Mukesh Ambani’s leadership mantra: Don’t just follow, set new standards

By: |
Updated: October 9, 2017 5:54:25 PM

India’s richest man, Mukesh Ambani, recently shared a mantra on ‘leadership' at International Advertising Association’s (IAA) Leadership Awards, where he won the Business Leader of the Year award for his contribution to building lasting businesses.

Mukesh Ambani, Forbes, Narendra Modi, IndiaMukesh Ambani’s mantra– “Leadership is about setting new standards that nobody else has set.”(Image: Reuters)

India’s richest man, Mukesh Ambani, recently shared a mantra on ‘leadership’ at International Advertising Association’s (IAA) Leadership Awards, where he won the Business Leader of the Year award for his contribution to building lasting businesses. His mantra– “Leadership is not about following anybody, it is about setting new standards that nobody else has set.”

Chairman and MD of India’s most valued company Reliance Industries, who also topped the Forbes India Rich List 2017 — for 10th straight year, said that he had been fortunate to be part of Reliance’s journey since its inception. “Reliance completes 40 years of being a public company. I have been fortunate to be part of the journey from year one. I still remember that when I started off, I was a student of chemical engineering. At that time Reliance was less than 5 million dollars in enterprise value. And in 40 years within India, as an Indian company, we are now over 250 billion dollar in enterprise value. That has been a phenomenal journey,” he said.

Elaborating on the vision of Dhirubhai Ambani to always invest in the businesses of the future, Mukesh Ambani said, “He (Dhirubhai Ambani) founded Reliance and he believed in the principle that as Reliance we will always remain invested in the businesses of the future and will always invest in talent. Over the last 40 years, we have done that. We believe in the power of youth. One consistent thing is that over the last 40 years, the average age at Reliance has consistently remained at around 30 years.”

Mukesh Ambani believes that the next biggest opportunity lies in “Data”. In his own words, “Data is the new Oil”. Accordingly, the veteran industrialist is going full throttle on Relaince Jio. Elaborating on the same, Mukesh Ambani said, “I am really proud of what our young people have achieved at Jio. They have again demonstrated what my father and I believe in which is that leadership is not about following anybody. What we have done at Jio is that earlier India was 155th in mobile broadband ranking and in the first year one year after Jio was launched , India has become the number one and the largest mobile data market in the world. We have crossed over 50 crore hours of video viewing on smartphones. Essentially this market is moving to a mobile and video market and this again is a first in the world. Moreover, that is where the opportunity of a new India, especially for the youth of India, is in the coming years.”

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1ONGC stock rated Buy by Jefferies; key positive is price scenario
2Funding for internet, e-commerce companies; Environment in revival mode
3Maruti Suzuki stock is top pick in auto segment for Nomura; here is why