Sunday, December 16, 2007

Anil Ambani: From strength to strength


Anil Ambani: From strength to strength
Mukesh Ambani's 48-year-old estranged brother has a net worth of $45 billion, which makes him the third richest Indian in the world.
Anil Ambani is the chairman of Reliance Capital, Reliance Communications, and chairman and managing director, Reliance Energy.
After splitting with Mukesh, he now runs the Anil Dhirubhai Ambani Group, with major ventures in telecom, energy and financial services.
Under Anil's aegis, the Anil Dhirubhai Ambani group has drawn up plans to foray into multi-product retailing using its mobile phone network.
Branded Mobi-Retail, this service will be offered to the 35 million subscribers of Reliance Communications, who will be able to use their handsets to buy over 100,000 products ranging from fresh vegetables to groceries, readymade garments, toys and electronics.
The consumer can either pick up products from a delivery point or ask for home delivery. The group will leverage over 300,000 outlets in 10,000 towns in formats like Reliance World, Reliance World Express, Reliance Money, Reliance Insurance, Big Flicks, and Adlabs as the delivery points.
Dealing with the telecom tangle over spectrum, he recently accused GSM operators of 'hoarding' surplus spectrum and sought Prime Minister Manmohan Singh's intervention to ensure that service providers like Vodafone and Bharti Airtel surrendered the excess airwaves.

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