It's me for what I believe

Reliance Industries Ltd. is a big name in India’s economic rise. Dhirubhai Ambani, an ordinary Gujurati how knew how to tilt the system to his own advantage and get the best out of each and every loop hole that existed. Ambani and his two sons in 90’s built up the largest corporate house in India. They know owned the largest listed company in Indian stock market. Mukesh Ambani, Dhirubhai Ambani’s eldest son took over the company and started building up an even more corrupt and evil business house untill he and his younger brother Anil Ambani decided, they cannot eat the country as being united, instead do that seprately. In came another of the “Reliance’s” ADAG, Anil Dhirubhai Ambani Group which started listed companies that were not even operational and borrwing investors money, than delist the company at a premium price and earn good money out of eat. But today, we will talk about the big brother, Mr. Mukesh Ambani. the 5th richest man in the world living in the city which has the largest slum population in any top tier city of the world. He owns the world’s first “billion dollar house” which he has valued himself and has conviced everyone else that a house that was built with the total cost of less than 100 million is worth 10 times more because of the location and because he owns it. Mukesh Ambani owns the RIL, the largest company in India and he owns a cool 55% stake in the company. How he managed such a high stake, simply he wants to so nobody argues. RIL recently has been in news due to its falling output in one of the major gas and oil reserves of India, which they operate under government conditions.

The KG D6 block, which is operated by RIL is witnessing a huge shortfall in production due to “technical difficulties”, the same block which Mr. Mukesh Ambani sold 30% of RIL’s stake to BP for a cool 10 billion. Now, the point is, why would BP invest 10 billion in a oil field which is having difficulties managing the oil output. It doesnot make any business sense, unless, RIl has some other ideas.

The theory is RIL is not happy with the pricing model under which it operates, and hence they are intentioanlly maintaining the low output in the hope that the government will eventually increase the prices. Now considering the close relations Ambani’s have always enjoyed it is not suprising if this happens sooner rather than later and suddenly all the technical difficulties will be gone. The second point here is that, the agreement with Indian government is once the cost of establishing the plant is met, RIL will share the revenues with the government, so if there are technical difficulties, it means more capital requirement or more funds and hence, more time to keep the fields under RIL’s control.

Now this is not the first time, Mukesh Ambani is involved in these cheap tactics. He often influences mutual funds and stock market analysits to make rather flatering remarks about RIL and increases the valuations for the company, infact he has learned this from his father. Besides he has harmed the investors more than any other company can and yet, RIL is regared as the safest bet in Indian stock market.

Mukesh Ambani is not a person who is satisfied with his greed, as he gets more rich, he wants even more. Mr. Ratan TATA told in an interview that he was very sad by the way Ambani was spending 1 billion for a house when he could have used the money for common good, helping the poor and needy of his own country.

One example, Bill Gates hosted a charity dinner event in Mumbai attended by Warren Buffet, Ratan TATA, Premji, Sunil Mittal and many other top Indian businessmen, the two names issing from the list were Mukesh Ambani and Anil Ambani. While Mukesh Ambani was watching his IP cricket team playing cricket, Anil was too busy to attend the event aimed at encouraging India’s super rich to donate money to charities and nobel causes. Intrestingly Mukesh Ambani met Warren Buffet a day earlier where they discussed the Indian business scene.

RIL and all other companies owned by Ambani brother’s are the epitomy of how much greedy a man can be.