Anil Ambani’s rebirth story: How two men turned debt-ridden Reliance Power into a Rs 20,526-crore company – Lifestyle News

Troubled business tycoon Anil Ambani is seeing a dramatic turnaround as Reliance Power shares surged 5% to hit a new 52-week high of Rs 53.65. This revival signals renewed investor confidence in Ambani companies, with Reliance Power becoming debt-free and Reliance Infrastructure reducing its debt by 87%. As a result, Reliance Power’s market capitalization has crossed Rs 2,052.67 crore.

The creators of the revival of Anil Ambani’s company

A key factor in this transformation was the strategic involvement of Anil Ambani’s two sons, Jai Anmol Ambani and Jai Anshul Ambani. Their entry into the family business has rekindled investor faith, especially under the leadership of Jai Anmol, in the revitalization of Reliance Capital Limited (RCL). Shares of Reliance Infrastructure also surged 60% to Rs 336.20, the highest gain since 2018. Moreover, Reliance Infra has received approval to raise Rs 2,930 crore through Foreign Currency Convertible Bonds (FCCBs), strengthening its financial stability.

Anil Ambani’s expansion plan

The group’s foray into renewable energy projects in Bhutan has further strengthened its positive trajectory. Anil Ambani-led Reliance Group has announced 1,270 megawatts of solar and hydropower projects in collaboration with Druk Holding. To initiate these investments and expand its energy operations in the Himalayan region, a new entity, Reliance Enterprises, was established.

Jai Anmol Ambani’s Influence and Net Worth

Jai Anmol Ambani, who assumed leadership roles from an early age, played a key role in spearheading the group’s revival. He joined Reliance Mutual Fund in 2014 and in 2017 became the Executive Director of Reliance Capital. His efforts facilitated Japan’s Nippon to increase its stake in Reliance Nippon Life Asset Management. Under his leadership, ventures like Reliance Life Insurance and Reliance Capital Asset Management flourished, contributing to his net worth of Rs 2,000 crore.

All about Jai Anshul Ambani

Jai Anshul Ambani, the younger son of prominent businessman Anil Ambani, is carving out his identity with impressive achievements in both academia and business. While Anil Ambani is known for his extravagant lifestyle, Jai Anshul stands out for his educational pursuits and luxurious life.

Jai Anshul’s academic experiences are commendable; He graduated from the American School and earned a bachelor’s degree from the prestigious Stern School of Business at New York University (NYU). Solid educational foundations allow him to effectively cope with the challenges of the business world.

His luxurious lifestyle is highlighted by an impressive car collection that includes high-end vehicles such as the Mercedes GLK350, Lamborghini Gallardo, Rolls-Royce Phantom, Range Rover Vogue and Lexus SUV. In addition, it boasts a fleet of aircraft that includes a Bombardier Global Express XRS, a Bell 412 helicopter and two Falcons: Falcon 2000 and Falcon 7X, according to Financial Express. Despite his wealth and family legacy, Jai Anshul prefers to keep a low profile, avoiding media attention and keeping his personal life private.

This concerted effort, led by the younger Ambanis, laid the foundation for Anil Ambani’s return to billionaire status, marking a remarkable comeback for a business leader who once faced major challenges.