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Monday, October 22, 2007

Ambitious Ambanis!


IIPM MANAGEMENT INSTITUTE

Read
on to know the latest about India’s famed fable…

IfAnil Ambani it’s true that Dhirubhai Ambani infused life into India’s moribund stock market, than it won’t be an exaggeration, if one were to conclude that both Anil & Mukesh have kept that life, that vigour & vitality very much intact.

It’s the investors that have always stood by Reliance and that’s because of tremendous wealth created by both the brothers even after the de-merger of the business. The m-cap of Reliance Industries stood at Rs.1,153 billion, as on June 8, 2007 compared to Rs.683 billion a year ago, a smart 69% increase, what else could an investor ask for?

For 2006-07, Mukesh Ambaninet profits of Mukesh Ambani controlled – Reliance Industries crossed Rs.10 billion mark. The turnover was up by 24% and touched $25.51 billion mark, while exports crossed the $15.02 billion mark accounting for 12% of aggregate exports from India. The net profits of Anil Ambani controlled – Reliance Communications reached $209 million and revenues at $851 million in a short span of time.

While Mukesh continues his romance with black gold, Anil has forayed intonext-gen business like Financial services & Telecom and plans to supersede some of the established players. Two different set of business lines, but in the line with investors’ expectations!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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