The Billionaire Businessman Mukesh Ambani is an unavoidable name in India's business history. As Mukesh Ambani completes 20 years as the Chairman of Reliance Industries, let us have a look at how his tenure changed the company and the nation. Mukesh Ambani took the reins of Reliance in 2002 following the demise of his father Dhirubhai Ambani. Since his ascension, Reliance has achieved consistent and double-digit growth. The market capitalisation of Reliance Industries rose at an annualised rate of 20.6 per cent in that time. It grew from Rs 41,989 crore in March 2002 to Rs 17.81 lakh crore in March 2022.
In the past 20 years, he has acquired businesses and introduced new initiatives to expand the Reliance empire. In 2015, Mukesh Ambani completed the acquisition of the Network18 Group which has news channels and entertainment channels in different languages. On September 1, 2016, he launched Jio services with a vision of building a digital India. The aim was to bridge the gap between ordinary Indian citizens and expensive internet data and thus provide digital freedom to all. He strived to provide the highest quality internet at the most affordable prices for an unlimited pace. Since the launch of Reliance Jio, the cost of cellular data per GB has reduced from Rs 500 to Rs 12. The company accumulated Rs 17.4 cr lakh crore to the investor wealth in the last two decades. Embracing the tech revolution, in 2020, Reliance conducted its first ever virtual general meeting due to covid 19.
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