Tuesday, July 22, 2008

Power

Power hath many faces, with the most prominent being money and clout. The billionaire Ambani brothers are easily at the crest of both. With a personal net worth of Rs.2.15 lakh crore...

...Mukesh claims the fame of being the richest man in India. Estranged brother Anil follows close behind in the region of Rs.1.83 lakh crore... Besides, their respective clouts in the corridors of power – both business and political – make up the stuff for legends. While the former is bent on revolutionising the oil sector by building the world’s biggest oil refineries, the latter is not far behind scripting a remarkable success story, with his telecom, media and financial services arms. Not only this, since their split, the Ambani duo are exploring newer avenues to expand their respective empires. If Anil is ambitiously charting success strategies for the financial domain with Reliance Money, he’s also keen to dominate the power sector with his Reliance Power. On the other hand, Mukesh is changing the dynamics of India’s organised retail party, with his ambitious Reliance Retail project. The sibling rivalry, which took off with the market capitalisation war between the two at the time of their separation in 2005, is now a full-fledged warfare, where the winner will take it all.

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Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative