Archive for October, 2010

Mukesh Ambani – En Route to Success

October 27, 2010

Mukesh Ambani (born on 19 April 1957) is an Indian business magnate and the chairman and managing director of Reliance Industries, the largest private sector enterprise in India, a Fortune 500 company, and one of the largest private sector conglomerates in the world. His personal stake in Reliance Industries is 48%.
It may have been more than half a decade since the man behind India’s largest private sector company, Dhirubhai Ambani, had passed away; however, the legacy built by him has been carried on through Reliance Industries and his elder son Mukesh Ambani. Mukesh Ambani has not only taken over the reins and responsibilities of Reliance Industries Limited but has also been quintessential in making the company a global entity. While Dhirubhai Ambani has been referred to as the most enterprising Indian entrepreneur, Mukesh Ambani has been ranked as one of the world’s most respected business leaders and conferred various awards for his leadership skills.
Dhirubhai Ambani began his entrepreneurship journey at the age of 16 when he moved to Yemen, while Mukesh Ambani decided to join his father’s business at the age of 24. Dhirubhai Ambani’s single minded determination and vision took Reliance from a regular textile business to the conglomerate it is today. He is also credited of having shaped India’s equity culture by introducing innovative instruments like the convertible debentures to the then financial institution dominated market.
Mukesh Ambani too has made contributions that have not only helped shaped the future of Reliance Industries, but also helped shape the future of the energy sector in India. Following his father’s footsteps of “dare to dream and learn to excel”, Mukesh Ambani was the brain behind Reliance’s key strategy of backward integration. This key strategy helped Reliance Industries foray from textiles into polyester fibres and further petrochemicals. Following Mukesh Ambani’s backward integration strategy, Reliance also ventured into the production of biopharmaceuticals with Reliance Life Sciences after identifying bio-fuels as an alternative energy source.
Mukesh Ambani can also be credited of being the brain behind the world’s largest grassroots petroleum refinery at Jamnagar as well as leading Reliance Industries in the retail sector with Reliance Retail. While Dhirubhai Ambani was the first Indian to be awarded the Dean’s medal by the Wharton School, Mukesh Ambani too has been bestowed by a Dean’s medal by the University of Pennsylvania for his visionary leadership in the application of engineering and technological advancements for the betterment of mankind.
While Dhirubhai Ambani was voted as the “Greatest Creator of Wealth in the Centuries” in 2000, Mukesh Ambani ranked fifth amongst the top performing CEOs in the world according to the Harvard Business review conducted for January-February 2010. While Dhirubhai Ambani won the Economic Times Lifetime Achievement Award for corporate excellence in 2001, Mukesh Ambani was honored by the “ET Business Leader of the Year Award” by the Economic Times in the year 2006.


Reliance Trends to Ensure Quality in Quantity this Diwali

October 19, 2010

Reliance Trends, the Apparel, Luggage and Accessories specialty format of Reliance Retail announced its Festive Season promotion and also kicked off its new campaign, ‘Sirf Dikhne Me Mehenga’. A nationwide promotion to celebrate the festive season with its customers, Reliance Trends is offering its customers some irresistible offers at all Reliance Trends stores across India. As part of the festive season promotion, customers who shop for Rs. 2,000 will get gift coupons worth Rs.1, 000 and who shop for Rs.3, 000 will get gift coupons worth Rs. 2, 000. That’s not all, an extra gift coupon worth Rs. 500 will also be awarded to the customer if he/she shops using an ICICI Bank Credit Card or Debit Card.
These celebrations are on at all Reliance Trends stores across Delhi, Gurgaon, Ghaziabad, Bangalore, Hyderabad, Mumbai, Jalandhar, Ahmedabad, Kochi, Nasik, Indore, Vishakhapatnam, Chennai, Guntur, Thane, Vijayawada, Baroda, Mangalore, Jaipur, Ranchi, Nagpur, Mysore and Raipur.
Speaking on this occasion, Arun Sirdeshmukh, Chief Executive, Reliance Trends said, “Reliance Trends is a ‘Fashion at great value’ store that offers the latest fashion and high quality products at a very affordable price. For this festive season, we have launched a new campaign, ‘Sirf Dikhne Me Mehenga’ which gives a clear cut message to our customers. To add more zinc this festive season, we also have some irresistible offers which are unmatched to other players in the market.”
About Reliance Trends:
Reliance Trends is the fashion apparels and accessories specialty concept of Reliance Retail which houses some of the best brands from various parts of the world including many from Reliance’s own collection. The uniqueness of the store is the core which delivers “Fashion at great value”. It offers a homogeneous mix of private brands and brands across men’s, women’s and children’s categories. The collection offers high fashion, latest trends, cuts and styles, top quality material backed by technology and innovation BUT at prices unmatched in the market. Reliance Trends was rated the most preferred departmental store as per the recent survey conducted by which Right Choice magazine. The survey, in which 1,917 people in 10 cities participated, revealed that relative newcomer Reliance Trends was the most preferred department store, with a customer score of 74%. It got four stars for service, in-store experience, price and product quality, and five stars for product range.

RIL doubles expectations with D4

October 8, 2010

Reliance Industries, India’s biggest gas company may be seated on yet another gold mine – it’s block D4. RIL companion Niko Resources, that possess 15 percent in the block situated on the east coast of India, has increased primary estimations of gas reserves in D4. RIL’s is the owner of the block with eighty-five percent.

Canada-based Niko Resources’ chairman and CEO Edward S Sampson informed “We think it is the twice the size of D6 and has prospectively up to an exceeding possibility of 100 TCF gas. It would change India and with 15percent it would substantially modify Niko”

The speaker of Reliance Industries said “The appraisal process is presently being undertaken and we cannot offer any comment.” But company sources say that the drilling in the block is expected to begin only by the last quarter of this financial year or early next financial year.

RIL’s estimated 40 TCF of gas in place at Krishna Godavari D6 has recoverable reserves of 11.5 TCF, the largest deep-water find in India so far. Institutional investors say, for RIL, reserve replacement post D6 exhaustion is critical, which D4 can provide. Any development on that regard can provide upside to SOTP valuation of RIL.

RIL chairman Mukesh Ambani repeatedly reiterated the potential of its oil and gas blocks on the east coast. In the company’s 36th annual general meeting in June he told his shareholders “Reliance has intensified its exploration campaign across the deepwater basin in the East Coast, with the objective of doubling the proven reserves base in the next three years.”

With this Reliance Industries will reach to an unbeatable height. The company’s growth is awe-inspiring.