Executive

Leadership-
Asia-Pacific:
Mukesh Ambani
-Biloni Doshi
-Tom Phillips

Mukesh Ambani: Background
Born: April 19
th
, 1957 (56 years old)
Raised: Mumbai, India
Education: University of Mumbai
(Chemical Engineering), drop-out of
Stanford University
Married with 3 children's and has 3
siblings
Net Worth: Est. 21.5 Billion dollars
Indias richest person for 6 years running
Forbes Magazine's 2013 37
th
Most
Powerful in the World
Inherited business from his father
Dhirubhai Ambani
Chairman & CEO Reliance Industries
Limited (textiles, telecomm,
petrochemicals)
Owns Mumbai Indians of the Premier
League (cricket)
Board of Directors for Bank of America,
served on Council on Foreign Relations
Glass door ranking: 88% approval
ranking


Achievements
Joined Reliance in 1981- father
Dhirubhai Ambanis business
Backward integration from textile-
>polyester fibers->petrochemical
Built
Worlds largest petroleum refinery
Plant of textile enterprise, oil refining &
gas production
Information and communication
technology
Started Diamond Jewelry business



Companies Owned by
Ambanis
Dhirubhai Ambani
Founder of Reliance Group
Anil Ambanis Companies
Reliance Communications
Reliance Capital
Reliance Energy
Reliance Natural Resources Ltd
Reliance Broadcast Network Ltd
Mukesh Ambanis Companies
Reliance Industries
Reliance Petroleum
IPCL
Reliance Industrial Infrastructure
Video
http://www.youtube.com/watch?v=ypA
71txfrJw
Major Leadership Traits
Introvert
Intelligent
Integrity- The organizational architecture is
really that a centipede walks on hundred legs
and one or two don't count. So if I lose one or
two legs, the process will go on, the
organization will go on, the growth will go on
Delegation: Brought in experts in their fields
and allowed flexibility and authority to sit with
them
Determination: Build petro-chemical plant
from scratch in 2 years
Visionary: Build Indias largest petrochemical
plant, venture in life-science- genomics(use
your own cell to make organs)
Humble: Doesnt believe in show business
Positive: I think that our fundamental belief is
that for us growth is a way of life and we have
to grow at all times.
Leadership
Delegation
Determination
Sociability Intelligence
Integrity
Technical / Human / Conceptual
skills
Innovative in use of
human capital and
training
Inherited a stable
company, took
advantage of de-
regulation
Advocate of investing in
human capital
Extremely gregarious
and sociable
Have a big vision,
challenge conventional
wisdom, work towards
long term objectives and
aim for the best,
demand excellence, do
not fear change or the
unknown, work hard and
never accept defeat.

Style approach: 1 9, 9-9
model


Focuses on the bottom line,
beating Taiwan and Japan in the
business
Believes in delegating
responsibility to experts and
having the best training
Focuses on relationship building

Transformational Leader
Out of feudal system
Removed middle-man and trained his
employees by DuPont
No Let-up
His father died still ensure business ran
uninterrupted.
Continuous Learning
Part of US Chemical Association to get all
latest information
Expansion
Ventured into different business
Brothers Dispute
2002:
Father died with no will
Mukesh- Chairman and Anil- vice-chairman.
Mukesh tired to oust Anil from board
2004: Ownership issues became public
2005:
Mother involved in demerger
High court approved
Since then many disputes:
Gas contract disputes
Accusation by Anil on Petrol Minister secret dealings,
power cuts
Defame suit by Anil
Finally, after a decade they are at peace and in good
terms




Reliance Industries Scams
RIL is just a contractor hired by Indian Government to extract
gas.

Strangely, RIL sold 30% stake to British Petroleum in July 2011 at
$ 7.2 billion. Government gave approval to RIL to do that. How
can they do that?

Performance of RIL so far has been much worse than
perhaps the worst performing government department.
4 times cost escalation within 2 years from $ 2.39 billion in 2004 to $ 8.8
billion in 2006.

Increase in gas price from $ 2.34 per mmBTU in 2004 to $ 4.2 per mmBTU
in 2007 to the present demand of $ 14.2 per mmBTU.

Capacity created for producing 80 mmscmd after incurring such a huge cost
ends up producing just 27 mmscmd after 12 years.

31 oil wells should have been in production till now. Out of them, just 13 are
functional.



Antilla- $1Billion House
Most expensive house on earth
Location: South Mumbai, India
Size: 48,780 sq ft
Designed by Chicago Architects,
Perkins and Will
600 full- time staff members
Residence for 5 people
Amenities: 6 floor of parking, theatre,
hanging garden, ballroom, in-house
car maintenance and multiple pools.

Mukesh also gifted his wife $60M
private jet

Reliance Industries Ltd. (RIL.BO) -
Performance
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Reliance Reviews
Discussion

Does successful leaders have to
power to twist the system?
With huge expansion and presence in
various sectors. Do you think this
growth will be sustainable?
Is it justifiable to buy such expensive
house when country has 33% level of
poverty?