Anil Ambani’s remarkable comeback! Two brains behind making Reliance Power a debt-free company
GH News November 08, 2024 06:06 PM
Anil Ambani’s fortunes are witnessing a dramatic revival as Reliance Power wealth surged in recent times. This significant milestone reflects growing investor confidence in his companies. After years of financial struggles Reliance Power has now become debt-free while Reliance Infrastructure has successfully slashed its debt by 87% marking a pivotal turnaround in Ambani’s business landscape. This momentum has driven Reliance Power’s market capitalization beyond Rs 167.04 billion.
Masterminds Behind Reliance Power Revival
A critical factor in this transformation is the involvement of Anil Ambani’s two sons Jai Anmol Ambani and Jai Anshul Ambani. Their strategic entry into the family business has revitalized investor trust. Notably Jai Anmol’s leadership has been instrumental in reviving Reliance Capital Limited (RCL) leading to substantial growth in the companys shares.
Jai Anmol Ambani joined the family business early taking on leadership roles at the age of 18. He played a crucial role in enhancing Reliance Capitals performance particularly in forming partnerships like the one with Japan’s Nippon firm to increase its stake in Reliance Nippon Life Asset Management.
Under his stewardship ventures like Reliance Life Insurance and Reliance Capital Asset Management have thrived further solidifying the companys market position.
Jai Anmol Ambani: A Rising Star
Jai Anmol Ambani known for his sharp business acumen has been pivotal in the group’s revival. After joining Reliance Mutual Fund in 2014 he became the Executive Director of Reliance Capital in 2017. He was instrumental in facilitating Japan’s Nippon firm’s increased stake in Reliance Nippon Life Asset Management significantly boosting the company’s value. His efforts have not only stabilized but also expanded the business contributing to his personal net worth of ₹2000 crore.
Anil Ambani Expansion Plan
Anil Ambani is also taking the group towards renewable energy projects. Recently Reliance Group announced the launch of 1270 megawatts of solar and hydroelectric projects in Bhutan. These projects are in partnership with Druk Holding underscoring Ambani’s commitment to expanding the company’s footprint in the renewable energy sector. The creation of a new entity Reliance Enterprises is set to drive these investments forward particularly in the Himalayan region.