Mercurial Transformer
If these two consumer businesses (Jio and Retail) had been separately listed companies, each would be ranked among the top 10 in India today, in terms of value
Impossible is not a fact. It’s an opinion, stated boxing legend Muhammad Ali. That applies to billionaire Mukesh Ambani too. In 1997, his father Dhirubhai Ambani asked him to build Asia’s largest petroleum refinery at Jamnagar in 24 months, against the usual 60 months then. Mukesh Ambani charted out a new work schedule, counting backwards from the target date and pulled it off. When it came to creating two consumer focused businesses almost two decades later, sceptics said it would be impossible for Ambani. He proved them wrong by building India’s most profitable telecom and retail businesses — Reliance Jio and Reliance Retail — by simply widening the scope of the sectors.
At a
