Indian - Businessman | April 19, 1957 -
Our established businesses of hydrocarbons, energy, and petrochemicals pretty much run on their own, with their own proven leaders. This has helped me focus almost exclusively on two things: Firstly, new businesses. And secondly, institutionalising what I call the Reliance Management System.
Mukesh Ambani
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For my father, life was uni-dimensional. Reliance was his life. Yet, some of my most vivid memories are about spending time with him. However busy he may have been, whatever the pressure, Sunday was for his wife and kids. I try to do the same with my family.
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Nobody had anticipated that chemicals was the direction in which Reliance was headed. I did chemical engineering because it was supposed to be the future.
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At Reliance, we have always believed in investing in the businesses of the future and in investing in talent.
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All of us know that the energy from the sun can now be harnessed, and we need to convert it sensibly to use it.
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As long as you've got your courage of conviction, it works for you. I think that the same applies, too, even where you don't, because in today's world, financial resources are the least important. World has moved to the power of ideas.
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We all get into business, and we take a risk in terms of putting capital.
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Profit or loss is not guaranteed. That depends on the consumer and depends on the product. That's a risk that business people take.
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The regulator's job is not to guarantee us a profit, however much we cry. The regulator's job is to first make sure that the country goes forward and then make sure that the consumer goes forward.
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Until my father brought me into Reliance, I was pretty sure that I wanted to study in a U.S. university: hopefully, a little bit of time, either work at the World Bank or teach as a professor.
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I guess when you are left on your own, you find your true potential. I remember my father never came to our school even once.
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