Reliance issues share to battle Bharti; Family businesses top Edelman trust poll

Henkel names Hans Van Bylen as new CEO
Hans Van Bylen is to take over at German consumer goods maker Henkel after its incumbent chief executive Kasper Rorsted left to become the new CEO of Adidas.

Van Bylen, Henkel’s former head of the beauty care business, joined the family-controlled firm in 1984 and has been a member of the management board since 2005.

Family Business Roundup: Illy Caffé, Cemex and Bharti Airtel

August 7, 2015

Illy Caffé sells €70 million bond to increase market share; Cemex completes $15 billion refinancing of bank debt; and Bharti Airtel beats Reliance Industries to 4G launch

Illy Caffé sells €70 million bond to increase market share

Italian coffee company Illy Caffé has sold a €70 million ($76 million) bond in order to increase market share in the premium hospitality sector.

The move will help Illy keep up with its larger Italian rival Lavazza, and comes amid a period of consolidation in the coffee industry, which is estimated to be worth $80 billion.

Family portrait: the Ambani family

February 23, 2015

One of India’s greatest entrepreneurial success stories, the Ambanis, are also one of its most infamous dynasties, owing to a long-running public feud which broke out between the late patriarch’s sons.

Third-generation twins join India’s Reliance Industries

October 13, 2014

India’s largest privately held company is introducing the third generation into the fold, with twins Isha and Akash Ambani joining the board of two of Reliance Industries’ subsidiaries.

India’s largest privately held company is introducing the third generation into the fold, with twins Isha and Akash Ambani joining the board of two of Reliance Industries’ subsidiaries.

Their father Mukesh Ambani is chief executive of the family-controlled business, which had revenues of $75 billion (€59 billion) in the last financial year.

The 23-year-old twins will each become directors of Reliance Jio Infocomm and Reliance Retail Ventures.