Highest Tax Payer Company List: Top 20 Company in India

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There have been a series of criticisms against individual taxpayers for flouting tax norms in India. However, the following list of India’s top ten corporate tax payers indicates that corporate tax payers have always been consistent in paying taxes. Some of the corporate companies shell out even 50% from the profits earned by them. So here are some highest tax payer company list.

ONGC – Although there are consistent reports of incurring losses, Oil and Natural Gas Corporation remains the top corporate tax payer in India. The tax it pays is worth 11, 49.13 billion INR which is just over 50% of the profit the company earns.

Coal India – It pays a whopping amount of 55.95 billion INR. In 2011, the government of India had conferred this corporate house with Maharatna status.

Reliance Industries – Often described as the largest public trading company with regard to India’s market capitalization. It paid 47.83 billion INR as taxes, which is 25% less than the profits it earned.

State Bank of India – SBI which is the largest bank of India pays 45.99 billion INR as taxes.

The National Thermal Power Corporation – The abbreviation of which is NTPC makes the India government richer by paying 35.87 billion INR.

The Steel Authority of India – The acronym of which is SAIL pays approximately 35 million INR in the form of taxes.

Life Insurance Corporation of India – India’s most trusted and reliable insurance carriers shells out 26.77 billion INR by way of taxes.

Tata Steel – It has paid 3,636.46 crores INR as taxes.

Infosys – The global leaders of outsourcing, technology and consulting with a turnover of 7,231 billion US dollars pays the Indian government 3,367 crore INR as tax.

BHEL – The full-form of which is Bharat Heavy Electricals which is a leading manufacturer of integrated power plant and one among the largest engineering concern when it comes to annual turnover pays 3,279.97 crore INR as taxes.

If the taxes paid by these government run companies bring more revenue to the government wonder what makes a majority of Indians think that India’s private sector is better compared to government run sectors. Additionally, when more that 70 percent of the tax is paid by government owned companies; don’t you think India’s private sector need to buck up?

Moreover, unlike the private sector which is more concerned about making profits and expanding and shun the rural areas and the poor, government owned companies indulge in social service and foot their bill

Top 50 Highest Tax Payer Company in India

 

Sr Company Tax
1 Reliance 9,413.00
2 TCS 8,731.00
3 HDFC Bank
4 HUL 2,354.00
5 Infosys 4,934.00
6 HDFC 2,581.27
7 Bharti Airtel -14,932.70
8 Kotak Mahindra
9 ICICI Bank
10 ITC 4,030.76
11 HCL Tech 2,208.00
12 Maruti Suzuki 1,414.20
13 Bajaj Finance 1,927.01
14 Asian Paints 759.08
15 Wipro 2,327.00
16 SBI
17 Nestle 705.44
18 Avenue Supermar 433.00
19 Axis Bank
20 Larsen 961.15
21 Sun Pharma 41.86
22 HDFC Life 16.48
23 UltraTechCement -235.78
24 Adani Green Ene -59.29
25 Titan Company 587.34
26 Bajaj Finserv 15.02
27 Hind Zinc 1,585.00
28 ONGC 6,924.15
29 Power Grid Corp 3,519.57
30 NTPC 9,181.95
31 BPCL -12.15
32 Britannia 423.96
33 Dabur India 238.12
34 SBI Life Insura -8.63
35 Divis Labs 440.58
36 Bajaj Auto 1,480.22
37 SBI Cards 484.81
38 IOC -5,007.34
39 Tech Mahindra 797.70
40 Pidilite Ind 335.33
41 Coal India 18.38
42 M&M 1,785.48
43 Dr Reddys Labs -161.90
44 Godrej Consumer 219.74
45 Shree Cements 390.03
46 Adani Ports 97.48
47 JSW Steel -999.00
48 ICICI Prudentia 0.00
49 Hero Motocorp 940.43
50 Cipla 646.14

 

Mukesh Ambani Net Worth

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Best Share Market Investors in India: Top 10 List in India

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Top 10 Successful Stock Market Investors – List of Best Share Market Investors in India

Lets read about Top 10 Most Successful Stock Market Investors in India. It will be extremely exiting to know about them but it will an immense pleasure to know about their strategies which made them Best investors in India.

In this article, we will get to know about Top Share Market Investors in India & also know a brief about their Investment journey & how they made their best bets.

Best Share Market Investors in India

 

Best Share Market Investors in India

Every one of the individuals who enter money markets in India has the same dreams. They all need to wind up very well off like a few of the known most successful investors on the planet.

Notwithstanding, I believe that on the off chance that you need to discover some new information; it’s best to gain from one who has officially made it.

In the event that you need to end up fruitful in the share trading system, you ought to gain from the lives of these stock market investors.

How was their adventure, what standards they pursue, to what extent they have been contributing? And so on.

 

List of Top 10 Indian Stock Market Investors

Here is the list of best of the best share market investors –

 

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Rakesh Jhunjhunwala: Career, Investment, Net Worth 2020

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Rakesh Jhunjhunwala (born 5 July 1960) is an Indian billionaire, investor, trader, and chartered accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises.

He is the 48th richest person in India, with net worth of $2.3 billion (as of 26 July 2020).

Rakesh Jhunjhunwala Investment Portfolio

 

Key Description:

Born: 5 July 1960 (age 60), Hyderabad, Andhra Pradesh (now in Telangana), India

Nationality: Indian

Education: Chartered Accountant

Alma Mater:

  • Sydenham College of Commerce and Economics, Mumbai
  • The Institute of Chartered Accountants of India

Occupation: Owner of Rare Enterprises, investor , trader & film producer

Net Worth: US$2.3 billion (July 2020)

Spouse(s): Rekha Jhunjhunwala

Children: 3

 

Early Life of Rakesh Jhunjhunwala

Jhunjhunwala grew up in Mumbai, where his father worked as an income tax officer. He graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India.

 

Rakesh Jhunjhunwala Career

Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of

  • Prime Focus Limited
  • Geojit Financial Services
  • Bilcare Limited
  • Praj Industries Limited
  • Provogue India Limited
  • Concord Biotech Limited
  • Innovasynth Technologies (I) Limited
  • Mid Day Multimedia Limited
  • Nagarjuna Construction Company Limited
  • Viceroy Hotels Limited
  • Tops Security Limited

He is popularly referred to as the "Warren Buffett of India" and the "King of Bull Market".

Jhunjhunwala's stocks fell by up to 30% in December 2011. He recovered his losses in February 2012. These ups and downs forced him to reduce his vulnerability by trimming his portfolio to one-third. His attempts to divest his Aptech stake had no takers.

Jhunjhunwala invested ₹26 Crores (US$3.4 Million) in A2Z Maintenance increasing his stake in the company by 3.57%, upping his stake in the company to 23.2%.

The first big profit of Rakesh Jhunjhunwala was Rs 0.5 million in 1986. In between 1986–89, he earned almost Rs 20-25 lakh profit.

As of 2020, his biggest investment is in Titan Company which is worth ₹4758 Crores (approx US$600 Million).

 

In popular culture

Like the Fake Steve blog, there is a popular parody blog called The Secret Journal of Rakesh Jhunjhunwala that humorously parodies the Investor's life. On 7 June 2012, the authors were revealed by The Economic Times to be two people. For the first year, Forbes columnist Mark Fidelman and for the remaining years, Author and Writer Aditya Magal.

 

Controversy of Rakesh Jhunjhunwala

There is an ongoing investigation against Rakesh Jhunjhunwala for insider trading as of 28 January 2020.

 

Net Worth of Mukesh Dhirubhai Ambani

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Nita Ambani: Career, Education, Personal Life, Awards

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Nita Mukesh Ambani (born 1 November 1963) is an Indian philanthropist. She is the chairperson and founder of the Reliance Foundation, Dhirubhai Ambani International School and a non-executive director of Reliance Industries. She is married to Reliance Industries chairman and managing director Mukesh Ambani. With a family fortune estimated in excess of $50 billion, the Ambanis are among the richest in India. She is also an art collector and owner of the Indian Premier League cricket team Mumbai Indians.

She was listed in 2016 in 'the fifty high and mighty Indians' list by India Today. and in 'the most influential women business leaders in Asia' list by Forbes. She was the first Indian woman to become a member of the International Olympic Committee (IOC).

Nita Ambani Biography

 

Key Description:

Born: Nita Dalal, 1 November 1963 (age 56), Mumbai, Maharashtra, India

Nationality: Indian

Occupation: Chairperson, Reliance Foundation & Dhirubhai Ambani International School

Owner: Mumbai Indians, Founder, FSDL
Philanthropist

Spouse(s): Mukesh Ambani (m. 1985)

Children: 3

Relatives:

  • Dhirubhai Ambani (father-in-law)
  • Anil Ambani (brother-in-law)
  • Tina Ambani (sister-in-law)

 

Nita Ambani Early life

Nita Ambani (née Dalal) was born on 1 November 1963 in a middle-class Gujarati family in Mumbai to Ravindrabhai Dalal and Purnima Dalal. She completed her bachelor's degree in Commerce from Narsee Monjee College of Commerce and Economics, and took up Bharatnatyam from an early age and grew to become a professional Bharatnatyam dancer.

 

Nita Ambani Career

Ambani is the founder and chairperson of Reliance Foundation, the CSR arm of Reliance Industries. She is also the owner of Mumbai Indians. In 2014 she was elected to the board of Reliance Industries.

Jamnagar Township Project

In 1997, Ambani was involved in the project of building a company township for the employees of Reliance’s refinery at Jamnagar. The project involved establishing a tree-lined and environmentally-friendly colony to house more than 17,000 residents. Today, the Jamnagar complex has one of the largest orchards with nearly 100,000 mango trees that is also home to a variety of birds.

Reliance Foundation

Reliance Foundation is an Indian philanthropic initiative founded in 2010 by Nita Ambani. Reliance Industries is a patron of the organization.

Mumbai Indians

Ambani is the co-owner of Indian Premier League (IPL) team, Mumbai Indians which won the title in 2013, 2015, 2017 and 2019. She led the ‘Education and sports for All’ (ESA) initiative as part of Mumbai Indians' way of giving back to society. ESA has reached over 100,000 underprivileged children and created awareness for education using various media and digital platforms.

Dhirubhai Ambani International School

Ambani is the founder of the Dhirubhai Ambani International School which has been ranked among the best schools in India.

IOC membership

On 4 June 2016, Ambani was among eight candidates nominated for membership in the International Olympic Committee (IOC) by the Swiss-based panel. The election of these new members was held during the 129th IOC Session in the first week of August 2016. Ambani was elected as a member of the IOC on 4 August 2016, its first Indian woman member.

Nita Ambani Personal Life

Nita is the daughter of Ravindrabhai Dalal and Purnima Dalal. She has a sister, Mamta Dalal, who works as a school teacher. Ambani grew up in a middle-class environment in suburban Mumbai. She is a trained Bharatnatyam dancer. She met Mukesh Ambani when she was a school teacher and married him in 1985. After marriage, she worked as a teacher for a few years.

They have two sons and a daughter. Akash and Isha Ambani are the elder children and Anant Ambani is younger. Akash Ambani, who graduated in economics from Brown University, is now chief of strategy at Reliance Jio Infocomm. Isha Ambani, a graduate in psychology from Yale University, is now a director at Reliance Jio Infocomm and Reliance Retail.

 

Awards

For her initiatives on grassroot sports, Ambani received the 'Rashtriya Khel Protsahan Award 2017' from the President of India.

She is the recipient of the award for Best Corporate Supporter of Indian Sports, given by the Times of India.

 

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Mukesh Dhirubhai Ambani: Personal Life, Education, Career

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Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian billionaire business magnate, and the chairman, managing director, and largest shareholder of Reliance Industries Ltd. (RIL), a Fortune Global 500 company and India's most valuable company by market value. He is currently the richest man in Asia with a net worth of US$81.6 billion and as of 28 July 2020 he is listed on Forbes as the 5th richest person in the world.

Mukesh Dhirubhai Ambani Personal Life

 

Key Description:

Name: Mukesh Dhirubhai Ambani,

Born: 19 April 1957 (age 63) Aden, Colony of Aden
(present-day Yemen)

Nationality: Indian

Alma Mater: Institute of Chemical Technology (BE)

Occupation: Chairman and MD, Reliance Industries

Net Worth: US$81.6 billion (28 July 2020)

Spouse(s): Nita Ambani (m. 1985)

Children: 3

Parent(s): Dhirubhai Ambani

Relatives: Anil Ambani (brother)

 

Mukesh Dhirubhai Ambani Early Life

Mukesh Dhirubhai Ambani was born on 19 April 1957 in the British Crown colony of Aden (in present-day Yemen) to Dhirubhai Ambani and Kokilaben Ambani. He has a younger brother Anil Ambani and two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaocar.

Ambani lived only briefly in Yemen because his father decided to move back to India in 1958 to start a trading business that focused on spices and textiles. The latter was originally named "Vimal" but later changed to "Only Vimal." His family lived in a modest two-bedroom apartment in Bhuleshwar, Mumbai until the 1970s. The family's financial status slightly improved when they moved to India but Ambani still lived in a 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.

 

Mukesh Dhirubhai Ambani 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. After his secondary schooling, he studied at the St. Xavier's College, Mumbai. He then received a BE degree in Chemical Engineering from the Institute of Chemical Technology.

Ambani later enrolled for an MBA at Stanford University but withdrew in 1980 to help his father build Reliance, which at the time was still a small but fast-growing enterprise. His father felt that real-life skills were harnessed through experiences and not by sitting in a classroom, so he called his son back to India from Stanford to take command of a yarn manufacturing project in his company.

Ambani has been quoted as saying that he was influenced by his teachers William F. Sharpe and Man Mohan Sharma because they are "the kind of professors who made you think out of the box."

 

Mukesh Dhirubhai Ambani Career

In 1981 he started to help his father Dhirubhai Ambani run their family business, Reliance Industries Limited. By this time, it had already expanded so that it also dealt in refining and petrochemicals. The business also included products and services in retail and telecommunications industries. Reliance Retail Ltd., another subsidiary, is also the largest retailer in India. Reliance's Jio has earned a top-five spot in the country's telecommunication services since its public launch on 5 September 2016.

As of 2016, Ambani was ranked 38 and has consistently held the title of India's richest person on Forbes magazine's list for the past ten years. He is the only Indian businessman on Forbes' list of the world's most powerful people. As of January 2018, Mukesh Ambani was ranked by Forbes as the 18th-wealthiest person in the world. He surpassed Jack Ma, executive chairman of Alibaba Group, to become Asia's richest person with a net worth of $44.3 billion in July 2018. He is also the wealthiest person in the world outside North America and Europe. As of 2015, Ambani ranked fifth among India's philanthropists, according to China's Hurun Research Institute. He was appointed as a Director of Bank of America and became the first non-American to be on its board.

Through Reliance, he also owns the Indian Premier League franchise Mumbai Indians and is the founder of Indian Super League, a football league in India. In 2012, Forbes named him one of the richest sports owners in the world. He resides at the Antilia Building, one of the world's most expensive private residences with its value reaching $1 billion.

 

Timeline

1980s – 1990s

In 1980, the Indian government under Indira Gandhi opened PFY (polyester filament yarn) manufacturing to the private sector. Dhirubhai Ambani applied for a license to set up a PFY manufacturing plant. Obtaining the license was a long-drawn-out process requiring a strong connection within the bureaucracy system because the government, at the time, was restricting large-scale manufacturing, making the importation of yarn for the textiles impossible. In spite of stiff competition from Tatas, Birlas and 43 others, Dhirubhai was awarded the license, more commonly addressed as License Raj. To help him build the PFY plant, Dhirubhai pulled his eldest son out of Stanford, where he was studying for his MBA, to work with him in the company. Ambani did not return to his university program, leading Reliance's backward integration, where companies own their suppliers to generate more revenue and improve efficiency, in 1981 from textiles into polyester fibers and further into petrochemicals, which the yarns were made from. After joining the company, he reported daily to Rasikbhai Meswani, then executive director. The company was being built from scratch with the principle of everybody contributing to the business and not heavily depend on selected individuals. Dhirubhai treated him as a business partner allowing him the freedom to contribute even with little experience. This principle came into play after Rasikbhai's death in 1985 along with Dhirubhai suffering a stroke in 1986 when all the responsibility shifted to Ambani and his brother. Mukesh Ambani set up Reliance Infocomm Limited (now Reliance Communications Limited), which was focused on information and communications technology initiatives. At the age of 24, Ambani was given charge of the construction of Patalganga petrochemical plant when the company was heavily investing in oil refinery and petrochemicals.

 

2000s – Present

On 6 July 2002, Mukesh's father died after suffering a second stroke, which elevated tensions between the brothers as Dhirubhai had not left a will for the distribution of the empire in 2004. Their mother intervened to stop the feud, splitting the company into two, Ambani receiving control of Reliance Industries Limited and Indian Petrochemicals Corporation Limited, which was later approved by the Bombay High Court in December 2005.

Ambani directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, India, which had the capacity to produce 660,000 barrels per day (33 million tonnes per year) in 2010, integrated with petrochemicals, power generation, port, and related infrastructure. In December 2013 Ambani announced, at the Progressive Punjab Summit in Mohali, the possibility of a "collaborative venture" with Bharti Airtel in setting up digital infrastructure for the 4G network in India. On 18 June 2014, Mukesh Ambani, while addressing the 40th AGM of Reliance Industries, said he will invest Rs 1.8 trillion (short scale) across businesses in the next three years and launch 4G broadband services in 2015. In February 2016, Ambani-led Jio launched its own 4G smartphone brand named LYF. In June 2016, it was India's third-largest-selling mobile phone brand. The release of the service Reliance Jio Infocomm Limited, commonly known as Jio, in September 2016 was a success, and Reliance's shares increased. During the 40th annual general meeting of RIL, he announced bonus shares in the ratio of 1:1 which is the country's largest bonus issue in India, and announced the Jio Phone at an effective price of ₹0. As of February 2018, Bloomberg's "Robin Hood Index" estimated that Ambani's personal wealth was enough to fund the operations of the Indian federal government for 20 days.

In February 2014, a First Information Report (FIR) alleging criminal offenses was filed against Mukesh Ambani for alleged irregularities in the pricing of natural gas from the KG basin. Arvind Kejriwal, who had a short stint as Delhi's chief minister and had ordered the FIR, has accused various political parties of being silent on the gas price issue. Kejriwal has asked both Rahul Gandhi and Narendra Modi to clear their stand on the gas pricing issue. Kejriwal has alleged that the Centre allowed the price of gas to be inflated to eight dollars a unit though Mukesh Ambani's company spends only one dollar to produce a unit, which meant a loss of Rs. 540 billion to the country annually.

 

Mukesh Dhirubhai Ambani Board Memberships

  • Member of Board of Governors Institute of Chemical Technology, Mumbai
  • Chairman, managing director, Chairman of Finance Committee and
  • Member of Employees Stock Compensation Committee, Reliance Industries Limited
  • Former chairman, Indian Petrochemicals Corporation Limited
  • Former vice-chairman, Reliance Petroleum
  • Chairman of the board, Reliance Petroleum
  • Chairman and Chairman of Audit Committee, Reliance Retail Limited.
  • Chairman, Reliance Exploration and Production DMCC
  • Former Director, Member of Credit Committee and Member of Compensation & Benefits Committee, Bank of America Corporation
  • President, Pandit Deendayal Petroleum University, Gandhinagar, Gujarat

 

Awards and honors

Year of Award or Honor Name of Award or Honor Awarding Organization
2000 Ernst & Young Entrepreneur of the Year Ernst & Young India
2010 Global Vision Award at The Awards Dinner Asia Society
2010 Business Leader of the Year NDTV India
2010 Businessman of the Year Financial Chronicle
2010 School of Engineering and Applied Science Dean's Medal University of Pennsylvania
2010 ranked 5th-best performing global CEO Harvard Business Review
2010 Global Leadership Award Business Council for International Understanding
2010 Honorary Doctorate (Doctor of Science) M. S. University of Baroda
2013 Millennium Business Leader of the Decade at Indian Affairs India Leadership Conclave Awards 2013) India Leadership Conclave & Indian Affairs Business Leadership Awards
2016 Foreign associate, U.S. National Academy of Engineering National Academy of Engineering
2016 Othmer Gold Medal Chemical Heritage Foundation

 

Mukesh Dhirubhai Ambani Personal Life

He married Nita Ambani in 1985 and they have two sons; Anant and Akash, and a daughter, Isha. They met after his father attended a dance performance which Nita took part in and thought of the idea of arranging a marriage between the two.

They live in Antilia, a private 27-storey building in Mumbai, which was valued at US$1 billion and was the most expensive private residence in the world at the time it was built. The building requires a staff of 600 for maintenance, and it includes three helipads, a 160-car garage, private movie theater, swimming pool, and fitness center.

In 2007, Ambani gifted his wife a $60 million Airbus A319 for her 44th birthday. The airbus, which has a capacity of 180 passengers, has been custom-fitted to include a living room, bedroom, satellite television, WiFi, sky bar, Jacuzzi, and an office.

Ambani was titled "The World's Richest Sports Team Owner" after his purchase of the IPL cricket team Mumbai Indians for $111.9 million in 2008.

In an interview with Rajdeep Sardesai in March 2017, he said that his favorite food continued to be idli sambar and his favourite restaurant remains Mysore Café, a restaurant in Kings circle (Mumbai) where he used to eat as a student at UDCT. Mukesh Ambani is a strict vegetarian and teetotaler. He is a very big fan of Bollywood movies, watching three a week because he says "you need some amount of escapism in life."

During the fiscal year ending 31 March 2012, he reportedly decided to forgo nearly ₹240 million from his annual pay as chief of Reliance Industries Ltd (RIL). He elected to do this even as RIL's total remuneration packages to its top management personnel increased during that fiscal year. Mukesh Ambani holds a 44.7% stake in the company. This move kept his salary capped at ₹150 million for the fourth year in a row.

In early 2019, a court in Mumbai held his younger brother, Anil Ambani, in criminal contempt for non-payment of personally guaranteed debt Reliance Communications owed to Swedish gearmaker Ericsson. Instead of jail time, the court gave Anil a month to come up with the funds. At the end of the month, Mukesh bailed out his younger brother, paying the debt.

 

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Anil Ambani: Personal Life, All Awards, Controversies

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Anil Dhirubhai Ambani (born 4 June 1959) is an Indian businessman. He is the chairman of Reliance Group (also known as Reliance ADA Group), which was created in July 2006 following a demerger from Reliance Industries Limited. He leads a number of stock listed corporations including Reliance Capital, Reliance Infrastructure, Reliance Power and Reliance Communications. Ambani, once the sixth richest person in the world, declared before a UK court in February 2020 that his net worth is zero and he is bankrupt. He was elected to the Rajya Sabha, upper house of the Parliament of India from Uttar Pradesh as an Independent.

Anil Ambani Personal Life

His major business interests in entertainment include 44 FM radio stations, nationwide DTH business, animation studios, and several multiplex cinemas throughout India. After his father's death in 2002, Anil Ambani took over the reins of Reliance Group with interests in telecom, entertainment, financial services, power and infrastructure. Ambani is also credited with India's largest IPO, that of Reliance Power, which in 2008 was subscribed in less than 60 seconds, the fastest in the history of Indian capital markets to date.

In 2005 Ambani made his debut in the entertainment industry with an acquisition of a majority stake in Adlabs Films, a company with interests in film processing, production, exhibition and digital cinema. The company was renamed Reliance MediaWorks in 2009.

In 2008 a joint venture worth US$1.2 billion with Steven Spielberg's production company DreamWorks cast Ambani's entertainment business on to a global platform. He has contributed to the production of a number of Spielberg films, including the Academy Award-winning Lincoln.

Anil Ambani Personal Life

 

Key Description:

Chairman: Reliance Group

Member of Parliament: Rajya Sabha (2004–2006), Constituency Uttar Pradesh

Born: 4 June 1959 (age 61)

Bombay: Bombay State, India

Nationality: Indian

Spouse(s): Tina Ambani (m. 1991)

Relations: Mukesh Ambani (brother)

Children: 2 sons

Parents:

  • Dhirubhai Ambani
  • Kokilaben Ambani

Alma Mater:

  • K.C. College (BSc)
  • University of Pennsylvania (MBA)

Occupation: Businessman

Net Worth: US$9 million in assets against $300 million in liabilities (February 2020)

 

Anil Ambani Early Life And Education

Ambani has said that his father would lead the brothers on “incentive-oriented outings” where they would be rewarded a box of mangoes for a 10-km hike, but also punished them for acting out in front of guests. He earned his Bachelor of Science degree from Kishinchand Chellaram College and received a Master in Business Administration at the Wharton School of the University of Pennsylvania in 1983.

 

Anil Ambani Personal life

Ambani is a Gujarati. He is married to Indian actress Tina Munim, and they have two sons, Jai Anmol Ambani and Jai Anshul Ambani. Ambani is the younger brother of Mukesh Ambani and has two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaocar.

In early 2019, a court in Mumbai held Ambani in criminal contempt for non-payment of personally guaranteed debt Reliance Communications owed to Swedish gearmaker Ericsson. Instead of jail time, the court gave him a month to come up with the funds. At the end of the month, Ambani was bailed out by his older brother, Mukesh Ambani.

 

ANil Ambani Awards And Recognition

  • Conferred the 'Businessman of the Year 1997' award by India's leading business magazine Business India, December 1998.
  • Voted 'the Businessman of the Year' in a poll conducted by The Times of India – TNS, December 2006.
  • Voted the 'Best role model' among business leaders in the biannual Mood of the Nation poll conducted by India Today magazine, August 2006.
  • Conferred 'the CEO of the Year 2004' in the Platts Global Energy Awards.
  • Conferred 'The Entrepreneur of the Decade Award' by the Bombay Management Association, October 2002.
  • Awarded the First Wharton Indian Alumni Award by the Wharton India Economic Forum (WIEF) in recognition of his contribution to the establishment of Reliance as a global leader in many of its business areas, December 2001.
  • Selected by Asiaweek magazine for its list of 'Leaders of the Millennium in Business and Finance' and was introduced as the only 'new hero' in Business and Finance from India, June 1999.

 

Controversies

In 2018, India's principal opposition party, Indian National Congress, accused Prime Minister Narendra Modi of favouring Anil Ambani's defence manufacturing company over HAL, a public sector enterprise, in a fighter aircraft deal worth INR 58,000 crores with French manufacturing firm Dassault. Ambani, several of whose companies are debt-ridden, has denied all charges of benefiting from crony capitalism. In factual terms, Reliance Defence stood to get just over 3 per cent of the Rs 30,000-crore Dassault Aviation offsets contract, contrary to the impression that it was to be the biggest beneficiary of the Rafale fighter jet deal.

In a possibly related controversy, one of his businesses partly financed a French film in which former French president Francois Hollande's then-partner had acted around the same time the aircraft deal was being negotiated.

He gained notoriety as one of the fastest destroyers of shareholder wealth in the last 100 years with the combined group market cap declining by 90% since the formation of the Reliance ADA group.

In February 2020, Anil Ambani was locked in a legal battle with 3 Chinese banks. He was asked to set aside $100mn by the court which led him to make the statement that his net worth is currently zero after taking into account his liabilities. The dispute still rages on with the UK court ordering him to pay the 3 Chinese banks to the tune of $716mn.

 

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World’s Billionaires: List of Top 10 World Richest Person

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The World's Billionaires is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine Forbes. The list was first published in March 1987. The total net worth of each individual on the list is estimated and is cited in United States dollars, based on their documented assets and accounting for debt and other factors. Royalty and dictators whose wealth comes from their positions are excluded from these lists. This ranking is an index of the wealthiest documented individuals, excluding and ranking against those with wealth that is not able to be completely ascertained.

World’s Billionaires 2020

In 2018, there was a record of 2,208 people on the list, that included 259 newcomers mostly from China and the U.S.; there were 63 people under 40 and it had a record number of 256 women. The average net worth of the list came in at US$4.1 billion, up US$350 million from 2017. Added together, the total net worth for 2018's billionaires was US$9.1 trillion, up from US$7.67 trillion in 2017. As of 2018, Microsoft founder Bill Gates had topped the list 18 of the past 24 years, while Amazon founder Jeff Bezos is ranked at the top for the first time and he became the first centibillionaire included in the ranking. In 2017, Mark Zuckerberg was the only person in the top 10 billionaires list who is under the age of 50, and the only one in the top 20 billionaires list who is under the age of 40.

In 2017, 500 of the richest people in the world became richer by US$1 trillion, according to a report by Bloomberg News. According to a 2017 Oxfam report, the top eight billionaires own as much combined wealth as "the poorest half of the human race".

 

Key Description of World Richest Person

Publisher: Whale Media Investments Forbes family

Publication: Forbes

First Published: March 1987

Latest Publication: April 7, 2020

Current list details: (2020)

Wealthiest: Jeff Bezos

Net worth (1st) Decrease: US$113 billion

Number of Billionaires Decrease: 2,095

 

List of World's Billionaires 2020

No. Name Net worth (USD) Age Nationality Source(s) of wealth
1. Jeff Bezos $113 billion 56 United States Amazon
2. Bill Gates $98 billion 64 United States Microsoft
3. Bernard Arnault and family $76 billion 71 France LVMH
4. Warren Buffett $67.5 billion 89 United States Berkshire Hathaway
5. Larry Ellison $59 billion 75 United States Oracle Corporation
6. Amancio Ortega $55.1 billion 84 Spain Inditex, Zara
7. Mark Zuckerberg $54.7 billion 35 United States Facebook
8. Jim Walton $54.6 billion 71 United States Walmart
9. Alice Walton $54.4 billion 70 United States Walmart
10. S. Robson Walton $54.1 billion 77 United States Walmart

Total list net worth value Decrease US$8 trillion
New members to the list Increase 178

 

List of World’s Billionaires in 2019

 

No. Name Net worth (USD) Age Nationality Source(s) of wealth
1. Jeff Bezos $131 billion 55 United States Amazon
2. Bill Gates $96.5 billion 63 United States Microsoft
3. Warren Buffett $82.5 billion 88 United States Berkshire Hathaway
4. Bernard Arnault $76 billion 70 France LVMH
5. Carlos Slim $64 billion 79 Mexico América Móvil, Grupo Carso
6. Amancio Ortega $62.7 billion 82 Spain Inditex, Zara
7. Larry Ellison $62.5 billion 74 United States Oracle Corporation
8. Mark Zuckerberg $62.3 billion 34 United States Facebook
9. Michael Bloomberg $55.5 billion 77 United States Bloomberg L.P.
10. Larry Page $50.8 billion 45 United States Alphabet Inc.

 

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Richest Indians By Net worth: List of Top 100 Richest Indian

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Forbes has released a new list of richest Indians by net worth. Here we have prepared that list according to Forbes for list of richest Indians by net worth based on an annual assessment of wealth and assets compiled and published by Forbes magazine in 2019. In the same year India had 106 billionaires which put the country fourth in the world, after the United States, China and Germany. Some persons of Indian ancestry who have a foreign citizenship are not included like the Hinduja family or Pallonji Mistry.

richest Indians by net worth 2020

 

Richest Indians By Net Worth 2020

 

Rank Name Net worth (USD) Sources of wealth
1 Mukesh Ambani 64.5 billion RIL
2 Lakshmi Mittal 18.6 billion Steel
3 Shiv Nadar 16.1 billion HCL
4 Gautam Adani 15.7 billion Adani Group
5 Radhakishan Damani 15.6 billion Dmart
6 Uday Kotak 15 billion Kotak Bank
7 Kumar Mangalam Birla 9.6 billion commodities
8 Cyrus Poonawalla 9.1 billion vaccines
9 Dilip Shanghvi 7.6 billion pharmaceuticals
10 Azim Premji 7.2 billion Wipro
11 Nusli Wadia 7.0 billion consumer goods
12 Sunil Mittal 6.5 billion telecom
13 Savitri Jindal 5.9 billion steel
14 Benu Gopal Bangur 5.2 billion cement
15 Acharya Balkrishna 4.9 billion consumer goods
16 Bajaj brothers 4.8 billion diversified
17 Karsan Patel 4.7 billion consumer goods
18 Kushal Pal Singh 4.7 billion real estate
19 M. A. Yusuff Ali 4.7 billion retail
20 Rahul Bajaj 4.4 billion motorcycles
21 Kuldip & Gurbachan Singh Dhingra 4.4 billion paints
22 Ajay Piramal 4.4 billion pharmaceuticals
23 Vikram Lal 4.3 billion motorcycles
24 Micky Jagtiani 4.1 billion retail
25 Kapil & Rahul Bhatia 4.0 billion airlines
26 Sudhir & Samir Mehta 4.0 billion diversified
27 Ashwin Dani 3.9 billion paints
28 Ravi Pillai 3.9 billion construction
29 Anil Agarwal 3.8 billion mining, metals
30 Hasmukh Chudgar 3.6 billion pharmaceuticals
31 Pankaj Patel 3.6 billion pharmaceuticals
32 Kiran Mazumdar-Shaw 3.5 billion biotech
33 Pawan Munjal 3.5 billion motorcycles
34 Murali Divi 3.4 billion pharmaceuticals
35 Mahendra Choksi 3.1 billion paints
36 Chandru Raheja 2.9 billion real estate
37 Vinod & Anil Rai Gupta 2.8 billion electrical equipment
38 Rakesh Jhunjhunwala 2.8 billion investments
39 Mangal Prabhat Lodha 2.8 billion real estate
40 Kalanithi Maran 2.8 billion media
41 P.V. Ramprasad Reddy 2.8 billion pharmaceuticals
42 Shashi & Ravi Ruia 2.8 billion diversified
43 B. R. Shetty 2.8 billion healthcare
44 Smita Crishna-Godrej 2.7 billion consumer goods
45 Adi Godrej 2.7 billion consumer goods
46 Jamshyd Godrej 2.7 billion consumer goods
47 Nadir Godrej 2.7 billion consumer goods
48 Rishad Naoroji 2.7 billion consumer goods
49 Aloke Lohia 2.6 billion petrochemicals
50 Vijay Shekhar Sharma 2.6 billion financial technology
52 Anand Mahindra 2.6 billion automobiles
53 Venugopal Dhoot 2.6 billion electronics
54 Byju Raveendran 2.5 billion software services, education
55 M G George Muthoot 2.5 billion financial services
56 Abhay Firodia 2.4 billion automobiles
57 Harsh Goenka 2.3 billion diversified
58 Baba Kalyani 2.3 billion steel & forging
59 G. V. Prasad 2.3 billion pharmaceuticals
60 Nandan Nilekani 2.2 billion software services

 

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Sundar Pichai: Biography, Net Worth 2020, Personal Life

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Pichai Sundararajan (born June 10, 1972), also known as Sundar Pichai is an Indian-American business executive, the chief executive officer (CEO) of Alphabet Inc. and its subsidiary Google LLC.

Sundar Pichai CEO Google Alphabet
Sundar Pichai CEO Google Alphabet

Pichai began his career as a materials engineer and joined Google as a management executive in 2004. He rose to become the company's Product Chief and the CEO in 2015, as part of the restructuring process that turned Alphabet Inc. into Google's parent company.

In December 2019, he additionally became CEO of Alphabet Inc.

 

Key Description of Sundar Pichai:

Born: Pichai Sundararajan, June 10, 1972 (age 48), Madurai, Tamil Nadu, India

Spouse: Anjali Pichai

Annual salary: 20 lakhs USD (2020)

Title: CEO of Alphabet and Google, Board member of Alphabet Inc., Magic Leap

Education:

Nationality: American, Indian

Children: Kavya Pichai, Kiran Pichai

Parents: Regunatha Pichai, Lakshmi Pichai

Social Network: Facebook, Twitter, Instagram

 

Early Life And Education:

Pichai was born in Madurai, Tamil Nadu, India. His mother Lakshmi was a stenographer and his father, Regunatha Pichai was an electrical engineer at GEC, the British conglomerate. His father also had a manufacturing plant that produced electrical components.

Pichai grew up in a two-room apartment in Ashok Nagar, Chennai.

Pichai completed schooling in Jawahar Vidyalaya, a Central Board of Secondary Education school in Ashok Nagar, Chennai and completed the Class XII from Vana Vani school in the Indian Institute of Technology Madras.

He earned his degree from Indian Institute of Technology Kharagpur in metallurgical engineering and is a distinguished alumnus from that institution.

He holds an M.S. from Stanford University in material sciences and engineering, and an MBA from the Wharton School of the University of Pennsylvania, where he was named a Siebel Scholar and a Palmer Scholar, respectively.

 

Career of Sundar Pichai

Pichai speaking at the 2015 Mobile World Congress in Barcelona, Spain
Pichai worked in engineering and product management at Applied Materials and in management consulting at McKinsey & Company.

Pichai joined Google in 2004, where he led the product management and innovation efforts for a suite of Google's client software products, including Google Chrome and Chrome OS, as well as being largely responsible for Google Drive. He went on to oversee the development of other applications such as Gmail and Google Maps.

On November 19, 2009, Pichai gave a demonstration of Chrome OS; the Chromebook was released for trial and testing in 2011, and released to the public in 2012.

On May 20, 2010, he announced the open-sourcing of the new video codec VP8 by Google and introduced the new video format, WebM.

On March 13, 2013, Pichai added Android to the list of Google products that he oversaw. Android was formerly managed by Andy Rubin.

He was a director of Jive Software from April 2011 to July 30, 2013. Pichai was selected to become the next CEO of Google on August 10, 2015 after previously being appointed Product Chief by CEO, Larry Page.

On October 24, 2015 he stepped into the new position at the completion of the formation of Alphabet Inc., the new holding company for the Google company family.

Pichai had been suggested as a contender for Microsoft's CEO in 2014, a position that was eventually given to Satya Nadella.

In August 2017, Pichai drew publicity for firing a Google employee who wrote a ten-page manifesto criticizing the company's diversity policies and arguing that "distribution of preferences and abilities of men and women differ in part due to biological causes and ... these differences may explain why we don't see equal representation of women in tech and leadership".

While noting that the manifesto raised a number of issues that are open to debate, Pichai said in a memo to Google employees that "to suggest a group of our colleagues have traits that make them less biologically suited to that work is offensive and not OK".

In December 2017, Pichai was a speaker at the World Internet Conference in China, where he stated that "a lot of work Google does is to help Chinese companies.

There are many small and medium-sized businesses in China who take advantage of Google to get their products to many other countries outside of China."

 

U.S. Congress Testimony:

On December 11, 2018, Pichai testified before the U.S. House Judiciary Committee on a wide range of Google-related issues such as the alleged, potential political bias on Google's platforms, the company's alleged plans for a "censored search app" in China, and its privacy practices.

Pichai, in response, stated that Google employees cannot influence search results. He also stated that Google users can opt out of having their data collected and that "there are no current plans for a censored search engine" in China.

Wired's Issie Lapowsky characterized Pichai's appearance before the committee as one "major missed opportunity," since, as she wrote, its members "staked out opposite sides of a partisan battle," and presented to the public "a foreboding reminder of Congress's continued technological ignorance."

 

Personal Life of Sundar Pichai

He is married to Anjali Pichai, née Wiki, a chemical engineer from Kota, Rajasthan. They met as classmates at the Indian Institute of Technology Kharagpur. The couple have two children. Pichai's interests include football and cricket.