Professional Documents
Culture Documents
Cia 1 (A) Ed
Cia 1 (A) Ed
EntrEprEnEurshIp DEvElopmEnt
I. mukEsh AmbAnI
- Mukesh Dhirubhai Ambani (born 19 April 1957) is
an Indian billionaire businessman, and the
chairman, managing director, and largest
shareholder of Reliance Industries Ltd. (RIL), a
Fortune Global 500 company and India's most
valuable company by market value. According to
Forbes, he is the richest person in Asia with a net worth of US$98 billion and the 11th richest
person in the world, as of 15 January 2022.
- In 1981 he started to help his father Dhirubhai Ambani run their family business, Reliance
Industries Limited. By this time, it had already expanded so that it also dealt in refining
and petrochemicals. The business also included products and services in retail and
telecommunications industries. Reliance Retail Ltd., another subsidiary, is also the largest
retailer in India. Reliance's Jio has earned a top-five spot in the country's
telecommunication services since its public launch on 5 September 2016.
- As of 2016, Ambani was ranked 36 and has consistently held the title of India's richest
person on Forbes magazine's list for the past ten years. He is the only Indian businessman
on Forbes' list of the world's most powerful people. As of October 2020, Mukesh Ambani
was ranked by Forbes as the 6th-wealthiest person in the world. He surpassed Jack Ma,
executive chairman of Alibaba Group, to become Asia's richest person with a net worth of
$44.3 billion in July 2018. He is also the wealthiest person in the world outside North
America and Europe. As of 2015, Ambani ranked fifth among India's philanthropists,
according to China's Hurun Research Institute. He was appointed as a Director of Bank of
America and became the first non-American to be on its board.
II. rItEsh AgArwAl
- Ritesh Agarwal is an Indian billionaire
entrepreneur and Founder, CEO of OYO Rooms.
Ritesh Agarwal was born in a Marwari family in
Bissam Cuttack, Odisha, India and brought up in
Titilagarh. Ritesh comes from a family that used to run a small shop in Southern Odisha.
At the age of 13, he started selling SIM cards. He graduated from St. Johns Senior
Secondary School and moved to Delhi in 2011 for college. He dropped out of college, and
was selected for the Thiel Fellowship in 2013.
- Agarwal started a budget accommodation portal, Oravel Stays, for booking budget hotels.
It was accepted into the accelerator program by Venture Nursery in September 2012, and
later was one of the winners of the 2013 Thiel Fellowship program, receiving a grant of
$100,000. The company was launched as OYO Rooms in May 2013.By September 2018,
the company raised $1 billion. In July 2019, it was reported that Agarwal purchased $2
billion in shares in the company, tripling his stake.
- His net worth in 2020 was estimated to be approximately $1.1 billion (₹7253 crore)
according to Hurun Rich List 2020. As of February 2020, he is the second youngest self-
made billionaire in the world after Kylie Jenner and He is listed in the Forbes 30 under 30
list for Asia. Ritesh completed his school from St. Johns Senior Secondary School. He
moved to Delhi for college in 2011 and with strong intentions of starting up something of
his own. He dropped out of college to pursue his dream of becoming an entrepreneur.
- Agarwal joined the University of London’s course at Indian Business School. At the age
of 13, Agarwal started selling SIM cards. Ritesh was the winners of the Thiel Fellowship
program 2013, a 2-year program initiated by Peter Theil, PayPal Founder and an early
investor in Facebook. Ritesh received a grant of $100,000. Agarwal was the first Asian to
have obtained Thiel Fellowship. Agarwal started his entrepreneurial journey when he was
17 years old. Ritesh started Oravel Stays, a budget accommodation portal for booking
budget hotels. Oravel Stays was an aggregator of break and bed for stays across India.
Then he launched as OYO Rooms in May 2013. OYO Rooms is an Indian hotel brand that
aggregates hotel rooms. OYO also operates in Malaysia and Nepal.
- The name OYO means “On Your Own”. The company has more than 72,000 rooms in
8000 hotels across 250 towns in India. The current evaluation of OYO Rooms is over
$600 million. The company provides travellers the coolest yet cheapest budget hotels.
OYO Rooms is backed by investors like the Greenoaks Capital, Softbank Group,
Lightspeed India, and Sequoia Capital. The company raised $1 billion in September 2018.
EntrEprEnEurIAl CompEtEnCIEs possEssED
by mukEsh AmbAnI
2. Sees and acts on opportunities- An entrepreneur always looks for and takes action
on opportunities. He Sees and acts on new business opportunities and seizes unusual
opportunities to obtain financing, equipment, land, work space or assistance. Mr.
Mukesh Ambani always looks for and takes action on opportunities and it can be
seen as in start of his career only he has seen opportunities in polyester fibres,
petrochemicals, petroleum refining and in oil exploration and production. He has also
seen opportunities in telecom and technology sector and after seeing that he launched
Reliance JIO in 2015-16.
4. Concern for High Quality of Work- An entrepreneur acts to do things that meet
certain standards of excellence that gives him greater satisfaction. An entrepreneur
states a desire to produce or sell a top- or better-quality product or service. They
compare own work or own company’s work favourably to that of others. Mr.
Mukesh Ambani has always shown concern for high quality work in every sector he
works.
5. Concern for High Quality of Work- An entrepreneur acts to do things that meet
certain standards of excellence that gives him greater satisfaction. An entrepreneur
states a desire to produce or sell a top- or better-quality product or service. They
compare own work or own company’s work favourably to that of others. Ritesh
Agarwal has always been concerned about High quality of work and he gave his
customer high quality hotel booking service in cheaper and easier way.
EntErprIsEs/mAjor CompAnIEs
EstAblIshED/ownED by mukEsh AmbAnI ArE-
1. Reliance Retail
Founded in 2006, Reliance Retail has over the decades become one of India’s leading
retail players that take pride in delivering a premium shopping environment and
customer experience. Reliance Fresh, Reliance Digital, eCommerce platform Ajio,
Reliance Jewels and Reliance Trends are some of the brands under Reliance Retail.
4. Reliance Petroleum
Counted among the leading petroleum companies around the world, Reliance
Petroleum provides high-speed diesel, petrol, auto LPG, lubricants, aviation fuel and
packed LPG; and caters to two-wheelers, aeroplanes, farm equipment and heavy
engineering vehicles.
5. Network 18
Network18 Media and Investments Limited or Network18 Group is an Indian media
company owned by Mukesh Ambani’s Reliance Industries. Incorporated as a private
limited company in 1996, it was converted into a public limited company in 2006 and
acquired by Reliance Industries in 2014, as per the official website. Some of the
prominent publications under the Network18 group include Forbes India,
Moneycontrol, News18, Overdrive and CNBC TV18.
2. In March 2016, OYO acquired the team of Qlik Pass, founded by Rahul
Gupta and Rishi Swami, to setup and lead its data science department.
Business tycoon Mukesh Ambani once said “if you want to become an
entrepreneur you will have to figure things out on your own. Only managers are
told what is to be done, not entrepreneurs”. His father (Dhirubhai Ambani)
started the business named Reliance Industries/ Reliance commercial
corporation in 1958 since then only Mukesh Ambani wanted to establish his
business and become a successful entrepreneur and he also dropped MBA
which he was pursuing from Stanford’s university and he came back to India to
join his family business and to support his father in business and from start only
he wanted to take reliance to new heights and his motive to join or to establish
the business was he wanted to generate the value and make a difference in
world. He from starting focused on value generation and he motive was always
to identify opportunities and from start he identified opportunities in textile then
in petrochemicals industry and then into plastic and power generation and then
in telecom and communication sector so from start when no one believed that
these industries can succeed he from there only identified opportunities and his
motive was to do things that can change lives of millions and he brought
revolution in the communication sector and contributing to the growth of Indian
economy.