Leadership is about setting new standards: Mukesh Ambani at IAA
According to Mukesh Ambani, Chairman& MD of Reliance Industries, Reliance will always remain invested in the businesses of the future and will always invest in talent
At the recently held International Advertising Association’s (IAA) Leadership Awards, Mukesh Ambani, Chairman & MD of Reliance Industries, won the Business Leader of the Year award for his immense contribution to building lasting businesses.
Speaking at the event, Ambani highlighted the journey of Reliance and its transformation from being a small enterprise to the global giant that it is today. He said, “I thank the jury and IAA for this recognition. For me personally this has been a 40 year journey. Reliance completes 40 years of being a public company. I have been fortunate to be part of the journey from year one. I still remember that when I started off, I was a student of chemical engineering. At that time Reliance was less than 5 million dollars in enterprise value. And in 40 years within India, as an Indian company, we are now over 250 billion dollar in enterprise value. That has been a phenomenal journey.”
Underling the vision of Dhirubhai Ambani that Reliance will remain invested in the businesses of future, he stated, “For the first 25 years for me, whatever I am today, and whatever recognition we get, we always stand on the shoulders of my father. He founded Reliance and he believed in the principle that as Reliance we will always remain invested in the businesses of the future and will always invest in talent. Over the last 40 years, we have done that. We believe in the power of youth. One consistent thing is that over the last 40 years, the average age at Reliance has consistently remained at around 30 years.”
Ambani also spoke about how Reliance has built technology businesses from day one and propagated technology companies in the energy area.
Speaking about the data revolution that his company Reliance Jio has ushered, Ambani said, “I am really proud of what our young people have achieved at Jio. They have again demonstrated what my father and I believe in which is that leadership is not about following anybody. Leadership is about setting new standards that nobody else has set. What we have done at Jio is that earlier India was 155th in mobile broadband ranking and in the first year one year after Jio was launched , India has become the number one and the largest mobile data market in the world. We have crossed over 50 crore hours of video viewing on smartphones. Essentially this market is moving to a mobile and video market and this again is a first in the world. Moreover, that is where the opportunity of a new India, especially for the youth of India, is in the coming years.”
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