1957: Mukesh Ambani was born on April 19 in Aden, Yemen. His father, Dhirubhai Ambani, was working as a clerk with A. Besse & Co, a firm trading in spices and textiles.
1960s: The Ambani family moved back to India and settled in Mumbai. Mukesh Ambani attended Hill Grange High School and later enrolled in the Institute of Chemical Technology (formerly known as the University Department of Chemical Technology), Mumbai.
1981: After completing his education, Mukesh Ambani joined Reliance Industries, the company founded by his father Dhirubhai Ambani.
1985: Mukesh Ambani initiated Reliance’s backward integration journey from textiles into polyester fibers and further into petrochemicals. He set up the world’s largest grassroots refinery at Jamnagar, Gujarat, which has a capacity of processing 1.24 million barrels of crude oil per day.
1991: After the death of Dhirubhai Ambani, Mukesh Ambani and his younger brother Anil Ambani took over the management of Reliance Industries. Mukesh Ambani focused on expanding the petrochemicals and refining business while Anil Ambani focused on the financial services and power sectors.
1994: Reliance became the first Indian company to raise money in the global markets, issuing a $150 million convertible bond.
1997: Reliance became the first private sector company to be listed on the Bombay Stock Exchange and the National Stock Exchange of India.
2000: Mukesh Ambani started implementing a restructuring plan for Reliance Industries, which involved spinning off different businesses into separate entities. The plan led to the creation of Reliance Infocomm (later renamed Reliance Communications), Reliance Capital, and Reliance Energy (later renamed Reliance Infrastructure).
2002: Reliance Industries became the first Indian company to cross $1 billion in net profit.
2004: Mukesh Ambani announced a new plan to further restructure Reliance Industries, which involved merging all of the group’s businesses into a single entity called Reliance Industries Limited (RIL).
2005: Mukesh Ambani initiated Reliance’s entry into the telecommunications sector by acquiring a pan-India license to operate 4G services. The company launched its telecom venture, Reliance Jio Infocomm Limited, in 2016.
2007: Mukesh Ambani launched the retail arm of Reliance, Reliance Retail, which has since become one of India’s largest retail chains.
2010: Reliance Industries became the first Indian company to cross $100 billion in market capitalization.
2012: Mukesh Ambani announced plans to invest $100 billion in the next five years to expand the company’s businesses.
2014: Reliance Jio acquired pan-India spectrum in the 4G band, which enabled the company to launch its telecom services.
2016: Reliance Jio disrupted the Indian telecom industry by offering free voice calls and cheap data plans, which led to a massive subscriber base for the company.
2019: Mukesh Ambani announced plans to transform Reliance Industries into a carbon-neutral company by 2035. The company also announced a plan to become debt-free by 2021.
2020: Mukesh Ambani became the fifth richest person in the world, with a net worth of over $80 billion. Reliance Industries also became the first Indian company to cross $200 billion in market capitalization.
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