TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    133 Killed In Air India Flight Crash

    133 Killed in Air India Crash Near Ahmedabad; President Murmu, PM Modi Offer Condolences

    ahmedabad plane crash

    What is a Plane’s Black Box and How Does It Help in Crash Investigations?

    boeing shares plummets

    Boeing Stock Drops Sharply After Air India 787 Dreamliner Crashes Near Ahmedabad

    gujarat plane crash

    Air India Flight to London Crashes Near Ahmedabad Airport; 40 Feared Dead

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    11 Years of Modi Govt: Making Welfare Seamless with Direct Benefit Transfers

    11 Years of Modi Govt: Making Welfare Seamless with Direct Benefit Transfers, DigiLocker, UMANG

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    real estate

    India Retains Top Spot Among Global Investment Hubs for Land and Development Projects

    How a Compound Interest Calculator Can Boost Your Returns in India?

    How a Compound Interest Calculator Can Boost Your Returns in India?

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    congress leader likens operation sindoor to a computer game

    Congress’ Patole terms Operation Sindoor as ‘Video Game’, Sparks Controversy

    India-Russia Pact on the Su‑57 as a Leap of Strategic Trust

    From Buyer to Partner: What the Su‑57 Means for India’s Military Autonomy Inside Russia’s Su‑57 Gamble with India

    Dassault and Tata to Begin Rafale Fuselage Production in India

    Dassault and Tata to Begin Rafale Fuselage Production in India, Marking Major Milestone in Defence Manufacturing

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Why the US Inviting Pakistan’s Army Chief Matters

    Why the US Inviting Pakistan’s Army Chief Matters — And What It Could Mean for the Neighbourhood?

    Pakistan hikes defence Budget, prioritizes ammunition over growth

    Pakistan Hikes Defence Budget by 20 PC , Prioritizes Ammunition Over Growth

    Can PM Modi’s Visit Nudge Canada Toward Action on Khalistani Extremism?

    ‘Canadian PM Mark Carney Needs to Handle Khalistan Issue Diplomatically’

    Can PM Modi’s Visit Nudge Canada Toward Action on Khalistani Extremism?

    Can PM Modi’s Visit Nudge Canada Toward Action on Khalistani Extremism?

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Bobby Mukkamala Becomes 1st Indian-American President of AMA

    Bobby Mukkamala Becomes First Indian-American President of the American Medical Association

    The Vedic Ethos: A Civilization of Knowledge and Inquiry

    From Rigvedic Wisdom to Modern Decay: How Islamisation Crushed a Knowledge Civilization

    Ram Mandir Pran Pratishtha 2.0

    Thousands Gather in Ayodhya for Ram Darbar Pran Pratishtha Ceremony

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Bangalore: High Court of Karnataka in Bangalore. (Photo: IANS)

    RCB Moves HC to Quash FIR in Bengaluru Stampede Case, Cites Govt Approval for Celebration

    Slot Machines for Indian Players: Exclusive Gameplay for Real Money

    Slot Machines for Indian Players: Exclusive Gameplay for Real Money

    In December 2024, D. Gukesh Dommaraju, then just 18, became the youngest undisputed World Chess Champion

    The Gukesh Effect: How a Teen Grandmaster Is Reshaping Indian Chess and Reclaiming Its Ancient Legacy

    Critical Dimensions for Evaluating Procurement Software Providers

    Critical Dimensions for Evaluating Procurement Software Providers

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    133 Killed In Air India Flight Crash

    133 Killed in Air India Crash Near Ahmedabad; President Murmu, PM Modi Offer Condolences

    ahmedabad plane crash

    What is a Plane’s Black Box and How Does It Help in Crash Investigations?

    boeing shares plummets

    Boeing Stock Drops Sharply After Air India 787 Dreamliner Crashes Near Ahmedabad

    gujarat plane crash

    Air India Flight to London Crashes Near Ahmedabad Airport; 40 Feared Dead

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    11 Years of Modi Govt: Making Welfare Seamless with Direct Benefit Transfers

    11 Years of Modi Govt: Making Welfare Seamless with Direct Benefit Transfers, DigiLocker, UMANG

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    real estate

    India Retains Top Spot Among Global Investment Hubs for Land and Development Projects

    How a Compound Interest Calculator Can Boost Your Returns in India?

    How a Compound Interest Calculator Can Boost Your Returns in India?

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    congress leader likens operation sindoor to a computer game

    Congress’ Patole terms Operation Sindoor as ‘Video Game’, Sparks Controversy

    India-Russia Pact on the Su‑57 as a Leap of Strategic Trust

    From Buyer to Partner: What the Su‑57 Means for India’s Military Autonomy Inside Russia’s Su‑57 Gamble with India

    Dassault and Tata to Begin Rafale Fuselage Production in India

    Dassault and Tata to Begin Rafale Fuselage Production in India, Marking Major Milestone in Defence Manufacturing

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Why the US Inviting Pakistan’s Army Chief Matters

    Why the US Inviting Pakistan’s Army Chief Matters — And What It Could Mean for the Neighbourhood?

    Pakistan hikes defence Budget, prioritizes ammunition over growth

    Pakistan Hikes Defence Budget by 20 PC , Prioritizes Ammunition Over Growth

    Can PM Modi’s Visit Nudge Canada Toward Action on Khalistani Extremism?

    ‘Canadian PM Mark Carney Needs to Handle Khalistan Issue Diplomatically’

    Can PM Modi’s Visit Nudge Canada Toward Action on Khalistani Extremism?

    Can PM Modi’s Visit Nudge Canada Toward Action on Khalistani Extremism?

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Bobby Mukkamala Becomes 1st Indian-American President of AMA

    Bobby Mukkamala Becomes First Indian-American President of the American Medical Association

    The Vedic Ethos: A Civilization of Knowledge and Inquiry

    From Rigvedic Wisdom to Modern Decay: How Islamisation Crushed a Knowledge Civilization

    Ram Mandir Pran Pratishtha 2.0

    Thousands Gather in Ayodhya for Ram Darbar Pran Pratishtha Ceremony

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Bangalore: High Court of Karnataka in Bangalore. (Photo: IANS)

    RCB Moves HC to Quash FIR in Bengaluru Stampede Case, Cites Govt Approval for Celebration

    Slot Machines for Indian Players: Exclusive Gameplay for Real Money

    Slot Machines for Indian Players: Exclusive Gameplay for Real Money

    In December 2024, D. Gukesh Dommaraju, then just 18, became the youngest undisputed World Chess Champion

    The Gukesh Effect: How a Teen Grandmaster Is Reshaping Indian Chess and Reclaiming Its Ancient Legacy

    Critical Dimensions for Evaluating Procurement Software Providers

    Critical Dimensions for Evaluating Procurement Software Providers

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

“My net worth is zero”, Once a flamboyant billionaire, Anil Ambani reveals his sad story

His brother is the richest man of India

Amit Agrahari by Amit Agrahari
8 February 2020
in Trending
Anil Ambani
Share on FacebookShare on X

Anil Ambani, brother of Asia’s richest man has told the court in London that his net worth is zero. “My net worth is zero after taking into account my liabilities. In summary, I do not hold any meaningful assets which can be liquidated for the purposes of these proceedings,” said Anil Ambani, as per a filing in London court.

Anil Ambani has to pay millions of dollars to Chinese banks, but he pleaded in the court about his poverty and his inability to pay back the loans. The Chinese state-owned banks provided 925 million dollars loan to Anil Ambani’s Reliance Communications, which filed for bankruptcy last year. Ambani was ordered to put 100 million dollars into court’s account within 6 weeks and therefore the industrialist had to plead to the court about his poverty, as he has got no money to payback.

RelatedPosts

Why the US Inviting Pakistan’s Army Chief Matters — And What It Could Mean for the Neighbourhood?

Congress Shelved 1995 Nuclear Test Under US Pressure, Alleges BJP MP Nishikant Dubey

Chinese Researcher Arrested for Smuggling Biological Material to US University Amid Security Concerns

Load More

Once a constant face on the list of world’s most wealthy individuals, Anil Ambani is now sitting on a heap underperforming companies reeling under debt. Over the past decade, the total worth of Reliance Group of Companies (top 5) has eroded dramatically from Rs 2,36,354 crore in 2008 to just Rs 24,922 crores in February 2019. Just a few years after the death of Dhirubhai Ambani, the multibillion-dollar business empire was split between the Ambani brothers after a long and emotional family rift. While the elder brother, Mukesh Ambani was given the group’s petrochemical business, the younger sibling Anil, managed to get the new-age telecom business, along with the financial services and energy business.

Reliance Communications (RCom), Anil’s mobile telephony venture, is all but defunct: the company owes its lenders Rs. 48,000 crores and RCom has just been reduced to fixed-line communications, data centre services and enterprise solutions with revenues of Rs 4,684 crore in fiscal 2018, a massive drop from the Rs 19,000 crore bagged in 2008. Market capitalization has plunged from a peak valuation of Rs 1,65,917 crore in January 2008 to just over 1 per cent of that value at Rs 1,687 crore on February 18, 2019.

The fall of Anil Ambani’s’ telecom business was the main burden that dragged down the entire business group itself. RCom which looked promising in its initial years flaunted a 20 per cent market share, but the group was losing out to the competing GSM technology while the group operated on CDMA. However, Anil Ambani acted swiftly and shifted his bets to GSM and laid out services within 12 months. With an aggressive pricing strategy and investment of around 8,500 crores to buy 3G spectrum in 11 circles, RCom pushed to become the second-largest Telecommunications Company in India with a massive 125 million customer base by December 2010, which was a fourfold jump for the telecom just five years after the family settlement.

While Mukesh Ambani’s Reliance Industries Limited (RIL) group stood at a market cap of around Rs. 7, 70,592 Crore, younger brother Group’s market cap is near zero.

The Managerial style of both brothers is very different. The leadership style of Mukesh Ambani epitomizes the traditional Indian style running a Hindu undivided family business. He involves himself in every large-scale project and is known for his ability to visualize, conceive and implement mega projects down to the last screw and nail.

Anil, on the other hand, is more like a western businessman. He is flashy, flamboyant, urbane, high-profile and accessible, he is dear to media as he regularly throws lavish parties for them. While his brother is known for keeping a safe distance from politicians at least in public eye, Anil is close to politicians like Mulayam Singh Yadav and Amar Singh; he also got a seat in Rajya Sabha from which he later resigned.

He has pioneered many innovations in the Indian capital markets and has had unparalleled success in raising capital from global markets for Reliance. He knows the world’s biggest international financiers by their first names and is the telegenic face of the company. He is known for trusting his managers and going with their opinions rather than involving himself in any project in great detail.

The businesses of Anil Ambani have collapsed and most of the companies in his group have filed for bankruptcy. Whatever be the future of the business, Anil Ambani will go down as a person who could not handle family fortunes.

Tags: Anil AmbaniChinaMukesh Ambani
Share233TweetSend
Previous Post

“You have mocked the plight of Kashmiri Pandits”, An angry letter to Vidhu Vinod Chopra

Next Post

No need to go to ATM for cash withdrawal, PhonePe is coming with revolutionary tech to destroy ATM industry

Related Posts

133 Killed In Air India Flight Crash
Trending

133 Killed in Air India Crash Near Ahmedabad; President Murmu, PM Modi Offer Condolences

12 June 2025

A devastating air tragedy unfolded near Ahmedabad on Thursday afternoon, as an Air India flight bound for London crashed...

ahmedabad plane crash
Trending

What is a Plane’s Black Box and How Does It Help in Crash Investigations?

12 June 2025

On June 12, 2025, Air India Flight AI171, flying from Ahmedabad to London, tragically crashed just minutes after takeoff....

boeing shares plummets
Trending

Boeing Stock Drops Sharply After Air India 787 Dreamliner Crashes Near Ahmedabad

12 June 2025

On June 12, 2025, Boeing’s shares took a significant hit following the crash of Air India Flight AI171, a...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Islam is on the track to become the fastest growing religion in the world.

Islam is on the track to become the fastest growing religion in the world.

00:09:34

BJP, bakrid and the cow. CM Manik Saha in eye of the storm.

00:03:56

Pakistan needs money from IMF to feed their people

00:15:20

Vacate PoK and more: Steps Pakistan needs to take to avoid Indian military action

00:06:36

Taking The Wire’s Propaganda Piece on VP to the Cleaners – Feat. Prof. Kapil Kumar

00:09:19
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited