If 2018 was the year of stock meltdown, 2019 was expected to throw many surprises. In India, some even referred to an alarming situation like Recession.
But no problems were big enough to dent the 62 year old Chairman of Reliance Industries Limited. In 2019, the way he created wealth defied every pundit's forecast of a gloom-doom trend.
We are talking about Mukesh Ambani, the 62 year old Chief of India's petrochemical to telecom major - Reliance Industries Limited. Very few need introduction of Dhirubhai Ambani's eldest son born in Yemen (Aden). Ambani, Asia's richest man, added approximately $17 billion to his net-worth in 2019.
For those curious on Ambani and RIL's contribution to the country, here's a small snippet (Source: Mukesh Ambani's speech from his 42nd AGM in 2019):
• RIL is India's Largest exporter - Rs 2,24,391 crore exports to 107 countries or 9.8% of India's total merchandise exports.
• Highest payer of customs and excise duty in the private sector - Rs 26,379 crore.
• Highest payer of GST among public and private sector companies - Rs 67,320 crore. Last Year RIL paid Rs 42,533 crores towards GST.
• Highest payer of Income tax in the private sector - Rs 12,191 crore.
The year for Mr. Ambani is quite different than the previous ones he's seen. Here's a review of how the year transpired, the great strides RIL undertook and a timeline of personal and business accomplishments he has achieved in 2019.
Content: Sify Finance
Images: Sify Archives & Agencies