Third son of Dhirubhai Ambani who is also known as brother of Mukesh Amabni is not known to people but has played a major role in Reliance Industries growth.
Anand Jain has been a central figure in the Reliance Group, as he is associated with the company for over more than 25 years. He is often referred to as the “third son” of Dhirubhai Ambani and brother of Mukesh Ambani, the billionaire owner of Reliance Industries. Anand Jain’s contribution to Reliance, alongside his diverse ventures, has made him a prominent figure in the company.
Mukesh Ambani’s Best Friend-cum Brother
Anand Jain’s connection to the Ambani family goes beyond business. His friendship with Mukesh Ambani is there from his school days at Hill Grange High School in Mumbai. He also shared a close relationship with Dhirubhai Ambani, the late founder of Reliance, when people started referring to him as “third son.” When Mukesh Ambani returned from Stanford University in 1981, Jain left his business in Delhi to join Reliance and helped India’s richest businessman during his initial days.
No Salary To Anand Jain?
Currently the Chairman of Jai Corp Limited, has 30 years of experience across various industries, including real estate, finance, and capital markets. He has also been a key player in managing real estate investments across 33 projects in 14 cities in India, with major focus on developing Special Economic Zones (SEZs).
Jain first gained recognition within Reliance Industries (RIL) in the mid-1980s, where he played a crucial role in breaking up a bear cartel led by Manu Manek, who was a major figure at the Bombay Stock Exchange. Over the years, he started managing day-to-day operations of Reliance’s ventures, especially in telecom (Reliance Infocomm) and real estate. Despite his extensive involvement, RIL insiders reveal that Jain has never drawn a salary from the company, emphasizing his loyalty to the Ambani family, according to a report by DNA.
Anand Jain’s Net Worth
Apart from his work at Reliance, Jain has made a significant mark in other areas. He served as vice-chairman of Reliance Capital and was on the board of Indian Petro Chemicals Ltd. He currently chairs Urban Infrastructure Venture Capital Limited, which oversees the Urban Infrastructure Venture Capital Fund.
His son, Harsh Jain, is the co-founder and CEO of Dream11, one of India’s leading fantasy sports platforms. Jain himself was ranked 11th on Forbes India’s 40 Richest list in 2007, and his net worth is estimated at $525 million.