Most Powerful Industrialists: Mukesh Ambani, Gautam Adani… Which celebrities of the industry are included in the powerful list! – mukesh ambani and gautam adani along with many industrialists included in powerful persons list
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Mukesh Ambani
Mukesh Ambani, the biggest tycoon of India and Asia, is at number 10 in this list. He is continuously expanding his company. He has acquired companies or formed joint ventures to expand his business in textiles, renewable energy, drone technology and toy manufacturing. They have joined hands with Meta to launch JioMart on WhatsApp. Recently he bought 50% stake in 100 year old beverage company Sosyo Hajoori Beverages. Reliance Jio has started 5G services in many cities of the country. The company wants to start 5G service across the country by 2023. Ambani has announced the separation of his financial services company Jio Financial Services (JFS). It will be listed on the stock exchanges. Also, he is building Dhirubhai Ambani Green Energy Giga Complex on 5,000 acres in Jamnagar. It will be the world’s largest integrated renewable energy manufacturing facility.
N Chandrasekaran
N Chandrasekaran, chairman of Tata Sons, the holding company of Tata Group, is at number 22 in this list. He has been elected unopposed for a second term. His first term saw the revival of several group companies, including Jaguar Land Rover and Tata Steel. Meanwhile, Air India has returned to the Tata group and Singapore International Airlines has agreed to merge its joint venture Vistara with Air India. After the merger of AirAsia India, Air India Express and Vistara with Air India, it will become the second largest airline company in the country. The biggest challenge before Chandrasekaran is to make a long term plan for smooth merger of airlines and airline venture. The pace of economy is slowing down in many developed countries of the world. In such a situation, it will be the responsibility of Chandrasekaran to ensure that his companies continue to grow.
Uday Kotak
Uday Kotak, MD and CEO of Kotak Mahindra Bank, has got the 31st number in this list. Kotak Mahindra Finance was founded in 1985 by the country’s richest banker Uday Kotak. In the year 2003, it got the status of commercial bank from NBFC. According to Forbes, his net worth is $13.3 billion. Kotak Mahindra Bank is the fourth largest private bank in the country today. The Kotak Group also has a presence in Investment Banking, Asset Management, Life Insurance, General Insurance and Stock Broking. Uday Kotak has solved many problems in the industry. He is now engaged in strengthening the bank in the micro-finance segment. Recently the bank has bought entire stake in Sonata Finance Pvt Ltd for Rs 537 crore.
Sunil Mittal
Bharti Enterprises Chairman Sunil Bharti Mittal is at number 45 in this list. In 2016, Reliance Jio created a stir in the telecom sector. Due to this, telecom companies had to wind up or merge, but Bharti Airtel was able to weather the storm. Jio bought more 5G spectrum than Airtel but Airtel won in starting 5G service. The day Prime Minister Narendra Modi officially launched 5G technology, Airtel launched it the very next day. Airtel adopted a non-standalone model to implement 5G while Jio embraced the standalone model. Mittal’s biggest challenge is to start 5G services in more and more cities. In this list, Nita Ambani is at 48th, Azim Premji at 69th, Kumar Mangalam Birla at 76th, Pratap Reddy at 85th, Nandan Nilekani at 91st and Yusuf Ali at 98th.
Gautam Adani
Gautam Adani, chairman and founder of Adani Group, is at number 33 in this list. His business interests span across Defence, Aerospace, Energy, Ports, Logistics, Gas, Airports, Mining and Resources. His net worth in January was more than $120 billion. But after a report on January 24, there has been a huge decline in his net worth. Adani has recently expanded its business in many areas. He acquired Ambuja Cements and ACC Ltd for $6.5 billion. Adani Group became the country’s second largest cement manufacturer in one stroke. Last year, Adani also bought television channel NDTV. The company’s shares had been in decline for more than a month after the Hindenburg Research report came out. The group also had to withdraw an FPO worth Rs 20,000 crore. For this reason, the group’s emphasis is now on reducing debt instead of expanding.
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