BEST CEO
CHAMPION OF CHAMPIONS
Total Income/ 3-yr CAGR
₹3,50,689 cr/ 11.83%
PBIT/ 3-yr CAGR
₹56,666 cr/9.21%
PAT/ 3-yr CAGR
₹30,903 cr/-0.56%
3-yr Average TSR
11.12%
Average Market Cap Y-O-Y Growth *
34.86%
ROE/ ROCE
7.45%/8.36%
Cash/ Debt
₹8,443 cr/ ₹262,345 cr
Net Profit Margin
8.46%
*For Oct 2019-sept 2020; standalone data; Total income, PbiT & PAT net of extraordinary items; TsR: Total shareholder returns; source: ACe equity
Impossible is not a fact. It’s an opinion, stated boxing legend Muhammad Ali. That applies to billionaire Mukesh Ambani too. In 1997, his father Dhirubhai Ambani asked him to build Asia’s largest petroleum refinery at Jamnagar in 24 months, against the usual 60 months then. Mukesh Ambani charted out a new work schedule, counting backwards from the target date and pulled it off. When it came to creating two consumer focused businesses almost two decades later, sceptics said it would be impossible for Ambani. He proved them wrong by building India’s most profitable telecom and retail businesses — Reliance Jio and Reliance Retail — by simply widening the scope of the sectors.
This story is from the January 10, 2021 edition of Business Today.
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This story is from the January 10, 2021 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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