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The Buying Bing! What is Mukesh Ambani up to?
With the recent developments in the retail sector, India is soon going to witness a major shift and a new champion. This Sunday, Mukesh Ambani acquired Urban Ladder for 
182 crore, and plans to invest 75 crore which is expected to be completed by December, 2023 thus possibly taking 100 percent stake in the company. In August, it bought a majority stake in pharma delivery company Netmeds for 620 crore; this was to take on Amazon in e-pharma biz. To cut the big story short, the business icon has bought nearly 25 firms in last three years (stakes in seven firms in 2018; nine in 2019 and over seven in 2020). Even the pipeline looks promising where Mukesh Ambani is eyeing Future Group’s retail arm Future Retail which is expected to be worth 29,000-30,000 crore.
If we believe the sources, there are news doing the round that Reliance’s recent hiring of two veterans from the Oil & Gas industry, former BPCL Chairman Sarthak Behuria, ex-IOC Chairman Sanjiv Singh, is a sign that the Billionaire is ready to bid for BPCL as the government plans privatizing it. India’s biggest oil-to-retail recently bought the entire 15 percent stake of Ronnie Screwala-owned Unilazer Ventures in Zivame and eyes bigger share in the company.
The Man’s magic power indeed turned the wheels in his favor. Just when we were all struggling with coping with COVID-19 and adjusting with the lockdown and the new normal. Reliance Industries signed 18 deals worth 1.9 lakh crore, which included names like Facebook, Silver Lake, General Atlantic, KKR, Mubadala and more. So is Mukesh Ambani going to become a major Mogul of the retail realm? Is the retail war going to intensify as the Indian Mogul takes on the global ones?
Flexing the Muscles
Just last week, Mukesh Ambani joined the likes of Bill Gates, Jeff Bezos, Jack Ma, and several other high-value investors post his decision to enter into a definitive agreement with Breakthrough Energy Ventures for an investment of $50 million to be made in tranches over the next eight-10 years. The Company has entered into a definitive agreement, for making capital contribution, up to $50 million, in Breakthrough Energy Ventures II, L.P. (BEV), a limited partnership, newly incorporated under the Delaware State Laws, United States of America," RIL said in an exchange filing.
This could be just a warm-up session for India’s richest man. He is well on his way to become a stronger Global Billionaire Industrialist, while this augurs well for someone from India commanding global attention and respect. We need more businessman like Mukesh Ambani, who are global Indian industrialists and entrepreneurs icon brands to inspire the next line of icons.
Tatas have already made their presence felt globally, while Mahindras are slowly joining the league with great vehicles with Hero Motors, Adani and Biocon catching up. With Reliance being an example of how an Indian business global, we have lot of lessons to learn from ‘THE MAN’.
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