Billionaire Mukesh Ambani has a pan-India 5G mobile network rollout plan by 2023-end, chasing more ambitious goals in retail and making Reliance Industries India's greenest corporate as goals for his three children as he cited the example of Messi to explain leadership and teamwork.
Speaking to company employees at his father and founder Dhirubhai's birth anniversary, celebrated as Reliance Family Day, he said the oil-to-telecom-to-retail conglomerate Reliance Industries Ltd has embarked on a journey of comprehensive self-transformation.
Ambani, who had first spoken of a succession plan at India's most valuable company at the 2021 Reliance Family Day, has identified three verticals for his three children—telecom and digital business for elder son Akash, retail for twin sister Isha and new energy business for youngest son Anant.
And on Reliance Family Day on Wednesday, the chairman and managing director of the $104 billion conglomerate spoke of the goal three have to achieve.Toggle navigation
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Goal setting. Mukesh Ambani sets goals for children; cites Messi to explain leadership
PTI December 29, 2022 - Updated 02:37 pm IST
In 2021, Mukesh Ambani has identified three verticals for his three children—telecom and digital business for elder son Akash, retail for twin sister Isha and new energy business for youngest son Anant
File photo: Mukesh Ambani (right), Chairman, Reliance Industries Limited with his wife Nita and three children Akash, Anant and Anant | Photo Credit: AFP
Billionaire Mukesh Ambani has a pan-India 5G mobile network rollout plan by 2023-end, chasing more ambitious goals in retail and making Reliance Industries India's greenest corporate as goals for his three children as he cited the example of Messi to explain leadership and teamwork.
Speaking to company employees at his father and founder Dhirubhai's birth anniversary, celebrated as Reliance Family Day, he said the oil-to-telecom-to-retail conglomerate Reliance Industries Ltd has embarked on a journey of comprehensive self-transformation.
Ambani, who had first spoken of a succession plan at India's most valuable company at the 2021 Reliance Family Day, has identified three verticals for his three children—telecom and digital business for elder son Akash, retail for twin sister Isha and new energy business for youngest son Anant.
And on Reliance Family Day on Wednesday, the chairman and managing director of the $104 billion conglomerate spoke of the goal three have to achieve.
His speech was released to the media on Thursday.
RIL under Mukesh Ambani, 20 years of strong growth
"Years will roll. Decades will pass. Reliance will continue to grow bigger and bigger, like the proverbial Banyan tree... its branches will spread wider, its roots will go deeper, and it will touch the lives of an ever-increasing number of Indians, enriching them, empowering them, nourishing them, and caring for them," he said.
He said Reliance will complete its 50 years in the next five years and he wants to spell out its expectations from the leaders and employees.
Reliance Jio
"Under Akash's chairmanship, Jio is rolling out the world's best 5G network across India, at a pace which is faster than anywhere in the world. Jio's 5G deployment will be complete in 2023," he said.
"But Jio Platforms should now get ready for India's next big opportunity—to provide unique digital products and solutions to both domestic and international markets."
Since every single village will have 5G connectivity, India has a historic opportunity to completely erase the rural-urban divide by ensuring access to high-quality education, high-quality healthcare and high-productivity economic activities. "This is how Jio can accelerate India's inclusive development," he said.
Reliance Retail
Retail business under Isha has grown rapidly and emerged as one with the widest and deepest reach in India, across all product baskets. "But I know that all of you in the Retail Team are capable of chasing even more ambitious targets and goals," he said.
Like Jio, the growth of the retail business will also have a cascading effect on India's inclusive development, creating more jobs, providing farmers higher income, making SMEs and large manufacturers more productive and helping traders become more prosperous.
The group continues to build on its leadership in the oil-to-chemical business, which comprises the world's largest single-location oil refining complex and petrochemical plants, with new capacities and capabilities.
Also, the integration of media and entertainment business with digital services will reinvent the industry, he said.
New energy business
The new energy business, which spans from building Giga factories for renewable energy as well as entry into the hydrogen business, has the potential to transform the company, he said.
"With Anant joining this upcoming Next-Gen business, we are making rapid progress in getting our Giga factories in Jamnagar ready," he said.
"From being India's largest and most valuable corporate, Reliance is now well on its way to also becoming India's 'greenest' corporate."
The goals before the new energy team are crystal clear—enable India to achieve security and self-sufficiency in energy by reducing the dependence on imports.
"And remember, you can do so only by remaining agile and ahead of the technology curve," he said.
Ambani said winning in business takes both leadership and teamwork and went on to cite the example of Argentina earlier this month winning the world cup football.
Reliance Retail’s ₹2,850-cr Metro buy to expand physical footprint
"But how did Argentina win the Cup? It is because of the combination of leadership and teamwork. Messi could not have won the Cup on his own. Similarly, the Argentinian team could not have won without Messi's inspiring leadership.
"They faltered in the first game, but they did not give up. Ultimately, they won because they were breathing victory, dreaming of victory, and doing everything needed to achieve victory... until the last penalty shot," he said.
And this is how founder Dhirubhai Ambani also built Reliance, he said.
Besides his father, Ambani said he was also inspired by Swami Vivekananda's thoughts.
"Swamiji says: "Take up one idea. Make that one idea your life; dream of it; think of it; live on that idea. Let the brain, the body, muscles, nerves, every part of your body be full of that idea, and just leave every other idea alone. This is the way to success". Let's follow this mantra," he addedMukesh Ambani on Tuesday said, from a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world. The Reliance Industries chairman believes a game-changing revolution will govern India’s growth in the decades ahead. That being said, Ambani who addressed the 10th convocation at Pandit Deendayal Energy University, told the students, "a bright future beckons you." The billionaire further listed three mantras to achieve success.
He said, "each one of you is equipped with the knowledge and the skill-set needed to design breakthrough energy solutions for 1.4 billion Indians. You have all the necessary ingredients to be the leaders India needs…"
Ambani added, "And as leaders of India’s future, you should ensure our nation leads the global clean and green energy revolution." He said, "it is a goal each one of you should pursue in mission mode."Further, he shared 3 mantras that will help in achieving success in this mission.
The first mantra would be 'Think Big'. Ambani calls to be an audacious dreamer. He said, "every great thing ever built in this world was once a dream thought to be impossible," adding, "you have to own your dream with courage, nurture it with conviction and realise it with bold and disciplined action."
"It is the only way you can make the impossible possible," he said for the first mantra.The second would be 'Think Green'. According to Ambani, the clean energy movement is about adopting a green mindset. It is about being sensitive to Mother Nature. It is about inventing means to harvest its energy without harming it. Also, he said, "it's about ensuring that we leave behind a better and a healthier planet for the future generations."
Then the third would be 'Think Digital'. In the mission of making India a clean energy leader, Ambani believes digitisation will play the role of a force multiplier. He pointed out that technologies such as AI, Robotics, and IoT are powerful enablers of change. Thereby, he guided to use them "to your advantage."communal society, used public transportation, and never received an allowance. Dhirubhai later purchased a 14-floor apartment block called 'Sea Wind' in Colaba, where, until recently, Ambani and his brother lived with their families on different floors.
• It is now his old house as he has shifted with his wife and son to Antilla.
• His role in the RIL has been from a very age.
EDUCATION
• Ambani attended the Hill Grange High School at Peddar Road, Mumbai, along with his brother and Anand Jain, who later became his close associate.
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