Meet the Two Youngsters Who Turned Anil Ambani's Debt-Ridden Reliance Power into a Rs 20,526 Crore Success Story
Anil Ambani’s business fortunes are taking a massive U-turn, thanks to a surge in Reliance Power shares, which recently hit a new 52-week high of Rs 53.65. With Reliance Power now debt-free and Reliance Infrastructure reducing its debt by 87%, the company’s market capitalization has soared beyond Rs 20,526 crore. But who are the masterminds behind this stunning turnaround? Enter Jai Anmol Ambani and Jai Anshul Ambani, the sons of Anil Ambani, who have played a pivotal role in reviving the family empire.
The Masterminds Behind Reliance Power’s Comeback
The revival of Reliance Power and the resurgence of investor confidence can largely be attributed to Jai Anmol and Jai Anshul Ambani. With Jai Anmol stepping into a strategic leadership role, particularly in Reliance Capital Limited, the company has witnessed a significant revival. Reliance Infrastructure has seen a substantial 60% jump in its stock value, marking its highest level since 2018. Anil Ambani’s sons have not only brought new energy to the company but have also successfully secured Rs 2,930 crore through Foreign Currency Convertible Bonds (FCCBs), further strengthening Reliance’s financial position.
Ambani’s Expansion into Renewable Energy
Anil Ambani isn’t stopping there. His group has expanded into renewable energy, announcing 1,270 megawatts of solar and hydroelectric projects in Bhutan in partnership with Druk Holding. This move has further boosted momentum for Reliance, as it launches new ventures through a company called Reliance Enterprises to drive the energy business in the Himalayan region.
Jai Anmol Ambani: The Next Generation Leader
Jai Anmol Ambani has been at the forefront of the group’s revival. He started taking leadership roles at just 18, joining Reliance Mutual Fund in 2014 and becoming Executive Director of Reliance Capital in 2017. Under his watch, the company facilitated Japan’s Nippon firm’s increased stake in Reliance Nippon Life Asset Management. Today, Jai Anmol’s personal net worth is pegged at a cool Rs 2,000 crore, as he continues to lead Reliance into new ventures like Reliance Life Insurance and Reliance Capital Asset Management.
Thanks to the leadership of Anil Ambani’s two sons, Reliance Power has not only rebounded but is now positioned for even greater success in the future.
