Mukesh Ambani
Rafiq Maqbool/AP/REX/Shutterstock
India
2019

Reliance Industries

Mukesh
Ambani

Chairman / Managing Director

India saw its digital space explode with the launch of Ambani’s low-cost Jio in 2016, now with 331 million mobile subscribers and selling data for as little as 5 cents per GB. This — and galloping growth in smartphones — has facilitated the mega-reach of global OTT players Netflix, Amazon Prime and local stalwarts Alt Balaji and Eros Now (Ambani has stakes in both), Disney’s Hotstar, Sony Liv and MX Player. Jio’s investment in the sector is some $40 billion. Next comes the disruption of broadband, with Jio GigaFiber offering 1 GB-per-second speeds and 600 TV channels from $9 monthly. Ambani has a majority stake in Viacom 18, which controls the Indian versions of MTV, VH1, Nickelodeon and Comedy Central and operates OTT platform Voot.

Career

  • Jio
  • Reliance Industries
  • Viacom 18

Education

  • Institute of Chemical Technology (India)
  • Stanford University (CA, USA)

Variety Honors

  • 2017 Variety500 Honoree
  • 2018 Variety500 Honoree
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News from Variety

Mukesh Ambani's Reliance Industries Takes Stake in Eros International

Mukesh Ambani's Reliance Industries Takes Stake in Eros International

Giant gasoline-to-entertainment conglomerate Reliance Industries Limited has struck a powerhouse pair of corporate deals with Eros International, India’s leading film distribution and production finance group.Reliance Industries is buying a 5% stake in New York Stock Exchange-listed Eros and will pay $15 per share. That implies a cost of $36.2 million. In early trading Tuesday, Eros shares rose 13% to $14.45, making for a market capitalization of $897 million.Separately, Reliance Industries is to set up a jointly controlled production and acquisition...

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