Meet Dhirubhai Ambani's ‘third son', owns a house near Antilia, left his company to join Reliance, he is..., Mukesh Ambani is...
In the glitzy realm of billionaires and boardrooms, the spotlight often shines on the faces at the top. However, behind any influential business empire are often unsung heroes whose contribution helps lay the foundation of that empire. One of those heroes is a childhood friend and trusted adviser to Mukesh Ambani, who has been a silently powerful ally to Reliance's success. So integral has his role been that many even call him the 'third son' of Dhirubhai Ambani.
In this article, we are talking about Anand Jain, Mukesh Ambani's longtime friend from school. Anand and Mukesh went to school together at Hill Grange High School, Mumbai, where they shared a bond for almost 25 years. Anand was closely attached to the entire Ambani family, especially Dhirubhai Ambani, and this relationship wasn't just cordial—Anand's loyalty to the family was so strong that he gave up his own business in Delhi to return to Mumbai and join Mukesh Ambani in building Reliance Industries.
Anand Jain has been instrumental in the growth of Reliance Industries in several verticals, such as real estate, telecom, and finance. Interestingly, media reports suggest that despite his significant contributions to the company's growth, he never accepted a salary for his efforts.
Before exploring Anand Jain's connection with the Ambani family, it is important first to note his important position in the Indian business environment. Jain is the chairman for Jai Corp Limited, and was identified as the 11th richest person on the Forbes India 2007 list of 40 richest people. Jain is well known for his extensive knowledge in interests related to real estate and financial services.
Beyond his position in Mukesh Ambani's business empire, Anand Jain is also an accomplished entrepreneur. He has over 30 years of experience in real estate, capital markets, and finance and is the chairman of Jai Corp Limited. He has invested in approximately 33 different projects across 14 cities in India. Currently, his net worth is estimated at around $525 million.
Carrying the legacy forward, his son, Harsh Jain, also owns an empire. He is a co-founder and Chief Executive Officer of Dream11 and Groww. Dream 11 is India's premier sports platform and is now a million-dollar company, having tied up with A-List cricketers such as Rohit Sharma, MS Dhoni, and Hardik Pandya.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
24 minutes ago
- Time of India
Summer Holidays Hit By Turbulence
New Delhi: It's the season when suitcases come out and travel plans take off. But this summer, for many outbound flyers, wanderlust is tempered with worry. From tense airspace maps to the recent air tragedy, there's a lot of rethink going on at what is otherwise peak carefree vacation time. The skies between India and the west have become a minefield with airlines avoiding ever-expanding no-fly zones. Air India resumed overflying Iran after Pakistan airspace was closed to Indian carriers on April 24 to make the longer detours bearable. But with Iran closing its airspace following the Israeli attacks on its nuclear sites, the longer routes between India and the west will get even longer. The deadly Air India crash in Ahmedabad has also created a fear of flying. "There's concern among flyers. Many are opting for airlines other than AI," claimed Anil Kalsi, vice-president, Travel Agents Federation of India. "The current uncertainty about routes and the memory of the horrific air crash have caused nervousness among travellers. Many people are deferring non-essential travel until the situation stabilises on either or both of these fronts." The Directorate General of Civil Aviation has asked Air India to inspect its Dreamliner fleet, employed in routes to Europe and the Far East. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo These craft are being checked as they fly into India and are cleared for the next flight only after passing the checks. "AI has completed checks on nine of the B787s. Some of these inspections could lead to higher turnaround time and potential delays on certain long-haul routes, especially those to airports with operating curfews. Customers will be duly notified about any delays. They are advised to check the status of their flights before heading to the airport," AI posted on X on Saturday. The closure of Iranian airspace led to 16 AI flights being affected on Friday. Some were diverted to cities en route such as Vienna, Jeddah and Sharjah, while others returned to their port of origin. IndiGo's once non-stop flights between Delhi and Tbilisi and Baku are now one-stop routes. "Safety is any traveller's first concern. The crash pushed Air India's image back by at least three years. Both family and solo travellers are equally rattled," said M. Iqbal Mulla, president, Global Tourism Council, and former head of Travel Agents' Association of India. "Then, the impact of the Iran airspace closure has proved severe." The bottlenecks in the sky could get worse. The airspace of Jordan and Lebanon closes whenever there's conflict in the region and has shut several times since the Hamas attack in Israel in Oct 2023. Expectedly, travel agents are inundated with panicked calls, airports are grappling with unscheduled landings, and passengers are coming to terms with the uncertainty. Sunil Kumar R, president, Travel Agents' Association of India, said, "The confidence of international travellers has been affected. Many of them are now undecided and awaiting stabilisation of the situation. This indecision is having a negative impact on outbound travel. While some of this may benefit domestic tourism temporarily, continued uncertainty will discourage overseas travel altogether. We're receiving several calls from customers confused about whether to book or postpone travel." J yoti Mayal, chairperson, Tourism and Hospitality Skill Council and former TAAI president, reiterated, "The Israel-Iran conflict and airspace closure have disrupted over 1,800 flights and prompted diversions, especially on routes from India and southeast Asia to Europe and the US. Amid this, Air India has faced a wave of cancellations and change requests, particularly from those booked on similar flights." The India-Pakistan airspace standoff whenever there is tension also forces carriers to take detours and passengers to think twice. There is discussion every day among potential travellers whether it is the right time to be travelling. Sonalika said, "I remember cancelling my flight tickets from Canada to India because of the tension between the two countries earlier. I can only imagine how it feels right now." Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Hindustan Times
an hour ago
- Hindustan Times
Mostly intact black box seen as key break in Air India plane crash investigation
The black box recovered from the Air India flight 171 crash site in Ahmedabad shows minimal damage and the data it contains is likely to be extracted in India itself, officials said on Saturday, raising hopes for some early clues about what caused the Boeing 787 jet to crash just 33 seconds after take-off. Also Read: Air India plane crash: Aircraft's right side engine was overhauled in March The relatively intact condition of the flight data recorder represents a crucial break for investigators, who typically face lengthy delays in air crash probes when damaged black boxes must be sent to original equipment manufacturers for extracting the data . In this case, that would have been Boeing's HQ in the US. To be sure, the data may still have to be shared with Boeing and the manufacturer of the plane's engines, GE, for analysis. A police officer said crash site analysis by National Security Guard teams using advanced scanners and sniffer dogs found no evidence of explosives at the BJ Medical College complex , where the plane crashed and exploded, killing 241 of the 242 on board besides several students of the college and residents of a nearby colony. Also Read: Committee to probe Air India crash; report due in 3 months: Aviation ministry 'The black box will give a clear idea of the situation before the crash. It was found on Friday and it appears to not be much damaged. Hence it is more likely to be analysed by Indian investigating agency (Aircraft Accident Investigation Bureau- AAIB) at its headquarters in Delhi,' said an official close to the investigation, who asked not to be named. In April, the civil aviation ministry inaugurated a new laboratory built in Delhi to correlate data from cockpit voice recorders, radar, and flight data recorders to enhance accuracy in air investigations. Also Read: Air India plane crash: Tea-seller's son among victims, ground toll rises A second official aware of the matter added that a final decision was pending. 'The relevant authorities are weighing options. While the AAIB, in all likelihood will access the black box, the authorities are also discussing the need for inputs from Boeing or [engine-maker] GE on the crash data.' Teams from the AAIB continued focusing on recovering the aircraft's tail section, which contains the second black box, officials said. The Boeing 787 has two black boxes, one at each end of the aircraft, for redundancy. Each black box, which is in fact coloured bright orange, in a 787 contains what is known as the enhanced airborne data recorder (EADR) that includes the flight data recorder and the cockpit voice recorder. The recovered black box contains not just voice recordings from the cockpit but data on every activity inside the aircraft, including which buttons pilots pressed, levers they activated and what settings instruments were put to, officials said. A team from the U.S. National Transportation Safety Board is assisting the investigation, while Boeing officials from the US were expected to have arrived on Saturday. The NSG inspection on Saturday morning using advanced scanners and K9 units from Delhi and Ahmedabad cleared security concerns about the crash. 'The NSG teams did not find any trace of explosives or IEDs across any debris of the Air India plane,' said a police officer who requested anonymity. During the security sweep, however, NSG teams made a grim discovery—the body of a woman, possibly a crew member, trapped beneath the aircraft's tail section that had been lodged in the wall of the hostel mess of the medical college. ' Their scanners can detect objects hidden beneath opaque surfaces. It was during this search that the body was found,' the police officer said. After receiving clearance from NSG and police, two large cranes were deployed on Saturday afternoon to remove the aircraft's tail section from the hostel mess wall—a delicate operation that took nearly four hours. The tail, while removed from the building, remains at the crash site along with other aircraft components scattered across the cordoned hostel complex. Officials said all debris must be preserved as evidence until the investigation is complete. 'Instructions have been issued to agencies on the ground in Ahmedabad to preserve all parts of the aircraft wherever it is placed because it is the most crucial evidence,' said a senior civil aviation ministry official. The wreckage will eventually be moved to a hangar at the airport or an airbase close to the city, one of the officials cited above said, adding that it is here that investigators will attempt to reconstruct the aircraft to understand the sequence of failures that led to the crash. 'At the hangar or the air base, wherever it is taken, the remaining part of the damaged aircraft will be put together to probe what led to the crash,' an official said, explaining that a decision on where to take debris is pending Boeing officials are expected to visit the site and examine the wreckage before any major relocation occurs, the officials added. The crash site remained under heavy security on Saturday with Gujarat police and Air India officials guarding aircraft components scattered across the medical college campus. The affected parts of the campus, spread roughly over a 200 metre radius, remains sealed to all except investigators. 'The plane missed hitting our colony by just about 100-200 metres,' said Sujata, a homemaker whose house is adjacent to the complex. 'Police said entry will be banned for a few more days, so this means the plane's parts will be kept there till that time,' said Sujata, whose rooftop has become the go-to spot for TV anchors and photographers attempting to get a visual of the site.
Time of India
an hour ago
- Time of India
Iran DESTROYS Israel's Harop & Harpy Drones MID-AIR Amid Blitz
'Cricketers Aren't Cattle... ': Harish Thawani on the IPL and Business of Indian Cricket "Cricketers are not cattle to be sold in an auction." 🎙️ In this explosive episode of the Bombay Sport Exchange, K Shriniwas Rao sits down with Harish Thawani — the man behind Nimbus Communications — to explore how cricket broadcasting in India was built, negotiated, and fought over. From billion-dollar deals to bold opinions, this is the untold business story of Indian cricket. 14.4K views | 2 days ago
