Mukesh Ambani has a bachelor’s degree in chemical
engineering from what is now known as the Institute of Chemical Technology in
Mumbai, India. He went on to pursue an MBA degree at Stanford University. Things did not go as planned.
His father had a big project and pulled Mukesh from
schooling. Mukesh obliged and dropped out of the MBA program to help his
father. His father Dhirubhai Ambani was not a typical man. He founded Reliance
Group, the largest conglomerate in India.
The project Mukesh to part in upon joining Reliance in 1981
involved the backward
integration of the company’s textile enterprise into polyester fibers. This
went further back into petrochemicals, and then led to oil refining, then oil
and gas exploration and production. Modern manufacturing facilities which
greatly increased the company’s petrochemical output were created in the
process.
He is also responsible for establishing a vast petroleum
refinery in Jamnagar, India. What he steered to create is now the largest petroleum refinery
in the world. The company that he now
leads (with 44 percent ownership), Reliance Industries Limited, owns the largest
natural gas field in the country which will supply energy-hungry India with low
carbon emitting natural gas. He is
ambitiously pushing for more information and communication technology breakthroughs
in India with Reliance Infocomm Limited.
His initiatives have made Reliance India’s most valuable
company and the country’s first private company to make it to Fortune
Magazine’s 500 list. His achievements have been noted both in India and
internationally.
Mukesh is a member of the Indian Prime Minister’s Council on
Trade and Industry, and Indo-US CEOs Forum among other notable positions.
Internationally Mukesh is a member of the UN Advocacy Group backing the
realization of the Millennium Development Goals and is on the Foundation Board
of the World Economic Forum. He is also
a board
of director in Bank of America, one of the largest financial companies in
the world.
Mukesh never did get his MBA degree, but it really doesn’t
matter given all that he has achieved. He probably employs quite a number of
MBA degree holders!
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