Section 34
Mukesh Ambani
Led Reliance into giant refining at Jamnagar and launched Jio, which changed mobile data in India. (Reliance Industries)
- life
- Born 1957
- era
- 1991 to 2010
- 36
- Months taken to build the Jamnagar refinery · 2000
- $200 billion
- Market value milestone · 2020
- ₹5 lakh crore
- Market value milestone · 2017
The story
Mukesh Ambani is the elder son of Dhirubhai Ambani, who started a yarn trading business in Mumbai in 1957. Reliance grew from yarn into polyester and petrochemicals, and set up its first such plant at Patalganga in 1980-82.
In 2000 Reliance commissioned the Jamnagar refinery, which it calls the world's largest grassroots refinery, built in 36 months. In 2004, with Mukesh Ambani as chairman and managing director, Reliance became the first private Indian company in the Fortune Global 500 list.
In 2016 Reliance launched commercial services of Jio, a new 4G mobile network built from scratch. In July 2017 Reliance's market value crossed Rs 5 lakh crore, and in 2020 it became the first Indian company to cross US$200 billion in market value.
Timeline
- 1982Reliance completes its first petrochemicals and polyester yarn plant at Patalganga.
- 2000Jamnagar refinery is commissioned.
- 2004Reliance enters the Fortune Global 500 list.
- 2016Jio launches commercial services.
- 2017Market value crosses Rs 5 lakh crore.
- 2020First Indian company to cross US$200 billion in market value.