logo
Meet Dhirubhai Ambani's 'third son', he and Mukesh Ambani studied together, own a house near Antilia, his net worth is Rs...

Meet Dhirubhai Ambani's 'third son', he and Mukesh Ambani studied together, own a house near Antilia, his net worth is Rs...

India.com3 days ago

Meet Dhirubhai Ambani's 'third son', he and Mukesh Ambani studied together, own a house near Antilia, his net worth is Rs...
In the world of big business and billionaires, we often see the famous names taking the spotlight and getting all the recognition, but what remains behind the curtains are the key team players who are integral to building any empire. One such tale is of a person who has played a big role in the growth of Reliance, he is Mukesh Ambani's childhood friend, his most trusted advisor, and someone who is popularly referred to as Dhirubhai Ambani's third son.
The person we are talking about is Anand Jain, Mukesh Ambani's school friend. Mukesh and Anand studied together at Hill Grange School in Mumbai. Having a relationship of over 25 years, Anand has been very close to the entire Ambani family dynasty, especially Dhirubhai Ambani. Their relationship wasn't just emotional; Anand was so loyal to the Ambani family that he even left his own Delhi business to work with Mukesh Ambani in Reliance Industries when he came back to India.
From real estate, telecom, to finance, Anand has played an integral role in the growth and expansion of Reliance Industries. In fact, according to the media, it is reported that besides his great contribution to the Reliance Industry, he never took a salary for his work.
Besides his contribution to Mukesh Ambani's empire, Anand also runs his own business. With over 30 years of experience in real estate, finance, and capital markets, Anand is the chairman of Jai Cop Limited. Anand has also made significant investments in approximately 33 projects in 14 cities across India. Today, his net worth is around $525 million.
Taking the legacy forward, his son, Harsh Jain, also owns an empire. he is the co-founder and CEO of Dream11 and Groww. Dream 11 is India's top sports platform and is currently a million-dollar company, which has partnered with A-list cricketers like Rohit Sharma, MS Dhoni, and Hardik Pandya.
Groww, on the other hand, is an online financial services platform that offers investment opportunities.
Speaking of Harsh Jain's personal life, he tied the knot in 2013 with dentist Rachna Shah. Rachna also gathered a lot of eyeballs in the past after she purchased a duplex apartment next to Mukesh Ambani's Antilla. The apartment is on the 29th and 30th floors and is considered to be Mumbai's most expensive building. The luxurious apartment is worth a whopping Rs. 72 crores
Away from the limelight, Anand Jain is a paramount part of Ambani's family, both personally and professionally. His loyalty and commitment show what true relationships that surpass the level of friendship look like.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The 96 cr plan to transform Mumbai's Dharavi into highrises, open spaces, and transit hub
The 96 cr plan to transform Mumbai's Dharavi into highrises, open spaces, and transit hub

Time of India

time29 minutes ago

  • Time of India

The 96 cr plan to transform Mumbai's Dharavi into highrises, open spaces, and transit hub

The 96 cr plan to transform Mumbai's Dharavi into highrises, open spaces, and transit hub Team TOI Plus TNN May 30, 2025, 17:00 IST After existing over a century, Dharavi is set to undergo redevelopment which as per the state's plan will transform it into a residential and business hub with open spaces and transit facilities. In its latest presentation, the Maharashtra government described the redevelopment of Mumbai's biggest sprawl as a project for gentrification and envisages a 'green spine' for the 2.5 sq km precinct which will include a central park, waterfront and museum. A multi-modal transit hub and mixed-use neighbourhoods supporting traditional livelihoods of artisans and homes in highrises are also part of the blueprint to transform Dharavi . The total cost of rehabilitation of existing residents has been estimated at Rs 95,790 crore. The sale component will be spread over 120 acres.

Gautam Adani hits jackpot as LIC invests Rs 50000000000 in this company of Adani, name is..
Gautam Adani hits jackpot as LIC invests Rs 50000000000 in this company of Adani, name is..

India.com

time29 minutes ago

  • India.com

Gautam Adani hits jackpot as LIC invests Rs 50000000000 in this company of Adani, name is..

Masterstroke by Gautam Adani as Adani Group deploys India's first..., it is capable of... India's largest public sector insurer, LIC, has fully subscribed to a Rs 5,000-crore non-convertible debenture (NCD) issue of Adani Ports and Special Economic Zone, reported Economic Times. This move reflects Adani Ports' ongoing strategy to replace costly short-term loans with more affordable, long-term debt as part of its broader financial streamlining efforts. Issued on Thursday, the 15-year bond carries an annual interest rate of 7.75%. This makes it one of the longest-tenure domestic bonds raised by the Adani Group in recent months. According to a report by The Economic Times, LIC is the sole buyer of this bond. LIC already holds an 8.06% stake in Adani Ports. The funds raised from this bond will be used by the company for new investments, repaying existing debt, and other business needs. Gautam Adani's group is working to extend its loan repayment timelines and reduce borrowing costs. Due to strategic refinancing efforts, the group's average borrowing cost dropped to 7.92% in FY25, down from 9.02% in the previous year. As reported by The Economic Times, the head of fixed income at a domestic brokerage said, 'This deal shows LIC is taking large exposure to corporate bonds.' Backed by APSEZ's strong financials and a 'AAA/Stable' domestic credit rating, the issue locked in a competitive coupon rate of 7.75 per cent per cent, and was fully subscribed by LIC, the Adani Group company said in a are long-term financial instruments that companies issue to raise more money from investors. The debentures will be listed on the Adani Group company claimed that the NCD issue shows APSEZ's deep access to long-term capital from diversified sources at attractive pricing and significantly enhances APSEZ's debt maturity profile. It added that the transaction highlights APSEZ's access to domestic markets for its longest tenure issuance to date, and one of the longest in Indian capital markets proceeds will fund a proposed buyback of APSEZ's US Dollar bonds, pending board approval on May 31, 2025.

Adani Energy Solutions wins Rs 1,660 crore green power transmission project in Maharashtra
Adani Energy Solutions wins Rs 1,660 crore green power transmission project in Maharashtra

Time of India

time30 minutes ago

  • Time of India

Adani Energy Solutions wins Rs 1,660 crore green power transmission project in Maharashtra

Adani Energy Solutions Ltd (AESL) on Friday announced that it has won a major inter-state transmission project worth Rs 1,660 crore in Maharashtra . The project will help transmit 1.5 gigawatts (GW) of green energy from new hydro storage plants in Raigad to Mumbai and nearby areas. The project, to be executed through the newly transferred special purpose vehicle WRNES Talegaon Power Transmission Ltd, will involve the development of 3,000 Mega Volt-Amperes (MVA) of substation capacity along with associated transmission lines, the company informed in an exchange filing. It is expected to be commissioned by January 2028. Also Read: Adani, Emaar said to cease talks on Indian real estate unit sale Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Se lanza la píldora 7 veces más fuerte y natural vigor7 Más información Undo 'This project marks a significant step toward enabling green energy access in western India,' AESL said, highlighting its role in supporting the region's clean energy transition and meeting rising electricity demand. Awarded under the Tariff-Based Competitive Bidding (TBCB) mechanism, the project was coordinated by REC Power Development and Consultancy Ltd (RECPDCL). Live Events With this win, AESL's cumulative transmission network expands to 26,696 circuit kilometres and 93,236 MVA of transformation capacity. The company's total transmission order book now stands at ₹61,600 crore. Shares of Adani Energy Solutions Ltd closed today at ₹867.80, down ₹13.15 or 1.49%.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store