Here's everything you need to know about one of India's biggest business magnate, Anand Jain, who is the chairman of Jai Corp Limited.
Dhirubhai Ambani tied the marital knot with Kokilaben Ambani in 1955. The couple welcomed four children, Mukesh Ambani, Anil Ambani, Nina Kothari, and Dipti Salgaocar. Each one of them achieved success in their respective professional lives. However, it's fair to say that Mukesh Ambani has taken his father's legacy to a different stature. The billionaire businessman is India's richest person, with a mammoth net worth of USD 119.5 billion.
The chairman and managing director of Reliance Industries Limited (RIL) has made the mark of his domination in various sectors, including petrochemicals, entertainment, retail, mass media, textiles, telecommunications, energy, and many more. Under his guidance, Reliance Industries became India's first conglomerate to have a market capitalisation of Rs. 20 lakh crore.
Although Mukesh Ambani is the main figure behind the instrumental success of Reliance Industries, but over the years, there have been many people, who helped him achieve his professional goals. Today, we will talk about one such crucial and trustworthy aide of the Ambani family, who played a vital role in the conglomerate's success. Not only this, he also got the title of 'Dhirubhai Ambani's third son'. For the uninitiated, we are talking about Anand Jain, who is the chairman of Jai Corp Limited.
Before discussing business magnate, Anand Jain's connection with the Ambani family, it's important to talk about his stature in the Indian business space. He is Jai Corp Limited's chairman and was ranked eleventh on Forbes India's 40 Richest List in 2007. Anand Jain is also renowned for his expertise in financial services and real estate.
Talking about Anand Jain's company, Jai Corp Limited deals in various sectors like yarn spinning, real estate development, businesses spanning steel, manufacturing, plastic processing, and more. According to a report in the Financial Express, Jai Corp Limited includes establishing investment in 33 projects, multiple infrastructure projects, real state endeavours, and SEZs (Special Economic Zones).
Talking about why Anand Jain got the title of 'Dhirubhai Ambani's third son.' goes to his incredible contribution to Reliance Industries Limited. For the uninitiated, Anand Jain was first noted in Reliance Industries in the mid-1980s when he disrupted the bear cartel, which Manu Manek led. In the following years, he emerged as a key figure in Reliance Group's day-to-day operations. Anand Jain has been a part of Reliance Industries for over 25 years.
During this time, Anand Jain held many crucial positions, including vice chairman of Reliance Capital, senior executive with the Reliance Group, and many more. Courtesy of his long association with Reliance Industries, Anand Jain got the title of 'Dhirubhai Ambani's third son.' However, the foundation of this long association was laid by Mukesh Ambani and Anand Jain during their growing years when they were studying together at Mumbai's Hill Grange High School.
The classmates soon became best friends and continued supporting each other in their entrepreneurial journeys. When Mukesh Ambani came to India from the US to take command of his family business, he reportedly called Anand Jain to join him at Reliance Industries. The best friend didn't think twice and left his job to help Mukesh take Reliance Industries to the next level.
Apart from being Mukesh Ambani's best friend and contributing heavily to Reliance Industries, Anand Jain also had a sour history with Dhirubhai Ambani's younger son, Anil Ambani. It was back in January 2005 when Anil resigned from his position of vice-chairman and director at IPCL. Several media reports speculated that Anil Ambani took this difficult decision after having numerous fallouts with Anand Jain.
Not much is known about the controversy, but it's fair to say that Anand Jain supported Mukesh Ambani more than his own brother, Anil Ambani, which is why he is renowned as 'Dhirubhai Ambani's third son'. Talking about Anand Jain's personal life, he is married to Sushma Jain, and they're parents of two children, Neha and Harsh. Meanwhile, Anand Jain's daughter, Neha, is married to Anurag Bagaria, and his son, Harsh Jain, is the co-founder of the fantasy sports platform, Dream 11.
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