Anand Jain’s expertise in real estate, finance, and capital markets has positioned him as a vital asset within Reliance Industries.
New Delhi: Mukesh Ambani, the Chairman and Managing Director of Reliance, is widely lauded for the colossal growth and expansion of Reliance Industries. His company has been achieving new heights with every passing year. Mukesh Ambani may be the face of the company, but Reliance’s success is the result of a dedicated team of allies who worked tirelessly to transform it into one of the most profitable businesses in the world. While Manoj Modi is often recognized as Ambani’s right-hand man, there exists another significant figure in the billionaire businessman’s inner circle—his longtime friend, Anand Jain, who is also known as the ‘third son’ of Dhirubhai Ambani because of his bond with Mukesh.
Anand Jain, the chairman of Jai Corp Limited, shares a close bond with Mukesh Ambani. Their relationship dates back to their childhood, highlighting a long-standing connection between the two businessmen. Both Ambani and Jain shared tenure at Hill Grange High School in Mumbai. After Ambani returned from Stanford University in 1981, Jain, who had already worked closely with Reliance founder Dhirubhai Ambani, made a transformative decision to join Reliance Industries, stepping away from his business ventures in Delhi.
According to Forbes, Anand Jain was the 11th richest Indian in 2007 with a whopping net worth of USD 4 billion (approximately Rs 33,154 crore). During the same year, the market value of Jai Corp touched USD 45 billion (approximately Rs 3.7 lakh crore). However, in subsequent years, his fortunes underwent fluctuations, with his net worth declining to USD 525 million (approximately Rs 4,351 crore) by 2012.
All You Need To Know About Anand Jain
- Anand Jain is the Chairman of Jai Corp Limited and shares a deep bond with Mukesh Ambani
- In 2007, Anand Jain was ranked as the 11th richest Indian by Forbes, with a staggering net worth of USD4 billion (approximately Rs 33,154 crore)
- In subsequent years, his fortunes underwent fluctuations, with his net worth declining to USD 525 million (approximately Rs 4,351 crore) by 2012.
- In 1985, Jai Corp was established to boast diverse business interests, spanning steel manufacturing, plastic processing, yarn spinning, and real estate development.
- The company’s ventures include the establishment of Special Economic Zones (SEZs), infrastructure projects, venture capital investments, and participation in real estate endeavors, with investments in 33 projects across 14 Indian cities.
- Anand Jain’s expertise in real estate, finance, and capital markets has positioned him as a vital asset within Reliance Industries.
- Despite his influential role within Reliance, Anand Jain reportedly refrains from drawing a salary from the conglomerate.
- Instead, he leverages his acumen to oversee the day-to-day operations, particularly within Reliance Infocomm, the telecom subsidiary.
Outside the realms of business, Anand Jain leads a private life in Mumbai alongside his wife, Sushma Jain, a homemaker. The couple shares two children, Neha Jain and Harsh Jain. Interestingly, Harsh Jain, alongside Bhavit Sheth, is the co-founder of Dream11, India’s leading fantasy sports platform.
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