Mukesh Ambani
54 years, Chairman & MD, Reliance Industries
Sector: Corporate
Career Milestones:
In 2002, RIL announced the world's biggest gas discovery in KG Basin.
In 2008, he set up the world's largest refinery in Jamnagar.
In 2011, he inked a $7-bn deal with BP even as KG Basin find ran into trouble.
Why him:
Because he has some big-bang diversification plans up his sleeve: Reliance Industries is likely to accumulate a Rs 1.25 lakh crore cash pile by March. Its foray into high-speed internet services, likely to shake up the telecom industry, will become clearer in the coming months. But there are issues that demand Ambani's attention: the oil and gas business is suffering from production challenges and investors are likely to breathe down his neck demanding solutions. And there's the brother question: will Anil be part of his plans?
Hi 2011:
Inked a $7.2-billion deal with British Petroleum for a 30% stake in 23 RIL oil and gas blocks.
Announced entry into insurance by buying out Bharti's stake in the Bharti-Axa joint venture. The deal fell through.
RIL's stock price dropped after fall in gas output from the D6 basin.
Mumbai Indians, Ambani's IPL team, won the Champions League finals.
What next:
2012 is the big year for Ambani's 4G telecom venture, a project that the company has been working on for almost a year. Initial reports indicate that the company is likely to kick-start with low-cost 4G services on tablets. Such a project would require a massive rollout and capital expenditure. Market analysts don't rule out a foray in the financial services space through an acquisition or two.
Mukesh is a Bollywood fan and has a huge collection of movies. But he does not plan to enter the movie business like brother Anil Ambani.
Who else: Gautam Adani
49 years, Chairman, Adani Group
2012 will test one of India's fastest-growing conglomerate's ability to grow at a robust pace. The past year was a mixed bag for the Adani Group. In May, it spent $2 billion for a 99-year lease of Abbot Port in Queensland, Australia. A couple of months later, Adani Enterprises was named in the Karnataka Lokayukta report on illegal mining in the state, a charge the company has denied. Since then, its port expansion plans have also hit speed-bumps as security clearances have been delayed. Since the beginning of 2011, the group's m-cap has plunged by more than 60%. Will 2012 be bounce-back time?
54 years, Chairman & MD, Reliance Industries
Sector: Corporate
Career Milestones:
In 2002, RIL announced the world's biggest gas discovery in KG Basin.
In 2008, he set up the world's largest refinery in Jamnagar.
In 2011, he inked a $7-bn deal with BP even as KG Basin find ran into trouble.
Why him:
Because he has some big-bang diversification plans up his sleeve: Reliance Industries is likely to accumulate a Rs 1.25 lakh crore cash pile by March. Its foray into high-speed internet services, likely to shake up the telecom industry, will become clearer in the coming months. But there are issues that demand Ambani's attention: the oil and gas business is suffering from production challenges and investors are likely to breathe down his neck demanding solutions. And there's the brother question: will Anil be part of his plans?
Hi 2011:
Inked a $7.2-billion deal with British Petroleum for a 30% stake in 23 RIL oil and gas blocks.
Announced entry into insurance by buying out Bharti's stake in the Bharti-Axa joint venture. The deal fell through.
RIL's stock price dropped after fall in gas output from the D6 basin.
Mumbai Indians, Ambani's IPL team, won the Champions League finals.
What next:
2012 is the big year for Ambani's 4G telecom venture, a project that the company has been working on for almost a year. Initial reports indicate that the company is likely to kick-start with low-cost 4G services on tablets. Such a project would require a massive rollout and capital expenditure. Market analysts don't rule out a foray in the financial services space through an acquisition or two.
Mukesh is a Bollywood fan and has a huge collection of movies. But he does not plan to enter the movie business like brother Anil Ambani.
Who else: Gautam Adani
49 years, Chairman, Adani Group
2012 will test one of India's fastest-growing conglomerate's ability to grow at a robust pace. The past year was a mixed bag for the Adani Group. In May, it spent $2 billion for a 99-year lease of Abbot Port in Queensland, Australia. A couple of months later, Adani Enterprises was named in the Karnataka Lokayukta report on illegal mining in the state, a charge the company has denied. Since then, its port expansion plans have also hit speed-bumps as security clearances have been delayed. Since the beginning of 2011, the group's m-cap has plunged by more than 60%. Will 2012 be bounce-back time?
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