Anil Ambani
Chairman, Reliance ADAG- Reliance Communications
- Reliance Capital
- Reliance Infrastructure
- Reliance Power
- Reliance Defence and Engineering Limited
- Reliance Defence Limited
- Reliance Defence Technologies Private Limited
Anil Ambani's Journey So Far ...
- Joined Reliance Industries in 1983 as Co-Chief Executive Officer
- Pioneered India’s movement into overseas capital markets with international public offerings of global depository receipts, convertibles and bonds
- After a much-publicised family feud that made headlines for years, Reliance Industries was split between him and his brother Mukesh in 2005 following their father Dhirubhai Ambani’s death
- In 2006, the Reliance Group was formed and in less than ten years became a market leader in several growth sectors including telecommunications, generation, transmission and distribution of renewable and non-renewable sources of power, national road highways, metro rail systems, cement, financial services, education, healthcare, media and entertainment
- With a net worth of $45 billion, he became one of the richest persons in India in 2007 according to the Forbes Rich List
- In 2008, Reliance Power’s IPO became India’s largest of the time which was subscribed in less than a minute
- His businesses had a market capitalization of Rs 1,65,917 crore in January 2008
- Losing a huge chunk of his fortune in the recession of the late 2000s, his net worth dropped to $13.7 billion by 2010 as per Forbes’
- He lost his billionaire tag in 2019
- By June 2019, Reliance Group’s market capitalization stood at Rs 6,196 crore
Before you go ...
- Anil Ambani is a fitness enthusiast and also a seasoned long-distance marathon runner, with over 50 half and full marathons to his credit.
- His other interests include nature, wildlife conservation and spiritualism.
Anil Ambani News
Reliance Power clarified that Bank of Baroda's action against Reliance Communications, classifying its loan account as fraudulent, will not impact its operations or financial standing. The classification, also naming Anil Ambani, involves loans from a decade ago. Reliance Power emphasizes its independence from Reliance Communications, noting Ambani hasn't been on its board for over three years.
Reliance Communications' shares dipped after Bank of Baroda declared the company's and Anil Ambani's loan accounts as fraudulent. RCom, currently undergoing Corporate Insolvency Resolution Process, stated the classification pertains to pre-CIRP loans. The resolution professional is reviewing avoidance transactions, with applications pending before the NCLT.
Bank of Baroda has declared the loan accounts of Reliance Communications Ltd. and its former director, Anil Ambani, as "fraud." This decision, communicated in a letter dated September 2, 2025, prompted Reliance Communications to announce that it will seek legal counsel to determine its next steps in response to this classification.
Reliance Power and Reliance Infrastructure shares surged to 5% on Tuesday, continuing a two-day rally. Reliance Power shares have seen a sharp rally buoyed by positive developments in its renewable energy business.
Reliance Communications and Reliance Telecom loan accounts, along with directors including Anil Ambani, have been tagged as fraud by Bank of India after a forensic audit flagged diversion of funds. The CBI raided Ambani’s Mumbai home and RCom offices following SBI’s complaint. Ambani denied all allegations, while Reliance Power and Reliance Infra clarified no operational or financial linkages to RCom.
Reliance Power and Reliance Infrastructure shares fell after the CBI searched Anil Ambani’s home in a ₹2,929 crore Reliance Communications fraud case. Both firms said the probe has no impact on their operations, while Ambani denied the allegations, noting the transactions date back over a decade when he was a non-executive director.
Anil Ambani and Reliance Communications are under criminal investigation for alleged fraud following State Bank of India complaints, prompting CBI searches at Ambani's Mumbai residence and Reliance Communications offices. Ambani denies all allegations.
Following SBI, Bank of India has also declared Anil Ambani, Reliance Communications, and Reliance Telecom accounts as 'fraud' due to loan diversions and non-compliance. BOI's notice, received on August 22, 2025, cites an outstanding loan of Rs 724.78 crore. Previously, SBI and Canara Bank had also classified RCom as fraud for similar reasons.
The CBI has searched Anil Dhirubhai Ambani Group premises concerning an alleged bank loan fraud, following an FIR registration. This action follows the ED's questioning of Anil Ambani in a money laundering probe related to loans taken by Reliance Home Finance, Reliance Commercial Finance, and RCom.
Reliance Power touched a fresh high of ₹50.08, while Reliance Infra hit ₹303.70. The stocks have jumped 15.7% in three days, fueled by optimism around the group’s renewable energy push and infrastructure pipeline, signaling renewed investor confidence.
