These two men turned Anil Ambani debt-ridden Reliance Power into Rs 20526 crore company

Anil Ambani’s fortune is experiencing a dramatic turnaround as Reliance Power shares surged by 5%, now again reaching a new 52-week high of Rs 53.65. This marks the highest level in the past year and shows investor confidence in Anil Ambani’s companies. Reliance Power has become debt-free, and Reliance Infrastructure has also significantly reduced its debt by 87%, leading to momentum in Ambani’s business. As a result, Reliance Power’s market capitalisation also crossed beyond Rs 2,052.67 crore.
Masterminds Behind Anil Ambani Company Revival
A key factor in this transformation has been the involvement of Anil Ambani’s two sons, Jai Anmol Ambani and Jai Anshul Ambani. Their entry into the family business has brought back investor faith, especially with Jai Anmol’s strategic leadership in reviving Reliance Capital Limited (RCL). Shares of Reliance Infrastructure have also witnessed substantial growth, jumping by 60% to Rs 336.20 – the highest surge since 2018. Reliance Infra has also secured approval to raise Rs 2,930 crore through Foreign Currency Convertible Bonds (FCCBs), which further enhances its financial position.
Anil Ambani’s Expansion Plan
The group’s expansion into renewable energy projects in Bhutan has added to the positive momentum. Anil Ambani-led Reliance Group has announced the establishment of 1,270 megawatts of solar and hydroelectric projects in partnership with Druk Holding. A new company, Reliance Enterprises, has been launched to take ahead these investments to expand the company’s energy business in the Himalayan region.
Jai Anmol Ambani Net Worth
Jai Anmol Ambani, who began taking on leadership roles at the age of 18, has played a pivotal role in the group’s revival. He joined Reliance Mutual Fund in 2014 and became Executive Director of Reliance Capital in 2017. He helped the company to facilitate Japan’s Nippon firm’s increased stake in Reliance Nippon Life Asset Management. Under his leadership, new ventures like Reliance Life Insurance and Reliance Capital Asset Management also flourished, contributing to his personal net worth of Rs 2,000 crore.
This collective effort, particularly by the younger Ambanis, has set the stage for Anil Ambani’s return to billionaire status, marking a remarkable comeback for a business leader who once seemed to have lost his prominence.