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BUSINESS LEADER OF THE YEAR
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Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited:
Son of the legendary Dhirubhai Ambani, Mukesh Ambani graduated in Chemical Engineering from the University of Bombay and went to the United States to pursue a Masters in Business Administration from Stanford University, but dropped out after his first year to help his father, Dhirubhai Ambani with some of his projects. He joined Reliance in 1981 and was instrumental in Reliance's backward integration from textiles into polyester fibres and petrochemicals. It was under his leadership that the world's largest grassroots petroleum refinery was set up by Reliance at Jamnagar in Gujarat.
Mukesh oversaw Reliance's petrochemicals' manufacturing capacities increase from less than a million tonnes to over thirteen million tonnes per year. The Jamnagar refinery presently has a capacity of 660,000 barrels per day.
The Chairman and Managing Director of Reliance Industries Limited, India's largest private sector company, Mukesh Ambani was chosen as the ET Business leader in 2006, was ranked 42nd among the World's Most Respected Business Leaders in a survey conducted by Pricewaterhouse Coopers and published in Financial Times, London in 2004 and has also received the Asia Society Leadership Award given by the Asia Society, Washington D.C., USA. Under his stewardship, Reliance Industries has branched out into offshore, deep water oil and gas exploration and production programmes, a petroleum retail network across India and many other areas.
He was ranked 13th in Asia's Power 25 list of 'The Most Powerful People in Business' published by Fortune magazine in 2004.
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