Meet man, close friend of Mukesh Ambani, chairman of Jai Corp, his relation with Anil Ambani is…
GH News January 06, 2025 05:06 PM
Anand Jain the chairman of Jai Corp Limited holds a unique position in the Indian business world and a special place within the Ambani family. Known as Dhirubhai Ambanis third son Jain has played a pivotal role in the growth of Reliance Industries Limited (RIL) and is considered one of Mukesh Ambanis closest allies.
Anand Jain’s Professional Achievements
Before delving into his connection with the Ambanis it’s essential to highlight Anand Jains stature in the business domain. As the chairman of Jai Corp Limited Jain has steered the company into diverse sectors including real estate steel manufacturing plastic processing and infrastructure projects. The company has invested in 33 ventures including Special Economic Zones (SEZs) and real estate developments.
In 2007 Forbes India ranked Anand Jain 11th on its list of India’s 40 Richest. Renowned for his expertise in financial services and real estate Jain’s business acumen is widely acknowledged in the Indian corporate world.
Bond With Mukesh Ambani
Anand Jain’s association with the Ambani family dates back to his school days at Hill Grange High School in Mumbai where he and Mukesh Ambani became close friends. Their friendship strengthened over the years and became the foundation of a professional relationship that has lasted decades.
When Mukesh Ambani returned to India after completing his studies in the United States he invited Anand Jain to join him in building Reliance Industries. Jain left his existing job to support Mukesh and quickly became a key figure in the company.
Jains contributions to Reliance Industries were significant especially during the mid-1980s when he countered a bear cartel led by Manu Manek earning recognition as a strategic mastermind. Over the next 25 years he held critical roles within the Reliance Group including Vice Chairman of Reliance Capital and played a vital role in the company’s day-to-day operations. His unwavering loyalty and contributions earned him the affectionate title of Dhirubhai Ambani’s third son.
Rift With Anil Ambani
Despite his close relationship with Mukesh Anand Jains history with Anil Ambani Dhirubhai’s younger son was less harmonious. In January 2005 Anil Ambani resigned from his position as Vice Chairman and Director of IPCL (Indian Petrochemicals Corporation Limited) according to media reports it was mainly due to repeated disagreements with Anand Jain.
While details of their conflict remain unclear media reports suggest that Anand Jain’s steadfast support for Mukesh Ambani during the Ambani brothers feud played a significant role in the strained relationship with Anil.
Anand Jain’s Personal Life
Anand Jain is married to Sushma Jain and the couple has two children Neha and Harsh. His daughter Neha is married to Anurag Bagaria while his son Harsh Jain is the co-founder of Dream11 India’s leading fantasy sports platform.
His loyalty vision and business expertise not only earned him professional accolades but also a special place in the Ambani family as Dhirubhai Ambanis third son.