Mukesh Ambani Overtakes
Azim Premji And How!

It is Mukesh Ambani who has recognized that there exists a possibility even in like an old world sector agriculture. Probably this is the difference between him and Azim Premji, the number two man in the business sector in India.

Rituporna Nath

Time annihilates all; this became more evident when recently Mukesh Ambani overtook Azim Premji to become the richest in the country. Ambanis know well how to come back? Whether it is a family crisis or business crisis, each time Mukesh Ambani has emerged as a gem. The rise and rise of Ambanis to the top of the country's billionaire club has pushed Wipro's Azim Premji to the second position.

As Reliance Industries emerged as India’s topmost firm, the same took Mukesh Ambani, Chairman and Managing Director of Reliance Industries to the highest position in the country’s richest list.

Mukesh Ambani’s group companies, such as RIL, Reliance Petroleum, IPCL and Reliance Industrial Infrastructure Ltd, has reached about Rs 2,04,000 crore.The Wipro man managed the second position with a net worth of about Rs 64,700 crore whereas Mukesh’s younger brother Anil Ambani is at third spot with Rs 61,000 crore.

Ambani is now aiming to create a revolution in the two most neglected but largest sectors: Retail and farming. Mukesh Ambani group’s companies -- RIL, RPL, IPCL and RIIL -- are having a worth more than Rs 1,00,000 crore total promoter stake. Wipro also had a sharp rally in its share price in recent past, but Azim Premji's net worth did not rise much as the total promoter stake in company went down.

Azim Premji’s journey from a vegetable oil company to the largest Software company in the country was full of struggle. So, it can be sure of maintaining its position in the market at any cost. Wipro's market capitalisation currently stands at almost Rs 80,000 crore, and it puts Premji's net wealth based on his 80.94 per cent holding in the company at Rs 64,723 crore.

Mukesh always has been regarded as the businessman with a different and bigger thinking. Ambani has proved that he is the best by securing the position even after the division of family empire. Mukesh planned to invest more than $11 billion over the next decade to build two new satellite cities outside creaking, overcrowded Mumbai and Delhi just after the break up.

Reliance is also involving itself in agriculture in a big way. According to Ambani this will help to create a second green revolution at a time when energy and agro are converging. Mukesh Ambani like his late tycoon father Dheerubahai Ambani believes in creating something out of nothing. That possibility exists in India even in old-world sectors like agriculture. And probably this made him the big man in the business sector of the country and which Premji could not retain.