Latest news with #JaiAnmolAmbani
India.com
28-05-2025
- Business
- India.com
Rs 20000000000 deal… who is unknown hero behind Anil Ambani's decreasing debt and increasing business, know inside story
Anil Ambani (File) Anil Ambani was going through the toughest periods of his life for many years. He was engaged in a legal battle in London over a Rs 5,000 crore debt owed to Chinese banks. During court proceedings, Ambani declared himself bankrupt, claiming he didn't have the funds to hire a lawyer and his household expenses were being borned by his wife and sons. In 2025 he has turned the table. Now Anil Ambani's debts are reducing, and his companies are securing new contracts like a Rs 2,000 crore solar project in Bhutan. Reliance Defence and Germany-based Rheinmetall have agreed on a 'strategic partnership' in the field of ammunition. In order to support this collaboration, Reliance Defence Limited will set up a greenfield manufacturing facility in the Watad Industrial Area of Ratnagiri, Maharashtra. Who Is Behind Anil Ambani's Comeback? Anil Ambani's sons, Jai Anmol Ambani and Jai Anshul Ambani are behind his revival. Both sons stepped in business during challenging times and brought many changes to tackle the group's financial health. Jai Anmol and Jai Anshul Ambani have focused on executing the Reliance Group's Vision 2030 growth strategy. They implemented fundraising plans for core business like Reliance Infrastructure and Reliance Power. They raised Rs 4,500 crore through preferential equity issuance. Also secured Rs 7,100 crore via foreign currency convertible bonds in collaboration with Värde Partners. They also generated Rs 6,000 crore through qualified institutional placements (QIPs). These initiatives boosted investor confidence and resulted in a surge in the group's stock prices. Jai Anmol Ambani Jai Anmol Ambani has taken charge of Reliance Capital and led it as an additional director since 2016. Under his leadership, the retail business has expanded and the group's shares saw a 40% rise in value. The Ambanis have already started reducing debts. On January 1, 2025, one of Anil Ambani's companies announced the repayment of a Rs 1,286 crore loan. The family has increased the group's net worth to Rs 2000 crore.
India.com
24-05-2025
- Business
- India.com
Bombs, guns and a Rs 2000 crore mega deal in...: Meet unknown heroes who saved Anil Ambani's bankrupt business empire; read the inside story
Anil Ambani (File) The year 2020 was a difficult period for everyone across the globe as the Covid-19 pandemic had essentially shut down the world, crippling economies, and bringing world governments to its knees. But apart from the pandemic, the year presented a different threat to Anil Ambani– the younger brother of Asia's richest man Mukesh Ambani– as the Indian industrialist stood at the verge of bankruptcy due to failing businesses and mounting debts. When Anil Ambani declared bankruptcy Chinese banks sued Anil Ambani for failing to repay a Rs 5000 crore loan in London court. Ambani appeared in the court in an online trial and declared he was bankrupt, stating that he did not even have enough money to hire a lawyer, and his wife and son are bearing his daily expenses. Fast-forward five years and today Anil Ambani is making a triumphant comeback in the business world, with many of his companies now debt-free and earning significant profits. But Ambani did not achieve this revival alone, but with the help of two men who essentially brought his Reliance Group business empire back from the dead. Let us find out who these unsung heroes are: How Anil Ambani's sons powered Reliance Group revival? The remarkable comeback story of Anil Ambani was powered by none other than his two sons, Jai Anmol Ambani, and his younger brother, Jai Anshul Ambani. The two brothers, who joined their father's business when everything was going downhill, have revived the Reliance Group with their sharp business acumen. Jai Anmol and Jai Anshul have taken up leadership roles within the indebted Reliance Group, and have helped the Anil Ambani-led company to secure new deals, and cut down the mammoth debt faced by many of the group's companies. Anil's elder son, Jai Anmol Ambani, attempted a revival of Reliance Capital, but despite his best efforts, could not save the debt-ridden firm from going bust and being taken over Hinduja Group's IndusInd International Holdings Ltd (IIHL). On the other hand, Jai Anshul Ambani, the younger son of Anil Ambani, is assisting the Reliance Group in two new ventures, Reliance Nippon Life Insurance, and Reliance Capital Asset Management. While Anshul is still learning the ropes, and steadily becoming more active in the business, his older sibling, Jai Anmol Ambani, who stepped in the business at the age of 18, is emerging as a veteran businessman, shows all signs of being ready to step in his father's shoes and manage, and revive the debt-ridden business empire. Reliance Group signing mega deals under Jai Anmol and Jai Anshul Ambani During recent months, Reliance Group, now under the leadership of Anil Ambani's sons, has taken giant strides towards making the conglomerate profitable again. The once-crumbling business empire of Anil Ambani has cut down debts of many of its companies, and reduced losses, thus attracting new orders as well as potential investors. Recently, Reliance Group acquired a Rs 2000 crore contract for a setting up a solar project in Bhutan, while Reliance Defence– a subsidiary of Anil Ambani-led Reliance Infrastructure Limited– has signed a deal with German arms maker Rheinmetall AG to manufacture ammunition.
India.com
27-04-2025
- Business
- India.com
Anil Ambani making a comeback? Sons helped clear debts in billions, made several Reliance Group companies debt-free, his net worth is now Rs...
Anil Ambani with sons Jai Anmol Ambani and Jai Anshul Ambani. (File) Anil Ambani net worth: Anil Ambani, the younger brother of Asia's richest man, Mukesh Ambani, has not been as successful as his illustrious older sibling in the business space, and over the years, several businesses of his debt-ridden Reliance Group have either been shut, sold, or languishing under a mountain of debt. However, the fortunes of Anil Ambani have begun to turn around of late as the embattled businessman's sons– Jai Anmol Ambani and Jai Anshul Ambani– have helped clear debts of several Reliance Group companies, making them debt-free. Anil Ambani making a comeback? This year has brought good fortune for Anil Ambani so far, with Sasan Power Limited– a subsidiary of Anil Ambani's Reliance Power repaid its $150 million (Rs 1286 crore) loan to IIFCL, and became debt-free. Earlier, Anil Ambani cleared debts worth thousands of crores of Reliance Group companies, strengthening the balance sheet of Reliance Power, the main company of his Reliance Group business conglomerate. According to reports, Reliance Power had a debt of Rs 17,812 crore till June 2024, but is now completely debt-free, while Reliance Infra, another major company of the Reliance Group, has also cut down significant amounts of debt. Shares of both Reliance Power and Reliance Infra climbed recently after Reliance Capital secured investment from Nippon. Market experts believe the investor confidence in Anil Ambani and his Reliance Group has increased in recent times, and more are willing to invest in his businesses. Recently, Reliance Capital was acquired by Hinduja Group's IndusInd International Holdings Limited (IIHL), and IIHL Chairman Ashok Hinduja announced that the government has approved increasing the group's stake in the bank from 15% to 26%. Once approved by IRDAI, the the outstanding amount will be repaid to the lenders of Anil Ambani's Reliance Group, he said. Anil Ambani's sons powering Reliance Group revival The revival of Anil Ambani is widely credited to the efforts of his sons, Jai Anmol Ambani, and his younger brother, Jai Anshul Ambani, who have been powering the resurgence of their father's business empire over the last few years. Both Jai Anmol and Jai Anshul have taken up leadership roles within the indebted Reliance Group, and have helped the Anil Ambani-led company to secure new deals, and cut down the gargantuan debt faced by many of the group's companies. Anil's elder son, Jai Anmol Ambani, attempted a revival of Reliance Capital, but despite his best efforts, could not save the debt-ridden firm from going bust and being taken over Hinduja Group's IndusInd International Holdings Ltd (IIHL). On the other hand, Jai Anshul Ambani, the younger son of Anil Ambani, is assisting the Reliance Group in two new ventures, Reliance Nippon Life Insurance, and Reliance Capital Asset Management. While Anshul is still learning the ropes, and steadily becoming more active in the business, his older sibling, Jai Anmol Ambani, who stepped in the business at the age of 18, is emerging as a veteran businessman, shows all signs of being ready to step in his father's shoes and manage, and revive the debt-ridden business empire. Jai Anmol and Jai Anshul Ambani's role in Anil Ambani's resurgence In 2014, Jai Anmol joined Reliance Mutual Fund, and three years later, took charge as the Executive Director of Reliance Capital in 2017. Over the years, Anil Ambani's elder child has taken on larger responsibilities in the Reliance Group and is credited with playing a pivotal role in raising the stake of the Japanese firm Nippon in Reliance Nippon Life Asset Management, which significantly boosted the company's valuation. Jai Anmol Ambani is 33, while Jai Anshul Ambani is 28 years of age, and the brothers seem determined to revive their father's once-thriving business and bring back the Reliance Group to its former glory despite the odds stacked against them. Anil Ambani net worth Anil Ambani, who was once ranked among the wealthiest men in India, saw his fortunes dwindle over the years due to failing businesses, and at one point he reportedly had to mortgage his wife, Tina Ambani's jewelry to pay off lenders. However, Anil Ambani's fortunes have begun to turn around of late, as the market cap of Reliance Power and Reliance Infra– the two main companies of the Reliance Group– has surged by a significant margin. According to market data, the mcap of Reliance Infra swelled to Rs 10,192.46 crore, while the valuation of Reliance Power climbed to Rs 16,614 crore last week. The shares of both companies also witnessed a noticeable rise. Owing to recent revival of his businesses, the estimated net worth of Anil Ambani has climbed to $530 million (around Rs 4500 crore), as of March 10, 2025, according to reports.
