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Anil Ambani‘s wife Tina Ambani with her kids.
Kokilaben, 75, the Ambani family matriarch, launched her memoirs paying tribute to her legendary husband on Tuesday at a ceremony that saw her two sons, Anil and Mukesh, share a dais after a very long time. The memoirs have been published in English and Gujarati. The English version is titled Dhirubhai Ambani: The Man I Knew, and the Gujarati edition is named Dhirubhai Ambani: Maara Jeevan Sathi.
The integrated petrochemical and refinery complex at Jamnagar was commissioned in the year 2000. A 27 million tonne refinery at Jamnagar accounts for 24 per cent of India’s refining capacity and is the world’s largest grassroots refinery and the 5th largest refinery at any single location.
Ambani runs a serious chunk of his family‘s empire (Reliance Energy, Reliance Infocomm, and Reliance Capital) — part of India’s largest petrochemical outfit and the country’s second-largest company (behind Indian Oil). But Ambani also goes the distance, running 62.1 miles (100 km) a week. Five days a week, the Indian tycoon runs on an indoor treadmill, and on the sixth day he runs outdoors on a course he plotted from Colaba to Marine Drive and up to Worli — sometimes with his personal car following behind him.
Split of Reliance group between Mukesh and Anil unlocked value of Reliance companies.
When he visited India, former US President Bill Clinton spent 45 minutes with the ‘Polyester Prince’. That was the measure of the power of the man.
Dhirubhai and his sons, Mukesh (left) and Anil (right), strike a happy pose with the charismatic Bill Clinton.
Dhirubhai was conferred the Economic Times Award for Corporate Excellence for Lifetime Achievement in August 2001.
Seen in the picture are Bollywood superstar Amitabh Bachchan (extreme left), Finance Minister Yashwant Sinha (third from left), Dhirubhai himself, and Dr Verghese Kurien, Chairman of the Gujarat Cooperative Milk Marketing Federation.
On June 16, 1998, Dhirubhai Ambani became first Indian ever to be awarded the Wharton School Dean’s Medal.
Seen in the picture are former defence minister of India Mulayam Singh yadav (from the left), former Indian prime minister H D Deve Gowda, Dhirubhai’s wife Kokilaben, Dhirubhai himself, and Thomas Gerrity, Dean of the Wharton School, University of Pennsylvania, United States.
THE AMBANI MAGIC: Reliance Industries was listed in 1977 in one of the largest public stock offerings of its time and its annual shareholders’ meetings were so well attended they had to be held in a football stadium.
And Dhirubhai held his shareholders spellbound, paying high dividends and bonuses at a time when equities were seen as a low-return, risky investment.
This made Dhirubhai Ambani a hero to shareholders. Original investors in the 1977 initial public offering have earned a compounded annual rate of return of 43 per cent.