Mukesh Ambani will probably make this investment of about USD 250 million in his individual capacity, sources close to the development said. The process has begun for stringing together a team of experts with domain knowledge of various sectors for managing this private equity venture. The top tier of people to be associated with this venture would include those with expertise in biotechnology, healthcare, energy and consultancy businesses, besides private equity and venture capital segments.

The new venture would mostly invest in start-ups working on innovative business ideas in sectors like biotechnology, healthcare, and information technology, new and renewable energy as also traditional energy sources, among others. However, it was unlikely that RIL group itself would get involved in the venture and it was most likely that the investment would be made by Mukesh Ambani in his individual capacity.

Reliance Industries Limited and Mukesh Ambani himself have often talked about need to invest in areas like business innovation, new technology and research and development. Earlier in 2007, RIL group firm Reliance Life Sciences had announced a partnership with MPM Capital, a US-based global investment management firm focused on healthcare business, to invest in Indian life science sector.

Subsequent to the deal, RIL invested nearly Rs 80 crores in a MPM BioVentures fund during the last fiscal 2009-10. The group has also created a Reliance Technology Group (RTG) by consolidating various research and technology functions of its businesses. It has also set up a Reliance Innovation Council that comprises of eminent scientist R A Mashelkar and Mukesh Ambani himself, among other global leaders, from fields of science and business.

Mukesh Ambani’s RIL has been also named as the 8th biggest gainer in the list in terms of operating profits. The report noted that the global chemical industry went through a year of turmoil in 2009, but RIL figured among the few companies on the list that bucked the trend. Some companies managed to buck the downward sales trend from a combination of location, fiscal year-end and business mix. In this group was: Reliance Industries, which continued to benefit from strong demand in India.”

RIL was ranked 20th on the basis of sales worth $12.3 billion last year, while top-ranked BASF had sales of $72.7 billion. This shows that Reliance Industries will be soon jumping to the top tier.

India’s richest billionaire and worlds fourth richest, the 53-year-old Mukesh Ambani would be presented with the Dwight D Eisenhower Global Award for leadership at a function in New York on November 17. In 2009, Mukesh Ambani was ranked fifth best performing CEO in the world by the Harvard Business Review and Reliance Industries, Ltd. was ranked the 15th most innovative company in the world in a survey conducted by Business Week and BCG.

BCIU was established at former US President Eisenhower’s initiative in 1955. US-based BCIU facilitates dialogue and alliances between world business and political leaders. BCIU’s president Peter Tichansky said, “We are pleased to recognize Ambani’s role in fuelling the largest newly industrialized countries through energy and technology and for the possibilities such growth creates for the global economy.” According to the statement, Mukesh Ambani has built Reliance into the largest private sector enterprise in India and one of the world’s most successful companies in the fields of petrochemicals, petroleum, gas exploration and production.

A chemical engineering from University of Mumbai and MBA from Stanford University, Mukesh Ambani joined Reliance in 1981. And since then he initiated Reliance’s backward integration journey from textiles into polyester fibers and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and production. Under Mukesh Ambani Reliance Industries has expanded into a massive global conglomerate offering everything from petrochemicals to fabrics. The company, Reliance Industries growth has been awe-inspiring.

In 2009, Mukesh Ambani was ranked fifth best performing CEO in the world by the Harvard Business Review and Reliance Industries, Ltd. was ranked the 15th most innovative company in the world in a survey conducted by Business Week and BCG. Jeffrey Immelt will be presented with the Society’s Global Leadership Award. Immelt was named one of the “World’s Best CEOs” three times by Barron’s recognizing his global leadership of General Electric since 2001. The New York Philharmonic will receive the Cultural Ambassador Award in recognition of its bridge-building concerts around the globe. Two musicians from the orchestra will perform two pieces for dinner attendees, including Arirang, the well-known Korean folk song that the Orchestra performed on its historic concert in Pyongyang, DPRK, in February 2008. The New York Philharmonic is renowned around the globe, having appeared in 430 cities in 63 countries, including the concert in Pyongyang, DPRK, which was broadcast live, internationally, and its debut concerts in Hanoi, Vietnam, in October 2009, on its first tour with new Music Director, Alan Gilbert.

Founded in 1956, Asia Society is a nonpartisan, nonprofit educational institution. Asia Society is the leading global and pan-Asian organization working to strengthen relationships and promote understanding among the people, leaders, and institutions of the United States and Asia. We seek to increase knowledge and enhance dialogue, encourage creative expression, and generate new ideas across the fields of arts and culture, policy and business, and education.

Personal Life:-
He Married to Nita Ambani and has three children Akash, Anant and Isha.
Career:-
Even while pursuing his studies in chemical engineering Mukesh Ambani began working almost full time for Reliance. In 1981, he officially joined and quickly became a part and reason of progress. He was the mastermind behind Reliance’s backward integration of textiles into polyester fibers and other petrochemicals. Then he led the creation of 51 new world-class production facilities which included a range of technologies, which increased production capacity in manifold ways. He also designed the largest oil refinery at Jamnagar. Dhirubhai’s dream project Reliance Infocomm was also entrusted to Mukesh Ambani but later on went to his brother Anil Ambani. His next step is to enter the retail trade in a great way to retail stores across the country. At present there are many different outlets such as Reliance Autozone, Reliance Digital which are solely under Reliance Retail.
Achievements:-
1) Chosen as the businessman of the year 2007 by an opinion poll conducted by NDTV India.
2) United States-India Business Council (USIBC) leadership award for Global Vision 2007 in Washington.
3)He was the 42nd among the ”World’s Most Respected Business Leaders” and second among the four Indian CEOs as per the survey conducted by Pricewaterhouse Coopers and published in FT, London, Nov 2004
4) In October 2004 he was awarded by Total Telecom as “Most Influential Person in Telecommunications in 2004″
5) Chosen as “Telecom Man of the Year 2004″ by Voice and Data magazine in Sep 2004.
6)”Chitralekha Person of the Year Award – 2007″ by Gujarat CM Narendra Modi.
7) Conferred the Penn Engineering Dean’s Medal for application of engineering and technology in January 2010

The store is in the City Centre Mega Mall, which is spread over an area of 14,000 sq.ft. It offers a wide array of exclusive designs for men’s, women’s and children’s apparel and accessories.

Reliance Trends National head – operations, Akhilesh Prasad said, “We are thrilled to bring Reliance Trends to City Centre Mega Mall, Raipur. We are confident that this store, with the latest fashion, high-quality and affordable prices, will be welcomed by the discerning consumers. At Reliance Trends, we bring the best of and widest collection of designs for the entire family, from Reliance’s own collection, under one roof. It’s our constant endeavor to deliver fantastic choice and quality, yet at very economical prices”

Reliance Trends houses some of the best brands from various parts of the world including their collections. The store’s core principle is – ‘Fashion at great value’. It offers a mix of private brands across men’s, women’s and children’s categories. The collection offers high fashion, latest trends, cuts and styles and top-quality material backed by technology and innovation.

Reliance Trends seems unbeatable as they offer fashionable and trendy clothes at prices unmatched in the market. With many other brands yet to come out with offers this festive season, it is an early start by Reliance to get the offer publicized well in advance so that people know exactly what they have to offer. This will ensure that the recall value of the brand is higher and the people will remember this offer when they go out to shop for either themselves or for others. The gift voucher may soon become a popular gifting trend since the person who is being gifted the voucher has flexibility of choosing his own gift.

Hence, its wait and watch now as Reliance have taken the first step and whether other popular brands will follow suit is a question that will soon be answered.