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Blog Keywords: Bangalore
IIM Bangalore
IIMB
Cultural Events
Management Education
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India

Saturday, August 21, 2004

Posted 12:08 PM by Anurag
Reliance Crumbling?

According to today's story in the Times of India, an unnamed business group is having family problems between the two brothers. Its more or less certain that the news article is talking about the Reliance group, the largest private player in India with sales approaching/in excess of 20 billion dollars (I guess).

It'd be a shame to see such a beautifully created empire created by Dhirubhai Ambani taken hostage to family feud between wives. Mukesh and Anil are a wonderful team, and even after Dhirubhai, they have been able to continue inspiring Indian entrepreneurial capital by their 'Think Big' attitude and actions. I hope they stay together and continue taking their unified company to big heights. Right now, theirs is approximately one-thirteenth of the largest company in the world (Wal-Mart: turonver 250 billion US$ approx). Creating such a mega corporation sitting in this part of the world is no mean feat, esp. when you look at figures considering the exchange ratio of 1:45 between Indian rupee and USdollar! I hope the brothers stay together, pool their energies, and take Reliance to the top of the world, literally.


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